Forward Current Foundation Inc
Forward Current Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available for 2023. As of 2023, the organization holds $125K in total assets. In 2023, it awarded 3 grants totaling $60K. Net investment income was $3K.
Forward Current Foundation Inc at a glance
In short: Forward Current Foundation Inc gave $60K across 3 grants in 2023 (avg $20K), mostly in New York. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $60,000
- Grants made (2023)
- 3
- Average grant
- $20,000
- Median grant
- $20,000
- Total assets
- $124,907
- Primary geography
- New York (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Forward Current Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
The largest 2023 recipient was Coalition for the Homeless ($20K). Together the top 3 received $60K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 3 itemized grants.
States
Cities
How Forward Current Foundation Inc gives
- In 2023 it paid out 960% 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
In 2023 it made 3 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Coalition for the Homeless New York, NY | Aid and Assistance to the Homeless | $20,000 |
| Peconic Land Trust Southhampton, NY | Farm & Open Space Preservation | $20,000 |
| Planned Parenthood Federation New York, NY | Family Planning Services | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $124,907 | $2,769 | $60,175 | $60,000 | 3 | $60,175 | $2,769 | $6,266 |
Under IRS private-foundation payout rules, Forward Current Foundation Inc reported a distributable amount of $6K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Forward Current Foundation Inc is led by L. Benjamin Pomeroy, President on the 2023 filing; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
L. Benjamin Pomeroy
President
New on the 2023 filing
3 hrs/week
No compensation reported
Helen M. Pomeroy
Treasurer
New on the 2023 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023. "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 Forward Current Foundation Inc
How much does Forward Current Foundation Inc give each year?
Forward Current Foundation Inc gave $60K across 3 grants in 2023, according to its 2023 IRS Form 990-PF.
What is Forward Current Foundation Inc's typical grant size?
Forward Current Foundation Inc's median grant in 2023 was $20,000, and its average grant was $20,000, across 3 grants on its 2023 IRS Form 990-PF.
Where does Forward Current Foundation Inc give grants?
Forward Current Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (2 grants).
Does Forward Current Foundation Inc give general operating support?
Not in 2023: none of the 3 grants with a stated purpose on Forward Current Foundation Inc's 2023 IRS Form 990-PF were described as general or operating support.
How large is Forward Current Foundation Inc?
Forward Current Foundation Inc reported $125K in total assets on its 2023 IRS Form 990-PF. It paid out $60K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
What is Forward Current Foundation Inc's EIN?
Forward Current Foundation Inc's EIN (Employer Identification Number) is 61-1628036. IRS Form 990 filing data is available on this page for 2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2023
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