Private Foundation

THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC

THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC is a private foundation categorized as Private Foundation based in SALEM, NJ. Its most recent IRS filing (2024) reports revenue of $3.9M, expenses of $2.4M, total assets of $39.0M. Imperigo tracks 262 reported grants from this foundation totaling approximately $7.2M.

EIN: 471997891 SALEM, NJ Latest filing: 2024
Total Revenue$3.9M
Total Expenses$2.4M
Total Assets$39.0M
Grants Given262
Grant Total$7.2M
Filing Years2019–2024

Sample Grants Given

COMMUNITY FOUNDATION OF SOUTH JERSEY
HADDONFIELD, NJ · 2024
GRANT TO THE ACORN FUND ACCOUNTS FOR THE COLLEGE SAVINGS PROGRAM
$669,050
SALEM COMMUNITY COLLEGE
CARNEYS POINT, NJ · 2024
THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION AND A COMMUNITY GRANT TO FUND THE DUAL CREDIT PROGRAM FOR SALEM HIGH SCHOOL STUDENTS.
$87,958
ROWAN UNIVERSITY
GLASSBORO, NJ · 2024
THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.
$63,532
THE COLLEGE OF NEW JERSEY
EWING, NJ · 2024
THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.
$51,115
STOCKTON UNIVERSITY
GALLOWAY, NJ · 2024
THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.
$47,099

Showing up to 5 of 262 total records — full history available with membership.

Officers & Directors

CHAIR (6/22 - PRESENT) Darrell Edmonds
TRUSTEE Evelyn Campbell
TRUSTEE Jackie Edwards
SECRETARY Janelle Alexander
TRUSTEE John Mulhorn
PRESIDENT & COO Kortney Swanson Davis

Officer compensation and complete director data available with membership.

Top Grant Purposes

GRANT TO THE ACORN FUND ACCOUNTS FOR THE COLLEGE SAVINGS PROGRAM
$1,769,050 2 grants
THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION.
$1,060,717 113 grants
This grant is awarded to a public charity to fund college costs via a Section 529 college savings account/early scholarship available to all children living in or attending public school in Salem City, NJ.
$907,266 4 grants
The scholarship is awarded to a student via the university to pursue higher education.
$817,052 82 grants
This grant is awarded to create a scholarship fund to be used for college tuition and other related expenses for graduates of Salem City High School
$750,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.9M $2.4M $39.0M
2023 $4.7M $3.0M $37.5M
2022 $-5.0M $2.0M $35.9M
2020 $5.1M $1.9M $39.8M
2019 $6.6M $2.2M $36.6M

Between 2019 and 2024, reported annual revenue declined from $6.6M to $3.9M (-42%), with total assets most recently reported at $39.0M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in AL, CA, CT, DC, DE, FL, and 4 other states.

ALCACTDCDEFLGAILMAMD

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for THE FORMAN S ACTON EDUCATIONAL FOUNDATION INC

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