Hanna and Matthew Foundation
HANNA AND MATTHEW FOUNDATION is based in New York, New York. Its 2024 filing lists 14 grants totaling $613,515, including support for educational, community, religious, health, and arts organizations.
Key facts about Hanna and Matthew Foundation
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.
- EIN
- 27-3726563
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $613,515
- Grants made (2024)
- 14
- Average grant
- $43,823
- Median grant
- $12,500
- New grantees (estimate)
- 14% first-time grantees (2 of 14, 2024)
- Total assets
- $12,152,422
- Primary geography
- Pennsylvania (41% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
+6.1% YoY
Annual Giving
$614K
+0.2% YoY
Grant Count
14
-6.7% YoY
Avg Grant Size
$44K
+7.4% YoY
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.
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. 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.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2024 grants went to organizations in several fields. Among the recipients, 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 describes its mission as helping public schools improve the quality of education. Portland Museum of Art describes its mission as creating an inclusive space and making art accessible to all. These are the grantees’ missions, not stated missions of the foundation.
Grantmaking
In 2024, the foundation gave 14 grants totaling $613,515. Grant amounts ranged from $500 to $250,000, with a median of $12,500. Its largest listed grants were $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, $15,000 to Peregrine Corporation, $10,000 to Boca Raton Regional Hospital, $5,400 to Congregation Bnai, $5,000 each to Center for Educational Innovation and Think New Mexico, and $2,500 to Portland Museum of Art.
How to Apply
or instructions are provided in the available information.
Ready to take the next step with Hanna and Matthew Foundation?
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went primarily to recipients in Pennsylvania (41%), New York (24%), Florida (20%), and Illinois (11%); Maine accounted for 3%. Listed recipients also include Think New Mexico in Santa Fe, New Mexico.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $12,152,422 | $1,396,858 | $698,429 | $613,515 |
| 2023 | $11,453,993 | −$119,917 | $716,139 | $612,200 |
| 2022 | $12,290,049 | $110,008 | $786,920 | $649,100 |
The filing type is 990T.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,152,422 | $11,453,993 | $12,290,049 |
| Revenue | $1,396,858 | $-119,917 | $110,008 |
| Expenses | $698,429 | $716,139 | $786,920 |
| Qualifying Distributions | $613,515 | $612,200 | $649,100 |
| Net Investment Income | $1,384,363 | $269,084 | $167,083 |
| Distributable Amount | $574,763 | $521,401 | $598,034 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Adam Usdan as director.
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.
Contact
Mailing address: 430 Park Avenue Suite 201, New York, NY 10022
Phone: (212) 682-9595
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?
The available information does not state a mission for the foundation. Its 2024 grants went to organizations in several fields. See mission & focus areas ↑
How do I apply for a grant from Hanna and Matthew Foundation?
Hanna and Matthew Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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