FM Foundation
FM Foundation is a private foundation based in Johnston, Rhode Island. Its 2024 filing reports $7,934,230 in grants to charitable organizations.
FM Foundation at a glance
In short: FM Foundation gave $7.9M across 25 grants in 2024 (avg $317K), top state Rhode Island. 48% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,934,230
- +24.5% vs 2023
- Grants made (2024)
- 25
- -85.1% vs 2023
- Average grant
- $317,369
- +736.6% vs 2023
- Median grant
- $40,000
- Total assets
- $16,817,641
- -29.9% vs 2023
- New grantees (estimate)
- 48% first-time grantees (10 of 21, 2024; small sample)
- Primary geography
- Rhode Island (38% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to FM Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 270 Central Ave PO Box 7500, Johnston, RI 02919
Phone: (401) 415-1200
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who FM Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was United Way of Rhode Island ($3.0M). Together the top 10 received $7.9M.
Grant Size Distribution
668 grants across all recorded years
The most common grant size was under $50K: 617 grants of 668 (92%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars were distributed among recipients in Rhode Island (38%), Florida (25%), Texas (15%), Washington (9%), and Tennessee (5%).
Grant Distribution by State
Share of 2024 grant dollars across all 25 itemized grants.
States
Cities
Is FM Foundation open to new grantees?
48%
first-time grantees, 2024
In 2024, 10 of 21 grantees (48%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $119K; repeat grants $613K. How we count
Medians: $5K first-time, $206K repeat.
- 24% of 2024 grantees were also funded in 2023. Method
- Giving grew 21% from 2021 to 2024. Method
- In 2024 it paid out 796% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6.4M (2023) to $7.9M (2024). In 2024 it made 25 grants totaling $7.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Rhode Island Providence, RI | Contribution provided | $2,982,013 |
| American Online Giving Foundation Clearwater, FL | Contribution provided | $1,948,665 |
| National Medal of Honor Museum Foundation Arlington, TX | Contribution provided | $1,000,000 |
| United Way of King County Seattle, WA | Contribution provided | $379,936 |
| International Scholarship & Tuition Services Nashville, TN | Contribution provided | $370,096 |
| Spencer Educational Foundation New York, NY | Contribution provided | $350,000 |
| United Way of King County Seattle, WA | Contribution provided | $307,812 |
| United Kingdom Online Giving Foundation | Contribution provided | $205,551 |
| United Way of Metropolitan Dallas Inc Dallas, TX | Contribution provided | $95,830 |
| United Way of Metropolitan Dallas Inc Dallas, TX | Contribution provided | $74,762 |
Ready to take the next step with FM Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $16,817,641 | $1,026,424 | $8,200,404 | $7,934,230 | 25 | $8,137,110 | $977,630 | $1,022,660 |
| 2023 | $23,991,621 | $197,753 | $6,543,832 | $6,373,477 | 168 | $6,389,477 | $177,753 | $1,396,951 |
| 2022 | $30,337,700 | $38,482 | $7,336,064 | $6,758,528 | 165 | $6,774,528 | $18,482 | $1,565,465 |
| 2021 | $37,635,282 | $30,490,175 | $6,876,531 | $6,550,725 | 172 | $6,574,067 | $28,506,648 | $82,024 |
| 2020 | $14,021,638 | $10,024,656 | $7,776,742 | $7,603,963 | 138 | — | $9,253,464 | $322,355 |
Under IRS private-foundation payout rules, FM Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for United Ways and other charitable organizations. United Way of Rhode Island describes its mission as “uniting our community and resources to build racial equity and opportunities for all Rhode Islanders.” Spencer Educational Foundation says it funds scholarships, grants, internships, experiential learning, and risk-management curricula to develop future risk management and insurance leaders.
Grantmaking
In 2024, the foundation reported 25 grants totaling $7,934,230. Grant amounts ranged from $200 to $2,982,013, with a median of $40,000. Among the largest grants were $2,982,013 to United Way of Rhode Island, $1,948,665 to American Online Giving Foundation, $1,000,000 to National Medal of Honor Museum Foundation, $379,936 to United Way of King County, and $350,000 to Spencer Educational Foundation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Malcolm C Roberts as Director, Chairman, President & CEO; Alex Tadmoury as EVP & CEO; Sanjay Chawla as EVP Investments; Courtney Mazyck as Assistant Vice President Finance; Andrew S Brooslin as Secretary; Denise Hebert as Director Vice President; Deanna Fidler as Executive Vice President; Kashia Moua as CSO; Christopher Dempsey as EMEA Division Manager; and Andrew Bryson as SVP Engineering & Research.
