The Carlos and Deborah Hernandez Foundation
The Carlos and Deborah Hernandez Foundation is a private foundation focused on Community Improvement & Capacity Building, based in PENNINGTON, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 5 grants totaling $649K. Net investment income was $786K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+93.6% YoY
Annual Giving
$649K
+584.7% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$130K
+447.8% YoY
Under IRS private-foundation payout rules, The Carlos and Deborah Hernandez Foundation reported a distributable amount of $44K for 2024 — the minimum it must pay out in qualifying distributions.
About The Carlos and Deborah Hernandez Foundation
Based on IRS filings
The Carlos and Deborah Hernandez Foundation is a private foundation focused on Community Improvement & Capacity Building, based in PENNINGTON, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 5 grants totaling $649K. Net investment income was $786K.
Focus Areas
Ready to take the next step with The Carlos and Deborah Hernandez Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,531,524 | $791,219 | $743,551 |
| Revenue | $1,907,161 | $151,836 | $106,206 |
| Expenses | $659,630 | $104,156 | $59,318 |
| Qualifying Distributions | $653,772 | $99,038 | $53,466 |
| Net Investment Income | $786,448 | $35,440 | $17,165 |
| Distributable Amount | $43,859 | $50,484 | $45,031 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Purdue for Life Research Foundation ($531,000), University of Miami ($75,000), Brain Health Advances Center Foundation ($33,333).
| Recipient | Purpose | Amount |
|---|---|---|
| HISTORIC MARBOLD FARMSTEAD ASSOCIATION GREENVIEW, IL | UNRESTRICTED GENERAL | $5,000 |
| BRAIN HEALTH ADVANCES CENTER FOUNDATION DALLAS, TX | UNRESTRICTED GENERAL | $33,333 |
| PURDUE FOR LIFE RESEARCH FOUNDATION WEST LAFAYETTE, IN | JOHN PERDUE CLUB/LYLES | $531,000 |
| UNIVERSITY OF MIAMI CORAL GABLES, FL | UNRESTRICTED GENERAL | $75,000 |
| CENTER FOR AMERICAN & INTERNATIONAL LAW PLANO, TX | UNRESTRICTED GENERAL | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARLOS HERNANDEZ | PRESIDENT | 1 | — |
| DEBORAH HERNANDEZ | VICE PRESIDENT | 1 | — |
| ALICIA HERNANDEZ | ASSISTANT SEC/TREAS | 1 | — |
| MONICA HERNANDEZ | SECRETARY | 1 | — |
| CECILIA HERNANDEZ | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Carlos and Deborah Hernandez Foundation?
The Carlos and Deborah Hernandez Foundation is a private foundation focused on Community Improvement & Capacity Building, based in PENNINGTON, NJ. It holds $1.5M in total assets as of 2024.
How large is The Carlos and Deborah Hernandez Foundation?
As of 2024, The Carlos and Deborah Hernandez Foundation holds $1.5M in total assets with $1.9M in annual revenue. It awarded 5 grants totaling $649K in 2024.
Where does The Carlos and Deborah Hernandez Foundation operate?
The Carlos and Deborah Hernandez Foundation has awarded grants in Florida, Illinois, Indiana, Texas.
What size grants does The Carlos and Deborah Hernandez Foundation award?
In 2024, The Carlos and Deborah Hernandez Foundation awarded 5 grants totaling $649K — an average of about $130K per grant, based on its IRS Form 990 filings.
How much is The Carlos and Deborah Hernandez Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carlos and Deborah Hernandez Foundation reported a distributable amount of $44K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Carlos and Deborah Hernandez Foundation's EIN?
The Carlos and Deborah Hernandez Foundation's EIN (Employer Identification Number) is 87-3929920. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Carlos and Deborah Hernandez Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
The William & Phyllis Mack Family
FORT LEE, NJ
Assets
$5.9M
Grants
53
Total Given
$3.2M
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Carlos and Deborah Hernandez Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Carlos and Deborah Hernandez Foundation to a real strategy.