Herbert & Ethel Somerstein Memorial Foundation Inc
Herbert & Ethel Somerstein Memorial Foundation Inc is a private foundation, based in Flushing, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $306 in total assets. In 2024, it awarded 7 grants totaling $13K.
Herbert & Ethel Somerstein Memorial Foundation Inc at a glance
In short: Herbert & Ethel Somerstein Memorial Foundation Inc gave $13K across 7 grants in 2024 (avg $2K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,643
- +75.3% vs 2023
- Grants made (2024)
- 7
- +600.0% vs 2023
- Average grant
- $1,806
- -75.0% vs 2023
- Median grant
- $650
- Total assets
- $306
- -83.9% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Herbert & Ethel Somerstein Memorial Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Herbert & Ethel Somerstein Memorial Foundation Inc gives
- Giving grew 20% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $7K (2023) to $22K (2022). In 2024 it made 7 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 7 grants to individuals Recipients not named | — | $12,643 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $306 | $11,551 | $14,393 | $12,643 | 7 | $12,643 | $28 |
| 2023 | $1,898 | $7,516 | $8,615 | $7,211 | 1 | $7,211 | $80 |
| 2022 | $1,747 | $22,906 | $22,950 | $21,975 | 1 | $21,975 | $126 |
| 2021 | $816 | $9,582 | $11,461 | $10,511 | 1 | $10,511 | $66 |
| 2020 | $1,745 | $14,248 | $18,406 | $17,156 | 1 | — | $95 |
Under IRS private-foundation payout rules, Herbert & Ethel Somerstein Memorial Foundation Inc reported a distributable amount of $28 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Herbert & Ethel Somerstein Memorial Foundation Inc is led by David Somerstein, President since 2024 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Somerstein
President
Treasurer → President, 2024
On filings since 2020
No compensation reported
Esther Pollack
Director
On filings since 2020
No compensation reported
Joel Bleiberg
Director
On filings since 2020
No compensation reported
Mark Somerstein
Secretary
On filings since 2020
No compensation reported
Michael Somerstein
Treasurer
New on the 2024 filing
No compensation reported
Former officers (1)
- Former: Herbert Somerstein (2020–2023) — President
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.
Frequently asked questions about Herbert & Ethel Somerstein Memorial Foundation Inc
How much does Herbert & Ethel Somerstein Memorial Foundation Inc give each year?
Herbert & Ethel Somerstein Memorial Foundation Inc gave $13K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7K across 1 grant.
What is Herbert & Ethel Somerstein Memorial Foundation Inc's typical grant size?
Herbert & Ethel Somerstein Memorial Foundation Inc's median grant in 2024 was $650, and its average grant was $1,806, across 7 grants on its 2024 IRS Form 990-PF.
Where does Herbert & Ethel Somerstein Memorial Foundation Inc give grants?
Herbert & Ethel Somerstein Memorial Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Herbert & Ethel Somerstein Memorial Foundation Inc give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Herbert & Ethel Somerstein Memorial Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "See Note Attached" (7 grants).
How large is Herbert & Ethel Somerstein Memorial Foundation Inc?
Herbert & Ethel Somerstein Memorial Foundation Inc reported $306 in total assets on its 2024 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $28 (roughly 5% of its investment assets).
What is Herbert & Ethel Somerstein Memorial Foundation Inc's EIN?
Herbert & Ethel Somerstein Memorial Foundation Inc's EIN (Employer Identification Number) is 11-3485409. 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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 15, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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