Hershman Family Foundation Inc is a private foundation focused on Philanthropy, based in WOODSBURGH, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $604K in total assets. In 2024, it awarded 18 grants totaling $234K. Net investment income was $72K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$604K
+14.9% YoY
Annual Giving
$234K
-8.0% YoY
Grant Count
18
+5.9% YoY
Avg Grant Size
$13K
-13.2% YoY
Under IRS private-foundation payout rules, Hershman Family Foundation Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Hershman Family Foundation Inc
Based on IRS filings
Hershman Family Foundation Inc is a private foundation focused on Philanthropy, based in WOODSBURGH, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $604K in total assets. In 2024, it awarded 18 grants totaling $234K. Net investment income was $72K.
Focus Areas
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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 | $603,700 | $525,414 | $481,285 |
| Revenue | $319,349 | $299,590 | $301,499 |
| Expenses | $241,063 | $255,461 | $287,289 |
| Qualifying Distributions | $236,932 | $254,367 | $286,738 |
| Net Investment Income | $71,818 | $38,090 | $64,617 |
| Distributable Amount | $34,630 | $30,742 | $33,719 |
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
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Yad Chaya ($110,000), Hachaim Vehashalom ($36,000), Simchat Tzion ($21,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ALUMIM HAKATAN | GENERAL SUPPORT | $6,700 |
| AMERICAN FRIENDS OF ERETZ HEMDAH CHICAGO, IL | GENERAL SUPPORT | $10,000 |
| AMERICAN FRIENDS OF KETER TORAH INC BROOKLYN, NY | GENERAL SUPPORT | $18,000 |
| CHASDEI YISROEL INC CEDARHURST, NY | GENERAL SUPPORT | $1,000 |
| CHOFETZ CHAIM TORAH CENTER CEDARHURST, NY | GENERAL SUPPORT | $500 |
| CONGREGATION AISH KODESH NEW YORK, NY | GENERAL SUPPORT | $5,150 |
| CONGREGATION WOODSBURGH MINYAN WOODMERE, NY | GENERAL SUPPORT | $860 |
| GEMILOS CHASODIM CHASDEL MOSHE BROOKLYN, NY | GENERAL SUPPORT | $10,000 |
| HACHAIM VEHASHALOM CEDARHURST, NY | GENERAL SUPPORT | $36,000 |
| IN HIS IMAGE CHARITABLE TRUST LYNBROOK, NY | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONNIE HERSHMAN | PRESIDENT | 2 | — |
| HANNAH HERSHMAN | VICE PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hershman Family Foundation Inc?
Hershman Family Foundation Inc is a private foundation focused on Philanthropy, based in WOODSBURGH, NY. It holds $604K in total assets as of 2024.
How large is Hershman Family Foundation Inc?
As of 2024, Hershman Family Foundation Inc holds $604K in total assets with $319K in annual revenue. It awarded 18 grants totaling $234K in 2024.
Where does Hershman Family Foundation Inc operate?
Hershman Family Foundation Inc has awarded grants in Colorado, Florida, Illinois, Maryland, New Jersey, New York, Pennsylvania.
What size grants does Hershman Family Foundation Inc award?
In 2024, Hershman Family Foundation Inc awarded 18 grants totaling $234K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Hershman Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hershman Family Foundation Inc reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hershman Family Foundation Inc's EIN?
Hershman Family Foundation Inc's EIN (Employer Identification Number) is 11-3178650. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hershman Family Foundation Inc'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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