2024-11-14T16:23:10-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990PF 2023-01-01 387106076 THE FORMAN FAMILY FOUNDATION FORM 2154951160 201 ROUSE BLVD PHILADELPHIA PA 19112 THOMAS TRALA TREASURER/SECRETARY 2154951160 2024-11-14 1 0 DANIEL ROMANO P00504182 2125990100 2023 2024-10-15 13:58:12Z X 48460122 X X 679763 1058037 1762112 7503760 2016534 3325 -324445 0 2445200 2750126 0 21857 0 0 21857 504 0 0 504 142158 107743 0 60377 19811 19811 0 0 39500 602 0 0 1195 0 0 1195 804 0 0 804 225829 128156 0 84737 1953667 1238667 2179496 128156 0 1323404 265704 2621970 0 438932 52709 52709 228991 3147 228991 228991 5199368 4545850 4545850 41152072 43632572 43632572 46793519 48460122 48460122 116324 122917 116324 122917 X 0 0 0 0 46677195 48337205 46677195 48337205 46793519 48460122 46677195 265704 1394306 48337205 0 48337205 CHATHAM ASSET HY OFFSHORE FUND P 3762111 2000000 1762111 1762111 PUBLICLY TRADED ST 1626774 1603243 23531 23531 PUBLICLY TRADED LT 2114141 2022295 91846 91846 CAPITAL GAIN DISTRIBUTIONS 734 734 LP ST GAINS/LOSSES P 181228 181228 LP LT GAINS/LOSSES P -42205 -42205 LP 1231 GAINS/LOSSES P -711 -711 2016534 204759 36445 0 36445 0 36445 25000 0 27000 0 52000 0 15555 15555 0 0 0 0 0 0 0 0 0 1 1 0 1 1 PA CA 1 0 0 0 0 1 N/A MICHAEL C FORMAN 2154951160 201 ROUSE BLVD PHILADELPHIA PA 19112 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 THOMAS TRALA 201 ROUSE BLVD 675 PHILADELPHIA PA 19112 TREASURER/SECRETARY 3.00 21857 0 0 MICHAEL C FORMAN 201 ROUSE BLVD 675 PHILADELPHIA PA 19112 TRUSTEE 1.00 0 0 0 JENNIFER S RICE 201 ROUSE BLVD 675 PHILADELPHIA PA 19112 TRUSTEE 1.00 0 0 0 NONE 0 FB CAPITAL PARTNERS LP 201 ROUSE BLVD PHILADELPHIA PA 19112 ACCOUNTING 127655 0 0 37162632 220846 8179158 45562636 0 0 45562636 683440 44879196 2243960 2243960 36445 791 37236 2206724 0 2206724 0 2206724 1323404 0 1323404 2206724 0 0 9922229 642292 10564521 1323404 0 0 0 1323404 0 883320 883320 9681201 0 0 0 0 0 0 0 9681201 9038909 642292 MICHAEL C FORMAN JENNIFER S RICE X THE METROPOLITAN MUSEUM OF ART 1000 FIFTH AVENUE NEW YORK NY 10028 PC SUPPORT THE CECILY BROWN EXHIBITION 25000 THE PENNSYLVANIA HORTICULTURAL SOCIETY 100 N 20TH STREET PHILADELPHIA PA 19103 PC SUPPORT PHS HEALTHY NEIGHBORHOOD GIVING CIRCLE 25000 FORMAN ARTS INITATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 POF GENERAL SUPPORT 715000 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 801 SPRUCE STREET PHILADELPHIA PA 19107 PC GENERAL SUPPORT 10000 PHILADELPHIA MURAL ARTS ADVOCATES 1727-29 MOUNT VERNON STREET PHILADELPHIA PA 19130 PC GENERAL SUPPORT 2000 DREXEL UNIVERSITY PO BOX 8215 PHILADELPHIA PA 19101 PC DONATION FOR 24 HOURS OF IMPACT 10000 DREXEL UNIVERSITY PO BOX 8215 PHILADELPHIA PA 19101 PC SUPPORT OF THE CARA K. FRY UNIVERSITY ENDOWMENT AND ENHANCING THE UNIVERSITYS ART COLLECTIONS 50000 CENTER CITY DISTRICT FOUNDATION 660 CHESTNUT ST PHILADELPHIA PA 19106 PC GENERAL SUPPORT 12500 COBBS CREEK RESTORATION AND COMMUNITY FOUNDATION 300 CONSHOHOCKEN STATE ROAD SUITE 405 WEST CONSHOHOCKEN PA 19428 PC SUPPORT OF THE CAMPAIGN FOR THE COBBS CREEK RESTORATION AND COMMUNITY FOUNDATION. 