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Forman Acton Foundation

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uuid004fzll

Namestring
Forman Acton Foundation
Legal namestring
Forman S. Acton Educational Foundation
Websiteurl
formanscholars.org
Company typeenum
Private
Founded yearint
2014
Descriptiontext

The Forman Acton Foundation (legal name: Forman S. Acton Educational Foundation) is a private non-profit corporation founded in October 2014 in Salem, New Jersey, by Dr. Forman S. Acton. It operates a portfolio of educational programs serving youth in Salem City: the Forman Scholars Program awards $50,000 college scholarships to select cohorts of students (11 scholars in the 2025 class; 100+ over the past decade), the Acorn Fund provides free college savings accounts through Franklin Templeton to every child living in or attending public school in Salem City (1,500+ accounts established), and complementary programs include the Youth Board, Grants, the College Deposit Program, Scholars Speak (a peer-authored blog), Celebrations events, and a Research initiative focused on college access. Additional offerings include the newly launched Rising Forman Scholars Program (2025), which engages high school juniors earlier in the pipeline. The Foundation rebranded from 'Forman S. Acton Educational Foundation' to 'Forman Acton Foundation' in 2021 with a new logo and website, and is led by President and CEO Kortney Swanson Davis, Esq., appointed November 2023.

Short descriptiontext

The Forman Acton Foundation is a Salem, New Jersey-based non-profit (founded 2014) that provides college scholarships, free savings accounts, mentorship, and educational support programs exclusively to youth in Salem City.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersSalem, United States
HQ citystring
Salem
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
educational scholarships, college savings accounts, youth education support, non-profit foundation, student mentorship programs
Industry3 codes
PRIMARYBPAGAKAK
Education Grantmaking Foundations
Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking
SECONDARYBPAGADAE
College Access, Scholarships & Student Success Nonprofits
Business & Public Services/Nonprofit, NGO & Social Services/Education & Youth Development Nonprofits
SECONDARYBPAGAKAA
Private Foundations
Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking
NAICS code2 codes
  • Grantmaking Foundations813211
  • Educational Support Services611710
SIC code1 code
  • Services-Social Services8300
Product category
Educational Foundation / Youth Development Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Donations and Contributions
TypeLicensing Royalties
Description

As a private non-profit corporation, the Foundation operates primarily through donations and contributions to advance educational opportunities for Salem's youth. The Foundation was founded in October 2014 by Dr. Forman S. Acton.

formanscholars.org
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components3 values
Personnel, Operations, Others
Pricing details1 tier
1Forman Scholars Program - $50,000 scholarship
ModelOne time/ perpetual licenseBilling cadenceMulti-year contract
Notes

Students selected as Forman Scholars receive a $50,000 scholarship for use toward their college expenses, either at the undergraduate or graduate level. The 2022 Class received $40,000 scholarships. The Foundation also provides college deposit assistance through its College Deposit Program.

formanscholars.org
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

The Forman Acton Foundation provides college scholarships of $50,000 to select cohorts of Salem students through its Forman Scholars Program, along with free college savings accounts to every child living in or attending public school in Salem City through its Acorn Fund program. The Foundation supplements these financial offerings with mentorship, networking opportunities, a Youth Board for leadership engagement, grants, college deposit assistance, and ongoing support throughout scholars' educational journeys.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Over 1,500 college savings accounts established through Acorn Fund
+3 more records
Product overview1 text field

Forman Acton Foundation is a private non-profit educational organization offering a portfolio of programs focused on advancing educational opportunities for Salem's youth. The core offerings include the Forman Scholars Program (providing $50,000 scholarships with mentorship), the Acorn Fund (free college savings accounts for Salem students), and the Youth Board (youth leadership engagement). Additional programs include Grants, the College Deposit Program, Scholars Speak blog content, Celebrations, and Research initiatives. The Foundation recently introduced the Rising Forman Scholars Program accepting juniors. Together, these programs provide financial assistance, mentorship, and support from early education through college completion.

