Fm Foundation
FM Foundation is a private foundation based in Johnston, Rhode Island, established in February 1987. The organization holds 501(c)(3) tax-exempt status and operates as a grantmaking foundation. The foundation maintains significant assets and engages in substantial philanthropic activity across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.8M
-29.9% YoY
Annual Giving
$7.9M
+24.5% YoY
Grant Count
25
-85.1% YoY
Avg Grant Size
$317K
+736.6% YoY
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.
Grantmaking
FM Foundation is an active grantmaker that distributed $7,934,230 in total giving according to recent filings. The foundation made 165 grants in its most recent reporting year.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends across multiple states, with documented funding activity in Texas, Massachusetts, Washington, Florida, Tennessee, and New York, among others.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $16,817,641
- Total Revenues: $1,026,424
- Total Expenses: $8,200,404
- Total Giving: $7,934,230
Prior Year Data (2023):
- Total Assets: $24,000,000
- Total Revenues: $198,000
- Total Expenses: $6,540,000
The foundation maintains zero liabilities and operates with no employees on staff.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,817,641 | $23,991,621 | $30,337,700 |
| Revenue | $1,026,424 | $197,753 | $38,482 |
| Expenses | $8,200,404 | $6,543,832 | $7,336,064 |
| Qualifying Distributions | $8,137,110 | $6,389,477 | $6,774,528 |
| Net Investment Income | $977,630 | $177,753 | $18,482 |
| Distributable Amount | $1,022,660 | $1,396,951 | $1,565,465 |
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
225 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Rhode Island ($2,982,013), American Online Giving Foundation ($1,948,665), National Medal of Honor Museum Foundation ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| American Online Giving Foundation Clearwater, FL | Contribution provided | $1,948,665 |
| United Kingdom Online Giving Foundation | Contribution provided | $205,551 |
| International Scholarship & Tuition Services Nashville, TN | Contribution provided | $370,096 |
| United Way of Greater Philadelphia & Southern New Jersey Philadelphia, PA | Contribution provided | $3,940 |
| United Way of Metropolitan Dallas Inc Dallas, TX | Contribution provided | $74,762 |
| United Way of King County Seattle, WA | Contribution provided | $307,812 |
| United Way of TriCounty Framingham, MA | Contribution provided | $54,304 |
| Spencer Educational Foundation New York, NY | Contribution provided | $350,000 |
| SAINT JOSEPH CHARTER TOWNSHIP FD 2 SAINT JOSEPH, MI | Contribution provided | $2,128 |
| POMFRT FIRE MARSHAL POMFRET, CT | Contribution provided | $1,400 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Malcolm C Roberts — Director, Chairman, President, and Chief Executive Officer
- Sanjay Chawla — Senior Vice President, Investments
- Angie Henderson Moncada — Senior Vice President, Marketing
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Malcolm C Roberts | Director Chairman President & CEO | 0.25 | — |
| Alex Tadmoury | EVP & CEO | 0.25 | — |
| Sanjay Chawla | EVP Investments | 0.25 | — |
| Courtney Mazyck | Assistant Vice President Finance | 2 | — |
| Andrew S Brooslin | Secretary | 0.25 | — |
| Denise Hebert | Director Vice President | 0.25 | — |
| Deanna Fidler | Executive Vice President | 0.25 | — |
| Kashia Moua | CSO | 0.25 | — |
| Christopher Dempsey | EMEA Division Manager | 0.25 | — |
| Andrew Bryson | SVP Engineering & Research | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Fm Foundation?
FM Foundation is an active grantmaker that distributed $7,934,230 in total giving according to recent filings. The foundation made 165 grants in its most recent reporting year. Recent notable grants include: • United Way of Rhode Island: $2,982,013 • National Medal of Honor Museum Foundation: $1,000,000 • United Way of King County: $379,936 Grant amounts range from $200 to $2,982,013, with significant variation in award sizes.
Where does Fm Foundation make grants?
The foundation's grantmaking extends across multiple states, with documented funding activity in Texas, Massachusetts, Washington, Florida, Tennessee, and New York, among others.
What size grants does Fm Foundation award?
In 2024, Fm Foundation awarded 25 grants totaling $7.9M — an average of about $317K per grant, based on its IRS Form 990 filings.
How much is Fm Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fm Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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