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
Under IRS private-foundation payout rules, The Furtherance Fund Inc reported a distributable amount of $305K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Pomfret School ($150,000), Princeton University ($80,000), Olmsted Manor Retreat Center ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADIRONDACK LAND TRUST INC KEENE, NY | LAND PRESERVATION | $25,000 |
| OLMSTED MANOR RETREAT CENTER LUDLOW, PA | RELIGIOUS | $50,000 |
| POMFRET SCHOOL POMFRET, CT | EDUCATIONAL | $150,000 |
| PRINCETON UNIVERSITY PRINCETON, NJ | EDUCATIONAL | $80,000 |
| THE MACDOWELL COLONY NEW YORK, NY | EDUCATIONAL | $30,000 |
| THE NATURE CONSERVANCY-ADIRONDACK CHAPTER ARLINGTON, VA | ADIRONDACK NATURE CONSERVANCY | $25,000 |
| WOODLAWN CONSERVANCY INC BRONX, NY | EDUCATIONAL | $10,000 |
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 | — |
Frequently Asked Questions
What does The Furtherance Fund Inc fund?
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.
How do I apply for a grant from The Furtherance Fund Inc?
The foundation made three grants in 2024: | Grantee | Grant Description | Amount | | --- | --- | --- | | Pomfret School Incorporated | Educational | $150,000 | | Adirondack Land Trust | Land Preservation | $25,000 | | Woodlawn Conservancy | Educational | $10,000 | **Total grants awarded in 2024:** $185,000
Where does The Furtherance Fund Inc make grants?
The foundation funds organizations in the New York region and beyond, with recent grants supporting institutions in Connecticut and upstate New York.
What size grants does The Furtherance Fund Inc award?
In 2024, The Furtherance Fund Inc awarded 7 grants totaling $370K — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is The Furtherance Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Furtherance Fund Inc reported a distributable amount of $305K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Furtherance Fund Inc's EIN?
The Furtherance Fund Inc's EIN (Employer Identification Number) is 13-6195082. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Furtherance Fund Inc's focus areas in our free grants database
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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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