The Theodore J Forstmann Charitable Tr
The Theodore J Forstmann Charitable Tr is a private foundation based in New York, NY. It made 29 grants totaling $10,222,211 in filing year 2025, supporting organizations whose work includes education, services for children and families, and youth development.
The Theodore J Forstmann Charitable Tr at a glance
In short: The Theodore J Forstmann Charitable Tr gave $10.2M across 29 grants in 2025 (avg $352K), top state New York. 21% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,222,211
- -40.2% vs 2024
- Grants made (2025)
- 29
- -21.6% vs 2024
- Average grant
- $352,490
- -23.6% vs 2024
- Median grant
- $250,000
- Total assets
- $15,754,004
- -38.1% vs 2024
- New grantees (estimate)
- 21% first-time grantees (6 of 29, 2025)
- Primary geography
- New York (46% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Theodore J Forstmann Charitable Tr
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1271 Ave Of The Americas 42 Fl, New York, NY 10020
Phone: (516) 508-9623
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Theodore J Forstmann Charitable Tr funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was The Pasadena Waldorf School ($1.6M). Together the top 10 received $7.1M.
Grant Size Distribution
184 grants across all recorded years
The most common grant size was in the $100–250K range: 47 grants of 184 (26%).
Geographic Focus
Where this funder awards grants
In 2025, 46% of grant dollars went to recipients in New York and 23% to recipients in California. Florida accounted for 9% and Connecticut for 3%; the filing data also lists 15% under an unspecified state category. The listed grants include recipients in New York, California, and Florida, as well as organizations whose locations are not provided.
Grant Distribution by State
Share of 2025 grant dollars across all 29 itemized grants.
States
Cities
Is The Theodore J Forstmann Charitable Tr open to new grantees?
21%
first-time grantees, 2025
In 2025, 6 of 29 grantees (21%) were first-time recipients. First grants averaged $198K; repeat grants $393K. How we count
Medians: $228K first-time, $250K repeat.
- 66% of 2025 grantees were also funded in 2024. Method
- Giving fell 46% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10.2M (2025) to $19.2M (2023). In 2025 it made 29 grants totaling $10.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Pasadena Waldorf School Altadena, CA | General Exempt Purpose | $1,550,000 |
| Spence-Chapin Services to Families and Children New York, NY | General Exempt Purpose | $1,296,842 |
| New Alternatives for Children New York, NY | General Exempt Purpose | $1,000,000 |
| Children's Scholarship Fund New York, NY | General Exempt Purpose | $794,400 |
| Australian Indigenous Education Foundation | General Exempt Purpose | $672,000 |
| Sisters of Life Suffern, NY | General Exempt Purpose | $500,000 |
| Homeless Children's Foundation of Indian River County Indian River Shores, FL | General Exempt Purpose | $355,714 |
| The Bridge Golf Foundation New York, NY | General Exempt Purpose | $350,000 |
| Dunatos Remedial School | General Exempt Purpose | $310,000 |
| Crossover Mission Vero Beach, FL | General Exempt Purpose | $300,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $15,754,004 | $831,063 | $10,512,540 | $10,222,211 | 29 | $10,443,565 | $792,088 | $972,141 |
| 2024 | $25,435,481 | $1,800,466 | $17,365,402 | $17,080,226 | 37 | $17,263,940 | $1,708,137 | $1,526,391 |
| 2023 | $41,000,417 | $703,020 | $19,969,248 | $19,155,520 | 41 | $19,792,295 | $599,401 | $2,520,136 |
| 2022 | $60,266,645 | $143,751 | $19,693,477 | $18,954,745 | 41 | $19,501,388 | — | $3,365,019 |
| 2021 | $79,816,371 | $674,210 | $17,161,338 | $16,325,255 | 36 | $16,888,907 | $362,979 | $4,264,660 |
| 2020 | $96,303,499 | $2,280,640 | $15,654,123 | $14,684,859 | 32 | — | $1,900,632 | $5,171,851 |
Under IRS private-foundation payout rules, The Theodore J Forstmann Charitable Tr reported a distributable amount of $972K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No formal mission statement for the foundation is provided in the available information. Its 2025 grants show support for organizations working in areas including education, child and family services, and youth development.
