The Forman Foundation

Foundation · Grantmaker Birmingham, AL EIN: 58-2045009

The Forman Foundation is a private foundation, based in Birmingham, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $479K in total assets. In 2024, it awarded 8 grants totaling $27K. Net investment income was $83K.

Key facts about The Forman Foundation

EIN: 58-2045009
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $26,980
Grants made (2024): 8
Average grant: $3,373
Median grant: $2,000
Total assets: $479,485
Primary geography: Alabama (79% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Forman Foundation funds

By grant dollars, the top recipient states for The Forman Foundation's 8 itemized 2024 grants were Alabama (79%) and Texas (21%). The most frequent recipient cities were Birmingham, AL (6 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "To support organization" (8 grants).

How The Forman Foundation gives

Giving held roughly steady from 2021 to 2024 (−4%). Method
In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Forman Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$479K

+3.1% YoY

Annual Giving

$27K

-6.8% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$3K

+86.4% YoY

Under IRS private-foundation payout rules, The Forman Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.

About The Forman Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $21K (79%)

Texas $6K (21%)

Share of all 8 itemized 2024 grant dollars.

States

Alabama Colorado Florida North Carolina Texas Virginia West Virginia

Cities

BirminghamDallasFort LauderdaleCashiersLexingtonMountain BrookAustinCharlestonGlenvilleLittleton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$479,485	$465,063	$414,561
Revenue	$48,889	$85,498	$11,346
Expenses	$34,467	$34,996	$39,449
Qualifying Distributions	$26,980	$28,952	$30,858
Net Investment Income	$82,957	$79,507	$3,793
Distributable Amount	$29,109	$26,984	$29,699

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

65 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Birmingham Botanical Gardens ($10,000), Independent Presbyterian Church ($5,660), St Michael & All Angels Episcopal Church ($4,660).

Recipient	Purpose	Amount
Birmingham Botanical Gardens Birmingham, AL	To support organization	$10,000
Independent Presbyterian Church Birmingham, AL	To support organization	$5,660
St Michael & All Angels Episcopal Church Dallas, TX	To support organization	$4,660
Rotary Club Foundation Birmingham, AL	To support organization	$2,500
YWCA Birmingham, AL	To support organization	$1,500
Birmingham Museum of Art Birmingham, AL	To support organization	$1,000
Friends of the Children - Texas Austin, TX	To support organization	$1,000
Mountain Brook City Schools Foundation Birmingham, AL	To support organization	$660

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
J Ross Forman III	Director	—	—
Dalton Forman Blankenship	Director	—	—
Elizabeth Forman Norwook	Director	—	—

Frequently Asked Questions

How large is The Forman Foundation?

As of 2024, The Forman Foundation holds $479K in total assets with $49K in annual revenue. It awarded 8 grants totaling $27K in 2024.

Where does The Forman Foundation operate?

The Forman Foundation has awarded grants in Alabama, Colorado, Florida, North Carolina, Texas, Virginia, West Virginia.

What size grants does The Forman Foundation award?

In 2024, The Forman Foundation awarded 8 grants totaling $27K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is The Forman Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Forman Foundation reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.