Laurence E Herman Family Foundation
Laurence E Herman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 15 grants totaling $117K. Net investment income was $167K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+16.4% YoY
Annual Giving
$117K
-4.2% YoY
Grant Count
15
-16.7% YoY
Avg Grant Size
$8K
+15.0% YoY
Under IRS private-foundation payout rules, Laurence E Herman Family Foundation reported a distributable amount of $136K for 2024 — the minimum it must pay out in qualifying distributions.
About Laurence E Herman Family Foundation
Based on IRS filings
Laurence E Herman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 15 grants totaling $117K. Net investment income was $167K.
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 | $2,966,280 | $2,547,439 | $2,193,310 |
| Revenue | $195,262 | $58,429 | $-52,638 |
| Expenses | $146,125 | $147,861 | $166,190 |
| Qualifying Distributions | $117,825 | $122,925 | $139,190 |
| Net Investment Income | $167,220 | $33,493 | $7,364 |
| Distributable Amount | $136,409 | $118,154 | $123,114 |
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
78 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Charitable Giving ($101,000), University of Illinois Foundation ($3,250), Erie Family Health Foundation ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| OLD TOWN SCHOOL OF FOLK MUSIC CHICAGO, IL | ADVOCACY | $1,500 |
| ERIE FAMILY HEALTH FOUNDATION CHICAGO, IL | ADVOCACY | $2,500 |
| UNITED STATES HOLOCAUST MEMORIAL MU WASHINGTON, DC | ADVOCACY | $1,350 |
| UNIVERSITY OF ILLINOIS FOUNDATION URBANA, IL | ADVOCACY | $3,250 |
| GREATER CHICAGO FOOD DEPOSITORY CHICAGO, IL | ADVOCACY | $250 |
| RONALD MCDONALD HOUSE CHARITIES OAK BROOK, IL | ADVOCACY | $1,000 |
| DUPAGE PADS WHEATON, IL | ADVOCACY | $500 |
| FIDELITY CHARITABLE GIVING CINCINATTI, OH | ADVOCACY | $101,000 |
| FOLDS OF HONOR INVERNESS, IL | ADVOCACY | $500 |
| CAMP THUNDERBIRD MINNEAPOLIS, MN | ADVOCACY | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURENCE E HERMAN | Director | — | — |
| LESLIE S HERMAN | Director | — | — |
| LAURA B WINTER | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Laurence E Herman Family Foundation?
Laurence E Herman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. It holds $3.0M in total assets as of 2024.
How large is Laurence E Herman Family Foundation?
As of 2024, Laurence E Herman Family Foundation holds $3.0M in total assets with $195K in annual revenue. It awarded 15 grants totaling $117K in 2024.
Where does Laurence E Herman Family Foundation operate?
Laurence E Herman Family Foundation has awarded grants in California, District of Columbia, Illinois, Minnesota, New York, Ohio.
What size grants does Laurence E Herman Family Foundation award?
In 2024, Laurence E Herman Family Foundation awarded 15 grants totaling $117K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Laurence E Herman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Laurence E Herman Family Foundation reported a distributable amount of $136K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Laurence E Herman Family Foundation's EIN?
Laurence E Herman Family Foundation's EIN (Employer Identification Number) is 26-2387412. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Laurence E Herman Family 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.