666667 WASHINGTON UNIVERSITY MSC 1082 ONE BROOKINGS DRIVE ST LOUIS MO 63130 PC FORMAN FAMILY FOUNDATION SCHOLARSHIP 300000 TEACH FOR AMERICA GREATER PHILADELPHIA PO BOX 398552 SAN FRANCISCO CA 941398552 PC LEADERSHIP GIVING CHOICE (INSTALLMENT 2 OF 2) 50000 INDEPENDENCE HISTORICAL TRUST 316 CHESTNUT STREET PHILADELPHIA PA 19106 PC SUPPORT VISION FRAMEWORK FOR THE HISTORICAL DISTRICT IN PHILADELPHIA. SUPPORT ASSISTANCE WILL ENABLE THE TRUST TO BEGIN PREPARING FOR THE CELEBRATION OF THE SEMIQUINCENTENNIAL IN 2026. 12500 RODEPH SHOLOM CONGREGATION 615 N BROAD STREET PHILADELPHIA PA 19123 PC ENDOWMENT CAMPAIGN - SUPPORT THE SYNAGOGUE 75000 1953667 0 14 679763 03 3325 18 1762112 0 2445200 0 2445200 1 REIMBURSEMENT OF FUNDS CONNECTED TO SELF-DEALING 0 0 0 0 0 0 0 0 0 0 TAX PREPARATION FEES 36360 27270 0 53897 ACCOUNTING SERVICES 105798 80473 0 6480 FORMAN ARTS INITIATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 2023-04-11 715000 GRANT TO FAI FOR ARTWORKS INITIATIVE AND GENERAL SUPPORT 715000 NO DIVERTED USE OF FUNDS 4/11/23 2023-04-11 NO DIVERTED USE OF FUNDS QUALIFYING DISTRIBUTIONS FORM 990-PF, PART XI PURSUANT TO IRS TREASURY REGULATION SECTION 53.4942(A)(3)(C)(I), FORMAN FAMILY FOUNDATION ("FFF") IS PROVIDING THE FOLLOWING DISCLOSURE WITH RESPECT TO THE QUALIFYING DISTRIBUTIONS REPORTED ON PART XI LINE 4, $1,323,404 OF THE FORM 990-PF.IN FISCAL 2023, FORMAN FAMILY FOUNDATION ("FFF") MADE A CASH GRANT OF $715,000 TO FORMAN ARTS INITIATIVE ("FAI"); EXPENDITURES INCURRED BY FAI WITH THESE FUNDS HAVE BEEN EXCLUDED FROM FFF'S CALCULATION OF QUALIFYING DISTRIBUTIONS AND SHALL BE TREATED AS QUALIFYING DISTRIBUTIONS ON THE TAX RETURN OF FAI. THIS IS PERMITTED UNDER 53.4942(A)(3)(C)(1) BECAUSE:1. NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH FAI RECEIVED FUNDING FROM FFF, IT MADE A DISTRIBUTION EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION; THE DISTRIBUTION CONSTITUTES A QUALIFYING DISTRIBUTION THAT IS TREATED AS BEING MADE OUT OF CORPUS, AND2. FAI HAS PROVIDED ADEQUATE RECORDS TO FFF THAT IT HAS ACTUALLY PAID OUT THE GRANTED FUNDS TO QUALIFYING EXPENDITURES. FFF'S TOTAL QUALIFYING DISTRIBUTIONS IN FISCAL 2023 IS CALCULATED AS FOLLOWS:*TOTAL DISTRIBUTIONS (EXPENSES AND GRANTS) FOR CHARITABLE PURPOSES $2,038,404*EXCLUDED FAI'S GRANT - $715,000*TOTAL ADJUSTED QUALIFYING DISTRIBUTIONS PER PART XI, LINE 4: $1,323,404 EQUITY SECURITIES 4545850 4545850 PRIVATE EQUITY INVESTMENTS FMV 43632572 43632572 LEGAL FEES 504 0 0 504 OFFICE EXPENSES 804 0 0 804 LP PORTFOLIO INCOME 0 -324445 0 OTHER INCOME (EXP REIMBURSEMENT TO FND) 3325 0 0 UNREALIZED GAIN/LOSS 1394306 INVESTMENT MANAGEMENT FEES 19811 19811 0 0 EXCISE TAXES 39500 0 0 0 LP FOREIGN TAXES PAID 0 602 0 0