2023-11-14T17:07:06-06:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990PF 2022-01-01 387106076 THE FORMAN FAMILY FOUNDATION FORM 2154951160 201 ROUSE BLVD PHILADELPHIA PA 19112 THOMAS TRALA TREASURER/SECRETARY 2154951160 2023-11-14 1 THOMAS TRALA 999009999 0 DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 46793519 X 1990000 3931 521172 311345 283330 0 1898349 1103290 81701 86331 0 2386977 1994123 0 37855 0 0 37855 240361 130371 0 140722 44701 99855 0 0 50000 1169 0 0 1269 367724 0 1269 374186 599119 0 179846 8574688 1477188 8948874 599119 0 1657034 -6561897 1395004 0 10310522 438932 438932 3147 15425 3147 3147 18477991 5199368 5199368 26129830 41152072 41152072 54933768 46793519 46793519 203859 116324 696000 899859 116324 X 0 0 0 0 54033909 46677195 54033909 46677195 54933768 46793519 54033909 -6561897 696000 48168012 1490817 46677195 FS TACTICAL OPPROTUNITIES FUND A LP P 2022-02-10 207188 277630 -70442 -70442 FS TACTICAL OPPROTUNITIES FUND A LP P 2022-05-16 185801 204134 -18333 -18333 FS TACTICAL OPPROTUNITIES FUND A LP P 2022-08-18 72351 79490 -7139 -7139 PUBLICLY TRADED - ST P 233767 -233767 -233767 PUBLICLY TRADED - LT P 1389749 1389749 1389749 SHORT TERM CAPITAL GAIN/(LOSS) - LPS P 38 -38 -38 LONG TERM CAPITAL GAIN/(LOSS) - LPS P 43257 43257 43257 1231 GAIN - LPS P 3 3 3 1103290 -233805 19391 0 19391 0 19391 50016 0 10000 0 60016 0 40625 40625 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 1 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 37855 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 265851 0 0 40094044 1242279 233973 41570296 0 0 41570296 623554 40946742 2047337 2047337 19391 19391 2027946 0 2027946 0 2027946 1657034 0 1657034 2027946 0 0 10293141 642292 10935433 1657034 0 0 0 1657034 0 370912 370912 10564521 0 0 0 0 0 0 0 10564521 9922229 642292 MICHAEL C FORMAN JENNIFER S RICE X ABORTION LIBERATION FUND OF PA PO BOX 40748 PHILADELPHIA PA 19107 N/A PC GENERAL SUPPORT 15000 BIG PICTURE PHILADELPHIA 2300 WEST MASTER STREET PHILADELPHIA PA 19121 N/A PC BPP PLEDGE TO SUPPORT REAL WORLD LEARNING PROGRAM FOR STUDENTS AT EL CENTRO DE ESTUDIANTES (INSTALLMENT 2 OF 2) 100000 CENTER CITY DISTRICT FOUNDATION 660 CHESTNUT ST PHILADELPHIA PA 19106 N/A PC GENERAL SUPPORT 5000 CENTER CITY DISTRICT FOUNDATION 660 CHESTNUT ST PHILADELPHIA PA 19106 N/A PC SUPPORT FOR CENTER CITY RECOVERY 50000 COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION 1700 SPRING GARDEN ST A7 PHILADELPHIA PA 19130 N/A PC GENERAL SUPPORT 25000 RODEPH SHOLOM CONGREGATION 615 N BROAD STREET PHILADELPHIA PA 19123 N/A PC GENERAL SUPPORT 20400 RODEPH SHOLOM CONGREGATION 615 N BROAD STREET PHILADELPHIA PA 19123 N/A PC ENDOWMENT CAMPAIGN - SUPPORT THE SYNAGOGUE 50000 DIA CENTER FOR THE ARTS INC 535 WEST 22ND STREET 4FL NEW YORK NY 10011 N/A PC GENERAL SUPPORT 10000 EDUCATION LAW CENTER 1800 JFK BLVD SUITE 1900A PHILADELPHIA PA 19103 