Product and service5 records
1Forman Scholars Program
CategoryScholarship Program
Description

Cornerstone scholarship program providing $50,000 college scholarships to select cohorts of Salem students, along with mentorship and networking opportunities.

2Acorn Fund
CategoryCollege Savings Program
Description

Free college savings accounts provided to every child living in or attending public school in Salem City, administered through Franklin Templeton.

3Rising Forman Scholars Program
CategoryScholarship Program
Description

Scholarship program accepting students in their junior year of high school, who must satisfy requirements between junior and senior years to transition to Forman Scholars status upon graduation.

4Grants
CategoryEducational Grants
Description

Financial grants awarded to support educational initiatives and programs targeting needs identified by grantees, with specific measurable goals and objectives.

5College Deposit Program
CategoryFinancial Assistance Program
Description

Program providing required initial college deposit funds for high school seniors living or attending public school in Salem City who are enrolled in the Acorn Fund.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks1 record

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers11 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Forman Acton Foundation

Educational Foundation / Youth Development Servicesformanscholars.org

The Forman Acton Foundation is a Salem, New Jersey-based non-profit (founded 2014) that provides college scholarships, free savings accounts, mentorship, and educational support programs exclusively to youth in Salem City.

What Forman Acton Foundation does

The Forman Acton Foundation (legal name: Forman S. Acton Educational Foundation) is a private non-profit corporation founded in October 2014 in Salem, New Jersey, by Dr. Forman S. Acton. It operates a portfolio of educational programs serving youth in Salem City: the Forman Scholars Program awards $50,000 college scholarships to select cohorts of students (11 scholars in the 2025 class; 100+ over the past decade), the Acorn Fund provides free college savings accounts through Franklin Templeton to every child living in or attending public school in Salem City (1,500+ accounts established), and complementary programs include the Youth Board, Grants, the College Deposit Program, Scholars Speak (a peer-authored blog), Celebrations events, and a Research initiative focused on college access. Additional offerings include the newly launched Rising Forman Scholars Program (2025), which engages high school juniors earlier in the pipeline. The Foundation rebranded from 'Forman S. Acton Educational Foundation' to 'Forman Acton Foundation' in 2021 with a new logo and website, and is led by President and CEO Kortney Swanson Davis, Esq., appointed November 2023.

Forman Acton Foundation firmographics

Firmographics
Name
Forman Acton Foundation
Legal name
Forman S. Acton Educational Foundation
Website
https://formanscholars.org
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
1–10 employees
Short description
The Forman Acton Foundation is a Salem, New Jersey-based non-profit (founded 2014) that provides college scholarships, free savings accounts, mentorship, and educational support programs exclusively to youth in Salem City.
Ownership category
akta.pro rank

Forman Acton Foundation industry classification

Industry
Product category
Educational Foundation / Youth Development Services
NAICS
Grantmaking Foundations (813211), Educational Support Services (611710)
SIC
Services-Social Services (8300)
akta.pro industry
PRIMARYBPAGAKAK
Education Grantmaking Foundations
Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking
SECONDARYBPAGADAE
College Access, Scholarships & Student Success Nonprofits
Business & Public Services/Nonprofit, NGO & Social Services/Education & Youth Development Nonprofits
SECONDARYBPAGAKAA
Private Foundations
Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking

Keywords

  • Educational scholarships
  • College savings accounts
  • Youth education support
  • Non-profit foundation
  • Student mentorship programs

Where Forman Acton Foundation is headquartered

Location

Headquarters

HQ city
Salem
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Forman Acton Foundation business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Others

Revenue model

  1. Donations and Contributions: As a private non-profit corporation, the Foundation operates primarily through donations and contributions to advance educational opportunities for Salem's youth. The Foundation was founded in October 2014 by Dr. Forman S. Acton.

