The Hackerman Foundation Inc
The Hackerman Foundation Inc is a private foundation based in Towson, Maryland, established in 1986. As a 501(c)(3) organization, it operates as an independent grantmaking foundation focused on philanthropic support across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$87.1M
+86.5% YoY
Annual Giving
$12.3M
+84.5% YoY
Grant Count
146
+15.9% YoY
Avg Grant Size
$84K
+59.3% YoY
Under IRS private-foundation payout rules, The Hackerman Foundation Inc reported a distributable amount of $3.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Jewish Education
Grantmaking
The foundation is an active grantmaker with significant annual giving activity. Recent grant awards include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Maryland, New York, and New Jersey.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $46,701,240
- Total Revenues: $26,846,838
- Total Expenses: $7,261,971
- Total Grants, Contributions, etc.: $25,267,570
- Investment Income and Dividends: $1,331,673
As of December 2022:
- Total Assets: $27.1 million
- Total Revenue: $26.7 million
The foundation has experienced exceptional growth, with revenue increasing by an average of 59.7% annually over the past five years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $87,076,995 | $46,701,240 | $27,079,506 |
| Revenue | $53,572,474 | $26,846,838 | $26,650,181 |
| Expenses | $13,219,278 | $7,261,971 | $3,719,836 |
| Qualifying Distributions | $12,411,371 | $6,749,619 | $3,622,640 |
| Net Investment Income | $3,804,805 | $1,291,429 | $310,901 |
| Distributable Amount | $3,510,206 | $2,383,626 | $969,285 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Philanthropic Trust ($3,955,869), American Jewish Joint Distributioncommittee Inc ($1,000,000), Associated Jewish Community Federation of Baltimore Inc ($800,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL PHILANTHROPIC TRUST JENKINTOWN, PA | CONTRIBUTION TO DONOR ADVISED FUND | $3,955,869 |
| AMERICAN JEWISH JOINT DISTRIBUTIONCOMMITTEE INC NEW YORK, NY | INTERNATIONAL SUPPORT | $1,000,000 |
| ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE INC BALTIMORE, MD | 2019 ANNUAL FUND - JDC | $800,000 |
| TURNAROUND INC TOWSON, MD | SUPPORT SERVICES | $630,000 |
| ROCKEFELLER PHILANTHROPY ADVISORS INC NEW YORK, NY | PHILANTHROPIC SUPPORT | $500,000 |
| YESHIVAS OHR YISSOCHOR ACADEMY INC LAKEWOOD, NJ | JEWISH EDUCATION | $300,000 |
| JOHNS HOPKINS UNIVERSITY BALTIMORE, MD | EDUCATION | $250,000 |
| IRC'S CENTER FOR ECONOMIC OPPORTUNITY SAN DIEGO, CA | TO SUPPORT LOAN CAPITAL FOR BALTIMORE SPECIFIC LENDIING | $250,000 |
| ST VINCENT DE PAUL SOCIETY OF BALTIMORE BALTIMORE, MD | COMMUNITY SUPPORT | $250,000 |
| BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE BALTIMORE, MD | COMMUNITY ASSISTANCE | $150,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NANCY HACKERMAN | PRESIDENT / TREASURER | 4 | — |
| AUDREY REGO | SECRETARY | 4 | — |
| STEVEN HACKERMAN | VICE PRESIDENT | 4 | — |
Recent News & Activity
Recent developments and announcements
The Hackerman Foundation has partnered with Johns Hopkins University and PHI to launch an initiative aimed at setting a national standard for community-based care for older adults. The foundation has also supported Baltimore County's efforts to investigate cold case sexual assault cases through grant funding.
The Ackerman Foundation Announces 2023 Grant Winners - Ackerman FoundationFrequently Asked Questions
What does The Hackerman Foundation Inc fund?
The foundation's primary grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Jewish Education
How do I apply for a grant from The Hackerman Foundation Inc?
The foundation is an active grantmaker with significant annual giving activity. Recent grant awards include: • Rockefeller Philanthropy Advisors: $500,000 (Philanthropic Support) • Yeshivas Ohr Yissochor Academy: $300,000 (Jewish Education) • Johns Hopkins University: $250,000 (Education) The foundation made 67 grants in 2023, with typical award amounts ranging from $250 to $3,955,869. Total giving in the most recent reporting period was $12,268,246.
Where does The Hackerman Foundation Inc make grants?
The foundation primarily funds organizations in Maryland, New York, and New Jersey.
What size grants does The Hackerman Foundation Inc award?
In 2024, The Hackerman Foundation Inc awarded 146 grants totaling $12.3M — an average of about $84K per grant, based on its IRS Form 990 filings.
How much is The Hackerman Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hackerman Foundation Inc reported a distributable amount of $3.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hackerman Foundation Inc's EIN?
The Hackerman Foundation Inc's EIN (Employer Identification Number) is 52-1459149. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hackerman Foundation Inc's focus areas in our free grants database
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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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