Among its grantees, Spence-Chapin Services to Families and Children describes its mission as finding loving families for children and providing counseling and support to children and families. New Alternatives for Children says it supports birth, foster, and adoptive families caring primarily for medically complex children. The Bridge Golf Foundation says it uses golf to improve life outcomes for young men of color. School on Wheels says it enhances educational opportunities for children experiencing homelessness, and Crossover Mission describes its work as mentoring and tutoring at-risk youth and providing athletic training. Young Eisner Scholars says it promotes equal opportunity for talented students from low-income communities.
Grantmaking
In filing year 2025, the foundation awarded 29 grants totaling $10,222,211. Grants ranged from $50,000 to $1,550,000, with a median grant of $250,000.
The largest listed awards included $1,550,000 to The Pasadena Waldorf School, $1,296,842 to Spence-Chapin Services to Families and Children, $1,000,000 to New Alternatives for Children, and $794,400 to Children’s Scholarship Fund. Other notable awards were $672,000 to Australian Indigenous Education Foundation, $500,000 to Sisters of Life, and $355,714 to Homeless Children’s Foundation of Indian River County.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Margot McGinness, Kathleen Broderick, and Bessemer Trust Company NA as co-trustees.
The Theodore J Forstmann Charitable Tr's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Bessemer Trust Company NA
Co-Trustee
On filings since 2020
40 hrs/week
$106K (2020) → $35K (2025)
Kathleen Broderick
Co-Trustee
On filings since 2020
12 hrs/week
No compensation reported
Margot McGinness
Co-Trustee
On filings since 2020
12 hrs/week
No compensation reported
Former officers (1)
- Former: Courtney O'Malley (2020–2023) — Executive Director to Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $35K, to Bessemer Trust Company NA (Co-Trustee).
Frequently asked questions about The Theodore J Forstmann Charitable Tr
How much does The Theodore J Forstmann Charitable Tr give each year?
The Theodore J Forstmann Charitable Tr gave $10.2M across 29 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17.1M across 37 grants.
What is The Theodore J Forstmann Charitable Tr's typical grant size?
The Theodore J Forstmann Charitable Tr's median grant in 2025 was $250,000, and its average grant was $352,490, across 29 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Theodore J Forstmann Charitable Tr that year got $198K on average.
Where does The Theodore J Forstmann Charitable Tr give grants?
The Theodore J Forstmann Charitable Tr's top state is New York, with 46% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (23%) and Florida (9%). The most frequent recipient cities were New York, NY (5 grants), Vero Beach, FL (3 grants), Los Angeles, CA (2 grants) and Bronx, NY (2 grants).
Does The Theodore J Forstmann Charitable Tr give general operating support?
Yes: 100% of The Theodore J Forstmann Charitable Tr's 2025 grants with a stated purpose (29 of 29) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Theodore J Forstmann Charitable Tr's largest grantees?
The Theodore J Forstmann Charitable Tr's largest 2025 grantees include The Pasadena Waldorf School ($1,550,000), Spence-Chapin Services to Families and Children ($1,296,842) and New Alternatives for Children ($1,000,000), according to its 2025 IRS Form 990-PF. Together they received 38% of its itemized 2025 grant dollars.
How large is The Theodore J Forstmann Charitable Tr?
The Theodore J Forstmann Charitable Tr reported $15.8M in total assets on its 2025 IRS Form 990-PF. It paid out $10.4M in qualifying distributions that year, against a required minimum of $972K (roughly 5% of its investment assets).
What does The Theodore J Forstmann Charitable Tr fund?
No formal mission statement for the foundation is provided in the available information. Its 2025 grants show support for organizations working in areas including education, child and family services, and youth development. See mission & focus areas ↑
How do I apply for a grant from The Theodore J Forstmann Charitable Tr?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Theodore J Forstmann Charitable Tr's EIN?
The Theodore J Forstmann Charitable Tr's EIN (Employer Identification Number) is 47-1716810. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Theodore J Forstmann Charitable Tr accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 22, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Theodore J Forstmann Charitable Tr funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/the-theodore-j-forstmann-charitable-tr-morg_1c3fd5d8ecf24108a8b6b15e689286fc
BibTeX
@misc{grantable_471716810_2026,
author = {{Grantable}},
title = {{The Theodore J Forstmann Charitable Tr funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-theodore-j-forstmann-charitable-tr-morg_1c3fd5d8ecf24108a8b6b15e689286fc},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Theodore J Forstmann Charitable Tr's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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