The Hearn Educational Fund
The Hearn Educational Fund is a private foundation, based in Pittsburgh, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 9 grants totaling $83K. Net investment income was $146K.
The Hearn Educational Fund at a glance
In short: The Hearn Educational Fund gave $83K across 9 grants in 2025 (avg $9K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $83,220
- -4.4% vs 2024
- Grants made (2025)
- 9
- +12.5% vs 2024
- Average grant
- $9,247
- -15.1% vs 2024
- Median grant
- $9,000
- Total assets
- $1,857,807
- +2.3% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Hearn Educational Fund funds
How this funder distributes its grants
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 51 grants of 51 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How The Hearn Educational Fund gives
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $81K (2019) to $108K (2022). In 2025 it made 9 grants totaling $83K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 9 individual scholarships Recipients not named | — | $83,220 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,857,807 | $165,478 | $123,597 | $83,220 | 9 | $102,360 | $146,031 | $105,351 |
| 2024 | $1,815,389 | $108,241 | $133,904 | $87,091 | 8 | $114,853 | $90,060 | $105,153 |
| 2023 | $1,837,616 | $59,232 | $119,295 | $89,642 | 10 | $99,197 | $36,369 | $92,101 |
| 2022 | $1,896,364 | $42,557 | $145,026 | $107,554 | 11 | $118,794 | $21,323 | $97,047 |
| 2021 | $1,996,919 | $214,368 | $115,932 | $81,592 | 13 | $92,074 | $190,576 | $117,006 |
| 2020 | $1,889,923 | $6,009 | $118,602 | $84,994 | 14 | — | $20,929 | $95,118 |
| 2019 | $2,009,176 | $72,464 | $126,357 | $80,900 | 16 | — | $51,577 | $99,362 |
Under IRS private-foundation payout rules, The Hearn Educational Fund reported a distributable amount of $105K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Hearn Educational Fund's only listed officer is PNC Bank N A, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
PNC Bank N A
Trustee
New on the 2025 filing
1 hr/week
$30K (2025)
Former officers (1)
- Former: PNC Bank NA (2019–2024) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $30K, to PNC Bank N a (Trustee).
Frequently asked questions about The Hearn Educational Fund
How much does The Hearn Educational Fund give each year?
The Hearn Educational Fund gave $83K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $87K across 8 grants.
What is The Hearn Educational Fund's typical grant size?
The Hearn Educational Fund's median grant in 2025 was $9,000, and its average grant was $9,247, across 9 grants on its 2025 IRS Form 990-PF.
Where does The Hearn Educational Fund give grants?
The Hearn Educational Fund gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Hearn Educational Fund give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on The Hearn Educational Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (9 grants).
How large is The Hearn Educational Fund?
The Hearn Educational Fund reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $105K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Hearn Educational Fund's EIN?
The Hearn Educational Fund's EIN (Employer Identification Number) is 51-6015401. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 26, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 25, 2024)
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Browse active grant opportunities in The Hearn Educational Fund's focus areas in our free grants database
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