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
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 .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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