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Private foundation (trust)EIN 261565007Est. 2008-02

FORMANEK FOUNDATION

MEMPHIS, TN 38119

Accepts unsolicited proposals

Total Assets

$173.4M

FY 2024

Annual Giving

$7.6M

FY 2024

Grants Made

29

FY 2024

Avg Grant

$261K

FY 2024

Grant Range

Typical

Deadlines

Open / rolling

Applications

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2024 filing

Total Revenue

$21.3M

Total Expenses

$10.2M

Qualifying Distributions

$7.6M

Distributable Amount

$8.5M

Min. Investment Return

$8.8M

Payout rate 89%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.89%

Payout rate

Qualifying distributions as a share of distributable amount.

Giving Over Time

4 years

Giving over time from 2020 to 2024. Peak $7.7M in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

113 grants

STATE COLLABORATIVE ON REFORMING EDUCATION (TN SCORE)
$3.5M
4 grants
YOUTH VILLAGES
$3.3M
3 grants
BROOKS MUSEUM
$3.1M
4 grants
CHURCH HEALTH CENTER
$2.5M
4 grants
RIVERFRONT DEVELOPMENT
$1.8M
3 grants
MUSO
$1.4M
4 grants
ALLIANCE FOUNDATION
$1M
1 grant
JUST CITY
$916K
4 grants

Grant Size Distribution

112 grants

<$10K
18
grants
$10–50K
27
grants
$50–250K
41
grants
$250K–1M
23
grants
$1–5M
3
grants
$5M+

Geographic Focus

15 states

Tennessee
$19.1M
80% of total
California
$1.7M
7% of total
South Carolina
$850K
4% of total
New York
$733K
3% of total
Maine
$725K
3% of total
Connecticut
$444K
2% of total
Colorado
$75K
0% of total
Texas
$55K
0% of total
Maryland
$50K
0% of total
Alabama
$25K
0% of total

+5 more states

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FORMANEK FOUNDATION — Grants, Financials & Contact | Grantivo