Molly and Joseph Herman Foundation
Molly and Joseph Herman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLAGSTAFF, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $240K in total assets. In 2024, it awarded 11 grants totaling $11K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$240K
+8.0% YoY
Annual Giving
$11K
-84.2% YoY
Grant Count
11
-71.1% YoY
Avg Grant Size
$1K
-45.4% YoY
Under IRS private-foundation payout rules, Molly and Joseph Herman Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Molly and Joseph Herman Foundation
Based on IRS filings
Molly and Joseph Herman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLAGSTAFF, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $240K in total assets. In 2024, it awarded 11 grants totaling $11K. Net investment income was $5K.
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 | $239,731 | $221,972 | $217,996 |
| Revenue | $30,911 | $75,897 | $84,619 |
| Expenses | $13,152 | $71,921 | $102,227 |
| Qualifying Distributions | $11,000 | $69,550 | $105,550 |
| Net Investment Income | $4,812 | $4,264 | $3,496 |
| Distributable Amount | $17,992 | $15,125 | $15,468 |
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
192 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cancer Support Community Arizona ($1,000), Flagstaff Shakespeare Festival ($1,000), Flagstaff Shelter Services ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CANCER SUPPORT COMMUNITY ARIZONA FLAGSTAFF, AZ | SUPPORTING FLAGSTAFF RESIDENTS IMPACTED BY CANCER | $1,000 |
| FLAGSTAFF SHAKESPEARE FESTIVAL FLAGSTAFF, AZ | FLAGSHAKES 2024-2025 SEASON | $1,000 |
| FLAGSTAFF SHELTER SERVICES FLAGSTAFF, AZ | EMERGENCY SUPPORT SHELTER | $1,000 |
| HERITAGE SQUARE TRUST FLAGSTAFF, AZ | SUMMER CONCERT SERIES & KIDS SQUARED | $1,000 |
| NORTHLAND HOSPICE AND PALLIATIVE CA FLAGSTAFF, AZ | HOSPICE HOME PATIENT ASSISTANCE | $1,000 |
| ST MARY'S FOOD BANK ALLIANCE PHOENIX, AZ | FLAGSTAFF FOOD DISTRIBUTION PROGRAM | $1,000 |
| INTEGRATED FAMILY COURT FLAGSTAFF, AZ | ROLLERCOASTERS DIVORCE EDUCATION PROGRAM FOR CHILDREN AND TEENS | $1,000 |
| PUENTE DE HOZHO FLAGSTAFF, AZ | MERGING EDUCATIONAL PROGRAMS | $1,000 |
| THEATRIKOS THEATRE COMPANY FLAGSTAFF, AZ | PUBLIC OUTREACH MARKETING | $1,000 |
| TYNKERTOPIA FLAGSTAFF, AZ | COMMUNITY-BASED STEAM LEARNING | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MAURY HERMAN | Member | — | — |
| KAREN KINNE-HERMAN | Chairman | — | — |
| MICHAEL HERMAN | Secretary | — | — |
| JULIE ZALKIND | Treasurer | — | — |
| REBECCA HERMAN | President | — | — |
| DAVID ZALKIND | Member | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Molly and Joseph Herman Foundation?
Molly and Joseph Herman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLAGSTAFF, AZ. It holds $240K in total assets as of 2024.
How large is Molly and Joseph Herman Foundation?
As of 2024, Molly and Joseph Herman Foundation holds $240K in total assets with $31K in annual revenue. It awarded 11 grants totaling $11K in 2024.
Where does Molly and Joseph Herman Foundation operate?
Molly and Joseph Herman Foundation has awarded grants in Arizona, California, Colorado, District of Columbia, New Mexico, Texas, Virginia.
What size grants does Molly and Joseph Herman Foundation award?
In 2024, Molly and Joseph Herman Foundation awarded 11 grants totaling $11K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Molly and Joseph Herman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Molly and Joseph Herman Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Molly and Joseph Herman Foundation's EIN?
Molly and Joseph Herman Foundation's EIN (Employer Identification Number) is 86-0789922. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.