The Forman Foundation

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.

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 $108K (75%)

Texas $32K (22%)

Virginia $2K (1%)

North Carolina $2K (1%)

Florida $750 (1%)

Colorado $500 (0%)

West Virginia $150 (0%)

States

Alabama Colorado Florida North Carolina Texas Virginia West Virginia

Cities

AustinBirminghamCashiersCharlestonDallasFort LauderdaleGlenvilleLexingtonLittletonMountain Brook

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

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.