The Forman S Acton Educational Foundation is a private foundation established in October 2014 to advance educational opportunities for Salem's youth. Based in Salem, New Jersey, the foundation operates with a staff of 4 employees and focuses on removing barriers to education for students in the Salem City School District.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.2M
-23.9% YoY
Grant Count
57
-3.4% YoY
Avg Grant Size
$22K
-21.2% YoY
Mission & Focus Areas
The foundation's mission is to inspire, educate and empower Salem's youth through financial assistance and inspirational support that creates pathways for students to advance their education, achieve career success and become global leaders.
Primary program areas include:
Educational Support Programs
- Grants to fund educational enhancing activities for preschool, elementary, middle and high school students living in or attending public school in Salem City, NJ
- Emergency financial assistance for students demonstrating financial need
Acorn Fund
- Free college savings accounts for every child living in or attending public school in Salem City
Forman Scholars Program
- College scholarships of $50,000 awarded to select cohorts of Salem students
- College deposit funding for students entering their freshman year
Scholarships & College Preparation
- Scholarships awarded to high school seniors
- Funding for college savings accounts for all Salem City students
Grantmaking
The foundation made 27 grants in the most recent tax year. Grant amounts typically range from $16 to $1,100,000. In 2024, total giving was $1,235,798.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily focused on Salem City, New Jersey, with some activity in Pennsylvania and Maryland.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $38,988,556
- Total revenues: $3,870,757
- Total expenses: $2,436,132
- Total giving: $1,235,798
| 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 10 recipients in 2024
Grant Size Distribution
198 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Foundation of South Jersey ($669,050), Salem Community College ($87,958), Rowan University ($63,532).
| Recipient | Purpose | Amount |
|---|---|---|
| ALVERNIA UNIVERSITY READING, PA | THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. | $1,117 |
| AMAZON SEATTLE, WA | THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. | $2,540 |
| APPLE CUPERTINO, CA | THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. | $8,073 |
| BEST BUY RICHFIELD, MN | THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. | $1,418 |
| BLOOMSBURG UNIVERSITY BLOOMSBURG, PA | THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. | $6,792 |
| BOWIE STATE UNIVERSITY BOWIE, MD | THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. | $515 |
| CENGAGE LEARNING BOSTON, MA | THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. | $110 |
| COLLEGE RETENTION FUND SALEM, NJ | THIS GRANT IS AWARDED TO HELP CURRENT COLLEGE STUDENTS STAY IN SCHOOL AND FINISH THEIR DEGREE. STUDENTS MUST BE ELIGIBLE AND HAVE A 2.5 GPA TO QUALIFY. | $18,280 |
| COMMUNITY FOUNDATION OF SOUTH JERSEY HADDONFIELD, NJ | GRANT TO THE ACORN FUND ACCOUNTS FOR THE COLLEGE SAVINGS PROGRAM | $669,050 |
| COPPIN STATE UNIVERSITY BALTIMORE, MD | THIS GRANT IS AWARDED TO HELP CURRENT COLLEGE STUDENTS STAY IN SCHOOL AND FINISH THEIR DEGREE. STUDENTS MUST BE ELIGIBLE AND HAVE A 2.5 GPA TO QUALIFY. | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURENCE VAN METER | EMERITUS TRUSTEE | 2 | — |
| KORTNEY SWANSON DAVIS | PRESIDENT & COO | 40 | $258,703 |
| DARRELL EDMONDS | CHAIR (6/22 - PRESENT) | 2 | — |
| JANELLE ALEXANDER | SECRETARY | 2 | — |
| STEVE BURNS | TREASURER | 2 | — |
| EVELYN CAMPBELL | TRUSTEE | 2 | — |
| JACKIE EDWARDS | TRUSTEE | 2 | — |
| STEVE WADDINGTON | TRUSTEE | 2 | — |
| MIKE GORMAN | TRUSTEE | 2 | — |
| MELISSA LITWIN | TRUSTEE | 2 | — |
| JOHN MULHORN | TRUSTEE | 2 | — |
| RICK WILSON | TRUSTEE | 2 | — |
Recent Activity
Recent developments and announcements
The foundation celebrated its 10-year anniversary on October 3, 2024, marking a decade of impact and inspiration in Salem. The foundation continues to announce annual cohorts of Forman Scholars, with classes introduced in 2023, 2024, and 2025.
Introducing the 2025 Class of Forman Scholars \u2014 Forman Acton FoundationSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Forman S Acton Educational fund?
The foundation's mission is to inspire, educate and empower Salem's youth through financial assistance and inspirational support that creates pathways for students to advance their education, achieve career success and become global leaders. Primary program areas include: **Educational Support Programs** • Grants to fund educational enhancing activities for preschool, elementary, middle and high school students living in or attending public school in Salem City, NJ • Emergency financial assista…
How do I apply for a grant from The Forman S Acton Educational?
The foundation made 27 grants in the most recent tax year. Grant amounts typically range from $16 to $1,100,000. In 2024, total giving was $1,235,798. The foundation has supported organizations including the Community Foundation of South Jersey and One Village Alliance.
Where does The Forman S Acton Educational make grants?
The foundation's grantmaking is primarily focused on Salem City, New Jersey, with some activity in Pennsylvania and Maryland.
What size grants does The Forman S Acton Educational award?
In 2024, The Forman S Acton Educational awarded 57 grants totaling $1.2M — an average of about $22K per grant, based on its IRS Form 990 filings.
What is The Forman S Acton Educational's EIN?
The Forman S Acton Educational's EIN (Employer Identification Number) is 47-1997891. IRS Form 990 filing data is available on this page for 2018–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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