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
Under IRS private-foundation payout rules, The Hand Foundation Inc reported a distributable amount of $7.0M for 2024 — the minimum it must pay out in qualifying distributions.
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:
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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
Among its reported 2024 grants, the largest include Addison Ascheman ($2,500), Aidan Lakatos ($2,500), Allison English ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Addison Ascheman Belle Glade, FL | Education grant | $2,500 |
| Aidan Lakatos Belle Glade, FL | Education grant | $2,500 |
| Allison English Greenacres, FL | Education grant | $2,500 |
| Andrea Davino Royal Palm Beach, FL | Education grant | $2,500 |
| Anna McCullough Holstead, KS | Education grant | $2,500 |
| Anne M Ocanas Belle Glade, FL | Education grant | $2,500 |
| Anthony Roman Lake Worth Beach, FL | Education grant | $2,500 |
| Ashley Ramos Sauzo West Palm Beach, FL | Education grant | $2,500 |
| Ashlyn Bifolck Jacksonville, FL | Education grant | $1,500 |
| Ashlyn Bifolk Jacksonville, FL | Education grant | $2,500 |
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
Frequently Asked Questions
What does The Hand Foundation Inc fund?
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.
How do I apply for a grant from The Hand Foundation Inc?
The Hand Foundation made 65 grants in 2023 to 64 individuals and one organization. Recent documented grants include: • **Junior Achievement of the Palm Beaches & Treasure Coast**: $5,000 (2023, educational grant) The foundation's grantmaking is supported by interest income from its interest-bearing account. Total giving in recent years has been approximately $2.4 million annually.
Where does The Hand Foundation Inc make grants?
The foundation operates in Florida, with a primary focus on the Palm Beach region and surrounding areas.
What size grants does The Hand Foundation Inc award?
In 2024, The Hand Foundation Inc awarded 131 grants totaling $2.5M — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is The Hand Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hand Foundation Inc reported a distributable amount of $7.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hand Foundation Inc's EIN?
The Hand Foundation Inc's EIN (Employer Identification Number) is 65-0118848. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hand 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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