FM Foundation
Preselected recipients only
FM Foundation is a private foundation in Johnston, Rhode Island. In tax year 2024 it gave $7.9 million in 25 grants; the typical grant was $40,000 and the largest $3.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$7.9 million
- Number of grants25
- Typical grant$40,000
- Largest grant$3.0 million
- Assets$16.8 million
- New grantees76%
Giving in 2024 was up from $6.4 million the year before.
76% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $6.4 million | 168 | $24.0 million |
| 2024 | $7.9 million | 25 | $16.8 million |
How to apply
FM Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What FM Foundation funds
Where it gives
Its US grants went to recipients in 14 states, the most to Rhode Island. It also paid $205,551 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Rhode Island | 2 | $3.0 million |
| Florida | 2 | $2.0 million |
| Texas | 3 | $1.2 million |
| Washington | 2 | $687,748 |
| Tennessee | 1 | $370,096 |
| New York | 1 | $350,000 |
| Massachusetts | 3 | $158,076 |
| California | 2 | $23,297 |
| Illinois | 2 | $9,370 |
| Michigan | 2 | $8,578 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Rhode Island | Contribution provided | $3.0 million |
| American Online Giving Foundation | Contribution provided | $1.9 million |
| National Medal of Honor Museum Foundation | Contribution provided | $1.0 million |
| United Way of King County | Contribution provided | $379,936 |
| International Scholarship & Tuition Services | Contribution provided | $370,096 |
| Spencer Educational Foundation | Contribution provided | $350,000 |
| United Way of King County | Contribution provided | $307,812 |
| United Kingdom Online Giving Foundation | Contribution provided | $205,551 |
| United Way of Metropolitan Dallas Inc | Contribution provided | $95,830 |
| United Way of Metropolitan Dallas Inc | Contribution provided | $74,762 |
| United Way of TriCounty | Contribution provided | $63,772 |
| United Way of TriCounty | Contribution provided | $54,304 |
| MA Maritime Academy Foundation | Contribution provided | $40,000 |
| University of Southern California | Contribution provided | $20,000 |
| First Tee | Contribution provided | $10,000 |
| United Way of Metropolitan Chicago | Contribution provided | $8,120 |
| Armada Township Fire Department | Contribution provided | $6,450 |
| United Way of Greater Philadelphia & Southern New Jersey | Contribution provided | $3,940 |
| Cathedral City Fire Department | Contribution provided | $3,297 |
| Johnston School District | Contribution provided | $3,000 |
| Saint Joseph Charter Township FD 2 | Contribution provided | $2,128 |
| Borough of Cresskill | Contribution provided | $1,704 |
| Pomfrt Fire Marshal | Contribution provided | $1,400 |
| United Way of Metropolitan Chicago | Contribution provided | $1,250 |
| Greater Twin Cities United Way | Contribution provided | $200 |
Officers and trustees
- Malcolm C Roberts
- Alex Tadmoury
- Sanjay Chawla
- Courtney Mazyck
- Andrew S Brooslin
- Denise Hebert
- Deanna Fidler
- Kashia Moua
- Christopher Dempsey
- Andrew Bryson
Questions people ask
Does FM Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does FM Foundation give?
$7.9 million in tax year 2024, across 25 grants, with a typical grant of $40,000.
Who runs FM Foundation?
Its 2024 filing lists Malcolm C Roberts (Director Chairman President & CEO), Alex Tadmoury (Evp & Ceo), Sanjay Chawla (EVP Investments) and Courtney Mazyck (Assistant Vice President Finance) among 10 officers and trustees.
What does FM Foundation fund?
Based on its grants, mainly human services, education and international.