Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE FORMAN S ACTON EDUCATIONAL
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 181
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALEM, NJ08079
A Employer identification number

47-1997891
B Telephone number (see instructions)

(844) 436-7626
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$38,988,556J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 206 344,808  
4 Dividends and interest from securities... 90,948 468,159  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,641,096
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 272,229
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
138,507 1,098,600  
12 Total. Add lines 1 through 11........ 3,870,757 2,183,796  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 428,663 18,335   410,328
14 Other employee salaries and wages...... 245,270 0   245,270
15 Pension plans, employee benefits....... 84,721 0   84,721
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
994 0   994
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,562 6,141   18,421
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
140,879 348,683   47,104
17 Interest...............   119,152    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
57,359 1,877   55,798
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 79,958 0   79,958
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
137,928 3,127   134,801
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,200,334 497,315   1,077,395
25 Contributions, gifts, grants paid....... 1,235,798 1,235,798
26 Total expenses and disbursements. Add lines 24 and 25 2,436,132 497,315   2,313,193
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,434,625
b Net investment income (if negative, enter -0-) 1,686,481
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 270,552 662,829 662,829
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,279,440 Click to see attachment
List of Attached Documents:
// Content
38,325,727 		38,325,727
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,549,992 38,988,556 38,988,556
Liabilities 17 Accounts payable and accrued expenses.......... 10,183 14,258
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
136 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 10,319 14,258
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 37,539,673 38,974,298
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 37,539,673 38,974,298
30 Total liabilities and net assets/fund balances (see instructions). 37,549,992 38,988,556
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
37,539,673
2
Enter amount from Part I, line 27a .....................
2
1,434,625
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
38,974,298
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
38,974,298
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a OTHER CONTRACTS AND STRADDLES K-1 FLOWTHROUGH P 2023-12-31 2024-12-31
b CF CREDIT SERIES - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
c CF REIT PORTFOLIO - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
d CF STRATEGIC SOLUTIONS GLOBAL EQUITY LLC - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
e COMMONFUND PRIVATE CREDIT FUND II LP - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
COMMONFUND PRIVATE CREDIT FUND III LP - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
SECONDARY PARTNERS III - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
SECONDARY PARTNERS IV - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
ENVIRONMENTAL SUSTAINABILITY PARTNERS 2020 - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
COMMONFUND CAPITAL VENTURE PARTNERS XIV, L.P. - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
CCI-OCIO GLOBAL PRIVATE EQUITY FUND IV - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
CCI-OCIO GLOBAL PRIVATE EQUITY FUND V - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
CFI HIGH QUALITY BOND FUND, LLC - CAP GAIN DISTRIBUTIONS - K-1 P 2023-12-31 2024-12-31
COMMONFUND REAL ESTATE OPPORTUNITY FD II P 2023-12-31 2024-12-31
CF CAPITAL NATURAL RESOURCES PARTNERS XII LP P 2023-12-31 2024-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       153,619
b       -80,073
c       -1,450
d       264,935
e       -2,671
      22
      38,776
      7,282
      3,091
      4,625
      1,844
      27
      -119,970
      2,137
      35
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       153,619
b       -80,073
c       -1,450
d       264,935
e       -2,671
      22
      38,776
      7,282
      3,091
      4,625
      1,844
      27
      -119,970
      2,137
      35
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 272,229
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 23,442
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 23,442
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 23,442
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 135,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 135,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 111,758
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow111,758 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.FORMANSCHOLARS.ORG
14
The books are in care ofright arrowTHE FORMAN S ACTON EDUCATIONAL FOUNDATION Telephone no.right arrow (844) 436-7626

