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 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 3 grants totaling $348K. Net investment income was $282K.
Key facts about The Carlos and Deborah Hernandez Foundation
In short: The Carlos and Deborah Hernandez Foundation gave $348K across 3 grants in 2025 (avg $116K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- EIN
- 87-3929920
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $348,000
- Grants made (2025)
- 3
- Average grant
- $116,000
- Median grant
- $25,000
- Total assets
- $1,642,305
- Primary geography
- Indiana (91% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.6M
+7.2% YoY
Annual Giving
$348K
-46.4% YoY
Grant Count
3
-40.0% YoY
Avg Grant Size
$116K
-10.7% YoY
Under IRS private-foundation payout rules, The Carlos and Deborah Hernandez Foundation reported a distributable amount of $87K for 2025 — the minimum it must pay out in qualifying distributions.
How The Carlos and Deborah Hernandez Foundation gives
- Giving grew 620% from 2022 to 2025. Method
- In 2025 it paid out 406% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $48K (2022) to $649K (2024). In 2025 it made 3 grants totaling $348K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Purdue for Life Research Foundation ($318K). Together the top 3 received $348K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 11 grants of 14 (79%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Purdue for Life Research Foundation West Lafayette, IN | Unrestricted General | $318,000 |
| University of Miami Coral Gables, FL | Unrestricted General | $25,000 |
| Center for American & International Law Plano, TX | Unrestricted General | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,642,305 | $1,531,524 | $791,219 |
| Revenue | $902,931 | $1,907,161 | $151,836 |
| Expenses | $379,310 | $659,630 | $104,156 |
| Qualifying Distributions | $354,659 | $653,772 | $99,038 |
| Net Investment Income | $282,470 | $786,448 | $35,440 |
| Distributable Amount | $87,389 | $43,859 | $50,484 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
The Carlos and Deborah Hernandez Foundation is led by Carlos Hernandez, President on every filing since 2021; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carlos Hernandez
President
On filings since 2021
1 hr/week
No compensation reported
Alicia Hernandez
Assistant Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Cecilia Hernandez
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Deborah Hernandez
Vice President
On filings since 2021
1 hr/week
No compensation reported
Monica Hernandez
Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 The Carlos and Deborah Hernandez Foundation
How much does The Carlos and Deborah Hernandez Foundation give each year?
The Carlos and Deborah Hernandez Foundation gave $348K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $649K across 5 grants.
What is The Carlos and Deborah Hernandez Foundation's typical grant size?
The Carlos and Deborah Hernandez Foundation's median grant in 2025 was $25,000, and its average grant was $116,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Carlos and Deborah Hernandez Foundation give grants?
The Carlos and Deborah Hernandez Foundation gives mostly in Indiana: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (7%).
Does The Carlos and Deborah Hernandez Foundation give general operating support?
Yes: 100% of The Carlos and Deborah Hernandez Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Carlos and Deborah Hernandez Foundation?
The Carlos and Deborah Hernandez Foundation reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $355K in qualifying distributions that year, against a required minimum of $87K (roughly 5% of its investment assets).
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 $1.6M in total assets as of 2025.
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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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