The Forth Foundation

Private foundation · Grantmaker New York, NY EIN: 20-5369388

The Forth Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2018 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 3 grants totaling $1.1M. Net investment income was $104K.

Key facts about The Forth Foundation

In short: The Forth Foundation gave $1.1M across 3 grants in 2025 (avg $358K), mostly in New York. Source: 2025 IRS Form 990-PF.

EIN
20-5369388
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,074,037
Grants made (2025)
3
Average grant
$358,012
Median grant
$30,000
Total assets
$2,793,183
Primary geography
New York (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.8M

-23.1% YoY

Annual Giving

$1.1M

-11.2% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$358K

-11.2% YoY

Under IRS private-foundation payout rules, The Forth Foundation reported a distributable amount of $141K for 2025 — the minimum it must pay out in qualifying distributions.

How The Forth Foundation gives

  • Giving grew 105% from 2022 to 2025. Method
  • In 2025 it paid out 770% of its IRS minimum distribution (the 5% rule). Method

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

New YorkWashingtonSouthampton

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M2 grants2018 0 grants2019 0 grants2020 3 grants2021 3 grants2022 2 grants2023 3 grants2024 3 grants2025

From 2018 to 2025, annual grant giving ranged from $58K (2021) to $1.2M (2024). In 2025 it made 3 grants totaling $1.1M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Memorial Sloan Kettering: $1.0MMemorial Sloan Kettering$1.0MSouthampton Playhouse Inc: $30KSouthampton Playhouse Inc$30KThe Graduate Center Foundation Inc: $30KThe Graduate Center FoundationInc$30K

The largest 2025 recipient was Memorial Sloan Kettering ($1.0M). Together the top 3 received $1.1M.

Grant Size Distribution

14 grants across all recorded years

7<$50K1$50–100K3$100–250K1$250–500K1$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 7 grants of 14 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Memorial Sloan Kettering New York, NYGeneral Support$1,014,037
Southampton Playhouse Inc New York, NYGeneral Support$30,000
The Graduate Center Foundation Inc New York, NYGeneral Support$30,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$8M2018 2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,793,183$3,632,874$2,686,616
Revenue$112,920$2,267,560$47,555
Expenses$1,096,840$1,223,500$346,560
Qualifying Distributions$1,087,438$1,214,895$337,465
Net Investment Income$103,518$537,705$38,460
Distributable Amount$141,243$183,571$140,742

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2022 (received by the IRS September 5, 2023)
  2. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
  3. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
  4. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
  5. Added Form 990-PF for fiscal year 2018 (received by the IRS August 29, 2019)
  6. Added Form 990-PF for fiscal year 2019 (received by the IRS April 29, 2020)
  7. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
  8. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 14, 2022)

Leadership & Key People

Officers and directors from IRS filings

The Forth Foundation is led by Hutham S. Olayan, President on every filing since 2018; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Hutham S. Olayan

    President

    On filings since 2018

    No compensation reported

  • Robert F. Raucci

    Vice President

    On filings since 2018

    No compensation reported

  • Robert Schoff

    Treasurer

    On filings since 2024

    No compensation reported

  • Daniel Hottinger

    Secretary

    New on the 2025 filing

    No compensation reported

Former officers (2)
  • Former: Felicia Sterlacci (2018–2024) — Secretary
  • Former: Frank J. Amato (2018–2023) — Treasurer

Data from IRS Form 990 filings, 2018–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Forth Foundation

How much does The Forth Foundation give each year?

The Forth Foundation gave $1.1M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 3 grants.

What is The Forth Foundation's typical grant size?

The Forth Foundation's median grant in 2025 was $30,000, and its average grant was $358,012, across 3 grants on its 2025 IRS Form 990-PF.

Where does The Forth Foundation give grants?

The Forth Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (3 grants).

Does The Forth Foundation give general operating support?

Yes: 100% of The Forth Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is The Forth Foundation?

The Forth Foundation reported $2.8M in total assets on its 2025 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $141K (roughly 5% of its investment assets).

What is The Forth Foundation's EIN?

The Forth Foundation's EIN (Employer Identification Number) is 20-5369388. IRS Form 990 filing data is available on this page for 2018–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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