The Hera Foundation
The Hera Foundation is a private foundation, based in Fisher Island, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 11 grants totaling $136K. Net investment income was $99K.
Key facts about The Hera Foundation
- EIN
- 13-3583082
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $136,000
- Grants made (2024)
- 11
- Average grant
- $12,364
- Median grant
- $5,000
- New grantees (estimate)
- 36% first-time grantees (4 of 11, 2024)
- Total assets
- $2,515,571
- Primary geography
- Florida (82% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Hera Foundation funds
By grant dollars, the top recipient states for The Hera Foundation's 11 itemized 2024 grants were Florida (82%), New York (9%) and Connecticut (7%). The most frequent recipient cities were New York, NY (3 grants). None of its 11 grants with a stated purpose were described as general or operating support. Recurring purposes include "Education" (3 grants).
Is The Hera Foundation open to new grantees?
36%
first-time grantees, 2024
In 2024, 4 of 11 grantees (36%) were first-time recipients. First grants averaged $3K; repeat grants $18K. How we count
Medians: $3K first-time, $5K repeat.
- 64% of 2024 grantees were also funded in 2023. Method
- Giving grew 65% from 2021 to 2024. Method
- In 2024 it paid out 127% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Hera Foundation
- How to evaluate The Hera Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+3.5% YoY
Annual Giving
$136K
-6.2% YoY
Grant Count
11
-8.3% YoY
Avg Grant Size
$12K
+2.3% YoY
Under IRS private-foundation payout rules, The Hera Foundation reported a distributable amount of $131K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hera Foundation
Based on IRS filings
The Hera Foundation is a private foundation, based in Fisher Island, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 11 grants totaling $136K. Net investment income was $99K.
Ready to take the next step with The Hera Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,515,571 | $2,429,589 | $2,593,152 |
| Revenue | $328,310 | $81,198 | $307,426 |
| Expenses | $242,328 | $244,761 | $193,812 |
| Qualifying Distributions | $166,921 | $189,217 | $141,889 |
| Net Investment Income | $99,065 | $17,953 | $155,493 |
| Distributable Amount | $131,021 | $123,384 | $125,304 |
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 10 recipients in 2024
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of Miami Dept of Otolaryngology ($81,000), Mount Sinai Medical Center Foundation ($31,000), Albert Einstein School of Medicine ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF MIAMI DEPT OF OTOLARYNGOLOGY Coral Gables, FL | SUPPORT OF THE HEARING AND COMMUNICATIONS DISORDERS RESEARCH FUND | $81,000 |
| MOUNT SINAI MEDICAL CENTER FOUNDATION Miami Beach, FL | EDUCATION AND RESEARCH | $31,000 |
| ALBERT EINSTEIN SCHOOL OF MEDICINE Bronx, NY | TO ADVANCE EDUCATION IN FIELD OF CANCER | $5,000 |
| AMERICAN FRIENDS OF MAGEN DAVID ALOM New York, NY | MEDICAL ASSISTANCE | $5,000 |
| SIMPLY SMILES Westport, CT | CARE FOR UNDERPRIVILEGED CHILDREN | $5,000 |
| UCONN FOUNDATION Storrs, CT | EDUCATION | $5,000 |
| ALBERT ELLIS INSTITUTE New York, NY | EDUCATION | $1,000 |
| FOUNDATION FOR WOMEN'S CANCER Chicago, IL | CANCER RESEARCH | $1,000 |
| MEMORIAL SLOAN KETTERING New York, NY | SUPPORT OF MEDICAL EDUCATION, SCHOLARSHIPS AND RESEARCH | $1,000 |
| FRIENDS OF CANCER RESEARCH Washington, DC | CANCER RESEARCH | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Arthur Goldberg | Director | 0.2 | — |
| Carolyn Runowicz MD | President | 0.3 | — |
| Sheldon Cherry MD | Secretary/Treasurer | 7 | $48,000 |
| Michael Fischer | Director | 0.2 | — |
| Rebecca Gourevitch | Director | 0.2 | — |
Frequently Asked Questions
How large is The Hera Foundation?
As of 2024, The Hera Foundation holds $2.5M in total assets with $328K in annual revenue. It awarded 11 grants totaling $136K in 2024.
Where does The Hera Foundation operate?
The Hera Foundation has awarded grants in California, Connecticut, District of Columbia, Florida, Illinois, New York, Pennsylvania, Virginia.
What size grants does The Hera Foundation award?
In 2024, The Hera Foundation awarded 11 grants totaling $136K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Hera Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hera Foundation reported a distributable amount of $131K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hera Foundation's EIN?
The Hera Foundation's EIN (Employer Identification Number) is 13-3583082. 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.