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Hyman Korman Family Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 1949. The principal officer is Brown Brothers Harriman Trust Co N A. It holds total assets of $25K. Annual income is reported at N/A. Total assets have decreased from $8.2M in 2011 to $28K in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Pennsylvania. According to available records, Hyman Korman Family Foundation has made 21 grants totaling $2.7M, with a median grant of $15K. Annual giving has grown from $278K in 2022 to $2.4M in 2023. Individual grants have ranged from $3K to $1M, with an average award of $126K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Pennsylvania and New York and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$15K
Average Grant
$31K
Largest Grant
$100K
Based on 9 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.
Hyman Korman Family Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in PA, NY, NJ.
Hyman Korman Family Foundation has distributed a total of $2.7M across 21 grants. The median grant size is $15K, with an average of $126K. Individual grants have ranged from $3K to $1M.
Hyman Korman Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hyman Korman Family Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Leonard I Korman | TRUSTEE | $0 | $0 | N/A |
| Steven H Korman | TRUSTEE | $0 | $0 | N/A |
| Berton E Korman | TRUSTEE | $0 | $0 | N/A |
Total Giving
$2.4M
Total Assets
$28K
Fair Market Value
$28K
Net Worth
$28K
Grants Paid
$2.4M
Contributions
N/A
Net Investment Income
$233K
Distribution Amount
$82K
Total Grants
21
Total Giving
$2.7M
Average Grant
$126K
Median Grant
$15K
Unique Recipients
12
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Anti-Defamation LeagueGENERAL | New York, NY | $50K | 2023 |
| United WayGENERAL PURPOSE | Fairless Hills, PA | $5K | 2023 |
| Germantown AcademyGENERAL PURPOSE | Fort Washington, PA | $1M | 2023 |
| Thomas Jefferson University HospitalGENERAL | Philadelphia, PA | $1M | 2023 |
| Jewish Federation Of Greater PhiladelphiaGENERAL PURPOSE | Philadelphia, PA | $100K | 2023 |
| Albert Einstein Healthcare NetworkGENERAL PURPOSE | Philadelphia, PA | $100K | 2023 |
| Onefamily FundGENERAL | Teaneck, NJ | $50K | 2023 |
| Keneseth IsraelGENERAL PURPOSE | Elkins Park, PA | $15K | 2023 |
| Thomas Jefferson UniversityGENERAL PURPOSE | Philadelphia, PA | $15K | 2023 |
| Cystic Fibrosis FoundationGENERAL PURPOSE | Broomall, PA | $10K | 2023 |
| Talmudical Yeshiva Of PhiladelphiaGENERAL PURPOSE | Philadelphia, PA | $10K | 2023 |
| The Friends Of Einstein HealthcareGENERAL PURPOSE | Philadelphia, PA | $3K | 2023 |