Korman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it made $18K in qualifying distributions. Net investment income was $85K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+3.3% YoY
Revenue
$126K
-15.8% YoY
Qualifying Distributions
$18K
-88.7% YoY
Expenses
$45K
-75.0% YoY
Under IRS private-foundation payout rules, Korman Foundation reported a distributable amount of $128K for 2024 — the minimum it must pay out in qualifying distributions.
About Korman Foundation
Based on IRS filings
Korman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it made $18K in qualifying distributions. Net investment income was $85K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,541,302 | $2,459,862 | $2,495,452 |
| Revenue | $126,246 | $149,989 | $739,146 |
| Expenses | $44,634 | $178,381 | $185,049 |
| Qualifying Distributions | $17,825 | $157,807 | $162,717 |
| Net Investment Income | $84,663 | $192,906 | $236,841 |
| Distributable Amount | $127,590 | $115,581 | $115,555 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Korman Foundation?
Korman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. It holds $2.5M in total assets as of 2024.
How large is Korman Foundation?
As of 2024, Korman Foundation holds $2.5M in total assets with $126K in annual revenue.
Where does Korman Foundation operate?
Korman Foundation has awarded grants in Florida, Illinois, Tennessee.
How much is Korman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Korman Foundation reported a distributable amount of $128K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Korman Foundation's EIN?
Korman Foundation's EIN (Employer Identification Number) is 82-7116331. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Korman Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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