Located atright arrow205 E BROADWAYSALEMNJ ZIP+4right arrow08079
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LAURENCE VAN METER EMERITUS TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
KORTNEY SWANSON DAVIS PRESIDENT & COO
40.00 		258,703 9,700 884
205 E BROADWAY
SALEM,NJ08079
DARRELL EDMONDS CHAIR (6/22 - PRESENT)
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
JANELLE ALEXANDER SECRETARY
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
STEVE BURNS TREASURER
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
EVELYN CAMPBELL TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
JACKIE EDWARDS TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
STEVE WADDINGTON TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
MIKE GORMAN TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
MELISSA LITWIN TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
JOHN MULHORN TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
RICK WILSON TRUSTEE
2.00 		0 0 0
205 E BROADWAY
SALEM,NJ08079
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
KIMBERLY SMITH SCHOLARSHIP DIRECTOR
40.00 		140,000 5,600 14,327
205 E BROADWAY
SALEM,NJ08079
JASMIN MCMILLON ACORN FUND ENROLLMEN
40.00 		94,481 3,779 808
205 E BROADWAY
SALEM,NJ08079
KEATH GERALD ACORN SCHOLAR ENGAGE
40.00 		92,558 3,702 700
205 E BROADWAY
SALEM,NJ08079
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
COMMONFUND CONSULTANTS 93,775
PO BOX 5493
BOSTON,MA02206
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
38,312,416
b
Average of monthly cash balances.......................
1b
301,296
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
38,613,712
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
38,613,712
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
579,206
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,034,506
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,901,725
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,901,725
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
23,442
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,442
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,878,283
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,878,283
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,878,283
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,313,193
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,313,193
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,878,283
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 999,141
f Total of lines 3a through e ........ 999,141
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,313,193
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,878,283
e Remaining amount distributed out of corpus 434,910
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,434,051
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,434,051
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 999,141
e Excess from 2024.... 434,910
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KORTNEY SWANSON-DAVIS
VIA EMAIL
SALEM,NJ08079
(844) 436-7626
KORTNEY@FORMANSCHOLARS.ORG
bThe form in which applications should be submitted and information and materials they should include:
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.
cAny submission deadlines:
SUBMISSION DEADLINES MAY BE ESTABLISHED.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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.
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KIMBERLY SMITH
VIA EMAIL
SALEM,NJ08079
(844) 436-7626
KIM@FORMANSCHOLARS.ORG
bThe form in which applications should be submitted and information and materials they should include:
SCHOLARSHIP APPLICANTS CAN APPLY ONLINE AT OUR PORTAL AT HTTPS://FORMANSCHOLARS.COMMUNITYFORCE.COM/LOGIN.ASPX
cAny submission deadlines:
SCHOLARSHIP DEADLINES ARE DEPENDENT ON THE TYPE OF SCHOLARSHIP. SEE PORTAL REFERENCED ABOVE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE TO THE ACCOUNT OF THE STUDENT AND ARE REQUIRED TO BE LAST DOLLARS THAT DO NOT REPLACE OTHER FINANCIAL AID AWARDS PROVIDED TO THE STUDENT.
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALVERNIA UNIVERSITY

400 SAINT BERNARDINE ST
READING,PA19607 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 1,117

AMAZON

440 TERRY AVE N
SEATTLE,WA98109 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 2,540

APPLE

ONE APPLE PARK WAY
CUPERTINO,CA95014 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 8,073

BEST BUY

7601 PENN AVE S
RICHFIELD,MN55423 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 1,418

BLOOMSBURG UNIVERSITY

400 E 2ND STREET
BLOOMSBURG,PA17815 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,792

BOWIE STATE UNIVERSITY

14000 JERICHO PARK RD
BOWIE,MD20715 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 515

CENGAGE LEARNING

200 PIER 4 BLVD STE 400
BOSTON,MA02210 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 110

COLLEGE RETENTION FUND

PO BOX 181
SALEM,NJ08079 		  PC THIS GRANT IS AWARDED TO HELP CURRENT COLLEGE STUDENTS STAY IN SCHOOL AND FINISH THEIR DEGREE. STUDENTS MUST BE ELIGIBLE AND HAVE A 2.5 GPA TO QUALIFY. 18,280

