Herak Foundation is a private foundation focused on Education, based in PRIEST LAKE, ID. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $296K in total assets. In 2024, it awarded 9 grants totaling $38K. Net investment income was $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$296K
-7.5% YoY
Annual Giving
$38K
+2.7% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$4K
+2.7% YoY
Under IRS private-foundation payout rules, Herak Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About Herak Foundation
Based on IRS filings
Herak Foundation is a private foundation focused on Education, based in PRIEST LAKE, ID. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $296K in total assets. In 2024, it awarded 9 grants totaling $38K. Net investment income was $14K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $296,048 | $320,030 | $339,946 |
| Revenue | $16,394 | $16,321 | $-49,257 |
| Expenses | $40,376 | $39,250 | $39,125 |
| Qualifying Distributions | $38,000 | $37,000 | $37,000 |
| Net Investment Income | $14,018 | $14,071 | $10,414 |
| Distributable Amount | $14,955 | $16,040 | $16,543 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Gonzaga University ($12,500), Nazareth Guild ($9,500), Lady of Lourdes ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHESTERTON ACADEMY OF NOTRE DAME SPOKANE, WA | DONATION | $3,000 |
| ETERNAL WORD TELEVISION NETWORK INC IRONDALE, AL | DONATION | $1,000 |
| GONZAGA UNIVERSITY SPOKANE, WA | DONATION | $12,500 |
| LADY OF LOURDES SPOKANE, WA | DONATION | $6,000 |
| NAZARETH GUILD SPOKANE, WA | DONATION | $9,500 |
| PRIEST LAKE FOOD BANK PRIEST LAKE, ID | DONATION | $1,000 |
| ST BLANCHE CHURCH PRIEST LAKE, ID | DONATION | $2,000 |
| UNION GOSPEL MISSION SPOKANE, WA | DONATION | $1,000 |
| OUR PLACE COMMUNITY OUTREACH SPOKANE, WA | DONATION | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARC A DORENDORF | TRUSTEE | 1 | — |
| DONNA HERAK | TRUSTEE | 1 | — |
| JEROME P HERAK | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Herak Foundation?
Herak Foundation is a private foundation focused on Education, based in PRIEST LAKE, ID. It holds $296K in total assets as of 2024.
How large is Herak Foundation?
As of 2024, Herak Foundation holds $296K in total assets with $16K in annual revenue. It awarded 9 grants totaling $38K in 2024.
Where does Herak Foundation operate?
Herak Foundation has awarded grants in Alabama, Idaho, Washington.
What size grants does Herak Foundation award?
In 2024, Herak Foundation awarded 9 grants totaling $38K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Herak Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Herak Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Herak Foundation's EIN?
Herak Foundation's EIN (Employer Identification Number) is 91-1621226. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Herak Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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