The Fournier Family Foundation is a private foundation established in 2004 and based in Summit, New Jersey. Operating as a 501(c)(3) organization, it functions as a grantmaking foundation focused on philanthropic giving across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.5M
-21.3% YoY
Annual Giving
$4.9M
+10.0% YoY
Grant Count
12
-50.0% YoY
Avg Grant Size
$408K
+119.9% YoY
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, its grantmaking priorities encompass:
- Education
- Health and diseases/conditions
- Human services
- Philanthropy and voluntarism
Grantmaking
The foundation demonstrates substantial grantmaking activity. Recent grant awards have ranged from $100,000 to $4.4 million, with notable recent grants including:
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple U.S. states, with particular concentration in:
- New Jersey
- New York
- Virginia
Additional funding extends to organizations in California, Connecticut, Delaware, Florida, Maryland, Massachusetts, Montana, New Mexico, Ohio, Pennsylvania, Texas, Washington, and other states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $14,478,479
- Total Revenues: $1,754,763
- Total Expenses: $6,043,434
- Number of Employees: 0
As of December 2023:
- Total Assets: $18.4 million
- Total Revenues: $2.61 million
- Total Expenses: $5.11 million
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,478,479 | $18,395,332 | $9,984,171 |
| Revenue | $1,754,763 | $2,612,562 | $3,716,189 |
| Expenses | $6,043,434 | $5,109,085 | $3,790,158 |
| Qualifying Distributions | $4,899,172 | $4,455,226 | $3,336,500 |
| Net Investment Income | $29,116 | $269,661 | $545,372 |
| Distributable Amount | $992,265 | $1,081,398 | $745,444 |
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
114 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Alan P. Fournier — President
Jennifer L. Fournier — Secretary-Treasurer
Both serve without compensation. Alan Fournier is the founder of Pennant Capital Management, a hedge fund established in 2001 that manages approximately $6 billion in assets. He holds a B.S. in engineering from Wentworth Institute of Technology (1983) and previously held positions at Sanford C. Bernstein and Appaloosa Management.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALAN P FOURNIER | PRESIDENT | 8 | — |
| JENNIFER L FOURNIER | SECRETARY-TREASURER | 8 | — |
| ABIGAIL L FOURNIER | TRUSTEE | 1 | — |
| ELIZABETH B FOURNIER | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported ovarian cancer research through the Geri Fournier Ovarian Cancer Research Grant program, with grants awarded in both 2023 and 2024. This initiative appears connected to the foundation's broader health and medical research funding priorities.
2024 Geri Fournier Ovarian Cancer Research Grant / MiocaContact Information
Address: 535 Springfield Avenue, Suite 120, Summit, NJ 07901-2631
Telephone: 908-516-5800
EIN: 20-2015176
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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