COMMUNITY FOUNDATION OF SOUTH JERSEY

14 KINGS HIGHWAY SUITE 102
HADDONFIELD,NJ08033 		  PC GRANT TO THE ACORN FUND ACCOUNTS FOR THE COLLEGE SAVINGS PROGRAM 669,050

COPPIN STATE UNIVERSITY

2500 W NORTH AVE
BALTIMORE,MD21216 		  PC THIS GRANT IS AWARDED TO HELP CURRENT COLLEGE STUDENTS STAY IN SCHOOL AND FINISH THEIR DEGREE. STUDENTS MUST BE ELIGIBLE AND HAVE A 2.5 GPA TO QUALIFY. 300

DELAWARE STATE UNIVERSITY

1200 N DUPONT HWY
DOVER,DE19901 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 700

DREW UNIVERSITY

36 MADISON AVENUE
MADISON,NJ07940 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 16,195

EASTERN UNIVERSITY

1300 EAGLE RD
ST DAVIDS,PA19087 		  PC THIS GRANT IS AWARDED TO HELP CURRENT COLLEGE STUDENTS STAY IN SCHOOL AND FINISH THEIR DEGREE. STUDENTS MUST BE ELIGIBLE AND HAVE A 2.5 GPA TO QUALIFY. 350

EDINUMEN ONLINE BOOK

1001 BRICKELL BAY DR STE 2700
MIAMI,FL33131 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 56

EDUCATION TESTING SERVICES

ROSEDALE ROAD MAIL STOP 15-L
PRINCETON,NJ08541 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 161

ELIZABETH CITY STATE UNIVERSITY

1704 WEEKSVILLE RD
ELIZABETH CITY,NC27909 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 325

ELIZABETHTOWN COLLEGE

1 ALPHA DRIVE
ELIZABETHTOWN,PA17022 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 18,750

EMBRY-RIDDLE AERONAUTICAL UNIVERSITY

TOMCAT ANNEX 260 1 AEROSPACE
BOULEVARD
DAYTONA BEACH,FL32114 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 9,875

FAIRLEIGH DICKINSON UNIVERSITY

285 MADISON AVENUE
MADISON,NJ07940 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,525

FRANKLIN & MARSHALL COLLEGE

PO BOX 3003
LANCASTER,PA17604 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,372

FROSTBURG STATE UNIVERSITY

101 BRADDOCK ROAD
FROSTBURG,MD21532 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 10,680

GATEWAY COMMUNITY ACTION PARTNERSHIP

320 HOLLOWBROOK DR
EWING,NJ08638 		  PC GRANT FOR COMMUNITY BASED PROGRAM TO SEND STUDENTS ON COLLEGE TOUR. 10,925

GEORGETOWN UNIVERSITY

3700 O ST NW
WASHINGTON,DC20057 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 724

GOLDEY-BEACON COLLEGE

4701 LIMESTONE RD
WILMINGTON,DE19808 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 100

HARVARD BUSINESS EDUCATION

1350 MASSACHUSETTS AVE
CAMBRIDGE,MA02138 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 105

HOBART AND WILLIAM SMITH COLLEGES

PO BOX 5211
BINGHAMTON,NY13902 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 12,500

KEAN UNIVERSITY

1000 MORRIS AVE
UNION,NJ07083 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 345

LINCOLN UNIVERSITY

1570 BALTIMORE PIKE
LINCOLN UNIVERSITY,PA19352 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 11,642

MACMILLAN BOOKS

120 BROADWAY
NEW YORK,NY10271 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 109

MCGRAW HILL BOOKS

8787 ORION PLACE
COLUMBUS,OH43240 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 640

MONTCLAIR UNIVERSITY

1 NORMAL AVENUE
MONTCLAIR,NJ07043 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,942

MORGAN STATE UNIVERSITY

1700 E COLD SPRING LN
BALTIMORE,MD21251 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 4,993

NELNET (FEDERAL STUDENT AID)

