Forty-One Foundation
Forty-One Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greenville, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $318K in total assets. In 2025, it awarded 2 grants totaling $30K. Net investment income was $15K.
Key facts about Forty-One Foundation
In short: Forty-One Foundation gave $30K across 2 grants in 2025 (avg $15K), mostly in Delaware. Source: 2025 IRS Form 990-PF.
- EIN
- 38-7127320
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $30,000
- Grants made (2025)
- 2
- Average grant
- $15,000
- Median grant
- $15,000
- Total assets
- $317,860
- Primary geography
- Delaware (83% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$318K
-5.0% YoY
Annual Giving
$30K
+300.0% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$15K
+500.0% YoY
Under IRS private-foundation payout rules, Forty-One Foundation reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
How Forty-One Foundation gives
- Giving grew 20% from 2022 to 2025. Method
- In 2025 it paid out 163% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| URSULINE ACADEMY Wilmington, DE | GENERAL & UNRESTRICTED | $25,000 |
| THE AMERICAN UNIVERSITY OF ROME | PROVIDE SCHOLARSHIP TO DEGREE SEEKING STUDENTS IN NEED; SUPPORT STUDENTS FOR IR DEPARTMENT | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $317,860 | $334,473 | $316,626 |
| Revenue | $18,063 | $29,520 | $10,758 |
| Expenses | $34,676 | $11,673 | $19,272 |
| Qualifying Distributions | $30,979 | $8,494 | $16,117 |
| Net Investment Income | $14,890 | $26,341 | $7,603 |
| Distributable Amount | $18,974 | $18,037 | $16,601 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 2, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Forty-One Foundation's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
David B. Ripsom
Trustee
On filings since 2020
1 hr/week
No compensation reported
Matthew Ripsom
Trustee
On filings since 2020
1 hr/week
No compensation reported
Maureen McAleenan
Trustee
On filings since 2020
1 hr/week
No compensation reported
Megan Ripsom Richards
Trustee
On filings since 2020
1 hr/week
No compensation reported
Patricia M. Ripsom
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Forty-One Foundation
How much does Forty-One Foundation give each year?
Forty-One Foundation gave $30K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 3 grants.
How large is Forty-One Foundation?
Forty-One Foundation reported $318K in total assets on its 2025 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What is Forty-One Foundation?
Forty-One Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greenville, DE. It holds $318K in total assets as of 2025.
Where does Forty-One Foundation operate?
Forty-One Foundation has awarded grants in Delaware, New York, Pennsylvania.
What is Forty-One Foundation's EIN?
Forty-One Foundation's EIN (Employer Identification Number) is 38-7127320. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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