The Forth Foundation
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.
The Forth Foundation at a glance
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.
- Annual giving (2025)
- $1,074,037
- -11.2% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $358,012
- -11.2% vs 2024
- Median grant
- $30,000
- Total assets
- $2,793,183
- -23.1% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Forth Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
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
The most common grant size was under $50K: 7 grants of 14 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2018 to 2025, annual grant giving ranged from $58K (2021) to $1.2M (2024). In 2025 it made 3 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan Kettering New York, NY | General Support | $1,014,037 |
| Southampton Playhouse Inc New York, NY | General Support | $30,000 |
| The Graduate Center Foundation Inc New York, NY | General Support | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,793,183 | $112,920 | $1,096,840 | $1,074,037 | 3 | $1,087,438 | $103,518 | $141,243 |
| 2024 | $3,632,874 | $2,267,560 | $1,223,500 | $1,209,738 | 3 | $1,214,895 | $537,705 | $183,571 |
| 2023 | $2,686,616 | $47,555 | $346,560 | $331,812 | 2 | $337,465 | $38,460 | $140,742 |
| 2022 | $2,937,533 | $29,452 | $567,048 | $525,128 | 3 | $561,393 | $23,797 | $165,136 |
| 2021 | $3,840,564 | $6,107,554 | $64,947 | $58,000 | 3 | $61,147 | $2,477,938 | $20,167 |
| 2020 | $319,560 | — | $12,125 | — | — | — | — | $16,023 |
| 2019 | $331,685 | — | $2,853 | — | — | — | — | $16,371 |
| 2018 | $334,538 | — | $113,119 | $107,500 | 2 | — | — | $18,763 |
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.
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.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2018 (received by the IRS August 29, 2019)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 29, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 14, 2022)
Live grants for the work The Forth Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Forth Foundation's focus areas in our free grants database
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