121 S 13TH ST STE 301
LINCOLN,NE68508 		  PC THIS GRANT IS AWARDED TO PAY OFF STUDENT LOAN. 9,842

NORTH CAROLINA A&T UNIVERSITY

1601 E MARKET ST
GREENSBORO,NC27411 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 225

ONE VILLAGE ALLIANCE

75 WESTSIDE COURT
SALEM,NJ08079 		  PC GRANT TO PROVIDE FUNDING FOR ONE VILLAGE ALLIANCE WHO FOSTERS A COMMUNITY-BASED, PEOPLE-FUELED APPROACH WITH A MISSION TO UPLIFT CHILDREN AND THEIR FAMILIES ON A HOLISTIC JOURNEY TOWARD EXCELLENCE THROUGH EDUCATION, ENTREPRENEURSHIP AND THE ARTS. 25,000

PEARSON EDUCATION

330 HUDSON ST
NEW YORK,NY07030 		  PC THIS GRANT IS AWARDED TO A STUDENT FOR COMPUTERS AND OTHER COLLEGE ACADEMIC MATERIALS. 224

ROCHESTER INSTITUTE OF TECHNOLOGY

25 LOMB MEMORIAL DRIVE ROCHESTER
ROCHESTER,NY14623 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 11,445

ROWAN UNIVERSITY

201 MULLICA HILL ROAD
GLASSBORO,NJ08028 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 63,532

RUTGERS UNIVERSITY

10 SEMINARY PLACE
NEW BRUNSWICK,NJ08901 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 19,909

SAINT JOSEPH'S UNIVERSITY

5600 CITY AVE
PHILADELPHIA,PA19131 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 10,367

SALEM COMMUNITY COLLEGE

460 HOLLYWOOD AVE
CARNEYS POINT,NJ08069 		  PC 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

STOCKTON UNIVERSITY

101 VERA KING PARIS DR
GALLOWAY,NJ08205 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 47,099

STONEHILL COLLEGE

320 WASHINGTON STREET
NORTH EASTON,MA02357 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 12,500

SWARTHMORE COLLEGE

500 COLLEGE AVE
SWARTHMORE,PA19081 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 1,488

THE COLLEGE OF NEW JERSEY

OFFICE OF STUDENT ACCOUNTS PO BOX
7718 EWING
EWING,NJ08628 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 51,115

THOMAS JEFFERSON UNIVERSITY

1101 MARKET STREET 29TH FLOOR
PHILADELPHIA,PA19107 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 13,331

TOWSON UNIVERSITY

800 YORK ROAD
TOWSON,MD21252 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,844

TUSKEGEE UNIVERSITY

1200 W MONTGOMERY ROAD
TUSKEGEE,AL36088 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 11,941

UNIVERSITY OF DELAWARE

210 S COLLEGE AVENUE
NEWARK,DE19716 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,750

UNIVERSITY OF MINNESTOTA

202 MORRILL HALL
MINNEAPOLIS,MN55455 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 411

UNIVERSITY OF NEW HAVEN

300 BOSTON POST RD
WEST HAVEN,CT06516 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 200

UNIVERSITY OF PITTSBURGH

PO BOX 643092
PITTSBURGH,PA15264 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 12,500

UNIVERSITY OF TAMPA

401 W KENNEDY BLVD BOX L
TAMPA,FL33606 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 6,250

VASSAR COLLEGE

124 RAYMOND AVENUE
POUGHKEEPSIE,NY12604 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 3,321

WIDENER UNIVERSITY

ONE UNIVERSITY PL
CHESTER,PA19013 		  PC THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. 5,999

