Isermann Family Foundation Inc
The Isermann Family Foundation is a private foundation based in Morristown, New Jersey. Established in 1985, it operates as a grantmaking organization focused on supporting charitable causes across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
+4.5% YoY
Annual Giving
$637K
+13.8% YoY
Grant Count
33
+13.8% YoY
Avg Grant Size
$19K
-0.0% YoY
Under IRS private-foundation payout rules, Isermann Family Foundation Inc reported a distributable amount of $662K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Health and Medical Services
- Community Health
- Health and Wellness
The foundation provides general charitable support and has funded initiatives including science medal programs, psychiatric centers, gait and motion analysis systems, and continuing education programs.
Grantmaking
The foundation appears possibly open to applications based on recent tax filings, though it operates with limited staffing.
Grant Range
$1,000 to $100,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Florida
- South Carolina
- New York
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $6,381,479
- Total Giving: $637,000
- Total Revenues: $1,031,453
- Total Expenses: $753,973
- Number of Employees: 0
As of December 2023:
- Assets: $13,000,000 (approximately)
- Distributions: $590,000
The foundation has no paid staff and operates with volunteer leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,381,479 | $6,103,999 | $6,155,663 |
| Revenue | $1,031,453 | $344,901 | $110,511 |
| Expenses | $753,973 | $676,974 | $762,305 |
| Qualifying Distributions | $665,609 | $589,874 | $690,557 |
| Net Investment Income | $943,059 | $257,802 | $45,928 |
| Distributable Amount | $662,419 | $568,174 | $547,907 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
155 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Jude Children's Research Hospital ($100,000), Sarasota Memorial Healthcare Foundation ($50,000), Dolphins Cycling Challenge Inc ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADRIENNE ARSHT CENTER TRUST MIAMI, FL | GENERAL CHARITABLE SUPPORT | $10,000 |
| ALL FAITHS FOOD BANK SARASOTA, FL | GENERAL CHARITABLE SUPPORT | $20,000 |
| AMERICAN FRIENDS UNITED HATZALAH | GENERAL CHARITABLE SUPPORT | $25,000 |
| CENTRAL FLORDIA ZOO & BOTANICAL GARDENS SANFORD, FL | GENERAL CHARITABLE SUPPORT | $5,000 |
| COMMUNITY FOUNDATION OF GREENVILLE (HELLER HERITAGE ON THE GREEN FUND) GREENVILLE, SC | GENERAL CHARITABLE SUPPORT | $20,000 |
| COMMUNITY FOUNDATION OF GREENVILLE (HURRICANE RELIEF EFFORTS) GREENVILLE, SC | GENERAL CHARITABLE SUPPORT | $10,000 |
| CONGREGATION BETH ISRAEL OF GREENVILLE SOUTH CAROLINA GREENVILLE, SC | GENERAL CHARITABLE SUPPORT | $11,000 |
| DOLPHINS CYCLING CHALLENGE INC MIAMI GARDENS, FL | GENERAL CHARITABLE SUPPORT | $35,000 |
| DR PHILLIPS CENTER FOR THE PERFORMING ARTS ORLANDO, FL | GENERAL CHARITABLE SUPPORT | $20,000 |
| FLORIDA AQUARIUM TAMPA, FL | GENERAL CHARITABLE SUPPORT | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Gene R Korf – Secretary (1 hour/week, $15,000 compensation)
- Scott Korf – Trustee (1 hour/week, $15,000 compensation)
- Neil Korf – Trustee (1 hour/week, $15,000 compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GENE R KORF | SECY. | 1 | $15,000 |
| SCOTT KORF | TRUSTEE | 1 | $15,000 |
| NEIL KORF | TRUSTEE | 1 | $15,000 |
Frequently Asked Questions
What does Isermann Family Foundation Inc fund?
The foundation's primary funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Health and Medical Services • Community Health • Health and Wellness The foundation provides general charitable support and has funded initiatives including science medal programs, psychiatric centers, gait and motion analysis systems, and continuing education programs.
How do I apply for a grant from Isermann Family Foundation Inc?
**Grant Characteristics:** • Typical grant range: $1,000 to $100,000 • Median grant amount: $15,000 • Recent grant activity: 27-33 grants annually **Recent Grantees (2024):** • Sarasota Memorial Healthcare Foundation: $50,000 • Dolphins Cycling Challenge: $35,000 • Aviva Senior Living: $35,000 • Rensselaer Polytechnic Institute (among other recipients) **Application Status:** The foundation appears possibly open to applications based on recent tax filings, though it operates with limited staffi…
Where does Isermann Family Foundation Inc make grants?
The foundation primarily funds organizations in: • Florida • South Carolina • New York
What size grants does Isermann Family Foundation Inc award?
In 2024, Isermann Family Foundation Inc awarded 33 grants totaling $637K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Isermann Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Isermann Family Foundation Inc reported a distributable amount of $662K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Isermann Family Foundation Inc's EIN?
Isermann Family Foundation Inc's EIN (Employer Identification Number) is 22-2615361. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Isermann Family Foundation Inc'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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