N/A PC GENERAL SUPPORT 21500 FORMAN ARTS INITIATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 N/A POF GENERAL SUPPORT 300000 FORMAN ARTS INITIATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 N/A POF GRANT TO FAI FOR ART PURCHASE 5460000 FORMAN ARTS INITIATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 N/A POF GRANT TO FAI TO SUPPORT ART COMMISSION AND ART WORK GRANT PROGRAMS 455000 FORMAN ARTS INITIATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 N/A POF GRANT TO FAI FOR BUILDING PURCHASES FOR FUTURE MUSEUM 717500 FRACTURED ATLAS PO BOX 55 HARTSDALE NY 10530 N/A PC GENERAL SUPPORT 10000 FRIENDS' CENTRAL SCHOOL 1101 CITY AVENUE WYNNEWOOD PA 19096 N/A PC GENERAL SUPPORT 10000 IMPACTPHL 4801 S BROAD STREET PHILADELPHIA PA 19112 N/A PC GENERAL SUPPORT 10000 FRANKLIN AND MARSHALL COLLEGE - KLEHR CENTER PO BOX 3003 LANCASTER PA 17604 N/A PC GENERAL SUPPORT 2500 PHILADELPHIA CONTEMPORARY 1112 N BOBINE STREET PHILADELPHIA PA 19123 N/A PC GRANT TO SUPPORT THEASTER GATES PROGRAMMING AT DREXEL 60000 PHILADELPHIA MURAL ARTS ADVOCATES 1727-29 MOUNT VERNON STREET PHILADELPHIA PA 19130 N/A PC GENERAL SUPPORT 5000 PHILADELPHIA MUSEUM OF ART PO BOX 7646 PHILADELPHIA PA 19101 N/A PC GENERAL SUPPORT TIMOTHY RUB FUND 5000 PHILADELPHIA MUSEUM OF ART PO BOX 7646 PHILADELPHIA PA 19101 N/A PC ENDOWMENT SUPPORT OF IT STARTS HERE:CAMPAIGN FOR THE PHILADELPHIA MUSEUM OF ART (INSTALLMENT 5OF 5) 500000 PHILADELPHIA MUSEUM OF ART PO BOX 7646 PHILADELPHIA PA 19101 N/A PC SUPPORT GIUSEPPE PENONE EXHIBITION 25000 PHILADELPHIA YOUTH BASKETBALL 1735 MARKET STREET PHILADELPHIA PA 19103 N/A PC CAPITAL PLEDGE TO SUPPORT PYB'S EFFORT TO CONSTRUCT THE ALAN HORWITZ SIXTH MAN CENTER (3 OF 3 INSTALLMENTS) 50000 PURR 1833 S 11TH STREET PHILADELPHIA PA 19148 N/A PC GENERAL SUPPORT 5000 REVOLUTION SCHOOL 3033 W GLENDWOOD AVE PHILADELPHIA PA 19131 N/A PC SUPPORT OF MISSION TO PROMOTE EXPERIENTIAL LEARNING, DIVERSITY, INNOVATION AND COMMUNITY 25000 TEACH FOR AMERICA GREATER PHILADELPHIA PO BOX 398552 SAN FRANCISCO CA 941398552 N/A PC LEADERSHIP GIVING CHOICE (INSTALLMENT 1 OF 2) 50000 THE CAT COLLABORATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 N/A POF GENERAL SUPPORT 165000 THE PHILADELPHIA SCHOOL 2501 LOMBARD STREET PHILADELPHIA PA 19146 N/A PC GENERAL SUPPORT 10000 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 801 SPRUCE STREET PHILADELPHIA PA 19107 N/A PC GENERAL SUPPORT 10000 VETRI COMMUNITY PARTNERSHIP 211 N 13TH ST SUITE 303 PHILADELPHIA PA 19107 N/A PC VETRI COMMUNITY PARTNERSHIP PLEDGE (INSTALLMENT 3 OF 3) 150000 WASHINGTON UNIVERSITY ONE BROOKINGS DRIVE ST LOUIS MO 63130 N/A PC SUPPORT CHANCELLOR'S FUND FOR EXCELLENCE 100000 WASHINGTON UNIVERSITY ONE BROOKINGS DRIVE ST LOUIS MO 63130 N/A PC SUPPORT FOR THE KEMPER ART MUSEUM 25000 WOMEN'S WAY 123 SOUTH BROAD ST SUITE 1320 PHILADELPHIA PA 19109 N/A PC GENERAL SUPPORT 50000 CAPE