Carl Forstmann Memorial Foundation is a private foundation focused on Education, based in GREENWICH, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 26 grants totaling $84K. Net investment income was $101K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+11.4% YoY
Annual Giving
$84K
+2.4% YoY
Grant Count
26
-10.3% YoY
Avg Grant Size
$3K
+14.3% YoY
Under IRS private-foundation payout rules, Carl Forstmann Memorial Foundation reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About Carl Forstmann Memorial Foundation
Based on IRS filings
Carl Forstmann Memorial Foundation is a private foundation focused on Education, based in GREENWICH, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 26 grants totaling $84K. Net investment income was $101K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,060,906 | $952,078 | $899,411 |
| Revenue | $111,116 | $53,417 | $21,248 |
| Expenses | $104,448 | $105,557 | $14,641 |
| Qualifying Distributions | $84,000 | $82,000 | — |
| Net Investment Income | $100,889 | $44,251 | $10,874 |
| Distributable Amount | $48,168 | $41,779 | $48,483 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
119 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Alexander Twilight Academy ($10,000), Waldorf School ($9,000), Chesapeake Charities ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVENTURE RECOVERY FALLS VILLAGE, CT | CHARITABLE CONTRIBUTION | $1,000 |
| ALEXANDER TWILIGHT ACADEMY BOSTON, MA | CHARITABLE CONTRIBUTION | $10,000 |
| CHESAPEAKE CHARITIES STEVENSVILLE, MD | CHARITABLE CONTRIBUTION | $8,000 |
| CHESTERTOWN RIVER ARTS CHESTERTOWN, MD | CHARITABLE CONTRIBUTION | $5,000 |
| PARKS & TRAILS NEW YORK ALBANY, NY | CHARITABLE CONTRIBUTION | $1,000 |
| PATHWAYS INC GREENWICH, CT | CHARITABLE CONTRIBUTION | $3,000 |
| DIGS WITH DIGNITY CHICAGO, IL | CHARITABLE CONTRIBUTION | $2,000 |
| PEPPERDINE UNIVERSITY MALIBU, CA | CHARITABLE CONTRIBUTION | $1,500 |
| ST MICHAELS CHURCH GREENWICH, CT | CHARITABLE CONTRIBUTION | $1,000 |
| FUTURE 5 STAMFORD, CT | CHARITABLE CONTRIBUTION | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTINA GIAMMALVA | PRESIDENT | 2 | — |
| CECILY LYLE | SECRETARY | 2 | — |
| VICTORIA ARNOLD | TRUSTEE | 1 | — |
| MIA MORAN | TRUSTEE | 1 | — |
| SARAH LYLE | TRUSTEE | 1 | — |
| STEPHEN LYLE | TRUSTEE | 1 | — |
| ELISSA MORAN | TRUSTEE | 1 | — |
| STEVE WILSON | ADVISOR | 1 | — |
| TONY FORSTMANN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Carl Forstmann Memorial Foundation?
Carl Forstmann Memorial Foundation is a private foundation focused on Education, based in GREENWICH, CT. It holds $1.1M in total assets as of 2024.
How large is Carl Forstmann Memorial Foundation?
As of 2024, Carl Forstmann Memorial Foundation holds $1.1M in total assets with $111K in annual revenue. It awarded 26 grants totaling $84K in 2024.
Where does Carl Forstmann Memorial Foundation operate?
Carl Forstmann Memorial Foundation has awarded grants in California, Connecticut, District of Columbia, Florida, Illinois, Massachusetts, Maryland, Michigan, New Mexico, New York, Pennsylvania, South Dakota, Texas, Vermont, Washington.
What size grants does Carl Forstmann Memorial Foundation award?
In 2024, Carl Forstmann Memorial Foundation awarded 26 grants totaling $84K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Carl Forstmann Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carl Forstmann Memorial Foundation reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carl Forstmann Memorial Foundation's EIN?
Carl Forstmann Memorial Foundation's EIN (Employer Identification Number) is 22-6042706. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Carl Forstmann Memorial Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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