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Steven H Korman Family Foundation is a private trust based in PLYMOUTH MTNG, PA. The foundation received its IRS ruling in 2010. It holds total assets of $11.5M. Annual income is reported at $13.5M. Total assets have grown from $132K in 2011 to $6.7M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Pennsylvania, North Carolina and New Jersey. According to available records, Steven H Korman Family Foundation has made 28 grants totaling $984K, with a median grant of $16K. Individual grants have ranged from $500 to $200K, with an average award of $35K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in Pennsylvania and New Jersey and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$65K
Average Grant
$73K
Largest Grant
$200K
Based on 8 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.
Steven H Korman Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in PA, NJ, NY.
Steven H Korman Family Foundation has distributed a total of $984K across 28 grants. The median grant size is $16K, with an average of $35K. Individual grants have ranged from $500 to $200K.
Steven H Korman Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Steven H Korman Family Foundation is headquartered in PLYMOUTH MTNG, PA. While based in PA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Steven H Korman | PRESIDENT | $0 | $0 | N/A |
Total Giving
$347K
Total Assets
$6.7M
Fair Market Value
$7.4M
Net Worth
$6.7M
Grants Paid
$319K
Contributions
N/A
Net Investment Income
$255K
Distribution Amount
$266K
Total: $6.4M
Total Grants
28
Total Giving
$984K
Average Grant
$35K
Median Grant
$16K
Unique Recipients
7
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Thomas Jefferson UniversityCENTER FOR COMMUNITY ENGAGEMENT | Philadelphia, PA | $200K | 2022 |
| The Pennsylvania State UniversityPROMISE SCHOLARSHIP | State College, PA | $80K | 2022 |
| Rutgers University FoundationGLORIA BONILLA SANTIAGO AND LEAP ACADEMY LEGACY ENDOWMENT | New Brunswick, NJ | $42K | 2022 |
| Pennsylvania SpcaBARK & WHINE GALA | Philadelphia, PA | $35K | 2022 |
| AdlFIGHT HATE FOR GOOD | New York, NY | $25K | 2022 |
| MannaCENTER FOR CULINARY MEDICINE | Philadelphia, PA | $20K | 2022 |
| Philadelphia ZooEVENING IN THE GARDEN EVENT | Philadelphia, PA | $10K | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA