Herscher Foundation Inc
Herscher Foundation Inc. is a private foundation based in Charleston, West Virginia. The foundation is administered through United National Bank Trust Department. Established in 1962, it operates as a tax-exempt 501(c)(3) organization dedicated to philanthropic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+5.6% YoY
Annual Giving
$160K
+4.2% YoY
Grant Count
29
-3.3% YoY
Avg Grant Size
$6K
+7.8% YoY
Mission & Focus Areas
The foundation's primary funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation focuses its grantmaking primarily within West Virginia.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in West Virginia, with a particular emphasis on the Charleston area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (Most Recent Data):
- Total assets: $2,267,844 (2024)
- Total giving: $160,250 (2024)
- Total assets: $2,147,762 (2023)
- Total revenues: $111,257 (2023)
- Total expenses: $175,743 (2023)
Revenue Composition (2023):
- Investment income and dividends: $70,173
- Net gain from sale of non-inventory assets: $41,084
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,267,844 | $2,147,762 | $2,177,507 |
| Revenue | $340,405 | $111,257 | $-76,307 |
| Expenses | $183,888 | $175,743 | $175,207 |
| Qualifying Distributions | $160,250 | $153,850 | $150,150 |
| Net Investment Income | $316,767 | $92,864 | $38,909 |
| Distributable Amount | $134,723 | $126,564 | $134,074 |
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
150 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN SALISBURY | PRESIDENT & TREASURER | 2 | — |
| MICHAEL WEHRLE | VICE PRESIDENT | 1 | — |
| W MARSTON BECKER | TRUSTEE | 1 | — |
| THOMAS A HEYWOOD | TRUSTEE | 1 | — |
| H DILL BATTLE III | TRUSTEE | 1 | — |
| NANCY BRUNS | TRUSTEE | 1 | — |
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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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