Hyman Korman Family Foundation
The Hyman Korman Family Foundation is a private family foundation based in New York City. Established as a trust in 1947 in Pennsylvania, the foundation received its tax-exempt status in September 1949. It operates as a 501(c)(3) organization, making it eligible to receive tax-deductible donations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25K
-8.1% YoY
Revenue
$14
-100.0% YoY
Net Investment Income
$14
-100.0% YoY
Expenses
$2K
-99.9% YoY
Under IRS private-foundation payout rules, Hyman Korman Family Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities focus primarily on:
- Jewish agencies and temples
- Higher education
Grantmaking
Based on recent financial filings, the foundation maintains minimal active grantmaking activity. In 2024, the foundation reported $14 in revenue and $2,260 in expenses, with net assets of $25,493.
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Geographic Focus
Where this funder awards grants
The foundation operates primarily in the New York area, with documented grantmaking extending to Pennsylvania-based organizations.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $25,493
- Total Revenue: $14
- Total Expenses: $2,260
- Total Liabilities: $0
- Net Income: -$2,246
The foundation's financial position has declined significantly over recent years, with minimal current grantmaking capacity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,493 | $27,739 | $2,178,841 |
| Revenue | $14 | $236,170 | $75,299 |
| Expenses | $2,260 | $2,387,279 | $285,935 |
| Qualifying Distributions | — | $2,383,215 | $280,515 |
| Net Investment Income | $14 | $232,756 | $69,879 |
| Distributable Amount | $1,278 | $81,624 | $123,992 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN H KORMAN | TRUSTEE | 1 | — |
Contact Information
- Location: C/O BBH Co, 140 Broadway, New York City, NY 10005
- Telephone: 215-244-5102
- EIN: 23-6297326
Frequently Asked Questions
What does Hyman Korman Family Foundation fund?
The foundation's giving priorities focus primarily on: • Jewish agencies and temples • Higher education
How do I apply for a grant from Hyman Korman Family Foundation?
Based on recent financial filings, the foundation maintains minimal active grantmaking activity. In 2024, the foundation reported $14 in revenue and $2,260 in expenses, with net assets of $25,493. Historical grant activity shows the foundation has made awards ranging from $3,000 to $1,020,000. A documented grant of $10,000 was awarded to the Cystic Fibrosis Foundation / Delaware Valley Chapter in 2023 for general purpose support.
Where does Hyman Korman Family Foundation make grants?
The foundation operates primarily in the New York area, with documented grantmaking extending to Pennsylvania-based organizations.
How much is Hyman Korman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hyman Korman Family Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hyman Korman Family Foundation's EIN?
Hyman Korman Family Foundation's EIN (Employer Identification Number) is 23-6297326. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hyman Korman Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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