Hersey Foundation
The Hersey Foundation is a private family foundation based in Saint Paul, Minnesota. Established around 1968, it operates as a 501(c)(3) charitable organization focused on grantmaking in education, human services, and community development.
Key facts about Hersey Foundation
- EIN
- 23-7001771
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $961,000
- Grants made (2024)
- 6
- Average grant
- $160,167
- Median grant
- $75,000
- Total assets
- $23,746,358
- Primary geography
- Minnesota (73% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hersey Foundation funds
By grant dollars, the top recipient states for Hersey Foundation's 6 itemized 2024 grants were Minnesota (73%), Florida (22%) and Rhode Island (5%). 100% of grants with a stated purpose were for general or operating support.
How Hersey Foundation gives
- Giving held roughly steady from 2021 to 2024 (−8%). Method
- In 2024 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Hersey Foundation
- How to evaluate Hersey Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Hersey Foundation with AI
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.7M
+2.9% YoY
Annual Giving
$961K
-0.9% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$160K
-0.9% YoY
Under IRS private-foundation payout rules, Hersey Foundation reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Higher education
- Human services
- Community development
Grantmaking
The foundation does not accept unsolicited applications. Grants are made by invitation only.
Grant Range
$5,000 to $700,000
Ready to take the next step with Hersey Foundation?
Geographic Focus
Where this funder awards grants
The foundation funds nationally, with recent grants to organizations in Rhode Island, Minnesota, Florida, and South Dakota.
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving:
- Total assets (2024): $23.1 million
- Total assets (2023): $23.9 million
- Annual expenses: $1.1 million
- Giving rate: 4.2% of assets
Historical Giving Trends:
| Year | Total Assets | Total Giving | Number of Grants | Median Grant |
|---|---|---|---|---|
| 2024 | $23.1M | $970K | 6 | $75K |
| 2023 | $23.9M | $1.7M | 4 | $325K |
| 2022 | $26.4M | $1.0M | 11 | $20K |
| 2021 | $11.2M | $610K | 8 | $37K |
| 2020 | $11.3M | $666K | 9 | $30K |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,746,358 | $23,076,550 | $23,861,428 |
| Revenue | $1,741,043 | $335,248 | $-674,208 |
| Expenses | $1,089,205 | $1,120,126 | $1,802,856 |
| Qualifying Distributions | $1,010,756 | $972,889 | $1,693,981 |
| Net Investment Income | $1,666,923 | $352,062 | $325,373 |
| Distributable Amount | $1,214,294 | $1,102,246 | $1,160,651 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Hamm Clinic ($700,000), The Conservation Fund ($100,000), The Everglades Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HAMM CLINIC St Paul, MN | GENERAL FUND - COMMUNITY PROJECTS | $700,000 |
| THE CONSERVATION FUND Stuart, FL | GENERAL FUND - CONSERVATION PROJECTS | $100,000 |
| THE EVERGLADES FOUNDATION Palmetto Bay, FL | GENERAL FUND - COMMUNITY PROJECTS | $100,000 |
| BROWN UNIVERSITY Providence, RI | GENERAL FUND - EDUCATIONAL PURPOSES | $50,000 |
| CHRIST MEMORIAL CHAPEL Hobe Sound, FL | GENERAL FUND - RELIGIOUS ACTIVITIES | $10,000 |
| ST FELIX CHURCH Wabasha, MN | GENERAL FUND - RELIGIOUS ACTIVITIES | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Edward H Hamm Jr | President & Director | — | — |
| Shannon Hamm | VP, Treasurer & Director | — | — |
| Katherine a Haskins | Secretary & Director | — | — |
Contact Information
Address: 400 Selby Ave, Suite B Saint Paul, MN 55102
Phone: 651-289-4794
Frequently Asked Questions
What does Hersey Foundation fund?
The foundation's giving priorities include: • Higher education • Human services • Community development
How do I apply for a grant from Hersey Foundation?
**Grant Activity:** • Total giving in 2024: $970,000 • Number of grants in 2024: 6 • Grant range: $5,000 to $700,000 • Median grant size: $75,000 **Recent Grant Recipients (2023):** • Brown University ($50,000) — Educational purposes • Hamm Clinic ($700,000) — Community projects • Christ Memorial Chapel ($5,000) — Religious activities • The Everglades Foundation ($100,000) — Community projects • The Conservation Fund ($100,000) — Conservation projects • Oglala Lakota College ($15,000) — Educati…
Where does Hersey Foundation make grants?
The foundation funds nationally, with recent grants to organizations in Rhode Island, Minnesota, Florida, and South Dakota.
What size grants does Hersey Foundation award?
In 2024, Hersey Foundation awarded 6 grants totaling $961K — an average of about $160K per grant, based on its IRS Form 990 filings.
How much is Hersey Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hersey Foundation reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hersey Foundation's EIN?
Hersey Foundation's EIN (Employer Identification Number) is 23-7001771. IRS Form 990 filing data is available on this page for 2020–2024.
Does Hersey Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.