The Heffernan Family Foundation
The Heffernan Family Foundation is a private foundation based in Rye Brook, New York, established in 2016. The foundation operates as a 501(c)(3) organization with a commitment to philanthropic giving across education, human services, and community support initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
-5.1% YoY
Annual Giving
$703K
-48.5% YoY
Grant Count
56
+0.0% YoY
Avg Grant Size
$13K
-48.5% YoY
Mission & Focus Areas
The foundation's core values center on four principles: helping those in need, generous giving, striving for positive change, and supporting communities.
Primary funding areas include:
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation also administers named scholarship programs, including the Frank and Lenore Heffernan Scholarship and the Garee Lee Smith Scholarship.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- New York
- New Hampshire
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2023):
- Total assets: $4,318,582
- Total revenues: $2,496,493
- Total expenses: $1,419,855
- Total grants, contributions: $1,600,231
- Investment income and dividends: $458,645
2024 Data:
- Total assets: $4,100,197
- Total giving: $703,350
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,100,197 | $4,318,582 | $3,241,944 |
| Revenue | $1,475,408 | $2,496,493 | $154,414 |
| Expenses | $828,491 | $1,419,855 | $1,048,347 |
| Qualifying Distributions | $754,602 | $1,374,625 | $1,007,471 |
| Net Investment Income | $1,226,519 | $1,952,454 | $217,520 |
| Distributable Amount | $287,027 | $257,583 | $233,393 |
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
192 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Mike Heffernan serves as President and CEO of Heffernan Insurance Brokers and Board Chair of the Heffernan Foundation. John P. Heffernan is identified as a foundation supporter.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN P HEFFERNAN DECEASED 091725 | DIRECTOR, PRESIDENT, TREASURER | 1 | — |
| JUNE D HEFFERNAN | DIRECTOR, VICE PRESIDENT, SECRETARY | 1 | — |
| JOHN P HEFFERNAN JR | DIRECTOR | 1 | — |
| JAMES W HEFFERNAN | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation celebrated 20 years of giving, marking significant milestone anniversaries in its philanthropic work. The organization announced 2025 scholarship recipients and continues to plan community events and fundraising activities for 2026.
Heffernan Foundation plans 2026 events | Insurance BusinessSubject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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