The Hermes Foundation
The Hermes Foundation is a private foundation, based in SHAKER HEIGHTS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $898K in total assets. In 2024, it awarded 16 grants totaling $49K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$898K
+7.9% YoY
Annual Giving
$49K
+24.5% YoY
Grant Count
16
+14.3% YoY
Avg Grant Size
$3K
+8.9% YoY
Under IRS private-foundation payout rules, The Hermes Foundation reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hermes Foundation
Based on IRS filings
The Hermes Foundation is a private foundation, based in SHAKER HEIGHTS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $898K in total assets. In 2024, it awarded 16 grants totaling $49K. Net investment income was $16K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $898,416 | $832,715 | $780,626 |
| Revenue | $127,622 | $103,224 | $26,597 |
| Expenses | $62,323 | $50,348 | $36,939 |
| Qualifying Distributions | $48,850 | $39,250 | $23,425 |
| Net Investment Income | $15,910 | $2,487 | $20,822 |
| Distributable Amount | $63,383 | $47,172 | $46,612 |
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 Cleveland Museum of Art ($25,000), St Paul's Episcopal Church ($7,000), Lambda Legal ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEVELAND DECORATIVE ARTS SOCIETY PEPPER PIKE, OH | CHARITABLE | $100 |
| ST PAUL'S EPISCOPAL CHURCH CLEVELAND HEIGHTS, OH | CHARITABLE | $7,000 |
| SHAKER LAKES NATURE CENTER SHAKER HEIGHTS, OH | CHARITABLE | $500 |
| GREATER CLEVELAND FOOD BANK CLEVELAND, OH | CHARITABLE | $500 |
| PETA NORFOLK, VA | CHARITABLE | $2,000 |
| CLEVELAND MUSEUM OF ART CLEVELAND, OH | CHARITABLE | $25,000 |
| ARGONAUT CLEVELAND, OH | CHARITABLE | $250 |
| LGBT CENTER OF GREATER CLEVELAND CLEVELAND, OH | CHARITABLE | $1,000 |
| URSULINE PIAZZA CLEVELAND, OH | CHARITABLE | $1,000 |
| FRIENDS OF MUSIC ST PAUL'S CHURCH CLEVELAND HEIGHTS, OH | CHARITABLE | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC J NILSON | TRUSTEE | 1 | — |
| JEFFREY MOSTADE | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is The Hermes Foundation?
As of 2024, The Hermes Foundation holds $898K in total assets with $128K in annual revenue. It awarded 16 grants totaling $49K in 2024.
Where does The Hermes Foundation operate?
The Hermes Foundation has awarded grants in California, Iowa, Illinois, Minnesota, New York, Ohio, Pennsylvania, Virginia.
What size grants does The Hermes Foundation award?
In 2024, The Hermes Foundation awarded 16 grants totaling $49K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Hermes Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hermes Foundation reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hermes Foundation's EIN?
The Hermes Foundation's EIN (Employer Identification Number) is 34-6930405. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hermes Foundation'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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