The Hand Foundation Inc
The Hand Foundation Inc is a private foundation located in Royal Palm Beach, Florida (with additional address listed in Belle Glade, FL). Established in 1989, it is a 501(c)(3) tax-exempt organization that primarily provides educational grants to individuals and organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$167.0M
+255035.6% YoY
Annual Giving
$2.5M
+1433.3% YoY
Grant Count
131
+156.9% YoY
Avg Grant Size
$19K
+496.9% YoY
Mission & Focus Areas
The foundation's primary focus is educational grants. According to available information, the foundation funds educational initiatives and supports education-related causes through grants funded by interest on the foundation's interest-bearing account.
Grantmaking
The Hand Foundation made 65 grants in 2023 to 64 individuals and one organization. Recent documented grants include:
Ready to take the next step with The Hand Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation operates in Florida, with a primary focus on the Palm Beach region and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $167,024,558
- Total Revenue: $170,288,508
- Total Expenses: $3,329,420
- Net Income: $166,959,088
- Total Liabilities: $12,700
As of December 2023:
- Total Assets: $65,470
- Total Revenue: $250,274
- Total Expenses: $184,194
The foundation's revenue sources include grants and contributions ($250,000 in 2023) and investment income and dividends ($274 in 2023).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $167,037,283 | $65,470 | $38,390 |
| Revenue | $170,288,508 | $250,274 | $136,024 |
| Expenses | $3,329,420 | $184,194 | $146,561 |
| Qualifying Distributions | $3,407,823 | $160,000 | $146,500 |
| Net Investment Income | $7,111,354 | $274 | $24 |
| Distributable Amount | $7,026,243 | $2,356 | $1,891 |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ruben Ledesma Jr | Secretary/Treasurer | 15 | $119,187 |
| Paul Orsenigo | Vice President | 2 | $21,687 |
| Patrick T Altman | Director | 2 | $21,687 |
| P Derek Orsenigo | Director | 2 | $21,687 |
| Wesley A Ledesma | Director | 2 | $21,687 |
| Thomas L Altman | Director | 2 | $21,687 |
Contact Information
- Address: 9100 Belvedere Road, Suite 210, Belle Glade, FL 33430
- Phone: (561) 593-8627
Related Funders
Similar funders by location and focus area
Virgil P Warren Fdn Tr Ua
ORLANDO, FL
Assets
$4.2M
Grants
14
Total Given
$96K
The Fritch Foundation
FT LAUDERDALE, FL
Assets
—
Grants
17
Total Given
$167K
Leiman Asterisk Foundation Inc
DELRAY BEACH, FL
Assets
$1.2M
Grants
2
Total Given
$62K
Rachel Memorial Foundation
SANTA RSA BCH, FL
Assets
—
Grants
6
Total Given
$10K
My Brother'ssister's Keeper Charitable
ROYAL PALM BEACH, FL
Assets
$462K
Grants
1
Total Given
$50K
The Shore Lane Family Foundation Inc
BOCA GRANDE, FL
Assets
$335
Grants
20
Total Given
$430K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Hand Foundation Inc 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