The Future Standard Foundation is the philanthropic arm of Future Standard, a private markets investment firm based in Philadelphia, Pennsylvania. The foundation operates as an independent 501(c)(3) organization dedicated to advancing equitable opportunity across the communities where Future Standard operates.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$86K
+1180.7% YoY
Annual Giving
$815K
+4.2% YoY
Grant Count
138
+146.4% YoY
Avg Grant Size
$6K
-57.7% YoY
Mission & Focus Areas
The foundation believes that leadership is multifaceted and gives back to communities through volunteerism, charitable support, and nonprofit board service. The organization focuses on incubating emerging organizations that are advancing a more just and equitable future.
Grantmaking
The foundation supports employee giving and charitable contributions to qualifying 501(c)(3) organizations through a one-to-one matching program. In the most recent reporting period, employees made 50 matched donations.
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Geographic Focus
Where this funder awards grants
The foundation's primary geographic focus is Philadelphia, Pennsylvania and the communities where Future Standard operates.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Future Standard, the parent organization, manages $93 billion in assets under management as of December 31, 2025.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $86,457 | $6,751 | $142,371 |
| Revenue | $882,927 | $770,000 | $789,000 |
| Expenses | $819,065 | $782,320 | $800,786 |
| Qualifying Distributions | $815,446 | $782,320 | $677,487 |
| Net Investment Income | — | — | — |
| Distributable Amount | $3,051 | $4,020 | $2,411 |
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
250 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
Laura Sparks serves as Chief Corporate Affairs Officer and President of the Future Standard Foundation. In her role as President, she works to advance equitable opportunity across the firm's communities through civic engagement, philanthropy, and employee engagement initiatives. Sparks brings extensive experience from previous roles in financial services and civic leadership, including positions at Citi, Goldman Sachs, and UBS, as well as service as Executive Director of a major private foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL FORMAN | CHAIRMAN | 0.5 | — |
| MICHAEL GERBER | PRESIDENT (END 2024) | 0.5 | — |
| LAURA SPARKS | PRESIDENT (BEG 2024) | 0.5 | — |
| STEPHEN SYPHERD | SECRETARY | 0.5 | — |
| PHIL BROWNE | TREASURER | 0.5 | — |
Contact Information
Address: 201 Rouse Boulevard, Philadelphia, PA 19112-1902
Telephone: 215-495-1150
EIN: 46-4111956
Subject Areas
Focus areas based on grantmaking activity
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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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