The Steven H Korman Family Foundation
The Steven H Korman Family Foundation is a private foundation based in Plymouth Meeting, Pennsylvania. It reported 13 grants totaling $1,339,500 in 2025, supporting organizations in Massachusetts, Pennsylvania, and New York.
The Steven H Korman Family Foundation at a glance
In short: The Steven H Korman Family Foundation gave $1.3M across 13 grants in 2025 (avg $103K), top state Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,339,500
- +47.5% vs 2024
- Grants made (2025)
- 13
- +18.2% vs 2024
- Average grant
- $103,038
- +24.8% vs 2024
- Median grant
- $100,000
- Total assets
- $9,867,322
- -14.1% vs 2024
- Primary geography
- Massachusetts (47% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The Steven H Korman Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Its filing lists no application form or materials, deadlines, or restrictions on awards.
- Contact
Application contact: The Foundation
Mailing address: 580 W Germantown Pike Suite 200, Plymouth Meeting, PA 19462
Phone: (484) 351-2031
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Steven H Korman Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Bank of America Charitable Gift Fund ($600K across 3 grants). Together the top 7 received $1.3M.
Grant Size Distribution
57 grants across all recorded years
The most common grant size was under $50K: 36 grants of 57 (63%).
Geographic Focus
Where this funder awards grants
In 2025, 47% of grant dollars went to recipients in Massachusetts, 35% to recipients in Pennsylvania, and 18% to recipients in New York.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
Cities
How The Steven H Korman Family Foundation gives
- Giving grew 172% from 2022 to 2025. Method
- In 2025 it paid out 246% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $319K (2023) to $1.3M (2025). In 2025 it made 13 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Technion Society New York, NY | Advancing Innovation | $247,000 |
| Bank of America Charitable Gift Fund Boston, MA | N/A | $200,000 |
| Bank of America Charitable Gift Fund Boston, MA | N/A | $200,000 |
| Bank of America Charitable Gift Fund Boston, MA | N/A | $200,000 |
| Kleinlife Philadelphia, PA | Youth Development | $154,500 |
| Manna Philadelphia, PA | Presenting Level Sponsorship at Manna's 35TH Anniversary Celebration | $100,000 |
| Manna Philadelphia, PA | Research Project with Chop | $100,000 |
| Manna Philadelphia, PA | Center for Culinary Medicine | $56,000 |
| Philadelphia Zoo Philadelphia, PA | A Wilder Future: Philadelphia Zoo Gala | $25,000 |
| Team Impact Quincy, MA | Medical Services for Children | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $9,867,322 | $590,766 | $2,213,504 | $1,339,500 | 13 | $1,321,500 | $419,079 | $537,961 |
| 2024 | $11,490,060 | $6,126,812 | $1,328,986 | $908,440 | 11 | $908,440 | $956,668 | $386,513 |
| 2023 | $6,692,234 | $-235,073 | $347,087 | $319,000 | 11 | $319,000 | $254,735 | $265,547 |
| 2022 | $7,274,394 | $507,654 | $517,880 | $492,161 | 14 | $490,621 | $487,935 | $291,783 |
| 2021 | $7,284,620 | $181,690 | $649,471 | $585,634 | 8 | $587,559 | $165,104 | $422,008 |
| 2020 | $7,752,401 | $3,370,585 | $532,369 | $519,259 | 10 | — | $3,363,431 | $300,919 |
Under IRS private-foundation payout rules, The Steven H Korman Family Foundation reported a distributable amount of $538K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for innovation, youth development, medical services for children, food-related programs, and charitable events. One recipient, TEAM IMPACT, describes its own mission as matching children facing serious and chronic illnesses with college athletic teams to address emotional trauma and social isolation.
Grantmaking
In 2025, the foundation reported 13 grants totaling $1,339,500. Grant amounts ranged from $5,000 to $247,000, with a median grant of $100,000. Notable grants included $247,000 to the American Technion Society for advancing innovation; $154,500 to KleinLife for youth development; and grants to MANNA of $100,000 for a research project with CHOP, $100,000 for presenting-level sponsorship at its 35th anniversary celebration, and $56,000 for the Center for Culinary Medicine. The foundation also gave $25,000 to TEAM IMPACT for medical services for children.
Leadership & Key People
Leadership team and compensation from IRS filings
Steven H Korman is listed as president on the 2025 filing.
The Steven H Korman Family Foundation is led by Steven H. Korman, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Steven H. Korman
President
On filings since 2020
No compensation reported
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.
Frequently asked questions about The Steven H Korman Family Foundation
How much does The Steven H Korman Family Foundation give each year?
The Steven H Korman Family Foundation gave $1.3M across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $908K across 11 grants.
What is The Steven H Korman Family Foundation's typical grant size?
The Steven H Korman Family Foundation's median grant in 2025 was $100,000, and its average grant was $103,038, across 13 grants on its 2025 IRS Form 990-PF.
Where does The Steven H Korman Family Foundation give grants?
The Steven H Korman Family Foundation's top state is Massachusetts, with 47% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (35%) and New York (18%). The most frequent recipient cities were Philadelphia, PA (8 grants) and Boston, MA (3 grants).
Does The Steven H Korman Family Foundation give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on The Steven H Korman Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are The Steven H Korman Family Foundation's largest grantees?
The Steven H Korman Family Foundation's largest 2025 grantees include Bank of America Charitable Gift Fund ($600,000 across 3 grants), Manna ($283,000 across 5 grants) and American Technion Society ($247,000), according to its 2025 IRS Form 990-PF. Together they received 84% of its itemized 2025 grant dollars.
How large is The Steven H Korman Family Foundation?
The Steven H Korman Family Foundation reported $9.9M in total assets on its 2025 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $538K (roughly 5% of its investment assets).
What does The Steven H Korman Family Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included support for innovation, youth development, medical services for children, food-related programs, and charitable events. See mission & focus areas ↑
How do I apply for a grant from The Steven H Korman Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does The Steven H Korman Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 17, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in The Steven H Korman Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Steven H Korman Family Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-steven-h-korman-family-foundation-morg_38a85d53602b4e40965ef3e811e58579
BibTeX
@misc{grantable_273004256_2026,
author = {{Grantable}},
title = {{The Steven H Korman Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-steven-h-korman-family-foundation-morg_38a85d53602b4e40965ef3e811e58579},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Steven H Korman Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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