ELEUTHERA FOUNDATION INC PO BOX 712484 PHILADELPHIA PA 19171 N/A PC GRANT TO SUPPORTI TIS SUMMER TEACHER PROGRAM 1500 CREATIVE TIME 59 EAST 4TH STREET 6TH FLOOR NEW YORK NY 10003 N/A PC SUPPORT FOR CHARLES GAINES' PROJECT 'THE AMERICAN MANIFEST' 55000 FUND FOR THE SCHOOL DISTRICT OF PHILADELPHIA 30 SOUTH 17TH STREET PHILADELPHIA PA 19103 N/A PC DR HITE EVENT 8788 INDEPENDENCE HISTORICAL TRUST 316 CHESTNUT STREET PHILADELPHIA PA 19106 N/A 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 8574688 0 14 3931 14 311345 03 81701 0 396977 0 396977 1 REIMBURSEMENT OF FUNDS CONNECTED TO SELF-DEALING 0 0 0 0 0 0 0 0 0 0 X X 1 MICHAEL C FORMAN & JENNIFER RICE C/O 201 ROUSE BLVD STE 675 PHILADELPHIA PA 19112 1990000 X GRANT THORNTON LLP 12365 9274 0 3853 FFO SERVICES/FB CAPITAL 227996 121097 0 136869 FORMAN ARTS INITIATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 2022-10-26 6932500 GRANT TO FAI FOR ARTWORKS INITIATIVE ($455,000), BUILDING PURCHASE FOR FUTURE MUSEUM ($717,500), GENERAL SUPPORT ($300,000) AND ART PURCHASE ($5,460,000) 6932500 NO DIVERTED USE OF FUNDS 9/15/2023 2023-09-15 NO DIVERTED USE OF FUNDS THE CAT COLLABORATIVE 201 ROUSE BLVD PHILADELPHIA PA 19112 2022-10-14 165000 PROGRAM SUPPORT - THE CAT COLLABORATIVE SERVES TO CREATE BEST-PRACTICE INITIATIVES, SUPPORT AND AMPLIFY THE WORK OF PARTNER RESCUES AND SHELTERS, COORDINATES AND ENHANCES NEIGHBORHOOD RELATIONSHIPS AND BUILDS AN EFFECTIVE VOLUNTEER NETWORK TO STRATEGICALLY SERVE CATS AND THOSE WHO LOVE THEM 165000 NO DIVERTED USE OF FUNDS 10/4/2023 2022-10-14 NO DIVERTED USE OF FUNDS FORM 990-PF, PART XI - QUALIFYING DISTRIBUTIONS EXPLANATION: 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, $1,657,034 OF THE FORM 990-PF.IN FISCAL 2022, FORMAN FAMILY FOUNDATION ("FFF") MADE A CASH GRANT OF $6,932,500 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. IN FISCAL 2022, FORMAN FAMILY FOUNDATION ("FFF") MADE A CASH GRANT OF $165,000 TO THE CAT COLLABORATIVE ("TCC"); EXPENDITURES INCURRED BY TCC 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 TCC 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. TCC 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 2022 IS CALCULATED AS FOLLOWS:*TOTAL DISTRIBUTIONS (EXPENSES AND GRANTS) FOR CHARITABLE PURPOSES $8,754,534*EXCLUDED FAI'S GRANT - $6,932,500*EXCLUDE TCC'S GRANT - $165,000*TOTAL ADJUSTED QUALIFYING DISTRIBUTIONS PER PART XI, LINE 4: $1,657,034 EQUITY SECURITIES 5199368 5199368 PRIVATE EQUITY INVESTMENTS FMV 41152072 41152072 UNREALIZED LOSS 1490817 OFFICE EXPENSES 1150 0 0 1150 LP PORTFOLIO DEDUCTIONS 0 367724 0 0 SUBSCRIPTIONS 119 0 0 119 LP PORTFOLIO INCOME 0 86331 0 OTHER INCOME (EXP REIMBURSEMENT TO FND) 81701 0 0 RESCINDED GRANT PAYABLE 696000 V3LIMITED LLC 23869 23869 0 0 TD AMERITRADE 0 7873 0 0 UBS 0 47281 0 0 MLG VENTURE PARTNERS LP 20832 20832 0 0 EXCISE TAXES 50000 0 0 0 LP FOREIGN TAXES PAID 0 1169 0 0