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EIN 38-7106076

The Forman Family Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Philadelphia
State
Pennsylvania
Year formed
2014
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Forman Family Foundation is a private foundation that supported 27 grants last year. The foundation is located in Philadelphia, PA and its grantees include the Philadelphia Museum of Art. The foundation is supported by Michael Forman.
Also known as...
Michael Forman and Jennifer Rice Ttee
Total revenues
$2,386,977
2022
Total expenses
$8,948,874
2022
Total assets
$46,793,519
2022
Num. employees
n/a

Program areas at The Forman Family Foundation

Reimbursement of funds connected to self-dealing

Grants made by The Forman Family Foundation

GranteeGrant descriptionAmount
Forman Arts InitiativeGrant To Fai for Art Purchase$5,460,000
Forman Arts InitiativeGrant To Fai for Building Purchases for Future Museum$717,500
Philadelphia Museum of ArtEndowment Support of It Starts Here:campaign for the Philadelphia Museum of Art (Installment 5of 5)$500,000
...and 28 more grants made totalling $8,326,788

Personnel at The Forman Family Foundation

NameTitleCompensation
Thomas TralaTreasurer and Secretary$37,855
Michael FormanTrustee$0

Financials for The Forman Family Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,990,000
Investment income and dividends$315,276
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$81,701
Total revenues$2,386,977

Form 990s for The Forman Family Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-15990PFView PDF
2020-122023-02-06990PFView PDF
2020-122022-01-31990PFView PDF
2019-122021-06-14990PFView PDF
...and 6 more Form 990s
Data update history
January 18, 2024
Posted financials
Added Form 990PF for fiscal year 2022
June 18, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2021
May 26, 2023
Updated personnel
Identified 1 new personnel
May 20, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsState / local levelTax deductible donations
General information
Address
201 Rouse Blvd
Philadelphia, PA 19112
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Phone
(215) 495-1160
IRS details
EIN
38-7106076
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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