Frank & Helen Hermann Foundation Inc
Frank & Helen Hermann Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLE VILLAGE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $781K in total assets. In 2024, it awarded 4 grants totaling $28K. Net investment income was $24K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$781K
-1.8% YoY
Annual Giving
$28K
+0.6% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$7K
+0.6% YoY
Under IRS private-foundation payout rules, Frank & Helen Hermann Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank & Helen Hermann Foundation Inc
Based on IRS filings
Frank & Helen Hermann Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLE VILLAGE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $781K in total assets. In 2024, it awarded 4 grants totaling $28K. Net investment income was $24K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $781,473 | $795,982 | $812,163 |
| Revenue | $25,651 | $24,273 | $24,908 |
| Expenses | $40,160 | $40,454 | $40,976 |
| Qualifying Distributions | $38,346 | $38,350 | $37,807 |
| Net Investment Income | $23,837 | $22,169 | $21,739 |
| Distributable Amount | $29,370 | $41,233 | $41,592 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lincoln Center Chamber Music Society ($10,000), Harmony Program ($10,000), Mannes School of Music ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Paul Efferman Music Plainview, NY | Tuition for music instruction for students studying violin at Holy Name of Mary School | $2,656 |
| Mannes School of Music New York, NY | Tuition for violin students at the Mannes School | $5,000 |
| Lincoln Center Chamber Music Society New York, NY | Education programs for k-12 at Chamber Music Society | $10,000 |
| Harmony Program New York, NY | Education programs for Violin Harmony Program | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Donald Magnotta | President Director | 10 | $8,100 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank & Helen Hermann Foundation Inc?
Frank & Helen Hermann Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLE VILLAGE, NY. It holds $781K in total assets as of 2024.
How large is Frank & Helen Hermann Foundation Inc?
As of 2024, Frank & Helen Hermann Foundation Inc holds $781K in total assets with $26K in annual revenue. It awarded 4 grants totaling $28K in 2024.
Where does Frank & Helen Hermann Foundation Inc operate?
Frank & Helen Hermann Foundation Inc has awarded grants in New York.
What size grants does Frank & Helen Hermann Foundation Inc award?
In 2024, Frank & Helen Hermann Foundation Inc awarded 4 grants totaling $28K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Frank & Helen Hermann Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank & Helen Hermann Foundation Inc reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank & Helen Hermann Foundation Inc's EIN?
Frank & Helen Hermann Foundation Inc's EIN (Employer Identification Number) is 11-3618580. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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