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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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