The Arthur and Janet Hershaft Foundation
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
24
+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.
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
Cities
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.
| 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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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