Pricing tiers

ModelBillingPrice
One time/ perpetual licenseMulti-year contractForman Scholars Program - $50,000 scholarship

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Forman Acton Foundation product offering

Product offering

Core offering

The Forman Acton Foundation provides college scholarships of $50,000 to select cohorts of Salem students through its Forman Scholars Program, along with free college savings accounts to every child living in or attending public school in Salem City through its Acorn Fund program. The Foundation supplements these financial offerings with mentorship, networking opportunities, a Youth Board for leadership engagement, grants, college deposit assistance, and ongoing support throughout scholars' educational journeys.

Product overview

Forman Acton Foundation is a private non-profit educational organization offering a portfolio of programs focused on advancing educational opportunities for Salem's youth. The core offerings include the Forman Scholars Program (providing $50,000 scholarships with mentorship), the Acorn Fund (free college savings accounts for Salem students), and the Youth Board (youth leadership engagement). Additional programs include Grants, the College Deposit Program, Scholars Speak blog content, Celebrations, and Research initiatives. The Foundation recently introduced the Rising Forman Scholars Program accepting juniors. Together, these programs provide financial assistance, mentorship, and support from early education through college completion.

Differentiator

Problem solved

Functional benefit

Products and services

  • Forman Scholars Program Cornerstone scholarship program providing $50,000 college scholarships to select cohorts of Salem students, along with mentorship and networking opportunities.
  • Acorn Fund Free college savings accounts provided to every child living in or attending public school in Salem City, administered through Franklin Templeton.
  • Rising Forman Scholars Program Scholarship program accepting students in their junior year of high school, who must satisfy requirements between junior and senior years to transition to Forman Scholars status upon graduation.
  • Grants Financial grants awarded to support educational initiatives and programs targeting needs identified by grantees, with specific measurable goals and objectives.
  • College Deposit Program Program providing required initial college deposit funds for high school seniors living or attending public school in Salem City who are enrolled in the Acorn Fund.

Quantifiable outcome

  • Over 1,500 college savings accounts established through Acorn Fund
  • +3 more outcomes

Companies that use Forman Acton Foundation

Customer profile

Named customers11 records

Segments2 records

Ideal customer profiles1 record

Forman Acton Foundation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Forman Acton Foundation partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Forman Acton Foundation competitors and assessment

Company assessment

Market position

Weaknesses4 records

Competitive moat3 records

Key risks1 record

Key highlights6 records

Customer concentration

Forman Acton Foundation social profiles

Digital presence

Forman Acton Foundation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Forman Acton Foundation leadership team

Management profile

Number of profiles

Profiles4 records

Forman Acton Foundation funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Forman Acton Foundation M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forman Acton Foundation

What does Forman Acton Foundation do?

The Forman Acton Foundation provides college scholarships of $50,000 to select cohorts of Salem students through its Forman Scholars Program, along with free college savings accounts to every child living in or attending public school in Salem City through its Acorn Fund program. The Foundation supplements these financial offerings with mentorship, networking opportunities, a Youth Board for leadership engagement, grants, college deposit assistance, and ongoing support throughout scholars' educational journeys.

Is Forman Acton Foundation a public or private company?

Forman Acton Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Forman Acton Foundation founded?

Forman Acton Foundation was founded in 2014. It employs 1 to 10 people.

Where is Forman Acton Foundation based?

Forman Acton Foundation is headquartered in Salem, United States, in the North America region.

How does Forman Acton Foundation make money?

One revenue line is on record: donations and Contributions.

Does Forman Acton Foundation have an API?

No public API is recorded for Forman Acton Foundation.

What industry is Forman Acton Foundation in?

Forman Acton Foundation's product category is Educational Foundation / Youth Development Services. Its primary akta.pro industry code is BPAGAKAK, Education Grantmaking Foundations, with a secondary code of BPAGADAE, College Access, Scholarships & Student Success Nonprofits. Its NAICS code is 813211 and its SIC code is 8300.

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