Hoffman Family Foundation Inc

TOMS RIVER, NJ EIN: 84-3589882

Hoffman Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $881K in total assets. In 2024, it awarded 8 grants totaling $27K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$881K

+1186.9% YoY

Annual Giving

$27K

-50.4% YoY

Grant Count

-52.9% YoY

Avg Grant Size

$3K

+5.5% YoY

Under IRS private-foundation payout rules, Hoffman Family Foundation Inc reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.

About Hoffman Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $134K (98%)

New York $3K (2%)

States

New Jersey New York

Cities

BrooklynCliftonEdisonLakewoodLakewooodPassaicPiscatawayPiscatawaytownshipRockaway ParkToms River

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$881,370	$68,486	$137,626
Revenue	$840,319	$-13,872	$-1,714
Expenses	$27,435	$55,269	$31,359
Qualifying Distributions	$27,435	$55,269	$31,082
Net Investment Income	—	—	—
Distributable Amount	$37,432	$36,400	$29,547

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

65 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Various Charities ($9,125), Cong Tiferes Yaakov ($5,000), Mesivta of Clifton ($5,000).

Recipient	Purpose	Amount
AHAVAS TZEDAKA LAKEWOOD, NJ	SUPPORT	$2,010
BNOS BRACHA LAKEWOOD, NJ	SUPPORT	$1,800
CHEDVAS BAIS YAAKOV LAKEWOOOD, NJ	SUPPORT	$2,500
CONG TIFERES YAAKOV LAKEWOOD, NJ	SUPPORT	$5,000
MESIVTA OF CLIFTON CLIFTON, NJ	SUPPORT	$5,000
GEMACH ZICHRON MOSHE INC PASSAIC, NJ	SUPPORT	$1,000
YST PISCATAWAY, NJ	SUPPORT	$1,000
VARIOUS CHARITIES LAKEWOOD, NJ	SUPPORT	$9,125

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Daniel Hoffman	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Hoffman Family Foundation Inc?

Hoffman Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. It holds $881K in total assets as of 2024.

How large is Hoffman Family Foundation Inc?

As of 2024, Hoffman Family Foundation Inc holds $881K in total assets with $840K in annual revenue. It awarded 8 grants totaling $27K in 2024.

Where does Hoffman Family Foundation Inc operate?

Hoffman Family Foundation Inc has awarded grants in New Jersey, New York.

What size grants does Hoffman Family Foundation Inc award?

In 2024, Hoffman Family Foundation Inc awarded 8 grants totaling $27K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Hoffman Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hoffman Family Foundation Inc reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.