Skip & Meg Herman Family Foundation
Skip & Meg Herman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $864K in total assets. In 2024, it awarded 21 grants totaling $64K. Net investment income was $60K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$864K
-0.6% YoY
Annual Giving
$64K
-53.6% YoY
Grant Count
21
+31.3% YoY
Avg Grant Size
$3K
-64.7% YoY
Under IRS private-foundation payout rules, Skip & Meg Herman Family Foundation reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Skip & Meg Herman Family Foundation
Based on IRS filings
Skip & Meg Herman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $864K in total assets. In 2024, it awarded 21 grants totaling $64K. Net investment income was $60K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $863,627 | $868,788 | $983,991 |
| Revenue | $65,798 | $28,944 | $24,954 |
| Expenses | $70,959 | $144,147 | $118,107 |
| Qualifying Distributions | $69,569 | $143,556 | $108,200 |
| Net Investment Income | $60,479 | $60,431 | $20,909 |
| Distributable Amount | $44,523 | $45,780 | $51,144 |
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
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish United Fund ($10,000), Montana Land Reliance ($10,000), Nourishing Hope ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMY KROUSE ROSENTHAL FOUNDATION EVANSTON, IL | GENERAL FUND | $1,000 |
| GREATER CHICAGO FOOD DEPOSITORY CHICAGO, IL | GENERAL FUND | $5,000 |
| HABITAT FOR HUMANITY AMERICUS, GA | GENERAL FUND | $1,000 |
| JEWISH UNITED FUND CHICAGO, IL | GENERAL FUND | $10,000 |
| MONTANA LAND RELIANCE HELENA, MT | GENERAL FUND | $10,000 |
| NOURISHING HOPE CHICAGO, IL | GENERAL FUND | $10,000 |
| PLANNED PARENTHOOD WASHINGTON, DC | GENERAL FUND | $1,000 |
| SWEET GRASS COMMUNITY FOUNDATION BIG TIMBER, MT | GENERAL FUND | $5,500 |
| THE CHICAGO COMMUNITY FOUNDATION CHICAGO, IL | GENERAL FUND | $2,500 |
| FRIENDS OF DORNIX PARK BIG TIMBER, MT | GENERAL FUND | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SIDNEY N HERMAN | PRESIDENT & DIRECTOR | 1 | — |
| MARGARET D HERMAN | TREASURER, SECRETARY & DIR | 1 | — |
| ROCKNEY W HUDSON | ASST SECRETARY & DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Skip & Meg Herman Family Foundation?
Skip & Meg Herman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $864K in total assets as of 2024.
How large is Skip & Meg Herman Family Foundation?
As of 2024, Skip & Meg Herman Family Foundation holds $864K in total assets with $66K in annual revenue. It awarded 21 grants totaling $64K in 2024.
Where does Skip & Meg Herman Family Foundation operate?
Skip & Meg Herman Family Foundation has awarded grants in California, Colorado, District of Columbia, Georgia, Illinois, Maryland, Minnesota, Montana, New Jersey, New York, Pennsylvania, Utah.
What size grants does Skip & Meg Herman Family Foundation award?
In 2024, Skip & Meg Herman Family Foundation awarded 21 grants totaling $64K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Skip & Meg Herman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Skip & Meg Herman Family Foundation reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Skip & Meg Herman Family Foundation's EIN?
Skip & Meg Herman Family Foundation's EIN (Employer Identification Number) is 26-3033542. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Skip & Meg 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.
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