Aaron Forman Trust

Organization Overview

Aaron Forman Trust is located in Galveston, TX. The organization was established in 1981. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aaron Forman Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 10/2022, Aaron Forman Trust generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $45.0k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Frost National Bank
Trustee
$8,506
Doris Pryzant
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $226
Dividends & Interest $20,395
Net Rental Income$0
Net Gain on Sale of Assets $4,441
Capital Gain Net Income $4,441
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,516
Total Revenue $26,578

Grants Awarded

Over the last fiscal year, Aaron Forman Trust has awarded $30,878 in support to 2 organizations.

Grant RecipientAmount

HOUSTON HILLEL INC

PURPOSE: STUDENT ASSISTANCE

$18,878

TEXAS HILLEL FOUNDATION

PURPOSE: STUDENT ASSISTANCE

$12,000
View Grant Profile

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