The Hanafin Foundation Inc
The Hanafin Foundation Inc is a private foundation focused on Education, based in Annandale, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 8 grants totaling $190K. Net investment income was $166K.
Key facts about The Hanafin Foundation Inc
- EIN
- 22-3264870
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $189,600
- Grants made (2024)
- 8
- Average grant
- $23,700
- Median grant
- $26,670
- Total assets
- $3,256,310
- Primary geography
- New Jersey (49% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Hanafin Foundation Inc funds
By grant dollars, the top recipient states for The Hanafin Foundation Inc's 8 itemized 2024 grants were New Jersey (49%), Pennsylvania (26%) and District of Columbia (16%). The most frequent recipient cities were Metuchen, NJ (2 grants) and Clinton, NJ (2 grants). None of its 8 grants with a stated purpose were described as general or operating support.
How The Hanafin Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−8%). Method
- In 2024 it paid out 112% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Hanafin Foundation Inc
- How to evaluate The Hanafin Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+0.2% YoY
Annual Giving
$190K
-7.8% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$24K
-7.8% YoY
Under IRS private-foundation payout rules, The Hanafin Foundation Inc reported a distributable amount of $171K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hanafin Foundation Inc
Based on IRS filings
The Hanafin Foundation Inc is a private foundation focused on Education, based in Annandale, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 8 grants totaling $190K. Net investment income was $166K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,256,310 | $3,251,057 | $3,432,682 |
| Revenue | $216,054 | $77,692 | $12,885 |
| Expenses | $243,745 | $259,317 | $263,311 |
| Qualifying Distributions | $191,668 | $208,230 | $215,000 |
| Net Investment Income | $166,428 | $51,327 | $156,403 |
| Distributable Amount | $171,288 | $168,327 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Diocese of Metuchen ($65,000 across 2 grants), Little Flower ($50,000), DC Burn Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LITTLE FLOWER Philadelphia, PA | CATHERINE T GRIFFIN SCHOLARSHIP-TUITION ASSISTANCE FOR JUNIORS AND SENIORS OF SINGLE-PARENT FAMILIES | $50,000 |
| DIOCESE OF METUCHEN Metuchen, NJ | ELIZABETH JOHANTGEN SCHOLARSHIP | $35,000 |
| DC BURN FOUNDATION Washington, DC | EDUCATION AND ADVANCED BURN CARE TRAINING | $30,000 |
| DIOCESE OF METUCHEN Metuchen, NJ | FOUNDATION FOR CATHOLIC EDUCATION | $30,000 |
| MIDDLE EARTH Bridgewater, NJ | COLLEGE READINESS | $23,340 |
| NIROGA Oakland, CA | DYNAMIC MINDFULNESS | $17,500 |
| RED MILL MUSEUM VILLAGE Clinton, NJ | HANDS-ON HISTORY INITIATIVE & EVENT | $2,000 |
| RED MILL MUSEUM VILLAGE Clinton, NJ | RED GOES GREEN - RAMAPO TRIBAL INSTRUCTIONS | $1,760 |
Leadership & Key People
Officers and directors from IRS filings
The Hanafin Foundation Inc is led by Jeanette H. Frey, President since 2023 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jeanette H. Frey
President
Trustee → President, 2023
On filings since 2020
2 hrs/week
No compensation reported
Chelsey F. Hanafin
Chairman of the Board
On filings since 2023
2 hrs/week
No compensation reported
Danielle Whalen
Vice President & Secretary
On filings since 2023
2 hrs/week
No compensation reported
Kay Chastonguay
Vice President & Treasurer
On filings since 2023
2 hrs/week
No compensation reported
Former officers (4)
- Former: Edward Elliot (2020–2022) — Trustee
- Former: Elizabeth Kukla (2020–2022) — Trustee
- Former: Ellen Hanafin (2020–2022) — Trustee
- Former: Erika Hanafin (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hanafin Foundation Inc?
The Hanafin Foundation Inc is a private foundation focused on Education, based in Annandale, NJ. It holds $3.3M in total assets as of 2024.
How large is The Hanafin Foundation Inc?
As of 2024, The Hanafin Foundation Inc holds $3.3M in total assets with $216K in annual revenue. It awarded 8 grants totaling $190K in 2024.
Where does The Hanafin Foundation Inc operate?
The Hanafin Foundation Inc has awarded grants in California, District of Columbia, Massachusetts, Maine, North Carolina, New Jersey, Pennsylvania, Virginia.
What size grants does The Hanafin Foundation Inc award?
In 2024, The Hanafin Foundation Inc awarded 8 grants totaling $190K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is The Hanafin Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hanafin Foundation Inc reported a distributable amount of $171K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hanafin Foundation Inc's EIN?
The Hanafin Foundation Inc's EIN (Employer Identification Number) is 22-3264870. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.