Susan & Michael Hershfield Family Foundation
Susan & Michael Hershfield Family Foundation is a private foundation, 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.
Susan & Michael Hershfield Family Foundation at a glance
In short: Susan & Michael Hershfield Family Foundation gave $94K across 3 grants in 2024 (avg $31K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $94,000
- -6.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $31,333
- -6.0% vs 2023
- Median grant
- $32,000
- Total assets
- $2,337,262
- -19.4% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Susan & Michael Hershfield Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Student U ($50K). Together the top 3 received $94K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 4 grants of 6 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Susan & Michael Hershfield Family Foundation gives
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2023 to 2024, annual grant giving ranged from $94K (2024) to $100K (2023). In 2024 it made 3 grants totaling $94K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Student U Durham, NC | Creativementorshipprogram | $50,000 |
| NCCU Foundation Durham, NC | Career Eagleofficer Prog | $32,000 |
| American Dance Festival Durham, NC | Program | $12,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,337,262 | $52,641 | $104,279 | $94,000 | 3 | $102,181 | — | $109,613 |
| 2023 | $2,901,150 | $37,638 | $121,722 | $100,000 | 3 | $111,341 | — | $110,499 |
| 2022 | $2,731,475 | $-232,366 | $41,679 | — | — | $14,308 | $11,002 | $111,566 |
| 2021 | $3,005,520 | $3,012,683 | $7,163 | — | — | $7,090 | $1,328,710 | $3,446 |
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.
Leadership & Key People
Officers and directors from IRS filings
Susan & Michael Hershfield Family Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
John K. Rosenthal
Vice President, Secretary & Director
Director, Secretary & Treasurer → Director, Secretary, Treas* & Vice President, 2022
Director, Secretary, Treas* & Vice President → Vice President, Secretary & Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Michael S. Hershfield
Co-Pres & Director
Co-Pres & Director → Co- President & Director, 2022
Co- President & Director → Co-Pres & Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Susan B. Hershfield
Co-Pres & Director
Co-Pres, Director, Sec* & Treas* → Director & Co- President, 2022
Director & Co- President → Co-Pres & Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Mark A. Kuhn
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Susan & Michael Hershfield Family Foundation
How much does Susan & Michael Hershfield Family Foundation give each year?
Susan & Michael Hershfield Family Foundation gave $94K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 3 grants.
What is Susan & Michael Hershfield Family Foundation's typical grant size?
Susan & Michael Hershfield Family Foundation's median grant in 2024 was $32,000, and its average grant was $31,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Susan & Michael Hershfield Family Foundation give grants?
Susan & Michael Hershfield Family Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Durham, NC (3 grants).
Does Susan & Michael Hershfield Family Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Susan & Michael Hershfield Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Susan & Michael Hershfield Family Foundation?
Susan & Michael Hershfield Family Foundation reported $2.3M in total assets on its 2024 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $110K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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