The Furtherance Fund Inc
The Furtherance Fund Inc is a corporate foundation based in New York, NY. The organization is also known as Davidson Dawson and Clark, a trusts and estates firm in the New York metropolitan area that provides wealth transfer, tax planning, and philanthropy services to clients.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
-0.7% YoY
Annual Giving
$370K
-96.8% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$53K
-99.5% YoY
Mission & Focus Areas
The Furtherance Fund operates as a corporate foundation with a primary focus on general support grantmaking. The foundation provides funds to support charitable purposes across multiple sectors including education, land preservation, and community initiatives.
Grantmaking
The foundation made three grants in 2024:
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Geographic Focus
Where this funder awards grants
The foundation funds organizations in the New York region and beyond, with recent grants supporting institutions in Connecticut and upstate New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,791,447
- Total Revenues: $378,280
- Total Expenses: $410,355
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,791,447 | $4,823,522 | $8,975,569 |
| Revenue | $378,280 | $798,988 | $723,052 |
| Expenses | $410,355 | $11,497,957 | $652,072 |
| Qualifying Distributions | $395,667 | $11,480,027 | $631,627 |
| Net Investment Income | $239,754 | $626,140 | $550,900 |
| Distributable Amount | $304,862 | $756,558 | $830,291 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT M OLMSTED DECEASED | PRES./ TREAS. | 1 | — |
| ANDREW L TANSEY | SECRETARY | 0.5 | — |
| KATHARINE H OLMSTED | MEMBER | 0.5 | — |
| ALEXANDRA M OLMSTED | MEMBER | 0.5 | — |
| JAMES F KELLY | VICE PRESIDENT | 0.5 | — |
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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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