The Furtherance Fund Inc

NEW YORK, NY EIN: 13-6195082

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Massachusetts $11.8M (90%)

Connecticut $480K (4%)

New York $205K (2%)

Pennsylvania $170K (1%)

New Jersey $145K (1%)

Colorado $100K (1%)

Virginia $100K (1%)

Tennessee $25K (0%)

+2 more states

States

California Colorado Connecticut Massachusetts Missouri New Jersey New York Pennsylvania Tennessee Virginia

Cities

ArlingtonBostonBoulderBronxBrooklineChelseaConcordKeeneLudlowMemphisNew YorkPomfretPrincetonSan FranciscoSt Louis

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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?

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.