The Theodore J Forstmann Charitable Tr
The Theodore J Forstmann Charitable Trust is a private foundation based in New York City, located at 1271 Avenue of The Americas, Floor 42. Established in 2015 and granted tax-exempt status in March 2015, the trust operates as an independent foundation focused on philanthropic grantmaking across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$17.1M
-10.8% YoY
Grant Count
37
-9.8% YoY
Avg Grant Size
$462K
-1.2% YoY
Mission & Focus Areas
The trust does not specify a formal mission statement. However, its grantmaking demonstrates a broad philanthropic focus across multiple areas including:
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
- Reproductive Health
The trust maintains a diverse funding approach without limiting itself to particular subject areas, indicating a wide-ranging philanthropic scope.
Grantmaking
The trust demonstrates significant grantmaking capacity with substantial awards to established nonprofit organizations across multiple sectors.
Ready to take the next step with The Theodore J Forstmann Charitable Tr?
Geographic Focus
Where this funder awards grants
The trust supports a wide range of locations across the United States, including:
- Arizona
- California
- Florida
- Massachusetts
- Minnesota
- New Jersey
- New York
- South Dakota
The trust also supports international locations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $25,435,481
- Total Revenues: $1,800,466
- Total Expenses: $17,365,402
- Number of Employees: 0
Prior Year Data (2023):
- Total Assets: $41,000,000 (reported as $41M)
- Total Revenues: $703,020
- Total Expenses: $19,969,248
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
187 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
Trustees:
- Margot McGinness (Co-Trustee)
- Kathleen Broderick (Co-Trustee)
- Merileen Letzter (Trustee)
- Bessemer Trust Company NA (Co-Trustee, receives compensation for services)
Staff:
- Courtney O'Malley (Executive Director)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGOT MCGINNESS | CO-TRUSTEE | 12 | — |
| KATHLEEN BRODERICK | CO-TRUSTEE | 12 | — |
| BESSEMER TRUST COMPANY NA | CO-TRUSTEE | 40 | $47,439 |
Contact Information
Phone: 516-508-9623
Address: 1271 Avenue of The Americas, Floor 42, New York City, NY 10020-1401
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
58
Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Theodore J Forstmann Charitable Tr on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities