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.
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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
Among its reported 2024 grants, the largest include Marys Meals Usa Inc ($3,350,000), Children's Scholarship Fund ($2,818,000), Spence-chapin Services to Families and Children ($872,630).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVENTURES IN LEARNING MANHASSET, NY | GENERAL EXEMPT PURPOSE | $697,000 |
| AFRICAN LEADERSHIP FOUNDATION NEW YORK, NY | GENERAL EXEMPT PURPOSE | $820,000 |
| AUSTRALIAN INDIGENOUS EDUCATION FOUNDATION | GENERAL EXEMPT PURPOSE | $353,500 |
| BREAKTHROUGH NEW YORK NEW YORK, NY | GENERAL EXEMPT PURPOSE | $250,000 |
| CATHOLIC ACADEMY OF BRIDGEPORT BRIDGEPORT, CT | GENERAL EXEMPT PURPOSE | $70,000 |
| CATHOLIC CHARITIES OF FAIRFIELD COUNTY INC BRIDGEPORT, CT | GENERAL EXEMPT PURPOSE | $94,000 |
| CHILDCARE RESOURCES OF INDIAN RIVER INC VERO BEACH, FL | GENERAL EXEMPT PURPOSE | $276,326 |
| CHILDREN FIRST FOUNDATION | GENERAL EXEMPT PURPOSE | $182,737 |
| CHILDREN'S SCHOLARSHIP FUND NEW YORK, NY | GENERAL EXEMPT PURPOSE | $2,818,000 |
| CROSSOVER MISSION VERO BEACH, FL | GENERAL EXEMPT PURPOSE | $684,000 |
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
Frequently Asked Questions
What does The Theodore J Forstmann Charitable Tr fund?
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.
How do I apply for a grant from The Theodore J Forstmann Charitable Tr?
**Grant Activity & Amounts:** • Total giving: $17,080,226 (most recent fiscal year) • Typical award range: $10,000 to $3,350,000 • Made 32 grants in the most recent year **Recent Notable Grants:** • Mary's Meals USA: $3,350,000 • Children's Scholarship Fund: $2,818,000 • Spence-Chapin Services To Families and Children: $872,630 The trust demonstrates significant grantmaking capacity with substantial awards to established nonprofit organizations across multiple sectors.
Where does The Theodore J Forstmann Charitable Tr make 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.
What size grants does The Theodore J Forstmann Charitable Tr award?
In 2024, The Theodore J Forstmann Charitable Tr awarded 37 grants totaling $17.1M — an average of about $462K per grant, based on its IRS Form 990 filings.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Theodore J Forstmann Charitable Tr'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.