While Forum was established in July 1956, it was instrumental in establishing three other organizations during its journey. They are:
- The A.D. Shroff Memorial Trust in 1966
- Nani A. Palkhivala Memorial Trust 2004
- M.R. Pai Foundation in 2004
When A.D. Shroff passed away on 27th October 1965, J.R.D. Tata suggested that a Trust be set up to perpetuate his memory. Following this the Trust was set up and registered in 1967. The Trustees then were:
- Mr. Nani A. Palkhivala (Chairman)
- Mr. K.M.D. Thackersey
- Mr. B.M. Ghia
- Mr. Jaykrishna Harivallabhdas
- Mr. Tulsidas Kilachand
- Mr. J.H. Tarapore
- Sir Cowasji Jehangir
The present Trustees are:
- Mr. Minoo R. Shroff (Chairman-Emeritus)
- Mr. H. P. Ranina (Chairman)
- Mr. Deepak S. Parekh
- Mr. Bansi S. Mehta
- Mr. Y.H. Malegam
- Mr. Shreyas K. Doshi
- Mr. Nirmal Bhogilal
- Mr. Dileep Choksi
- Mr. S. S. Bhandare (Managing Trustee)
- Mr. Raman Jokhakar
Mr. S. S. Bhandare passed away on 5th February 2022
Mr. Minoo R. Shroff (Chairman-Emeritus) passed away on 14th April 2024