Theodore J Forstmann Charitable Trust

The information for Theodore J Forstmann Charitable Trust is as of the organization's most recent filing in December '21. This organization is located in New York, NY. It has been in existence for 6 years, following its founding in 2015.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Theodore J Forstmann Charitable Trust is classified under the NTEE code T22, which falls under the major classification of Philanthropy, Voluntarism & Grantmaking Foundations. The organization is further classified as a Private Independent Foundation. Private Independent Foundations are focused primarily on grantmaking and do not actively raise funds or seek public financial support. They are typically endowed by a single individual or family and are considered family foundations if relatives or the original donor are still involved in the foundation's operations. The organization is also governed by section code 3, which includes Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals Organizations.

Grant History

Our dataset includes four years of grant history for the Theodore J Forstmann Charitable Trust. Over the course of these four years, they have awarded a total of 133 grants, with an average check size of $512,390. On average, the organization awards 33 grants each year. The majority of these grants were awarded in the Education sector, with a total of 28 grants. Additionally, they have awarded grants in the Human Services sector (23) and Recreation & Sports sector (9). In terms of geographical distribution, the organization has awarded the highest number of grants in New York (61), followed by California (17), Florida (11), and Connecticut (9). They have also awarded grants in several other states, including New Hampshire, Ohio, Arizona, South Dakota, Vermont, Massachusetts, and New Jersey.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $610,913
Net Rental Income$0
Net Gain on Sale of Assets $4,697
Capital Gain Net Income $4,697
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $58,600
Total Revenue $674,210

Grants Awarded

Over the last fiscal year, Theodore J Forstmann Charitable Trust has awarded $16,325,255 in support to 36 organizations.

Grant RecipientAmount

CHILDREN'S SCHOLARSHIP FUND

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL EXEMPT PURPOSE

$4,937,500

A PLACE CALLED HOME

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: GENERAL EXEMPT PURPOSE

$1,959,790

MARYS MEALS USA INC

Org PageRecipient Profile

Bloomfield, NJ

PURPOSE: GENERAL EXEMPT PURPOSE

$1,333,334

CROSSOVER MISSION

Org PageRecipient Profile

Vero Beach, FL

PURPOSE: GENERAL EXEMPT PURPOSE

$700,000

RED CLOUD INDIAN SCHOOL

Org PageRecipient Profile

Pine Ridge, SD

PURPOSE: GENERAL EXEMPT PURPOSE

$630,000

UNITED FRIENDS OF THE CHILDREN

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: GENERAL EXEMPT PURPOSE

$500,000
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Peer Organizations

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