Jane & Leonard Korman Family Foundation
The Jane & Leonard Korman Family Foundation is a private foundation based in Trevose, Pennsylvania. Its 2024 grants supported organizations in areas including health care, human services, arts and culture, education, and Jewish community life.
Key facts about Jane & Leonard Korman Family Foundation
In short: Jane & Leonard Korman Family Foundation gave $6.2M across 22 grants in 2024 (avg $280K), mostly in Pennsylvania. 14% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-4253701
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,161,781
- Grants made (2024)
- 22
- Average grant
- $280,081
- Median grant
- $17,500
- New grantees (estimate)
- 14% first-time grantees (3 of 22, 2024)
- Total assets
- $3,445,476
- Primary geography
- Pennsylvania (96% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; 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 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
-62.3% YoY
Annual Giving
$6.2M
+125.5% YoY
Grant Count
22
+0.0% YoY
Avg Grant Size
$280K
+125.5% YoY
Under IRS private-foundation payout rules, Jane & Leonard Korman Family Foundation reported a distributable amount of $751K for 2024 — the minimum it must pay out in qualifying distributions.
Is Jane & Leonard Korman Family Foundation open to new grantees?
14%
first-time grantees, 2024
In 2024, 3 of 22 grantees (14%) were first-time recipients. First grants averaged $1.5M; repeat grants $91K. How we count
Medians: $1.5M first-time, $15K repeat.
- 77% of 2024 grantees were also funded in 2023. Method
- Giving grew 397% from 2021 to 2024. Method
- In 2024 it paid out 428% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 mission statement for the foundation is provided. Its 2024 grants included support for hospitals and medical care, organizations providing assistance to families in need, arts organizations, educational institutions, and a Reform Jewish synagogue.
Among the grantees, Mitzvah Circle Foundation describes its mission as supporting individuals and families facing crisis, poverty, homelessness, or serious illness who cannot obtain immediate or sufficient help from government agencies and traditional service organizations. Wills Eye Foundation says it raises funds to support Wills Eye entities, including a hospital, ambulatory surgical centers, and an ophthalmology clinic.
Grantmaking
In filing year 2024, the foundation reported 22 grants totaling $6,161,781. Grant amounts ranged from $5,000 to $2,950,229, with a median of $17,500. The reported total includes substantial asset transfers connected with the foundation’s liquidation and restructuring.
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Geographic Focus
Where this funder awards grants
In 2024, 96% of grant dollars went to recipients in Pennsylvania and 4% to recipients in Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $838K (2022) to $6.2M (2024). In 2024 it made 22 grants totaling $6.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Korman Feldman Family Foundation ($3.0M). Together the top 10 received $6.0M.
Grant Size Distribution
113 grants across all recorded years
The most common grant size was under $50K: 91 grants of 113 (81%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Korman Feldman Family Foundation Fort Washington, PA | Transfer of assets to successor foundation as part of family foundation restructuring; not treated as a qualifying distribution under irc 4942. | $2,950,229 |
| Jewish Federation of Greater Phila Daf Philadelphia, PA | Transfer of assets to establish/augment donor-advised-fund (the catherine s korman family donor advised fund) at sponsoring organization | $1,478,640 |
| Jefferson University -Respiratory Center - 6TH of 7 (Multi Year) Philadelphia, PA | Support the hospital so they can provide the best patient care. | $500,000 |
| Jewish Federation of Greather Phila Philadelphia, PA | Transfer of assets to establish/augment donor-advised-fund (the catherine s korman family donor advised fund) at sponsoring organization | $407,312 |
| Mitzvah Circle Foundation Norristown, PA | Supporting Struggling Local Families in Need | $300,000 |
| Norton Museum of Art- Final Pledge (Multi Year) West Palm Beach, FL | Support museum in its goal to preserve, collect, exhibit, and interpret art as well as educate the community | $240,000 |
| Congregation Beth OR Ambler, PA | Support the Mission of the Reform Jewish Synagogue. | $79,000 |
| Jefferson Hospital Philadelphia, PA | Support the hospital so they can provide the best patient care. | $49,400 |
| Fabric Workshop Philadelphia, PA | Support the Advancement of the Arts | $25,000 |
| Germantown Academy- Annual Fund Fort Washington, PA | Support the Educational Mission of the Academy. | $20,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $3,445,476 | $631,764 | $6,332,326 | $6,161,781 | 22 |
| 2023 | $9,146,038 | $2,802,337 | $2,854,460 | $2,733,025 | 22 |
| 2022 | $8,730,449 | $1,274,227 | $991,092 | $838,000 | 22 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,445,476 | $9,146,038 | $8,730,449 |
| Revenue | $631,764 | $2,802,337 | $1,274,227 |
| Expenses | $6,332,326 | $2,854,460 | $991,092 |
| Qualifying Distributions | $3,211,552 | $2,733,025 | $838,000 |
| Net Investment Income | $520,361 | $344,674 | $1,136,745 |
| Distributable Amount | $750,699 | $668,381 | $665,428 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Alison Korman Feldman as President, CEO, and Life Director; Susan Korman Schurr as Vice President and Life Director; Catherine Korman Altman as Treasurer and Life Director; and Carol Borgmann as Officer and Secretary.
