The Steven H Korman Family Foundation
The Steven H Korman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH MEETING, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.5M in total assets. In 2024, it awarded 11 grants totaling $908K. Net investment income was $957K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.5M
+71.7% YoY
Annual Giving
$908K
+184.8% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$83K
+184.8% YoY
Under IRS private-foundation payout rules, The Steven H Korman Family Foundation reported a distributable amount of $387K for 2024 — the minimum it must pay out in qualifying distributions.
About The Steven H Korman Family Foundation
Based on IRS filings
The Steven H Korman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH MEETING, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.5M in total assets. In 2024, it awarded 11 grants totaling $908K. Net investment income was $957K.
Focus Areas
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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 | $11,490,060 | $6,692,234 | $7,274,394 |
| Revenue | $6,126,812 | $-235,073 | $507,654 |
| Expenses | $1,328,986 | $347,087 | $517,880 |
| Qualifying Distributions | $908,440 | $319,000 | $490,621 |
| Net Investment Income | $956,668 | $254,735 | $487,935 |
| Distributable Amount | $386,513 | $265,547 | $291,783 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Thomas Jefferson University ($200,000), Bank of America Charitable Gift Fund ($200,000), Bank of America Charitable Gift Fund ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BEAT THE STREETS PHILADELPHIA, PA | SPORTS-BASED YOUTH DEVELOPMENT | $5,000 |
| COMMUNITY COLLEGE OF PHILADELPHIA PHILADELPHIA, PA | EDUCATION | $4,400 |
| MANNA PHILADELPHIA, PA | CENTER FOR CULINARY MEDICINE | $14,040 |
| MANNA PHILADELPHIA, PA | CENTER FOR CULINARY MEDICINE | $21,800 |
| MANNA PHILADELPHIA, PA | CENTER FOR CULINARY MEDICINE | $13,200 |
| PENNSYLVANIA SPCA PHILADELPHIA, PA | ANIMAL SHELTER | $25,000 |
| PHILADELPHIA ZOO PHILADELPHIA, PA | EVENING IN THE GARDEN EVENT | $25,000 |
| THOMAS JEFFERSON UNIVERSITY PHILADELPHIA, PA | CENTER FOR COMMUNITY ENGAGEMENT | $200,000 |
| BANK OF AMERICA CHARITABLE GIFT FUND BOSTON, MA | N/A | $200,000 |
| BANK OF AMERICA CHARITABLE GIFT FUND BOSTON, MA | N/A | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN H KORMAN | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Steven H Korman Family Foundation?
The Steven H Korman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH MEETING, PA. It holds $11.5M in total assets as of 2024.
How large is The Steven H Korman Family Foundation?
As of 2024, The Steven H Korman Family Foundation holds $11.5M in total assets with $6.1M in annual revenue. It awarded 11 grants totaling $908K in 2024.
Where does The Steven H Korman Family Foundation operate?
The Steven H Korman Family Foundation has awarded grants in Massachusetts, North Carolina, New Jersey, New York, Pennsylvania.
What size grants does The Steven H Korman Family Foundation award?
In 2024, The Steven H Korman Family Foundation awarded 11 grants totaling $908K — an average of about $83K per grant, based on its IRS Form 990 filings.
How much is The Steven H Korman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Steven H Korman Family Foundation reported a distributable amount of $387K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Steven H Korman Family Foundation's EIN?
The Steven H Korman Family Foundation's EIN (Employer Identification Number) is 27-3004256. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Steven H Korman Family 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.