Hyman Korman Family Foundation
The Hyman Korman Family Foundation is a private foundation based in New York, New York. Its 2023 filing reports 12 grants totaling $2,378,000; its 2024 and 2025 filings report no grants.
Hyman Korman Family Foundation at a glance
- Total assets
- $23,257
- -8.8% vs 2024
- Revenue (2025)
- $139
- +892.9% vs 2024
- Qualifying distributions (2025)
- $1,187
- Expenses (2025)
- $2,375
- +5.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hyman Korman Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: C/O Bbh Co 140 Broadway Pb-Tax S, New York, NY 10005
Phone: (215) 244-5102
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hyman Korman Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 20 grants of 30 (67%).
Geographic Focus
Where this funder awards grants
The listed 2023 grants include organizations in New York, New York, and Philadelphia, Pennsylvania.
Grant Distribution by State
Cities
Is Hyman Korman Family Foundation open to new grantees?
25%
first-time grantees, 2023
In 2023, 3 of 12 grantees (25%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $367K; repeat grants $142K. How we count
Medians: $50K first-time, $15K repeat.
- 75% of 2023 grantees were also funded in 2022. Method
- Giving grew 755% from 2020 to 2023. Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $278K (2019) to $2.4M (2023). In 2023 it made 12 grants totaling $2.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Germantown Academy Fort Washington, PA | General Purpose | $1,020,000 |
| Thomas Jefferson University Hospital Philadelphia, PA | General | $1,000,000 |
| Albert Einstein Healthcare Network Philadelphia, PA | General Purpose | $100,000 |
| Jewish Federation of Greater Philadelphia Philadelphia, PA | General Purpose | $100,000 |
| Onefamily Fund Teaneck, NJ | General | $50,000 |
| Anti-Defamation League New York, NY | General | $50,000 |
| Thomas Jefferson University Philadelphia, PA | General Purpose | $15,000 |
| Keneseth Israel Elkins Park, PA | General Purpose | $15,000 |
| Cystic Fibrosis Foundation Broomall, PA | General Purpose | $10,000 |
| Talmudical Yeshiva of Philadelphia Philadelphia, PA | General Purpose | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $23,257 | $139 | $2,375 | — | — | $1,187 | — | $1,165 |
| 2024 | $25,493 | $14 | $2,260 | — | — | — | $14 | $1,278 |
| 2023 | $27,739 | $236,170 | $2,387,279 | $2,378,000 | 12 | $2,383,215 | $232,756 | $81,624 |
| 2022 | $2,178,841 | $75,299 | $285,935 | $278,000 | 9 | $280,515 | $69,879 | $123,992 |
| 2021 | $2,389,481 | $205,856 | $290,251 | $278,000 | 9 | $280,815 | $198,447 | $142,004 |
| 2020 | $2,475,616 | $153,081 | $292,827 | $278,000 | 9 | — | $144,100 | $143,969 |
| 2019 | $2,615,361 | $215,304 | $288,895 | $278,000 | 9 | — | $201,040 | $149,373 |
Under IRS private-foundation payout rules, Hyman Korman Family Foundation reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement or formal funding priorities are stated in the available information. Among its 2023 grantees, the Anti-Defamation League describes its mission as fighting antisemitism and other forms of hate, while Thomas Jefferson University describes itself as a comprehensive university focused on education, research, and discovery.
Grantmaking
In 2023, the foundation reported 12 grants totaling $2,378,000. Examples include $50,000 to the Anti-Defamation League in New York, New York, and $15,000 to Thomas Jefferson University in Philadelphia, Pennsylvania. The available information does not establish a typical grant size.
Leadership & Key People
Leadership team and compensation from IRS filings
Steven H Korman is listed as a trustee on the 2025 filing.
Hyman Korman Family Foundation is led by Steven H. Korman, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Steven H. Korman
Trustee
On filings since 2019
1 hr/week
No compensation reported
Former officers (2)
- Former: Berton E. Korman (2019–2022) — Trustee
- Former: Leonard I. Korman (2019–2022) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Hyman Korman Family Foundation
How large is Hyman Korman Family Foundation?
Hyman Korman Family Foundation reported $23K in total assets on its 2025 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
What does Hyman Korman Family Foundation fund?
No mission statement or formal funding priorities are stated in the available information. See mission & focus areas ↑
How do I apply for a grant from Hyman Korman Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Hyman Korman Family Foundation make grants?
The listed 2023 grants include organizations in New York, New York, and Philadelphia, Pennsylvania.
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 2019–2025.
Does Hyman Korman Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 29, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
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