The Arthur and Janet Hershaft Foundation
The Arthur and Janet Hershaft Foundation is a private foundation based in Palm Beach, Florida. It made 25 grants totaling $472,388 in 2025, supporting charitable organizations in Florida, New York, Connecticut, and Washington, D.C.
Key facts about The Arthur and Janet Hershaft Foundation
In short: The Arthur and Janet Hershaft Foundation gave $472K across 25 grants in 2025 (avg $19K), mostly in Florida. 24% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 22-6462965
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $472,388
- Grants made (2025)
- 25
- Average grant
- $18,896
- Median grant
- $6,565
- New grantees (estimate)
- 24% first-time grantees (6 of 25, 2025)
- Total assets
- $1,669,196
- Primary geography
- Florida (51% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.7M
-10.3% YoY
Annual Giving
$472K
+53.4% YoY
Grant Count
25
+4.2% YoY
Avg Grant Size
$19K
+47.2% YoY
Under IRS private-foundation payout rules, The Arthur and Janet Hershaft Foundation reported a distributable amount of $78K for 2025 — the minimum it must pay out in qualifying distributions.
Is The Arthur and Janet Hershaft Foundation open to new grantees?
24%
first-time grantees, 2025
In 2025, 6 of 25 grantees (24%) were first-time recipients. First grants averaged $3K; repeat grants $24K. How we count
Medians: $2K first-time, $20K repeat.
- 64% of 2025 grantees were also funded in 2024. Method
- Giving grew 301% from 2022 to 2025. Method
- In 2025 it paid out 635% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to a range of charitable organizations. For example, Albert Einstein College of Medicine describes its work as advancing healthcare quality, scientific discovery, and education in health and science. The Society of the Four Arts says it enriches and engages the Palm Beach County community through educational and cultural programs.
Other 2025 recipients include Fordham University, which describes its work as research and education; Palm Beach Civic Association, which says it works to protect and improve quality of life in Palm Beach; and Northwell Health Foundation, which describes its support for underserved and uninsured people, medical technology and research, and health facilities and programs.
Grantmaking
In 2025, the foundation awarded 25 grants totaling $472,388. Grant amounts ranged from $360 to $77,000, with a median of $6,565. It awarded 24 grants totaling $308,027 in 2024 and 22 grants totaling $309,072 in 2023.
The largest 2025 grants included $77,000 to Friends of the Israel Defense Force, $60,000 to Morse Life Foundation, $56,500 to Albert Einstein College of Medicine, $54,600 to Palm Beach Synagogue, and $45,000 to Norton Museum of Arts. Other listed grants included $30,000 to Weill Cornell Medicine, $25,000 to The Society of the Four Arts, and $20,000 to Columbia University.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with The Arthur and Janet Hershaft Foundation?
Geographic Focus
Where this funder awards grants
In 2025, 51% of grant dollars went to recipients in Florida and 47% to recipients in New York. Connecticut and Washington, D.C., each accounted for 1%.
Grant Distribution by State
Share of 2025 grant dollars across all 25 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $118K (2022) to $472K (2025). In 2025 it made 25 grants totaling $472K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Friends of the Israel Defense Force ($77K). Together the top 10 received $407K.
Grant Size Distribution
117 grants across all recorded years
The most common grant size was under $50K: 107 grants of 117 (91%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of the Israel Defense Force New York, NY | Gen. Charitable | $77,000 |
| Morse Life Foundation West Palm Beach, FL | Gen. Charitable | $60,000 |
| Albert Einstein College of Medicine Bronx, NY | Gen. Charitable | $56,500 |
| Palm Beach Synagogue Palm Beach, FL | Gen. Charitable | $54,600 |
| Norton Museum of Arts West Palm Beach, FL | Gen. Charitable | $45,000 |
| Weill Cornell Medicine New York, NY | Gen. Charitable | $30,000 |
| The Society of the Four Arts Palm Beach, FL | Gen. Charitable | $25,000 |
| Columbia University New York, NY | Gen. Charitable | $20,000 |
| Jewish Federation of Palm Beach West Palm Beach, FL | Gen. Charitable | $19,800 |
| Park Avenue Synagogue New York, NY | Gen. Charitable | $19,538 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $472,388 | 25 |
| 2024 | $308,027 | 24 |
| 2023 | $309,072 | 22 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,669,196 | $1,860,183 | $1,907,399 |
| Revenue | $305,437 | $286,507 | $1,956,361 |
| Expenses | $496,424 | $333,723 | $315,931 |
| Qualifying Distributions | $492,419 | $330,634 | $315,181 |
| Net Investment Income | $305,437 | $286,418 | $210,169 |
| Distributable Amount | $77,586 | $86,311 | $17,957 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Arthur N. Hershaft and Janet Hershaft as trustees.
The Arthur and Janet Hershaft Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Arthur N. Hershaft
Trustee
On filings since 2020
No compensation reported
Janet Hershaft
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.
Contact
Mailing address: 150 Bradley Place 209N, Palm Beach, FL 33480
Phone: (212) 223-9080
Frequently asked questions about The Arthur and Janet Hershaft Foundation
How much does The Arthur and Janet Hershaft Foundation give each year?
The Arthur and Janet Hershaft Foundation gave $472K across 25 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $308K across 24 grants.
What is The Arthur and Janet Hershaft Foundation's typical grant size?
The Arthur and Janet Hershaft Foundation's median grant in 2025 was $6,565, and its average grant was $18,896, across 25 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Arthur and Janet Hershaft Foundation that year got $3K on average.
Where does The Arthur and Janet Hershaft Foundation give grants?
The Arthur and Janet Hershaft Foundation gives mostly in Florida: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (47%). The most frequent recipient cities were New York, NY (8 grants), Palm Beach, FL (5 grants), West Palm Beach, FL (4 grants) and Washington, DC (2 grants).
Does The Arthur and Janet Hershaft Foundation give general operating support?
Not in 2025: none of the 25 grants with a stated purpose on The Arthur and Janet Hershaft Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Gen. Charitable" (25 grants).
Who are The Arthur and Janet Hershaft Foundation's largest grantees?
The Arthur and Janet Hershaft Foundation's largest 2025 grantees include Friends of the Israel Defense Force ($77,000), Morse Life Foundation ($60,000) and Albert Einstein College of Medicine ($56,500), according to its 2025 IRS Form 990-PF. Together they received 41% of its itemized 2025 grant dollars.
How large is The Arthur and Janet Hershaft Foundation?
The Arthur and Janet Hershaft Foundation reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $492K in qualifying distributions that year, against a required minimum of $78K (roughly 5% of its investment assets).
What does The Arthur and Janet Hershaft Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants went to a range of charitable organizations. For example, Albert Einstein College of Medicine describes its work as advancing healthcare quality, scientific discovery, and education in health and science. See mission & focus areas ↑
How do I apply for a grant from The Arthur and Janet Hershaft Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Arthur and Janet Hershaft Foundation's EIN?
The Arthur and Janet Hershaft Foundation's EIN (Employer Identification Number) is 22-6462965. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Arthur and Janet Hershaft Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching The Arthur and Janet Hershaft Foundation by hand.
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