Hermundslie Foundation
Hermundslie Foundation is a private foundation, based in TUCSON, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 12 grants totaling $242K. Net investment income was $316K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
-0.6% YoY
Annual Giving
$242K
+29.1% YoY
Grant Count
12
+33.3% YoY
Avg Grant Size
$20K
-3.2% YoY
Under IRS private-foundation payout rules, Hermundslie Foundation reported a distributable amount of $195K for 2024 — the minimum it must pay out in qualifying distributions.
About Hermundslie Foundation
Based on IRS filings
Hermundslie Foundation is a private foundation, based in TUCSON, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 12 grants totaling $242K. Net investment income was $316K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,268,711 | $3,287,043 | $3,442,498 |
| Revenue | $113,550 | $109,207 | $119,382 |
| Expenses | $585,063 | $460,390 | $476,139 |
| Qualifying Distributions | $342,000 | $287,500 | $272,850 |
| Net Investment Income | $315,832 | $205,407 | — |
| Distributable Amount | $195,454 | $190,046 | $188,201 |
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
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include 4 Tucson ($125,000), Center for Arizona Policy ($30,000), Saguaro Canyon Church ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Navigators Colorado Springs, CO | Religious | $5,000 |
| Center for Arizona Policy Phoenix, AZ | Education | $30,000 |
| Eric Hite Foundation Tucson, AZ | Education | $10,000 |
| Patriot Academy Houston, TX | Education | $5,000 |
| 4 Tucson Tucson, AZ | Education | $125,000 |
| Goldwater Institute Tucson, AZ | Education | $10,000 |
| Saguaro Canyon Church Tucson, AZ | Religious | $25,000 |
| Center for the Rights of Abused Children Phoenix, AZ | Education | $1,000 |
| Institute for Justice Arlington, VA | Education | $1,000 |
| Luke 5 Adventures Mason, OH | Education | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gerold D Hermundslie | President | 25 | — |
| Gloria Fitzgerald | Vice-Pres. | 25 | — |
| Carol A Hermundslie | Secretary | 25 | — |
Frequently Asked Questions
How large is Hermundslie Foundation?
As of 2024, Hermundslie Foundation holds $3.3M in total assets with $114K in annual revenue. It awarded 12 grants totaling $242K in 2024.
Where does Hermundslie Foundation operate?
Hermundslie Foundation has awarded grants in Arizona, Colorado, Florida, New York, Ohio, Texas, Virginia.
What size grants does Hermundslie Foundation award?
In 2024, Hermundslie Foundation awarded 12 grants totaling $242K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Hermundslie Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hermundslie Foundation reported a distributable amount of $195K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hermundslie Foundation's EIN?
Hermundslie Foundation's EIN (Employer Identification Number) is 23-7001359. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hermundslie 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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