Hanna and Matthew Foundation
The Hanna and Matthew Foundation is a Form 990-PF (a private foundation) based in New York, New York. It reported giving $613,515 through 14 grants in 2024, with grants going to organizations in several states.
Hanna and Matthew Foundation at a glance
In short: Hanna and Matthew Foundation gave $614K across 14 grants in 2024 (avg $44K), top state Pennsylvania. 14% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $613,515
- +0.2% vs 2023
- Grants made (2024)
- 14
- -6.7% vs 2023
- Average grant
- $43,823
- +7.4% vs 2023
- Median grant
- $12,500
- Total assets
- $12,152,422
- +6.1% vs 2023
- New grantees (estimate)
- 14% first-time grantees (2 of 14, 2024; small sample)
- Primary geography
- Pennsylvania (41% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hanna and Matthew Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 430 Park Avenue Suite 201, New York, NY 10022
Phone: (212) 682-9595
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hanna and Matthew Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Upenn ($250K). Together the top 10 received $605K.
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 54 grants of 71 (76%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grants went to recipients in Pennsylvania, New York, Florida, Illinois, Maine, and New Mexico. By share of grant dollars, Pennsylvania received 41%, New York 24%, Florida 20%, Illinois 11%, and Maine 3%.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Is Hanna and Matthew Foundation open to new grantees?
14%
first-time grantees, 2024
In 2024, 2 of 14 grantees (14%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $8K; repeat grants $50K. How we count
Medians: $8K first-time, $14K repeat.
- 86% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $612K (2023) to $738K (2021). In 2024 it made 14 grants totaling $614K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Upenn Philadelphia, PA | Support | $250,000 |
| Cooke Center NY, NY | Support | $116,000 |
| Jarc Boca Raton, FL | Support | $90,115 |
| Northwestern Kellogg School of Mgmt Evanston, IL | Support | $70,000 |
| United Spectrum Corp Deerfield Beach, FL | Support | $25,000 |
| Park Avenue Synagogue New York, NY | Support | $18,000 |
| Peregrine Corporation South Portland, ME | Support | $15,000 |
| Boca Raton Regional Hospital Boca Raton, FL | Support | $10,000 |
| Congregation Bnai NY, NY | Support | $5,400 |
| Center for Educational Innovation New York, NY | Support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $12,152,422 | $1,396,858 | $698,429 | $613,515 | 14 | $613,515 | $1,384,363 | $574,763 |
| 2023 | $11,453,993 | $-119,917 | $716,139 | $612,200 | 15 | $612,200 | $269,084 | $521,401 |
| 2022 | $12,290,049 | $110,008 | $786,920 | $649,100 | 16 | $649,100 | $167,083 | $598,034 |
| 2021 | $12,966,961 | $1,898,351 | $843,358 | $738,000 | 16 | $738,000 | $1,874,122 | $690,123 |
| 2020 | $11,911,968 | $1,963,194 | $863,086 | $644,590 | 10 | — | $1,731,018 | $600,312 |
Under IRS private-foundation payout rules, Hanna and Matthew Foundation reported a distributable amount of $575K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grantees include organizations working in education, community support for people with disabilities, and the arts. Peregrine Corporation describes its mission as supporting people with emotional and intellectual disabilities to live with dignity and respect as active community members. Center for Educational Innovation says it works to improve public education, including by helping schools create environments where students can thrive. Portland Museum of Art describes its mission as making art accessible to all in an inclusive space.
Grantmaking
In 2024, the foundation gave $613,515 across 14 grants. Grant amounts ranged from $500 to $250,000, with a median grant of $12,500. The largest grants included $250,000 to UPenn, $116,000 to Cooke Center, $90,115 to JARC, and $70,000 to Northwestern Kellogg School of Management. Other listed grants included $25,000 to United Spectrum Corp, $18,000 to Park Avenue Synagogue, and $15,000 to Peregrine Corporation.
Leadership & Key People
Leadership team and compensation from IRS filings
Adam Usdan was listed as a director on the 2024 filing.
Hanna and Matthew Foundation is led by Adam Usdan, Director on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Adam Usdan
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hanna and Matthew Foundation
How much does Hanna and Matthew Foundation give each year?
Hanna and Matthew Foundation gave $614K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $612K across 15 grants.
What is Hanna and Matthew Foundation's typical grant size?
Hanna and Matthew Foundation's median grant in 2024 was $12,500, and its average grant was $43,823, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Hanna and Matthew Foundation that year got $8K on average.
Where does Hanna and Matthew Foundation give grants?
Hanna and Matthew Foundation's top state is Pennsylvania, with 41% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (24%) and Florida (20%). The most frequent recipient cities were New York, NY (3 grants), NY, NY (2 grants) and Boca Raton, FL (2 grants).
Does Hanna and Matthew Foundation give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on Hanna and Matthew Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (14 grants).
Who are Hanna and Matthew Foundation's largest grantees?
Hanna and Matthew Foundation's largest 2024 grantees include Upenn ($250,000), Cooke Center ($116,000) and Jarc ($90,115), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.
How large is Hanna and Matthew Foundation?
Hanna and Matthew Foundation reported $12.2M in total assets on its 2024 IRS Form 990-PF. It paid out $614K in qualifying distributions that year, against a required minimum of $575K (roughly 5% of its investment assets).
What does Hanna and Matthew Foundation fund?
No mission statement for the foundation is provided. Its 2024 grantees include organizations working in education, community support for people with disabilities, and the arts. See mission & focus areas ↑
How do I apply for a grant from Hanna and Matthew Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hanna and Matthew Foundation's EIN?
Hanna and Matthew Foundation's EIN (Employer Identification Number) is 27-3726563. IRS Form 990 filing data is available on this page for 2020–2024.
Does Hanna and Matthew Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Hanna and Matthew Foundation funds
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Cite this profile
Grantable. (2026). Hanna and Matthew Foundation funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/hanna-and-matthew-foundation-morg_e2e3262372984042ab53aadd9ad2fff4
BibTeX
@misc{grantable_273726563_2026,
author = {{Grantable}},
title = {{Hanna and Matthew Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hanna-and-matthew-foundation-morg_e2e3262372984042ab53aadd9ad2fff4},
note = {Accessed 2026-10-21. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hanna and Matthew Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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