The Forman Foundation
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$479K
+3.1% YoY
Annual Giving
$27K
-6.8% YoY
Grant Count
8
-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
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 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 |
| Birmingham Museum of Art Birmingham, AL | To support organization | $1,000 |
| Independent Presbyterian Church Birmingham, AL | To support organization | $5,660 |
| Mountain Brook City Schools Foundation Birmingham, AL | To support organization | $660 |
| Rotary Club Foundation Birmingham, AL | To support organization | $2,500 |
| St Michael & All Angels Episcopal Church Dallas, TX | To support organization | $4,660 |
| YWCA Birmingham, AL | To support organization | $1,500 |
| Friends of the Children - Texas Austin, TX | To support organization | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
What is The Forman Foundation's EIN?
The Forman Foundation's EIN (Employer Identification Number) is 58-2045009. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Forman Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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