Herman Forbes Charitable Trust XXXXX1001 is a private foundation based in Chicago, Illinois. Established in 2023, the trust operates as a 501(c)(3) organization with a focus on general grantmaking to nonprofit organizations.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.1M
-1.5% YoY
Annual Giving
$376K
-9.5% YoY
Grant Count
19
-13.6% YoY
Avg Grant Size
$20K
+4.8% YoY
Under IRS private-foundation payout rules, Herman Forbes Char Tr Xxxxx1001 reported a distributable amount of $331K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust primarily funds general grants to organizations. Key funding focus areas include:
- Family Services
- Special Education
- Arts
- Creative Writing
Grantmaking
The foundation accepts applications.
Grant Range
$4,000–$62,500
How to Apply
**
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Geographic Focus
Where this funder awards grants
The trust primarily funds organizations in New York, Florida, and Pennsylvania.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $5,096,943 |
| Total Giving (2025) | $376,000 |
| Total Revenues (2025) | $417,898 |
| Total Expenses (2025) | $497,918 |
| Giving Rate | 7.4% of assets |
| Number of Employees | 1 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,096,943 | $5,176,962 | $5,445,548 |
| Revenue | $417,898 | $238,749 | $284,371 |
| Expenses | $497,918 | $517,319 | $480,592 |
| Qualifying Distributions | $436,376 | $464,159 | $425,907 |
| Net Investment Income | $358,394 | $188,464 | $232,410 |
| Distributable Amount | $330,838 | $321,694 | $310,899 |
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 2025
Grant Size Distribution
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Gulf Coast Jewish Family & Community Services ($62,500), The Shefa School ($50,000), Sar Academy ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JEWISH FAMILY SERVICES TAMPA, FL | GENERAL | $20,000 |
| YESHIVA UNIVERSITY NEW YORK, NY | GENERAL | $5,000 |
| CONGREGATION SONS OF ISRAEL BRIARCLIFF MANOR, NY | GENERAL | $7,500 |
| SAR ACADEMY BRONX, NY | GENERAL | $40,000 |
| THE RAMAZ SCHOOL NEW YORK, NY | GENERAL | $10,000 |
| TEMPLE BETH-EL ST PETERSBURG, FL | GENERAL | $12,500 |
| TEMPLE EMUNAH LEXINGTON, MA | GENERAL | $20,000 |
| SOLVING KIDS CANCER INC NEW YORK, NY | GENERAL | $10,000 |
| THE SHEFA SCHOOL NEW YORK, NY | GENERAL | $50,000 |
| JACK M BARACK HEBREW ACADEMY BRYN MAWR, PA | GENERAL | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Krystal Zec, Vice President
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BENJAMIN A HERING ESQ | CO-TRUSTEE | 1 | $11,990 |
| JEFFREY W RICHMAN | CO-TRUSTEE | 1 | $8,899 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Herman Forbes Char Tr Xxxxx1001 fund?
The trust primarily funds general grants to organizations. Key funding focus areas include: • Family Services • Special Education • Arts • Creative Writing
How do I apply for a grant from Herman Forbes Char Tr Xxxxx1001?
**Grant Activity:** • Annual giving: $376,000 • Number of grants (most recent year): 26 grants • Grant range: $4,000–$62,500 • Median grant amount: $13,000 **Recent Grantees (2025):** • Gulf Coast Jewish Family and Community Services (GCJFCS) — $62,500 • Shefa School — $50,000 • Chabad of St Petersburg — $40,000 **Application Process:** The foundation accepts applications.
Where does Herman Forbes Char Tr Xxxxx1001 make grants?
The trust primarily funds organizations in New York, Florida, and Pennsylvania.
What size grants does Herman Forbes Char Tr Xxxxx1001 award?
In 2025, Herman Forbes Char Tr Xxxxx1001 awarded 19 grants totaling $376K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Herman Forbes Char Tr Xxxxx1001 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Herman Forbes Char Tr Xxxxx1001 reported a distributable amount of $331K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Herman Forbes Char Tr Xxxxx1001's EIN?
Herman Forbes Char Tr Xxxxx1001's EIN (Employer Identification Number) is 13-6814404. IRS Form 990 filing data is available on this page for 2021–2025.
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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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