Helen's Hope Foundation

Foundation · Grantmaker Devon, PA EIN: 20-7410435 Website

Helen's Hope Foundation is a family foundation established in 2007 in New Jersey and currently based in Devon, Pennsylvania. The foundation supports underprivileged youth and the programs and people that aid them through strategic grantmaking across multiple states.

Key facts about Helen's Hope Foundation

EIN: 20-7410435
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $815,000
Grants made (2024): 17
Average grant: $47,941
Median grant: $50,000
New grantees (estimate): 29% first-time grantees (5 of 17, 2024)
Total assets: $11,506,099
Primary geography: New York (48% 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).

Who Helen's Hope Foundation funds

By grant dollars, the top recipient states for Helen's Hope Foundation's 17 itemized 2024 grants were New York (48%), Pennsylvania (31%) and Florida (17%). The most frequent recipient cities were Poughkeepsie, NY (3 grants). 100% of grants with a stated purpose were for general or operating support.

Is Helen's Hope Foundation open to new grantees?

29%

first-time grantees, 2024

In 2024, 5 of 17 grantees (29%) were first-time recipients. First grants averaged $42K; repeat grants $50K. How we count

Medians: $25K first-time, $50K repeat.

53% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (−10%). Method
In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.5M

+2.7% YoY

Annual Giving

$815K

+31.5% YoY

Grant Count

+54.5% YoY

Avg Grant Size

$48K

-14.9% YoY

Under IRS private-foundation payout rules, Helen's Hope Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation funds programs that provide:

Educational support
Health and fitness initiatives
Family support services
Other important areas of development for underprivileged youth

Grantmaking

Typical grant awards range from $15,000 to $120,000.

Grant Range

& Frequency**

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Geographic Focus

Where this funder awards grants

The foundation funds programs in:

Florida: Monroe County and the Miami area
New Jersey
New York: Greater New York and the Mid-Hudson Valley
Pennsylvania: Philadelphia and surrounding areas

Grant Distribution by State

New York $395K (48%)

Pennsylvania $255K (31%)

Florida $140K (17%)

Massachusetts $25K (3%)

Share of all 17 itemized 2024 grant dollars.

States

Florida Massachusetts New York Pennsylvania

Cities

New YorkPoughkeepsieMiamiKingstonNewton SquareSwarthmoreTavenierNewburghHomesteadPhiladelphiaWayneRadnorStone RidgeBostonDevonRhinebeckWest Chester

Financial History

Multi-year comparison from IRS filings

Total Assets: $11,506,099
Total Annual Giving: $815,000
EIN: 20-7410435

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$11,506,099	$11,201,162	$10,710,692
Revenue	$1,518,166	$1,051,987	$703,980
Expenses	$1,213,229	$962,020	$891,219
Qualifying Distributions	$1,013,586	$820,441	$777,841
Net Investment Income	$1,356,555	$919,045	$596,602
Distributable Amount	$1,003,296	$838,169	$835,447

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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

76 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Vassar Brothers Hospital Foundation ($120,000), Episcopal Academy ($100,000), Branches Inc ($75,000).

Recipient	Purpose	Amount
VASSAR BROTHERS HOSPITAL FOUNDATION Poughkeepsie, NY	GENERAL SUPPORT	$120,000
EPISCOPAL ACADEMY Newton Square, PA	GENERAL SUPPORT	$100,000
BRANCHES INC Miami, FL	GENERAL SUPPORT	$75,000
FLORIDA KEYS CHILDREN'S SHELTER Tavenier, FL	GENERAL SUPPORT	$65,000
BOYS & GIRLS CLUB OF NEWBURGH INC Newburgh, NY	GENERAL SUPPORT	$50,000
DUTCHESS OUTREACH Poughkeepsie, NY	GENERAL SUPPORT	$50,000
FAMILY SERVICES INC Poughkeepsie, NY	GENERAL SUPPORT	$50,000
KINGSTON SELF HELP INC DBA PEOPLE'S PLACE Kingston, NY	GENERAL SUPPORT	$50,000
THE READING TEAM New York, NY	GENERAL SUPPORT	$50,000
SWARTHMORE COLLEGE Swarthmore, PA	GENERAL SUPPORT	$35,000

Leadership & Key People

Leadership team and compensation from IRS filings

Mallory Silva is listed as a contact for the foundation.

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Kenneth Karl	Chairman	2	—
Stephanie Karl	Founder and President	2	—
Mallory Silva	Executive Director	40	$60,000
Hollie Saborido	Trustee and Manager	40	$55,000
Kristian Karl	Trustee	2	—

Contact Information

Website: www.helenshopefoundation.org
Telephone: 973-408-6700
Address: c/o Mallory Silva, 646 Clovelly Lane, Devon, PA 19333

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Helen's Hope Foundation fund?

The foundation was started in honor of Helen Grasso (born Helen Murray in 1928), whose early life was marked by significant hardship. Orphaned and placed in foster care as a child, Helen's resilience and determination inspired the creation of this foundation to support youth facing similar challenges. The foundation funds programs that provide: • Educational support • Health and fitness initiatives • Family support services • Other important areas of development for underprivileged youth

How do I apply for a grant from Helen's Hope Foundation?

**Grant Size & Frequency** Typical grant awards range from $15,000 to $120,000. **Recent Funding Activity** *2024 Funding Cycle* The foundation funded 16 organizations across its service regions: **Florida:** Branches, Inc.; City Year Miami; Florida Keys Children's Shelter; Lotus House **New York:** Boys & Girls Club of Newburgh; Dutchess Outreach Family Services; Kingston Self Help Inc. (DBA People's Place); The Reading Team **Pennsylvania:** Chester Children's Chorus; HopePHL; Horizons at Epi…

Where does Helen's Hope Foundation make grants?

The foundation funds programs in: • **Florida:** Monroe County and the Miami area • **New Jersey** • **New York:** Greater New York and the Mid-Hudson Valley • **Pennsylvania:** Philadelphia and surrounding areas

What size grants does Helen's Hope Foundation award?

In 2024, Helen's Hope Foundation awarded 17 grants totaling $815K — an average of about $48K per grant, based on its IRS Form 990 filings.

How much is Helen's Hope Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Helen's Hope Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.