WILEY UNIVERSITY

711 WILEY AVENUE
MARSHALL,TX75670 		  PC THIS GRANT IS AWARDED TO A STUDENT TO PAY COLLEGE DEPOSIT. 163

Y-KNOT INC

6178 OXON HILL RD SUITE 300
OXON HILL,MD20745 		  PC THIS GRANT IS AWARDED FOR COMMUNITY BASED PROGRAM TO SEND STUDENTS ON COLLEGE TOUR. 2,175
Total .................................right arrow 3a 1,235,798
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 206  
4 Dividends and interest from securities ....     14 90,948  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     01 138,507  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,641,096  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,870,757 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,870,757
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
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 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 24,562 6,141   18,421

TY 2024 InvestmentsOtherSchedule2
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CF CREDIT SERIES FMV 2,048,016 2,048,016
CF REIT PORTFOLIO, LLC FMV 1,501,570 1,501,570
CF STRATEGIC SOLUTIONS GLOBAL EQUITY LLC FMV 18,495,956 18,495,956
COMMONFUND PRIVATE CREDIT FUND II, L.P. FMV 577,241 577,241
GLOBAL ABSOLUTE ALPHA COMPANY D FMV 4,057,704 4,057,704
SECONDARY PARTNERS III FMV 800,988 800,988
STRATEGIC SOLUTIONS CORE REAL ESTATE FD. FMV 1,229,098 1,229,098
CFI HIGH QUALITY BOND FUND, LLC FMV 2,587,093 2,587,093
CCI-OCIO GLOBAL PRIVATE EQUITY FUND IV FMV 826,139 826,139
VENTURE PARTNERS XIV FMV 545,680 545,680
ENVIRONMENTAL SUSTAINABILITY PARTNERS 2020 FMV 450,044 450,044
COMMONFUND REAL ESTATE OPPORTUNITY FD II FMV 963,435 963,435
CITY NATIONAL BANK DDA-SSB&T FMV 2,919 2,919
CITY NATIONAL ROCHDALE GOVERNMENT MM FUND-SSB&T FMV 357,241 357,241
NATURAL RESOURCES PARTNERS XII-SSB&T FMV 162,607 162,607
COMMONFUND PRIVATE CREDIT FUND III, L.P.-SSB&T FMV 207,313 207,313
SECONDARY PARTNERS IV-SSB&T FMV 374,390 374,390
FIDELITY 500 INDEX-SSB&T FMV 875,279 875,279
FIDELITY U.S. BOND INDEX FUND-SSB&T FMV 357,886 357,886
GMO RESOURCES CLASS R6-SSB&T FMV 1,586,317 1,586,317
OCIO GLOBAL PRIVATE EQUITY FUND V-SSB&T FMV 132,377 132,377
COMMONFUND REAL ESTATE & INFRASTRUCTURE OPP FD III FMV 145,965 145,965
ENVIRONMENTAL SUSTAINABILITY PRTNRS II FMV 23,737 23,737
CF VALUATION ADJUSTMENT FMV 16,732 16,732

TY 2024 LegalFeesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 994 0   994


TY 2024 OtherExpensesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OPERATIONS 57,967 3,127   54,840
TELECOMMUNICATION 15,709 0   15,709
SCHOLARSHIP EVENTS 20,223 0   20,223
FACILITY RENTAL 31,130 0   31,130
PROGRAM SUPPLIES AND MEALS 12,899 0   12,899


TY 2024 OtherIncomeSchedule2
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
VARIOUS K-1   1,098,600  
FEDERAL EXCISE TAX REFUND 138,507 0 138,507


TY 2024 OtherLiabilitiesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Description Beginning of Year - Book Value End of Year - Book Value
VENTURES PARTNER XV - SSBT (NEGATIVE INVESTMENT BALANCE AT YEAR-END) 136 0


TY 2024 OtherProfessionalFeesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 93,775 348,683   0
WEBSITE, SOCIAL MEDIA, MARKETING, BOARD STRATEGIC PLANNING 47,104 0   47,104


TY 2024 TaxesSchedule
Name:
THE FORMAN S ACTON EDUCATIONAL
 
FOUNDATION INC
EIN:
47-1997891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 57,359 1,561   55,798
FOREIGN TAXES 0 316   0