FM Foundation is led by Malcolm C Roberts, Director Chairman President & CEO on every filing since 2022; none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Malcolm C Roberts
Director Chairman President & CEO
On filings since 2022
0.3 hrs/week
No compensation reported
Alex Tadmoury
Executive Vice President & CEO
New on the 2024 filing
0.3 hrs/week
No compensation reported
Andrew S Brooslin
Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Courtney Mazyck
Assistant Vice President Finance
On filings since 2020
2 hrs/week
No compensation reported
Sanjay Chawla
Executive Vice President Investments
Senior Vice President Investments → Executive Vice President Investments, 2024
On filings since 2020
0.3 hrs/week
No compensation reported
Deanna Fidler
Executive Vice President
On filings since 2022
0.3 hrs/week
No compensation reported
Denise Hebert
Director Vice President
On filings since 2022
0.3 hrs/week
No compensation reported
Andrew Bryson
Senior Vice President Engineering & Research
New on the 2024 filing
0.3 hrs/week
No compensation reported
Christopher Dempsey
Emea Division Manager
New on the 2024 filing
0.3 hrs/week
No compensation reported
Kashia Moua
Cso
New on the 2024 filing
0.3 hrs/week
No compensation reported
Former officers (3)
- Former: Angie Henderson Moncada (2021–2023) — Staff Senior Vice President Marketing
- Former: Thomas A Lawson (2020–2021) — Director Chairman President & CEO
- Former: Roberta H Butler (2020) — Director Vice President Marketing
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about FM Foundation
How much does FM Foundation give each year?
FM Foundation gave $7.9M across 25 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6.4M across 168 grants.
What is FM Foundation's typical grant size?
FM Foundation's median grant in 2024 was $40,000, and its average grant was $317,369, across 25 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from FM Foundation that year got $119K on average.
Where does FM Foundation give grants?
FM Foundation's top state is Rhode Island, with 38% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Florida (25%) and Texas (15%). The most frequent recipient cities were Seattle, WA (2 grants), Dallas, TX (2 grants), Framingham, MA (2 grants) and Chicago, IL (2 grants).
Does FM Foundation give general operating support?
Not in 2024: none of the 25 grants with a stated purpose on FM Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Contribution provided" (25 grants).
Who are FM Foundation's largest grantees?
FM Foundation's largest 2024 grantees include United Way of Rhode Island ($2,982,013), American Online Giving Foundation ($1,948,665) and National Medal of Honor Museum Foundation ($1,000,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is FM Foundation?
FM Foundation reported $16.8M in total assets on its 2024 IRS Form 990-PF. It paid out $8.1M in qualifying distributions that year, against a required minimum of $1.0M (roughly 5% of its investment assets).
What does FM Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include support for United Ways and other charitable organizations. United Way of Rhode Island describes its mission as “uniting our community and resources to build racial equity and opportunities for all Rhode Islanders.” See mission & focus areas ↑
How do I apply for a grant from FM Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is FM Foundation's EIN?
FM Foundation's EIN (Employer Identification Number) is 22-2773230. IRS Form 990 filing data is available on this page for 2020–2024.
Does FM Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in FM Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Lumen Clarke M Williams Foundation
Wilmington, DE
The foundation supports employee giving and volunteer programs, as well as K–12 classroom technology through its Teachers and Technology program. That program offers grants of up to $5,000 to eligible schools in 10 states; 2024 giving had a median grant of $6,110 and was concentrated in Delaware. It generally funds preselected organizations and does not accept unsolicited requests, though eligible teachers could apply for the announced Teachers and Technology round.
Assets
$12.1M
Grants
4
Total Given
$971K
Aetna Foundation Inc
Hartford, CT
Aetna Foundation supported health and wellness, access to health care, and related community needs; its 2021 grants ranged from $5,000 to $1 million, with a median of $40,000, and went to organizations across multiple states, especially in D.C. and Connecticut. Its 2021 filing was marked final, so it appears to have ended or be winding down grantmaking; that filing said there were no restrictions on who could apply and pointed applicants to its website for application materials.
Assets
—
Grants
65
Total Given
$7.2M
United Way Worldwide
Alexandria, VA
United Way Worldwide funds community programs focused on youth opportunity, health, financial security, education, and disaster relief, with 2024 grants made across multiple U.S. states and internationally. Its 209 reported grants ranged from $5,100 to $736,333, with a median of $22,675. It does not state whether it accepts unsolicited grant requests.
Assets
$68.0M
Grants
209
Total Given
$11.4M
Siemer Institute
Columbus, OH
The Siemer Institute funds community organizations using two-generation programs to prevent family homelessness and school instability and improve children’s educational opportunities. Its 2025 grants ranged from $15,000 to $1.92 million, with a median of $165,000, supporting partners nationwide. It does not accept unsolicited requests; applications are by invitation only.
Assets
$21.6M
Grants
79
Total Given
$17.9M
EMC Insurance Foundation
Des Moines, IA
The EMC Insurance Foundation supports nonprofits serving children and youth, people with health needs, and arts, cultural, and community purposes, generally in Iowa. Its 2025 grants had a median of $5,000, with awards ranging from $5 to $166,500. It does not limit giving to preselected organizations; the profile describes how to submit a request but does not explicitly state whether unsolicited requests are accepted.
Assets
$28.8M
Grants
108
Total Given
$1.5M
More similar funders
More Funders in Rhode Island
Cite this profile
Grantable. (2026). FM Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/fm-foundation-morg_1442e1639bfc4219a4a8a8c42ec35c7f
BibTeX
@misc{grantable_222773230_2026,
author = {{Grantable}},
title = {{FM Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/fm-foundation-morg_1442e1639bfc4219a4a8a8c42ec35c7f},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from FM Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
FM Foundation down — hundreds of funders to go?