Jane & Leonard Korman Family Foundation is led by Alison Korman Feldman, President, CEO & Life Director since 2023 (on filings since 2020); 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Alison Korman Feldman
President, CEO & Life Director
Director → Co Vice President, Co Treasurer & Life, 2022
Co Vice President, Co Treasurer & Life → President, CEO & Life Director, 2023
On filings since 2020
5 hrs/week
No compensation reported
Catherine Korman Altman
Treasurer & Life Director
Director → Co Vice President, Co Treasurer & Life, 2022
Co Vice President, Co Treasurer & Life → Treasurer & Life Director, 2023
On filings since 2020
5 hrs/week
No compensation reported
Susan Korman Schurr
Vice President & Life Director
Director → Co Vice President, Co Treasurer & Life, 2022
Co Vice President, Co Treasurer & Life → Vice President & Life Director, 2023
On filings since 2020
5 hrs/week
No compensation reported
Carol Borgmann
Officer & Secretary
On filings since 2022
5 hrs/week
$57K (2023) → $57K (2024)
Former officers (2)
- Former: Leonard Korman Dec'd (2022) — President, CEO Treasurer & Lifetime Di
- Former: Leonard Korman (2020–2021) — President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $57K, to Carol Borgmann (Officer & Secretary).
Contact
Mailing address: 8 Neshaminy Interplex Suite 400, Trevose, PA 19053
Phone: (215) 244-5159
Frequently asked questions about Jane & Leonard Korman Family Foundation
How much does Jane & Leonard Korman Family Foundation give each year?
Jane & Leonard Korman Family Foundation gave $6.2M across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.7M across 22 grants.
What is Jane & Leonard Korman Family Foundation's typical grant size?
Jane & Leonard Korman Family Foundation's median grant in 2024 was $17,500, and its average grant was $280,081, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Jane & Leonard Korman Family Foundation that year got $1.5M on average.
Where does Jane & Leonard Korman Family Foundation give grants?
Jane & Leonard Korman Family Foundation gives mostly in Pennsylvania: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (12 grants), Fort Washington, PA (2 grants) and Ambler, PA (2 grants).
Does Jane & Leonard Korman Family Foundation give general operating support?
Occasionally: 5% of Jane & Leonard Korman Family Foundation's 2024 grants with a stated purpose (1 of 22) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Jane & Leonard Korman Family Foundation's largest grantees?
Jane & Leonard Korman Family Foundation's largest 2024 grantees include Korman Feldman Family Foundation ($2,950,229), Jewish Federation of Greater Phila Daf ($1,478,640) and Jefferson University -Respiratory Center - 6TH of 7 (Multi Year) ($500,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is Jane & Leonard Korman Family Foundation?
Jane & Leonard Korman Family Foundation reported $3.4M in total assets on its 2024 IRS Form 990-PF. It paid out $3.2M in qualifying distributions that year, against a required minimum of $751K (roughly 5% of its investment assets).
What does Jane & Leonard Korman Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for hospitals and medical care, organizations providing assistance to families in need, arts organizations, educational institutions, and a Reform Jewish synagogue. See mission & focus areas ↑
How do I apply for a grant from Jane & Leonard Korman Family Foundation?
The foundation 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 ↑
What is Jane & Leonard Korman Family Foundation's EIN?
Jane & Leonard Korman Family Foundation's EIN (Employer Identification Number) is 20-4253701. IRS Form 990 filing data is available on this page for 2020–2024.
Does Jane & Leonard 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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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