Forty-One Foundation
Forty-One Foundation is a private foundation, 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.
Forty-One Foundation at a glance
In short: Forty-One Foundation gave $30K across 2 grants in 2025 (avg $15K), mostly in Delaware. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,000
- +300.0% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $15,000
- +500.0% vs 2024
- Median grant
- $15,000
- Total assets
- $317,860
- -5.0% vs 2024
- Primary geography
- Delaware (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Forty-One Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Ursuline Academy ($25K). Together the top 2 received $30K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $8K (2024) to $30K (2021). In 2025 it made 2 grants totaling $30K.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $317,860 | $18,063 | $34,676 | $30,000 | 2 | $30,979 | $14,890 | $18,974 |
| 2024 | $334,473 | $29,520 | $11,673 | $7,500 | 3 | $8,494 | $26,341 | $18,037 |
| 2023 | $316,626 | $10,758 | $19,272 | $15,050 | 3 | $16,117 | $7,603 | $16,601 |
| 2022 | $325,140 | $2,049 | $28,016 | $25,000 | 3 | $25,416 | $3,737 | $17,279 |
| 2021 | $351,107 | $15,068 | $35,925 | $30,250 | 4 | $31,318 | $14,356 | $20,149 |
| 2020 | $371,964 | $20,645 | $24,749 | $20,000 | 4 | — | $43,150 | $17,849 |
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.
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).
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.
Data update history
(7)
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
Live grants for the work Forty-One Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Forty-One Foundation's focus areas in our free grants database
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