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Also known as: C/O BESSEMER TRUST COMPANY NA
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Theodore J Forstmann Charitable Trust is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 2015. The principal officer is Bessemer Trust. It holds total assets of $25.4M. Annual income is reported at $1.8M. Total assets have decreased from $70M in 2014 to $25.4M in 2024. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2024. The foundation primarily funds organizations in New York and California. According to available records, Theodore J Forstmann Charitable Trust has made 191 grants totaling $88.1M, with a median grant of $250K. Annual giving has grown from $14.7M in 2020 to $19.2M in 2023. Grantmaking activity was highest in 2022 with $37.9M distributed across 82 grants. Individual grants have ranged from $10K to $4.9M, with an average award of $461K. The foundation has supported 65 unique organizations. The foundation primarily supports organizations in New York, California, Florida, which account for 72% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$208K
Average Grant
$453K
Largest Grant
$4.9M
Based on 36 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Theodore J Forstmann Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 191 grants. Its grantmaking reaches organizations primarily in NY, CA, FL.
Theodore J Forstmann Charitable Trust has distributed a total of $88.1M across 191 grants. The median grant size is $250K, with an average of $461K. Individual grants have ranged from $10K to $4.9M.
Theodore J Forstmann Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Theodore J Forstmann Charitable Trust is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Courtney O'Malley | EXECUTIVE DIRECTOR TO TRUS | $289K | $61K | $350K |
| Bessemer Trust Company Na | CO-TRUSTEE | $66K | $0 | $66K |
| Margot Mcginness | CO-TRUSTEE | $0 | $0 | N/A |
| Kathleen Broderick | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$25.4M
Fair Market Value
N/A
Net Worth
$25.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
191
Total Giving
$88.1M
Average Grant
$461K
Median Grant
$250K
Unique Recipients
65
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S Scholarship FundGENERAL EXEMPT PURPOSE | New York, NY | $3.1M | 2023 |
| Spence-Chapin Services To Families And ChildrenGENERAL EXEMPT PURPOSE | New York, NY | $2.2M | 2023 |
| African Leadership FoundationGENERAL EXEMPT PURPOSE | New York, NY | $1.2M | 2023 |
| A Place Called HomeGENERAL EXEMPT PURPOSE | Los Angeles, CA | $933K | 2023 |
| Wolakota Waldorf SocietyGENERAL EXEMPT PURPOSE | Kyle, SD | $900K | 2023 |
| Partnership SchoolsGENERAL EXEMPT PURPOSE | New York, NY | $822K | 2023 |
| Rocking The Boat IncGENERAL EXEMPT PURPOSE | Bronx, NY | $750K | 2023 |
| New Alternatives For Children IncGENERAL EXEMPT PURPOSE | New York, NY | $750K | 2023 |
| Friends Of Raising The Village IncorporatedGENERAL EXEMPT PURPOSE | New York, NY | $750K | 2023 |
| Crossover MissionGENERAL EXEMPT PURPOSE | Vero Beach, FL | $600K | 2023 |
| Australian Indigenous Education FoundationGENERAL EXEMPT PURPOSE | Surry Hills | $521K | 2023 |
| Yamba Malawi IncGENERAL EXEMPT PURPOSE | New York, NY | $500K | 2023 |
| The Learning AllianceGENERAL EXEMPT PURPOSE | Vero Beach, FL | $500K | 2023 |
| The Jed FoundationGENERAL EXEMPT PURPOSE | Brooklyn, NY | $500K | 2023 |
| Summer SearchGENERAL EXEMPT PURPOSE | Oakland, CA | $500K | 2023 |
| Hibiscus Children'S CenterGENERAL EXEMPT PURPOSE | Jensen Beach, FL | $400K | 2023 |
| The Bridge Golf FoundationGENERAL EXEMPT PURPOSE | New York, NY | $350K | 2023 |
| Homeless Children'S Foundation Of Indian River CountyGENERAL EXEMPT PURPOSE | Indian River Shores, FL | $330K | 2023 |
| Fundacja Katalyst EducationGENERAL EXEMPT PURPOSE | — | $300K | 2023 |
| Proyecto PastoralGENERAL EXEMPT PURPOSE | Los Angeles, CA | $300K | 2023 |
| Comprehensive Youth DevelopmentGENERAL EXEMPT PURPOSE | New York, NY | $291K | 2023 |
| Childcare Resources Of Indian River IncGENERAL EXEMPT PURPOSE | Vero Beach, FL | $258K | 2023 |
| United Friends Of The ChildrenGENERAL EXEMPT PURPOSE | Los Angeles, CA | $250K | 2023 |
| Adventures In LearningGENERAL EXEMPT PURPOSE | Manhasset, NY | $200K | 2023 |
| Caritas Of Krakow ArchdioceseGENERAL EXEMPT PURPOSE | — | $200K | 2023 |
| Foundations In EducationGENERAL EXEMPT PURPOSE | Bridgeport, CT | $200K | 2023 |
| Children First FoundationGENERAL EXEMPT PURPOSE | North Melbourne | $182K | 2023 |
| Seriousfun Childrens NetworkGENERAL EXEMPT PURPOSE | Westport, CT | $167K | 2023 |
| Figure Skating In HarlemGENERAL EXEMPT PURPOSE | New York, NY | $150K | 2023 |
| Make-A-Wish FoundationGENERAL EXEMPT PURPOSE | Phoenix, AZ | $150K | 2023 |
| School On Wheels IncGENERAL EXEMPT PURPOSE | Los Angeles, CA | $150K | 2023 |
| Nicholas Center LtdGENERAL EXEMPT PURPOSE | Port Washington, NY | $125K | 2023 |
| Catholic Charities Of Fairfield County IncGENERAL EXEMPT PURPOSE | Bridgeport, CT | $107K | 2023 |
| The Arthur Project IncGENERAL EXEMPT PURPOSE | New York, NY | $100K | 2023 |
| Penny'S Flight Foundation IncGENERAL EXEMPT PURPOSE | Glen Cove, NY | $100K | 2023 |
| Youth Sailing Foundation Of Indian River CountyGENERAL EXEMPT PURPOSE | Vero Beach, FL | $83K | 2023 |
| Grenville Baker Boys & Girls ClubGENERAL EXEMPT PURPOSE | Locust Valley, NY | $60K | 2023 |
| Flaviana Matata Foundation IncGENERAL EXEMPT PURPOSE | Brooklyn, NY | $50K | 2023 |
| Winchester AbcGENERAL EXEMPT PURPOSE | Winchester, MA | $50K | 2023 |
| TwinspireGENERAL EXEMPT PURPOSE | Redding, CA | $33K | 2023 |
| Glen Cove Boys & Girls Club At Lincoln House IncGENERAL EXEMPT PURPOSE | Glen Cove, NY | $32K | 2023 |