The Arthur and Janet Hershaft Foundation

PALM BEACH, FL EIN: 22-6462965

The Arthur and Janet Hershaft Foundation is a private family foundation based in Palm Beach, Florida. Established in 1988 in New York, the foundation operates as a 501(c)(3) charitable organization and maintains its primary office at 150 Bradley Place, Unit 209, Palm Beach, FL 33480.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

-2.5% YoY

Annual Giving

$308K

-0.3% YoY

Grant Count

+9.1% YoY

Avg Grant Size

$13K

-8.6% YoY

Under IRS private-foundation payout rules, The Arthur and Janet Hershaft Foundation reported a distributable amount of $86K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's giving focuses primarily on human services and Jewish organizations.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $998K (63%)

Florida $527K (33%)

Connecticut $27K (2%)

District of Columbia $19K (1%)

Maryland $7K (0%)

Illinois $5K (0%)

Arizona $2K (0%)

Massachusetts $2K (0%)

States

Arizona Connecticut District of Columbia Florida Illinois Massachusetts Maryland New York

Cities

BethesdaBinghamtonBostonBronxChicagoEast HamptonElmsfordGreenwichHanoverJupiterNew YorkPalm BeachPhoenixPurchaseRockledgeWashingtonWest HarrisonWest Palm BeachWoodbury

Financial History

Multi-year comparison from IRS filings

As of the most recent available tax filings (fiscal year 2023):

Total Assets: $1.91 million
Annual Revenue: $1.96 million
Annual Expenses: $315,931
Total Liabilities: $0

The foundation maintains a strong financial position with minimal liabilities and consistent annual revenue from investments and contributions.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,860,183	$1,907,399	$266,969
Revenue	$286,507	$1,956,361	$42,321
Expenses	$333,723	$315,931	$125,221
Qualifying Distributions	$330,634	$315,181	$122,417
Net Investment Income	$286,418	$210,169	$42,234
Distributable Amount	$86,311	$17,957	$16,996

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

119 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Morse Life Foundation ($59,000), Nyu Langone Health ($50,000), Jewish Federation of Palm Beach ($27,500).

Recipient	Purpose	Amount
NORTON MUSEUM OF ARTS WEST PALM BEACH, FL	GEN. CHARITABLE	$3,500
ALBERT EINSTEIN COLLEGE OF MEDICINE BRONX, NY	GEN. CHARITABLE	$3,000
AMERICAN FRIENDS OF THE ISRAEL MUSE NEW YORK, NY	GEN. CHARITABLE	$4,500
FRIENDS OF THE ISRAEL DEFENSE FORCE NEW YORK, NY	GEN. CHARITABLE	$15,000
COLUMBIA UNIVERSITY NEW YORK, NY	GEN. CHARITABLE	$20,000
JEWISH FEDERATION OF PALM BEACH WEST PALM BEACH, FL	GEN. CHARITABLE	$27,500
KRAVIS CENTER WEST PALM BEACH, FL	GEN. CHARITABLE	$10,000
MORSE LIFE FOUNDATION WEST PALM BEACH, FL	GEN. CHARITABLE	$59,000
OLD OAKS FOUNDATION PURCHASE, NY	GEN. CHARITABLE	$2,950
PALM BEACH SYNAGOGUE PALM BEACH, FL	GEN. CHARITABLE	$17,200

Leadership & Key People

Leadership team and compensation from IRS filings

Arthur J. Hershaft, born in 1937, serves as a principal associated with the foundation. The foundation is named for both Arthur and Janet Hershaft, reflecting their joint philanthropic partnership.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ARTHUR N HERSHAFT	Trustee	—	—
JANET HERSHAFT	Trustee	—	—

Contact Information

Address: 150 Bradley Place, Unit 209, Palm Beach, FL 33480
Telephone: 212-223-9080
EIN: 22-6462965

Frequently Asked Questions

What does The Arthur and Janet Hershaft Foundation fund?

The foundation's giving focuses primarily on human services and Jewish organizations.

What size grants does The Arthur and Janet Hershaft Foundation award?

In 2024, The Arthur and Janet Hershaft Foundation awarded 24 grants totaling $308K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is The Arthur and Janet Hershaft Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Arthur and Janet Hershaft Foundation reported a distributable amount of $86K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.