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Also known as: C/O RICHARD M HERMAN
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Herman Foundation is a private corporation based in BENNINGTON, NE. The foundation received its IRS ruling in 2002. The principal officer is Richard M Herman. It holds total assets of $4.1M. Annual income is reported at $514K. Total assets have grown from $2.9M in 2011 to $4.1M in 2024. The foundation is governed by 3 officers and trustees. Type":1},"subscribed":false,"appDomain":"squarespace. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Nebraska. According to available records, Herman Foundation has made 12 grants totaling $690K, with a median grant of $35K. Annual giving has decreased from $500K in 2022 to $190K in 2023. Individual grants have ranged from $5K to $120K, with an average award of $58K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Nebraska. Contributions to this foundation are tax-deductible.
Smallest Grant
$15K
Median Grant
$25K
Average Grant
$54K
Largest Grant
$150K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Type":1},"subscribed":false,"appDomain":"squarespace. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NE.
Herman Foundation has distributed a total of $690K across 12 grants. The median grant size is $35K, with an average of $58K. Individual grants have ranged from $5K to $120K.
Herman Foundation typically selects its grantees rather than accepting unsolicited proposals.
Herman Foundation is headquartered in BENNINGTON, NE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard M Herman | PRESIDENT,TREASURER, DIREC | $48K | $0 | $48K |
| Richard Carstens | SECRETARY, DIRECTOR | $0 | $0 | N/A |
| Dr Richard A Carstens | VICE PRESIDENT, DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$4.1M
Fair Market Value
N/A
Net Worth
$4.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$690K
Average Grant
$58K
Median Grant
$35K
Unique Recipients
5
Most Common Grant
$15K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Nebraska FoundationCHARITABLE OPERATIONS | Lincoln, NE | $120K | 2023 |
| St Patrick Catholic ChurchCHARITABLE OPERATIONS | Elkhorn, NE | $50K | 2023 |
| Teammates FoundationCHARITABLE OPERATIONS | Lincoln, NE | $15K | 2023 |
| Foodbank For The HeartlandCHARITABLE OPERATIONS | Omaha, NE | $5K | 2023 |
| Bennington Community FoundationCHARITABLE OPERATIONS | Bennington, NE | $20K | 2022 |