The Heritage Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PRINCETON, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 20 grants totaling $193K. Net investment income was $133K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.6M
-1.6% YoY
Annual Giving
$193K
-7.9% YoY
Grant Count
20
+5.3% YoY
Avg Grant Size
$10K
-12.5% YoY
Under IRS private-foundation payout rules, The Heritage Fund Inc reported a distributable amount of $193K for 2024 — the minimum it must pay out in qualifying distributions.
About The Heritage Fund Inc
Based on IRS filings
The Heritage Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PRINCETON, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 20 grants totaling $193K. Net investment income was $133K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,553,177 | $3,609,657 | $3,642,674 |
| Revenue | $140,683 | $180,274 | $173,813 |
| Expenses | $197,163 | $213,278 | $201,701 |
| Qualifying Distributions | $193,642 | $209,750 | $200,500 |
| Net Investment Income | $133,456 | $179,389 | $173,813 |
| Distributable Amount | $192,693 | $189,393 | $207,357 |
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
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Wilberforce School ($50,000), Daughters Against Alzheimers ($15,000), K-life ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFRICAN INLAND MISSION PEACHTREE CITY, GA | UNRESTRICTED CHARITABLE GRANT | $7,500 |
| ATLANTA RESOURCE FOUNDATION ATLANTA, GA | UNRESTRICTED CHARITABLE GRANT | $5,000 |
| ATLANTA YOUTH PROJECT ATLANTA, GA | UNRESTRICTED CHARITABLE GRANT | $10,000 |
| CALVARY CHILDREN'S HOME POWDER SPRINGS, GA | UNRESTRICTED CHARITABLE GRANT | $5,000 |
| CENTER FOR CHRISTIAN STUDY CHARLOTTESVILLE, VA | UNRESTRICTED CHARITABLE GRANT | $10,000 |
| CITY OF REFUGE ATLANTA, GA | UNRESTRICTED CHARITABLE GRANT | $5,000 |
| COATS MINISTRIES WEST BEND, IA | UNRESTRICTED CHARITABLE GRANT | $5,000 |
| CURE ALZ WELLESLEY HILLS, MA | UNRESTRICTED CHARITABLE GRANT | $10,000 |
| DAUGHTERS AGAINST ALZHEIMERS ATLANTA, GA | UNRESTRICTED CHARITABLE GRANT | $15,000 |
| HARVEST USA PHILADELPHIA, PA | UNRESTRICTED CHARITABLE GRANT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HOWE D WHITMAN JR | PRESIDENT | 1 | — |
| VINCENT B MERKLE | DIRECTOR | 1 | — |
| HOWE D WHITMAN | VICE PRESIDENT | 1 | — |
| PAIGE W MERKLE | SECRETARY | 1 | — |
| VICKI B WHITMAN | DIRECTOR | 1 | — |
| BRENDA WHITMAN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Heritage Fund Inc?
The Heritage Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PRINCETON, NJ. It holds $3.6M in total assets as of 2024.
How large is The Heritage Fund Inc?
As of 2024, The Heritage Fund Inc holds $3.6M in total assets with $141K in annual revenue. It awarded 20 grants totaling $193K in 2024.
Where does The Heritage Fund Inc operate?
The Heritage Fund Inc has awarded grants in Florida, Georgia, Iowa, Illinois, Louisiana, Massachusetts, Minnesota, North Carolina, Nebraska, New Jersey, Pennsylvania, Virginia.
What size grants does The Heritage Fund Inc award?
In 2024, The Heritage Fund Inc awarded 20 grants totaling $193K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Heritage Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Heritage Fund Inc reported a distributable amount of $193K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Heritage Fund Inc's EIN?
The Heritage Fund Inc's EIN (Employer Identification Number) is 01-0782316. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Heritage Fund Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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