Forty-One Foundation

Foundation · Grantmaker Greenville, DE EIN: 38-7127320

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

3states

Share of all 2 itemized 2025 grant dollars.

Cities

WilmingtonGermansvilleRye BrookNew YorkWoodlyn

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K4 grants20204 grants20213 grants20223 grants20233 grants20242 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Ursuline Academy: $25KUrsuline Academy$25KThe American University of Rome: $5KThe American University ofRome$5K

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
URSULINE ACADEMY Wilmington, DEGENERAL & 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

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K202020212022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 14, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS February 10, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS February 2, 2026)
  7. 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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