Isermann Family Foundation Inc
Isermann Family Foundation Inc is a private foundation based in Morristown, New Jersey. In its 2025 filing, it reported 31 grants totaling $744,000, all listed as general charitable support.
Key facts about Isermann Family Foundation Inc
In short: Isermann Family Foundation Inc gave $744K across 31 grants in 2025 (avg $24K), mostly in Florida. 10% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 22-2615361
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $744,000
- Grants made (2025)
- 31
- Average grant
- $24,000
- Median grant
- $20,000
- New grantees (estimate)
- 10% first-time grantees (3 of 31, 2025)
- Total assets
- $6,386,797
- Primary geography
- Florida (65% of itemized 2025 grant dollars)
- Deadline
- N/A
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$6.4M
+0.1% YoY
Annual Giving
$744K
+16.8% YoY
Grant Count
31
-6.1% YoY
Avg Grant Size
$24K
+24.3% YoY
Under IRS private-foundation payout rules, Isermann Family Foundation Inc reported a distributable amount of $771K for 2025 — the minimum it must pay out in qualifying distributions.
Is Isermann Family Foundation Inc open to new grantees?
10%
first-time grantees, 2025
In 2025, 3 of 31 grantees (10%) were first-time recipients. First grants averaged $23K; repeat grants $24K. How we count
Medians: $25K first-time, $17K repeat.
- 84% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission statement is provided. Its 2025 grantees illustrate the range of organizations it supports. St. Jude Children’s Research Hospital describes its mission as advancing cures and prevention for pediatric catastrophic diseases through research and treatment. All Faiths Food Bank says it works with partners to provide healthy solutions to end hunger in its community. Roundabout Theatre Company describes its work as producing plays and musicals, supporting playwrights, and educating audiences. Fostering Great Ideas states that it works to improve the lives of children in foster care.
Other 2025 recipients included Sarasota Memorial Healthcare Foundation, which describes itself as a philanthropic partner supporting Sarasota Memorial Health Care System, and Dolphins Cycling Challenge, which says it raises funds for cancer research and treatment while promoting cancer awareness and education.
Grantmaking
In 2025, the foundation made 31 grants totaling $744,000. Grants ranged from $5,000 to $100,000, with a median of $20,000. The largest listed awards were $100,000 to St. Jude Children’s Research Hospital and $55,000 to Sarasota Memorial Healthcare Foundation. Other notable grants included $45,000 each to Community Foundation of Greenville’s Heller Heritage on the Green Fund, Dolphins Cycling Challenge, and The Jewish Federation of Sarasota-Manatee.
Review Cycle
N/A
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Geographic Focus
Where this funder awards grants
In 2025, 65% of grant dollars went to recipients in Florida, 21% to New York, 13% to South Carolina, and 1% to Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 31 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $560K (2023) to $744K (2025). In 2025 it made 31 grants totaling $744K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Jude Children's Research Hospital ($100K). Together the top 10 received $440K.
Grant Size Distribution
159 grants across all recorded years
The most common grant size was under $50K: 147 grants of 159 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Jude Children's Research Hospital New York, NY | General Charitable Support | $100,000 |
| Sarasota Memorial Healthcare Foundation Sarasota, FL | General Charitable Support | $55,000 |
| Community Foundation of Greenville (Heller Heritage on the Green Fund) Greenville, SC | General Charitable Support | $45,000 |
| Dolphins Cycling Challenge Inc Miami Gardens, FL | General Charitable Support | $45,000 |
| The Jewish Federation of Sarasota- Manatee Sarasota, FL | General Charitable Support | $45,000 |
| Sarasota Manatee Jewish Housing Council Inc Sarasota, FL | General Charitable Support | $40,000 |
| Florida International University Foundation Miami, FL | General Charitable Support | $30,000 |
| Jewish Family & Children Services of the Suncoast Sarasota, FL | General Charitable Support | $30,000 |
| National Baseball Hall of Fame Cooperstown, NY | General Charitable Support | $25,000 |
| Straz Center for Performing Arts Tampa, FL | General Charitable Support | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $6,386,797 | $853,757 | $864,747 | $744,000 |
| 2024 | $6,381,479 | $1,031,453 | $753,973 | $637,000 |
| 2023 | $6,103,999 | $344,901 | $676,974 | $560,000 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,386,797 | $6,381,479 | $6,103,999 |
| Revenue | $853,757 | $1,031,453 | $344,901 |
| Expenses | $864,747 | $753,973 | $676,974 |
| Qualifying Distributions | $772,688 | $665,609 | $589,874 |
| Net Investment Income | $761,698 | $943,059 | $257,802 |
| Distributable Amount | $770,720 | $662,419 | $568,174 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 5, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Gene R. Korf as secretary and Scott Korf and Neil Korf as trustees.
Isermann Family Foundation Inc's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Neil Korf
Trustee
On filings since 2019
1 hr/week
$10K (2019) → $15K (2025)
Scott Korf
Trustee
On filings since 2019
1 hr/week
$10K (2019) → $15K (2025)
Gene R. Korf
Secretary
On filings since 2019
1 hr/week
$10K (2019) → $15K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to Gene R Korf (Secy.). 3 officers or directors reported compensation on that filing.
Contact
Application contact: Gene R Korf
Mailing address: 89 Headquarters Plaza North Tower, 14Th Floor, Morristown, NJ 07960
Phone: (973) 993-1743
Frequently asked questions about Isermann Family Foundation Inc
How much does Isermann Family Foundation Inc give each year?
Isermann Family Foundation Inc gave $744K across 31 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $637K across 33 grants.
What is Isermann Family Foundation Inc's typical grant size?
Isermann Family Foundation Inc's median grant in 2025 was $20,000, and its average grant was $24,000, across 31 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Isermann Family Foundation Inc that year got $23K on average.
Where does Isermann Family Foundation Inc give grants?
Isermann Family Foundation Inc gives mostly in Florida: 65% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (21%) and South Carolina (13%). The most frequent recipient cities were Sarasota, FL (9 grants), Miami, FL (5 grants), New York, NY (3 grants) and Greenville, SC (3 grants).
Does Isermann Family Foundation Inc give general operating support?
Yes: 97% of Isermann Family Foundation Inc's 2025 grants with a stated purpose (30 of 31) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Isermann Family Foundation Inc's largest grantees?
Isermann Family Foundation Inc's largest 2025 grantees include St Jude Children's Research Hospital ($100,000), Sarasota Memorial Healthcare Foundation ($55,000) and Community Foundation of Greenville (Heller Heritage on the Green Fund) ($45,000), according to its 2025 IRS Form 990-PF. Together they received 27% of its itemized 2025 grant dollars.
How large is Isermann Family Foundation Inc?
Isermann Family Foundation Inc reported $6.4M in total assets on its 2025 IRS Form 990-PF. It paid out $773K in qualifying distributions that year, against a required minimum of $771K (roughly 5% of its investment assets).
What does Isermann Family Foundation Inc fund?
No foundation mission statement is provided. Its 2025 grantees illustrate the range of organizations it supports. St. Jude Children’s Research Hospital describes its mission as advancing cures and prevention for pediatric catastrophic diseases through research and treatment. See mission & focus areas ↑
How do I apply for a grant from Isermann Family Foundation Inc?
Isermann Family Foundation Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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