Hermione Foundation
The Hermione Foundation is a private foundation based in New York, NY, established in 1992. It operates as a 501(c)(3) organization and functions primarily as a grantmaking foundation, distributing funds to other charitable organizations rather than operating its own programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+54.9% YoY
Annual Giving
$1.6M
+125.5% YoY
Grant Count
23
-30.3% YoY
Avg Grant Size
$69K
+223.5% YoY
Mission & Focus Areas
The foundation's grantmaking focuses on:
- Arts and Culture — Particularly opera and music, with demonstrated support for performing arts organizations and cultural institutions
- Education — Including support for educational institutions and youth development
- Health and Human Services
- Philanthropy and Voluntarism
The foundation does not maintain a public website and provides limited transparency regarding its specific grantmaking priorities and strategies.
Grantmaking
Other documented grantees include Metropolitan Opera Association, 92nd Street Y, Artists Space, Carnegie Hall Society, The Metropolitan Museum of Art, Richard Tucker Music Foundation, and Junior Achievement.
Average Grant
amount varies by year
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, New Jersey, and North Carolina.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $3,108,960
- Total revenues: $2,324,293
- Total expenses: $1,593,804
- Total giving: $1,579,257
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,108,960 | $2,007,474 | $1,991,793 |
| Revenue | $2,324,293 | $750,166 | $971,317 |
| Expenses | $1,593,804 | $715,468 | $1,484,669 |
| Qualifying Distributions | $1,579,600 | $707,457 | $1,464,183 |
| Net Investment Income | $1,216,660 | $499,403 | $524,463 |
| Distributable Amount | $131,140 | $92,643 | $102,200 |
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
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Founder: Laura J. Sloate, a finance veteran who established the foundation in 1992. Sloate holds a bachelor's degree from Barnard College and a master's degree from Columbia University. Her career in finance includes roles as a security analyst, managing director at Metropolitan Opera Association, and co-founder of Sloate Weisman, where she served as chairwoman, treasurer, chief investment officer, and director of research. She has also worked with Neuberger Berman and Drexel Burnham.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURA J SLOATE | PRESIDENT | — | — |
| MICHAEL J SCHWARTZ | TRUSTEE | — | — |
| DONNA LEONE | TRUSTEE | — | — |
| NESLI BASGOZ | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation's most recent tax filing is from December 2024, reflecting 33 grants distributed that year with significant support directed toward arts and culture organizations, particularly in music and performing arts.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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