Oliver E for Ally Herc 3

PITTSBURGH, PA EIN: 25-6018898

Oliver E for Ally Herc 3 is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $857K in total assets. In 2024, it awarded 1 grants totaling $44K. Net investment income was $24K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$857K

-2.6% YoY

Annual Giving

$44K

+2.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$44K

+2.0% YoY

Under IRS private-foundation payout rules, Oliver E for Ally Herc 3 reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.

About Oliver E for Ally Herc 3

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $228K (100%)

States

Pennsylvania

Cities

Pittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$857,244	$879,787	$832,751
Revenue	$25,285	$94,106	$70,545
Expenses	$47,831	$46,778	$53,885
Qualifying Distributions	$45,003	$44,155	$52,361
Net Investment Income	$24,080	$92,865	$68,852
Distributable Amount	$49,539	$44,882	$49,299

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Allegheny Health Network ($44,200).

Recipient	Purpose	Amount
ALLEGHENY HEALTH NETWORK PITTSBURGH, PA	GENERAL OPERATING	$44,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BNY MELLON N A	TRUSTEE	1	$2,008

Frequently Asked Questions

How large is Oliver E for Ally Herc 3?

As of 2024, Oliver E for Ally Herc 3 holds $857K in total assets with $25K in annual revenue. It awarded 1 grants totaling $44K in 2024.

Where does Oliver E for Ally Herc 3 operate?

Oliver E for Ally Herc 3 has awarded grants in Pennsylvania.

What size grants does Oliver E for Ally Herc 3 award?

In 2024, Oliver E for Ally Herc 3 awarded 1 grants totaling $44K — an average of about $44K per grant, based on its IRS Form 990 filings.

How much is Oliver E for Ally Herc 3 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Oliver E for Ally Herc 3 reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.