The Hassel Foundation is a private foundation established in 1961 and tax-exempt since September 1963. Located in Plymouth Meeting, Pennsylvania, it operates as a family foundation with a focus on educational institutions, human services, and the arts.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.4M
-2.5% YoY
Annual Giving
$261K
-22.1% YoY
Grant Count
34
-33.3% YoY
Avg Grant Size
$8K
+16.9% YoY
Under IRS private-foundation payout rules, Hassel Foundation reported a distributable amount of $314K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation provides support primarily for:
- Higher and other education
- Human services
- The arts
- Scholarships awarded annually to graduating seniors
Grantmaking
The foundation makes annual scholarship awards to graduating seniors from three Pennsylvania high schools:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Pennsylvania, with particular emphasis on the Reading and surrounding areas through its scholarship program.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $5,430,964
- Total Revenues: $215,994
- Total Expenses: $361,672
- Investment Income and Dividends: $170,799
As of December 31, 2023:
- Total Assets: $5.57 million
- Total Revenues: $322,000
- Total Expenses: $408,000
The foundation has no employees and no liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,430,964 | $5,569,619 | $5,640,229 |
| Revenue | $215,994 | $321,724 | $125,829 |
| Expenses | $361,672 | $408,380 | $384,937 |
| Qualifying Distributions | $283,721 | $346,307 | $320,993 |
| Net Investment Income | $140,568 | $267,767 | $71,826 |
| Distributable Amount | $314,235 | $290,768 | $303,214 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
234 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Philadelphia Orcherstra ($22,500), Community College of Philadelphia ($20,000), Jefferson Clinical Research ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACADEMY OF NATURAL SCIENCES PHILADELPHIA, PA | GENERAL PURPOSES | $1,000 |
| ALVERNIA UNIVERSITY READING, PA | SCHOLARSHIP KAYLA KEEGAN | $2,650 |
| AMERICAN DANCE WHEELS BALA CYNWYD, PA | BETTER TOGETHER SCHOOL AND UNIVERSIY PROGRAM | $9,400 |
| ARDEN THEATER PHILADELPHIA, PA | ARTS EDUCATION PROGRAM | $1,500 |
| BUCKNELL UNIVERSITY LEWISBURG, PA | SCHOLARSHIP | $2,150 |
| CARNERGIE MELLON UNIVERSITY PITTSBURGH, PA | SCHOLARSHIP MUPPARAJU & POBLETE | $5,300 |
| COMMUNITY COLLEGE OF PHILADELPHIA PHILADELPHIA, PA | SCHOLARSHIP | $20,000 |
| CONNECTEDLY PHILADELPHIA, PA | PHILLY FAMILIES CONNECT | $7,000 |
| COVENANT HOUSE PHILADELPHIA PHILADELPHIA, PA | SLEEP OUT FUNDRAISERGENERAL PURPOSE | $5,000 |
| DESALES UNIVERSITY CENTER VALLEY, PA | SCHOLARSHIP SOPHIA MANIDIS | $2,650 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Michael Krekstein, Esq. - Listed as contact for the foundation
- Andrew Goldberg - Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAY L GOLDBERG ESQUIRE | TRUSTEE | 10 | — |
| ANDREW GOLDBERG | TRUSTEE | 1 | — |
| MAXINE GOLDBERG | TRUSTEE | 1 | — |
| ELIZABETH COHEN | TRUSTEE | 1 | — |
| DAVID KHOURY | TRUSTEE | 1 | — |
| ELLEN COHEN | TRUSTEE | 1 | — |
| LISA KHOURY | TRUSTEE | 1 | — |
| MICHAEL KREKSTEIN | TRUSTEE | 1 | — |
| ANDREA COHEN | TRUSTEE | 1 | — |
| MICHAEL GOLDBERG | TRUSTEE | 1 | — |
| MARK DEITCHER | TRUSTEE | 1 | — |
| DAVID WHELLAN | TRUSTEE | 1 | — |
| RODGER CITRON | TRUSTEE | 1 | — |
| BARBARA COHEN | TRUSTEE | 1 | — |
| MARILN KHOURY | TRUSTEE | 1 | — |
Contact Information
Address: 610 West Germantown Pike, Suite 350 Plymouth Meeting, PA 19462-1058
Telephone: 484-243-6875
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Hassel Foundation fund?
The foundation provides support primarily for: • Higher and other education • Human services • The arts • Scholarships awarded annually to graduating seniors
How do I apply for a grant from Hassel Foundation?
The foundation makes annual scholarship awards to graduating seniors from three Pennsylvania high schools: • Reading Senior High School • Exeter Township Senior High School • Twin Valley High School Recent grant activity (2024) includes awards to organizations such as: • Jevs Human Services ($15,000 for General Purposes) • Wagner Free Institute of Science ($15,000 for Science Education Programs) • Maternity Care Coalition ($15,000 for General Purpose) The foundation made approximately 21 grants…
Where does Hassel Foundation make grants?
The foundation primarily funds organizations in Pennsylvania, with particular emphasis on the Reading and surrounding areas through its scholarship program.
What size grants does Hassel Foundation award?
In 2024, Hassel Foundation awarded 34 grants totaling $261K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Hassel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hassel Foundation reported a distributable amount of $314K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hassel Foundation's EIN?
Hassel Foundation's EIN (Employer Identification Number) is 23-6251862. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hassel Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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