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
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
No grants recorded for .
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 |
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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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