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
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 |
|---|---|---|
| West Windsor Township, NJ | $2K | 2020 |
| Towson, MA | $5K | 2020 |
| Haddonfield, NJ | $30K | 2020 |
| Newark, NJ | $10K | 2020 |
| Camden, NJ | $52K | 2020 |
| Philadelphia, PA | $5K | 2020 |
| Lewisburg, PA | $10K | 2020 |
| Haddonfield, NJ | $250K | 2020 |
| East Stroudsburg, PA | $5K | 2020 |
| Atlanta, GA | $7K | 2020 |
| Glassboro, NJ | $43K | 2020 |
| New Brunswick, NJ | $16K | 2020 |
| Galloway, NJ | $28K | 2020 |
| Salem, NJ | $2K | 2020 |
| Bloomsburg, PA | $10K | 2020 |
| Boston, MA | $4K | 2020 |
| Langhorne, PA | $5K | 2020 |
| Haddonfield, NJ | $57K | 2020 |
| Dover, DE | $8K | 2020 |
| Madison, NJ | $39K | 2020 |
| Salem, NJ | $17K | 2020 |
| Madison, NJ | $10K | 2020 |
| Mechanicsburg, PA | $15K | 2020 |
| Salem, NJ | $66K | 2020 |
| Amherst, MA | $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.