Richard N Berman Foundation
Richard N Berman Foundation is a private foundation, based in Philadelphia, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $602K in total assets. In 2025, it awarded 6 grants totaling $58K. Net investment income was $120K.
Richard N Berman Foundation at a glance
In short: Richard N Berman Foundation gave $58K across 6 grants in 2025 (avg $10K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $57,500
- +28.2% vs 2024
- Grants made (2025)
- 6
- -40.0% vs 2024
- Average grant
- $9,583
- +113.7% vs 2024
- Median grant
- $7,500
- Total assets
- $602,346
- +16.3% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Richard N Berman Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Headstrong Foundation ($25K). Together the top 6 received $58K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 46 grants of 46 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Richard N Berman Foundation gives
- Giving held roughly steady from 2022 to 2025 (+19%). Method
- In 2025 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $19K (2020) to $58K (2025). In 2025 it made 6 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Headstrong Foundation Woodlyn, PA | Charitable Purpose | $25,000 |
| Children's Hospital of Philadelphia Foundation Philadelphia, PA | Charitable Purpose | $10,000 |
| Germantown Academy Fort Washington, PA | Charitable Purpose | $10,000 |
| Living Beyond Breast Cancer Bala Cynwyd, PA | Charitable Purpose | $5,000 |
| Germantown Friends School Philadelphia, PA | Charitable Purpose | $5,000 |
| Perelman Jewish Day School Wynnewood, PA | Charitable Purpose | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $602,346 | $168,670 | $64,085 | $57,500 | 6 | $57,500 | $119,664 | $51,759 |
| 2024 | $518,058 | $91,331 | $52,070 | $44,850 | 10 | $44,850 | $38,759 | $42,591 |
| 2023 | $462,051 | $100,610 | $48,900 | $47,900 | 8 | $47,900 | $45,077 | $33,557 |
| 2022 | $441,452 | $54,509 | $56,863 | $48,500 | 9 | $48,500 | $50,112 | $40,077 |
| 2021 | $462,271 | $147,710 | $58,669 | $52,400 | 13 | $52,400 | $46,913 | $42,220 |
| 2020 | $389,110 | $35,041 | $23,196 | $19,000 | 5 | — | $34,841 | $32,413 |
Under IRS private-foundation payout rules, Richard N Berman Foundation reported a distributable amount of $52K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard N Berman Foundation is led by Matthew Berman, Managing Trustee on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Matthew Berman
Managing Trustee
On filings since 2020
No compensation reported
Sharyn R. Berman
Managing Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Richard N Berman Foundation
How much does Richard N Berman Foundation give each year?
Richard N Berman Foundation gave $58K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $45K across 10 grants.
What is Richard N Berman Foundation's typical grant size?
Richard N Berman Foundation's median grant in 2025 was $7,500, and its average grant was $9,583, across 6 grants on its 2025 IRS Form 990-PF.
Where does Richard N Berman Foundation give grants?
Richard N Berman Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (2 grants).
Who are Richard N Berman Foundation's largest grantees?
Richard N Berman Foundation's largest 2025 grantees include Headstrong Foundation ($25,000), Children's Hospital of Philadelphia Foundation ($10,000) and Germantown Academy ($10,000), according to its 2025 IRS Form 990-PF. Together they received 78% of its itemized 2025 grant dollars.
How large is Richard N Berman Foundation?
Richard N Berman Foundation reported $602K in total assets on its 2025 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $52K (roughly 5% of its investment assets).
What is Richard N Berman Foundation's EIN?
Richard N Berman Foundation's EIN (Employer Identification Number) is 45-0634038. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 10, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Richard N Berman Foundation funds
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