HFS Foundation
HFS Foundation is a private foundation, based in Spring Valley, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 3 grants totaling $35K. Net investment income was $5K.
Key facts about HFS Foundation
In short: HFS Foundation gave $35K across 3 grants in 2024 (avg $12K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 84-4063812
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $35,000
- Grants made (2024)
- 3
- Average grant
- $11,667
- Median grant
- $10,000
- Total assets
- $2,346,976
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+17.9% YoY
Annual Giving
$35K
-34.9% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$12K
-56.6% YoY
Under IRS private-foundation payout rules, HFS Foundation reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
How HFS Foundation gives
- In 2024 it paid out 63% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $35K (2024) to $65K (2020). In 2024 it made 3 grants totaling $35K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Izer Yusheha ($15K). Together the top 3 received $35K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 7 grants of 8 (88%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Izer Yusheha Spring Valley, NY | Charitable | $15,000 |
| Global Center of Square Spring Valley, NY | Charitable | $10,000 |
| Skver Beth Shemesh Spring Valley, NY | Charitable | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,346,976 | $1,991,278 | $652,476 |
| Revenue | $405,147 | $524,363 | $500,000 |
| Expenses | $35,000 | $53,895 | — |
| Qualifying Distributions | $35,000 | $53,725 | — |
| Net Investment Income | $5,147 | $19,363 | — |
| Distributable Amount | $55,233 | $31,865 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
HFS Foundation is led by Harry Schonfeld, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Harry Schonfeld
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about HFS Foundation
How much does HFS Foundation give each year?
HFS Foundation gave $35K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $54K across 2 grants.
What is HFS Foundation's typical grant size?
HFS Foundation's median grant in 2024 was $10,000, and its average grant was $11,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does HFS Foundation give grants?
HFS Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Spring Valley, NY (3 grants).
Does HFS Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on HFS Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (3 grants).
How large is HFS Foundation?
HFS Foundation reported $2.3M in total assets on its 2024 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $55K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is HFS Foundation's EIN?
HFS Foundation's EIN (Employer Identification Number) is 84-4063812. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching HFS Foundation by hand.
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