Susan & Michael Hershfield Family Foundation
Susan & Michael Hershfield Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 3 grants totaling $94K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-19.4% YoY
Annual Giving
$94K
-6.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$31K
-6.0% YoY
Under IRS private-foundation payout rules, Susan & Michael Hershfield Family Foundation reported a distributable amount of $110K for 2024 — the minimum it must pay out in qualifying distributions.
About Susan & Michael Hershfield Family Foundation
Based on IRS filings
Susan & Michael Hershfield Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 3 grants totaling $94K.
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 | $2,337,262 | $2,901,150 | $2,731,475 |
| Revenue | $52,641 | $37,638 | $-232,366 |
| Expenses | $104,279 | $121,722 | $41,679 |
| Qualifying Distributions | $102,181 | $111,341 | $14,308 |
| Net Investment Income | — | — | $11,002 |
| Distributable Amount | $109,613 | $110,499 | $111,566 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Student U ($50,000), Nccu Foundation ($32,000), American Dance Festival ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN DANCE FESTIVAL DURHAM, NC | PROGRAM | $12,000 |
| NCCU FOUNDATION DURHAM, NC | CAREER EAGLEOFFICER PROG | $32,000 |
| STUDENT U DURHAM, NC | CREATIVEMENTORSHIPPROGRAM | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL S HERSHFIELD | CO-PRES, DIR | 1 | — |
| SUSAN B HERSHFIELD | CO-PRES, DIR | 1 | — |
| MARK A KUHN | TREASURER | 1 | — |
| JOHN K ROSENTHAL | VP, SEC, DIR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Susan & Michael Hershfield Family Foundation?
Susan & Michael Hershfield Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. It holds $2.3M in total assets as of 2024.
How large is Susan & Michael Hershfield Family Foundation?
As of 2024, Susan & Michael Hershfield Family Foundation holds $2.3M in total assets with $53K in annual revenue. It awarded 3 grants totaling $94K in 2024.
Where does Susan & Michael Hershfield Family Foundation operate?
Susan & Michael Hershfield Family Foundation has awarded grants in North Carolina, Pennsylvania.
What size grants does Susan & Michael Hershfield Family Foundation award?
In 2024, Susan & Michael Hershfield Family Foundation awarded 3 grants totaling $94K — an average of about $31K per grant, based on its IRS Form 990 filings.
How much is Susan & Michael Hershfield Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Susan & Michael Hershfield Family Foundation reported a distributable amount of $110K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Susan & Michael Hershfield Family Foundation's EIN?
Susan & Michael Hershfield Family Foundation's EIN (Employer Identification Number) is 87-1048455. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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