The Michael & Nancy Berman Family Foundation

Foundation · Grantmaker Wilmington, DE EIN: 83-1833501

The Michael & Nancy Berman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $384K in total assets. In 2024, it awarded 2 grants totaling $4K. Net investment income was $18K.

Key facts about The Michael & Nancy Berman Family Foundation

EIN: 83-1833501
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $3,500
Grants made (2024): 2
Average grant: $1,750
Median grant: $1,750
Total assets: $383,667
Primary geography: Massachusetts (71% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Michael & Nancy Berman Family Foundation gives

Giving fell 95% from 2021 to 2024. Method
In 2024 it paid out 68% 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.

Next steps with The Michael & Nancy Berman Family Foundation

How to evaluate The Michael & Nancy Berman Family Foundation as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$384K

+1.3% YoY

Annual Giving

$4K

-86.5% YoY

Grant Count

-84.6% YoY

Avg Grant Size

$2K

-12.3% YoY

Under IRS private-foundation payout rules, The Michael & Nancy Berman Family Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About The Michael & Nancy Berman Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $3K (71%)

Colorado $1K (29%)

Share of all 2 itemized 2024 grant dollars.

States

California Colorado District of Columbia Hawaii Massachusetts New York Oklahoma South Dakota Texas

Cities

BoulderSan FranciscoHonoluluBerkeleyDenverNew YorkOaklandHoustonLouisvilleMissionPasadenaSan QuentinSpencertownSteamboat SprWaialuaWashingtonCentennialClintonHaleiwaKailua

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$383,667	$378,664	$395,190
Revenue	$17,709	$18,298	$5,704
Expenses	$12,706	$34,824	$142,603
Qualifying Distributions	$12,452	$34,745	$142,386
Net Investment Income	$17,709	$18,298	$5,704
Distributable Amount	$18,427	$19,036	$20,645

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 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 2 recipients in 2024

Grant Size Distribution

60 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Girl Rising ($2,500), Yampa Valley Community Foundation ($1,000).

Recipient	Purpose	Amount
GIRL RISING Pittsfield, MA	Global Education Fund	$2,500
Yampa Valley Community Foundation Steamboat Springs, CO	Casey's Pond Retirement Center	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Erin Elizabeth Berman	VP	1	—
Kacie Ro Berman	VP	1	—
Michael Berman	Dir, Pres	1	—
Nancy Berman	Dir, Sec, Treas	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Michael & Nancy Berman Family Foundation?

The Michael & Nancy Berman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $384K in total assets as of 2024.

How large is The Michael & Nancy Berman Family Foundation?

As of 2024, The Michael & Nancy Berman Family Foundation holds $384K in total assets with $18K in annual revenue. It awarded 2 grants totaling $4K in 2024.

Where does The Michael & Nancy Berman Family Foundation operate?

The Michael & Nancy Berman Family Foundation has awarded grants in California, Colorado, District of Columbia, Hawaii, Massachusetts, New York, Oklahoma, South Dakota, Texas.

What size grants does The Michael & Nancy Berman Family Foundation award?

In 2024, The Michael & Nancy Berman Family Foundation awarded 2 grants totaling $4K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is The Michael & Nancy Berman Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael & Nancy Berman Family Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Michael & Nancy Berman Family Foundation's EIN?

The Michael & Nancy Berman Family Foundation's EIN (Employer Identification Number) is 83-1833501. IRS Form 990 filing data is available on this page for 2020–2024.