Steven H Korman Family Foundation

Quick Stats

• Annual Giving: $908,440 (2024)
• Total Assets: $11,490,060 (2024)
• Decision Time: Not publicly available
• Grant Range: Variable (based on trustee discretion)
• Geographic Focus: Greater Philadelphia area

Contact Details

• Location: 580 W Germantown Pike Ste 200, Plymouth Meeting, PA 19462
• Phone: 484-351-2031
• Email: Not publicly available
• Website: No public website

Overview

The Steven H Korman Family Foundation is a private independent foundation established in 2010 with tax-exempt status. Led by Steven H. Korman, a prominent Philadelphia-area businessman and philanthropist, the foundation had total assets of $11.49 million and made charitable disbursements of $908,440 in 2024. Korman, a 1962 Penn State graduate and founding partner of Korman Communities, has built a legacy of giving focused on education, healthcare, and community service organizations in the Greater Philadelphia region. The foundation made 10 grants in its most recent reporting period, with recipients including Thomas Jefferson University.

Funding Priorities

Grant Programs

The foundation operates through trustee-directed grants without formal programs or public application processes.

Priority Areas

Based on known grants and Steven Korman's board affiliations:

• Higher education institutions (Penn State, Temple, Jefferson, Drexel)
• Healthcare organizations
• Community nutrition and food security (MANNA)
• Jewish organizations
• Social services in Greater Philadelphia

What They Don't Fund

Information not publicly available

Governance and Leadership

Trustee: Steven H. Korman - A Penn State alumnus ('62) who serves as chairman and board member of multiple organizations including Metropolitan Area Neighborhood Nutrition Alliance (MANNA), Temple University School of Sport, Tourism, and Hospitality Management, and Hyman Korman Family Foundation. Previously served as trustee at Drexel University.

Application Process & Timeline

How to Apply

This funder does not have a public application process. Grants are made at the discretion of the trustee to pre-selected organizations.

Getting on Their Radar

Based on Korman's documented philanthropic activities:

• Organizations where Korman serves on the board have received support
• Educational institutions where Korman has alumni connections or board service
• The foundation appears to support organizations where there are existing relationships

Application Success Factors

Since the foundation operates without a public application process, successful recipients typically have:

• Existing relationships with Steven Korman or the Korman family
• Alignment with causes Korman actively champions (education, healthcare, nutrition)
• Location in the Greater Philadelphia region
• Connection through board service or alumni networks

Key Takeaways for Grant Writers

• This is a relationship-based funder without public application opportunities
• Focus areas align with Steven Korman's personal interests and board affiliations
• Strong preference for Philadelphia-area organizations
• Education and healthcare are primary funding priorities
• Building connections through shared networks (Penn State, Temple, etc.) may be beneficial
• Consider reaching out directly at 484-351-2031 to inquire about funding possibilities

References

• ProPublica Nonprofit Explorer - Steven H Korman Family Foundation (accessed February 2026)
• Cause IQ - The Steven H Korman Family Foundation profile (accessed February 2026)
• Penn State Abington - "Abington alumnus Steve Korman to receive Alumni Fellow Award" (2019)
• Penn State University - "Philanthropist Steven Korman urges Abington students to live a life of service" (2016)
• Korman Communities corporate website - History and Leadership sections (accessed February 2026)