Herman Foundation
Herman Foundation is a private foundation, based in Bennington, NE. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 4 grants totaling $220K. Net investment income was $254K.
Herman Foundation at a glance
In short: Herman Foundation gave $220K across 4 grants in 2024 (avg $55K), mostly in Nebraska. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $220,000
- +15.8% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $55,000
- +15.8% vs 2023
- Median grant
- $37,500
- Total assets
- $4,104,779
- +0.5% vs 2023
- Primary geography
- Nebraska (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Herman Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was University of Nebraska Foundation ($140K). Together the top 4 received $220K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 12 grants of 21 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Herman Foundation gives
- Giving held roughly steady from 2021 to 2024 (+2%). Method
- In 2024 it paid out 109% of 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 2019 to 2024, annual grant giving ranged from $190K (2023) to $327K (2019). In 2024 it made 4 grants totaling $220K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Nebraska Foundation Lincoln, NE | Charitable Operations | $140,000 |
| St Patrick Catholic Church Elkhorn, NE | Charitable Operations | $60,000 |
| Teammates Foundation Lincoln, NE | Charitable Operations | $15,000 |
| Foodbank for the Heartland Omaha, NE | Charitable Operations | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,104,779 | $304,272 | $283,742 | $220,000 | 4 | $220,000 | $254,387 | $201,521 |
| 2023 | $4,085,381 | $120,576 | $254,078 | $190,000 | 4 | $190,000 | $74,027 | $193,513 |
| 2022 | $3,852,211 | $20,866 | $315,920 | $250,000 | 4 | $250,000 | $48,582 | $204,258 |
| 2021 | $4,650,781 | $212,557 | $279,863 | $215,000 | 5 | $215,000 | $162,645 | $226,519 |
| 2020 | $4,507,818 | $186,503 | $276,812 | $215,000 | 4 | — | $137,149 | $217,279 |
| 2019 | $4,572,105 | $256,972 | $393,154 | $326,500 | 5 | — | $206,486 | $223,530 |
Under IRS private-foundation payout rules, Herman Foundation reported a distributable amount of $202K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Herman Foundation is led by Richard M. Herman, President, Treasurer & Director on every filing since 2019; 1 of 2 officers listed in 2024 is compensated.
Officers on the 2024 filing
Richard M. Herman
President, Treasurer & Director
On filings since 2019
2 hrs/week
$48K (2019) → $48K (2024)
Richard A. Carstens
Secretary, Director, Vice President & Director
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $48K, to Richard M Herman (PRESIDENT,TREASURER, Direc).
Frequently asked questions about Herman Foundation
How much does Herman Foundation give each year?
Herman Foundation gave $220K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $190K across 4 grants.
What is Herman Foundation's typical grant size?
Herman Foundation's median grant in 2024 was $37,500, and its average grant was $55,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Herman Foundation give grants?
Herman Foundation gives mostly in Nebraska: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lincoln, NE (2 grants).
Does Herman Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Herman Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Operations" (4 grants).
How large is Herman Foundation?
Herman Foundation reported $4.1M in total assets on its 2024 IRS Form 990-PF. It paid out $220K in qualifying distributions that year, against a required minimum of $202K (roughly 5% of its investment assets).
What is Herman Foundation's EIN?
Herman Foundation's EIN (Employer Identification Number) is 47-0896236. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 1, 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 2019–2024
Explore Open Grants
Browse active grant opportunities in Herman Foundation's focus areas in our free grants database
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