The Samuel and Hazel Cherniack Memorial Fund

Private foundation · Grantmaker Dallas, TX EIN: 06-6316291

The Samuel and Hazel Cherniack Memorial Fund is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 4 grants totaling $73K. Net investment income was $143K.

Key facts about The Samuel and Hazel Cherniack Memorial Fund

In short: The Samuel and Hazel Cherniack Memorial Fund gave $73K across 4 grants in 2025 (avg $18K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.

EIN
06-6316291
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$72,504
Grants made (2025)
4
Average grant
$18,126
Median grant
$10,878
Total assets
$1,496,578
Primary geography
Connecticut (85% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.5M

+4.0% YoY

Annual Giving

$73K

+2.7% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$18K

+2.7% YoY

Under IRS private-foundation payout rules, The Samuel and Hazel Cherniack Memorial Fund reported a distributable amount of $85K for 2025 — the minimum it must pay out in qualifying distributions.

How The Samuel and Hazel Cherniack Memorial Fund gives

  • Giving held roughly steady from 2022 to 2025 (−7%). Method
  • In 2025 it paid out 97% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

NewingtonNewtownOklahoma CitySt Petersburg

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K4 grants2020 4 grants2021 4 grants2022 4 grants2023 4 grants2024 4 grants2025

From 2020 to 2025, annual grant giving ranged from $52K (2023) to $78K (2022). In 2025 it made 4 grants totaling $73K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Congregation Adath Israel: $47KCongregation Adath Israel$47KMidstate Medical Center: $15KMidstate Medical Center$15KAmerican Cancer Society Inc: $7KAmerican Cancer Society Inc$7KAmerican Heart Association Inc: $4KAmerican Heart Association Inc$4K

The largest 2025 recipient was Congregation Adath Israel ($47K). Together the top 4 received $73K.

Grant Size Distribution

20 grants across all recorded years

20<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 20 grants of 20 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Congregation Adath Israel Newtown, CTUnrestricted General$47,122
Midstate Medical Center Newington, CTUnrestricted General$14,502
American Cancer Society Inc Oklahoma City, OKUnrestricted General$7,253
American Heart Association Inc St Petersburg, FLUnrestricted General$3,627

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,496,578$1,438,398$1,394,717
Revenue$161,209$144,826$39,148
Expenses$103,471$99,646$75,565
Qualifying Distributions$82,874$82,321$60,408
Net Investment Income$143,254$126,443$20,559
Distributable Amount$85,479$80,478$73,743

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 8, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS March 22, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

The Samuel and Hazel Cherniack Memorial Fund's only listed officer is Bank Of America, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • Bank Of America

    Trustee

    On filings since 2020

    1 hr/week

    $21K (2020) → $25K (2025)

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Bank of America — Trustee: $25KBank of AmericaTrustee$25K

The highest reported compensation on the 2025 filing was $25K, to Bank of America (Trustee).

Frequently asked questions about The Samuel and Hazel Cherniack Memorial Fund

How much does The Samuel and Hazel Cherniack Memorial Fund give each year?

The Samuel and Hazel Cherniack Memorial Fund gave $73K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $71K across 4 grants.

What is The Samuel and Hazel Cherniack Memorial Fund's typical grant size?

The Samuel and Hazel Cherniack Memorial Fund's median grant in 2025 was $10,878, and its average grant was $18,126, across 4 grants on its 2025 IRS Form 990-PF.

Where does The Samuel and Hazel Cherniack Memorial Fund give grants?

The Samuel and Hazel Cherniack Memorial Fund gives mostly in Connecticut: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Oklahoma (10%) and Florida (5%).

Does The Samuel and Hazel Cherniack Memorial Fund give general operating support?

Yes: 100% of The Samuel and Hazel Cherniack Memorial Fund's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is The Samuel and Hazel Cherniack Memorial Fund?

The Samuel and Hazel Cherniack Memorial Fund reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $83K in qualifying distributions that year, against a required minimum of $85K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is The Samuel and Hazel Cherniack Memorial Fund's EIN?

The Samuel and Hazel Cherniack Memorial Fund's EIN (Employer Identification Number) is 06-6316291. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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