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Private Foundation · NJ

Forman S Acton Educational Foundation

Greenwich, NJ  ·  EIN 471997891  ·  Website ↗  ·  990s on ProPublica ↗

Assets

$39.0M

Total Giving

$3.9M

Grants on File

157

Average Grant

$25K

Giving Radius

Where Forman S Acton Educational Foundation Has Given

AK — no grants on file AL — $17K across 2 grants AR — no grants on file AZ — no grants on file CA — $12K across 1 grant CO — no grants on file CT — $1K across 1 grant DC — $1K across 2 grants DE — $21K across 4 grants FL — $82K across 10 grants GA — $8K across 2 grants HI — no grants on file IA — no grants on file ID — no grants on file IL — $863 across 2 grants IN — no grants on file KS — no grants on file KY — no grants on file LA — no grants on file MA — $43K across 7 grants MD — $22K across 3 grants ME — no grants on file MI — no grants on file MN — $715 across 1 grant MO — $857 across 1 grant MS — no grants on file MT — no grants on file NC — $8K across 2 grants ND — no grants on file NE — no grants on file NH — $760 across 1 grant NJ — $3.3M across 60 grants NM — no grants on file NV — no grants on file NY — $44K across 10 grants OH — no grants on file OK — no grants on file OR — no grants on file PA — $300K across 43 grants RI — no grants on file SC — no grants on file SD — no grants on file TN — no grants on file TX — $3K across 2 grants UT — no grants on file VA — no grants on file VT — no grants on file WA — $10K across 2 grants WI — $7K across 1 grant WV — no grants on file WY — no grants on file
Historical grants to 102 recipients across 20 states. Top concentrations: HADDONFIELD ($1.9M, 5 grants), Haddonfield ($337K, 3 grants), SALEM ($227K, 8 grants), CARNEYS POINT ($194K, 4 grants), MADISON ($130K, 6 grants).

Section I

How to Apply

The foundation requires the grantee to complete a grant application on a form provided by the foundation. The grant application requires the grantee to identify the purposes of the grant, the problem it is meant to address, the research suggesting the grant will be successful in addressing the problem, and the indicators to be studied to demonstrate success. The application can be submitted to grants@formanscholars.org.

On Unsolicited Proposals yes

Restrictions

All scholarships are paid directly to the college to the account of the student to be used only for the cost of attendance as established by the college and are required to be the last dollars that do not replace other financial aid awards provided to the student.

Section IV

Recent Grants

Recipient Amount Year
Mercer County Community College $2K 2020
Towson University $5K 2020
Community Foundation of South Jersey $30K 2020
Lafayette College $10K 2020
Senator Walter Rand Institute for Public Affairs $52K 2020
Thomas Jefferson University $5K 2020
Bucknell University $10K 2020
Community Foundation of South Jersey $250K 2020
East Stroudsburg University $5K 2020
Georgia Tech University $7K 2020
Rowan University $43K 2020
Rutgers University- New Brunswick $16K 2020
Stockton University $28K 2020
The Huddle $2K 2020
Bloomsburg University $10K 2020
Boston University $4K 2020
Cairn University $5K 2020
Community Foundation of South Jersey $57K 2020
Delaware State University $8K 2020
Drew University $39K 2020
Emergency Fund for Scholars $17K 2020
Farleigh Dickinson University $10K 2020
Messiah College $15K 2020
One Village Alliance $66K 2020
University of Massachusetts $10K 2020

Page 1 of 7 · 157 total

Section V

Board of Directors

  • LAURENCE VAN METER PRESIDENT & CEO JAN - JUNE
  • KORTNEY SWANSON DAVIS PRESIDENT & COO JULY - PRESENT
  • DARRELL EDMONDS CHAIRPERSON
  • JANELLE ALEXANDER SECRETARY
  • STEVE BURNS TREASURER
  • EVELYN CAMPBELL TRUSTEE
  • JACKIE EDWARDS TRUSTEE
  • STEVE WADDINGTON TRUSTEE
  • MIKE GORMAN TRUSTEE
  • MELISSA LITWIN TRUSTEE
  • JOHN MULHORN TRUSTEE
  • RICK WILSON TRUSTEE
  • LAURENCE VAN METER PRESIDENT & CEO
  • KEN ALDRIDGE CHAIRPERSON JAN - JUNE
  • DARRELL EDMONDS CHAIRPERSON JULY - PRESENT
  • STEVE WADDINGTON TREASURER & TRUSTEE
  • JANELLE ALEXANDER SECRETARY
  • MIKE GORMAN TRUSTEE
  • JOHN MULHORN TRUSTEE
  • NAJWA TATUM TRUSTEE
  • MADINAH THOMAS TRUSTEE
  • LAURENCE VAN METER PRESIDENT & CEO
  • KEN ALDRIDGE CHAIRPERSON
  • DARRELL EDMONDS SECRETARY & TRUSTEE
  • STEVE WADDINGTON TREASURER & TRUSTEE
  • MIKE GORMAN TRUSTEE
  • JOHN MULHORN TRUSTEE
  • NAJWA TATUM TRUSTEE
  • MADINAH THOMAS TRUSTEE
  • JANELLE ALEXANDER TRUSTEE
  • Laurence Van Meter President & CEO
  • Ken Aldridge Chairperson
  • Darrell Edmonds Secretary & Trustee
  • Steve Waddington Treasurer & Trustee
  • Mike Gorman Trustee
  • John Mulhorn Trustee
  • Najwa Tatum Trustee
  • Madinah Thomas Trustee
  • Karen Washington Trustee

Section VI

Filing History

Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.

Year Total Assets Qualifying Distributions Total Revenue Total Expenses
2023 $37.5M $1.8M $4.7M $3.0M
2022 $35.9M $1.9M $-4,956,669 $2.0M
2021 $42.9M $1.9M $5.2M $2.1M
2020 $39.8M $1.7M $5.1M $1.9M
2019 $36.6M $1.7M $6.6M $2.2M
2015 $25.0M $291K $25.6M $1.1M
2014 $149K $1.9M $104K

Section VII

Foundations Like This One

Similar in focus area, location, and asset size. Worth researching as part of the same campaign.