The Forman Family Foundation
The Forman Family Foundation is a private foundation based in Philadelphia, Pennsylvania, designated as a 501(c)(3) organization. The foundation was established in 2014 and operates as a philanthropic grantmaking entity with significant assets supporting nonprofit organizations across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$475K
-75.7% YoY
Grant Count
7
-46.2% YoY
Avg Grant Size
$68K
-54.8% YoY
Mission & Focus Areas
The foundation does not specify particular subject areas of focus in its public records. However, grant activity indicates support for arts and culture initiatives, education, and community development projects.
Grantmaking
The Forman Family Fund (a Designated Fund of the Philadelphia Foundation) supports Greater Philadelphia nonprofits serving young people aged 11-18 with in-school or out-of-school-time programs in:
Average Grant
amount: Varies by initiative
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Geographic Focus
Where this funder awards grants
The foundation supports various cities and states across the United States, including:
- Cities: Hartsdale, Lancaster, New York, Philadelphia, Sag Harbor, San Francisco, St. Louis, West Conshohocken, and Wynnewood
- States: California, Missouri, New York, and Pennsylvania
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $48,460,122
- Total Revenue: $2,445,200
- Total Expenses: $2,179,496
- Total Liabilities: $123,000
- Number of Employees: 0
Tax-Exempt Status: Tax-exempt since July 2014 (EIN: 38-7106076)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
120 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
- Michael C. Forman – Trustee and supporter
- Jennifer S. Rice – Trustee
- Thomas Trala – Treasurer/Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS TRALA | TREASURER/SECRETARY/CFO | 3.5 | $42,569 |
| LAURA SPARKS | PRESIDENT | 2 | $40,328 |
| MICHAEL C FORMAN | TRUSTEE | 1 | — |
| JENNIFER S RICE | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation is associated with related initiatives including the Forman Arts Initiative and the Forman Acton Foundation, which have announced grant recipients and scholarship classes in recent years. The Forman Family Fund continues to accept applications for arts education programs supporting youth in the Greater Philadelphia region.
The Forman Acton Foundation Proudly Announces 2023 Class of Forman Scholars\Contact Information
- Address: 201 Rouse Blvd, Philadelphia, PA 19112-1902
- Telephone: 215-495-1160
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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