The Formanek Foundation is a private grantmaking foundation established in 2008 and based in Memphis, Tennessee. Operating with a lean organizational structure, the foundation maintains a low public profile and does not maintain a public website.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$155.4M
+7.7% YoY
Annual Giving
$7.6M
+2.2% YoY
Grant Count
28
+21.7% YoY
Avg Grant Size
$271K
-16.0% YoY
Mission & Focus Areas
The foundation's mission focuses on two primary areas:
- Public Education: Promoting public education and academic progress for Tennessee students from kindergarten through career
- Healthcare: Providing healthcare to underinsured and working people
Grantmaking
The foundation does not have a public website or publicly listed email address. Inquiries can be directed to the foundation's phone line.
Grant Range
$30,000 - $1,780,241
Average Grant
amount: $323,247
How to Apply
**
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Geographic Focus
Where this funder awards grants
While primarily focused on Tennessee, the foundation has expanded its geographic reach to support select initiatives across multiple U.S. cities and international locations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024)
- Total assets: $155,420,222
- Total annual giving: $7,567,725
Assets & Giving (2023)
- Total assets: $144,351,130
- Total revenues: $12,023,174
- Total expenses: $10,692,860
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $155,420,222 | $144,351,130 | $143,020,816 |
| Revenue | $21,317,306 | $12,023,174 | $2,423,782 |
| Expenses | $10,248,214 | $10,692,860 | $11,506,038 |
| Qualifying Distributions | $7,569,628 | $7,434,674 | $7,684,241 |
| Net Investment Income | $19,377,225 | $9,318,978 | $5,786,387 |
| Distributable Amount | $8,531,322 | $8,545,680 | $6,335,585 |
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
130 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Eric Robertson was appointed to lead the Formanek Foundation, transitioning from his previous role at Community LIFT.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WALTER W ROTCHILD | PRESIDENT/DIRECTOR/EXEC COMM | 5 | — |
| J MICHAEL HOWARD II | SEC-TREASURER/DIRECTOR/EXEC COMM | 10 | — |
| JONATHAN SPITZER | DIRECTOR/EXECUTIVE COMMITTEE | 2 | — |
| MARY LEE COPP | DIRECTOR | 1 | — |
| RYAN CARROLL | DIRECTOR | 1 | — |
| ROBIN L FORMANEK | DIRECTOR | 1 | — |
Contact Information
Address: 6075 Poplar Ave, Suite 726, Memphis, TN 38119-4750
Phone: 901-616-1529
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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