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Hayne Foundation is a private trust based in PHILADELPHIA, PA. The foundation received its IRS ruling in 1998. The principal officer is Richard A Hayne. It holds total assets of $8.4M. Annual income is reported at $4.2M. Total assets have grown from $3.2M in 2010 to $8.1M in 2022. The foundation is governed by 3 officers and trustees. 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 2015 to 2023. According to available records, Hayne Foundation has made 2 grants totaling $5M, with a median grant of $2.5M. Annual giving has decreased from $3M in 2022 to $2M in 2023. Individual grants have ranged from $2M to $3M, with an average award of $2.5M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
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.
Hayne Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in PA.
Hayne Foundation has distributed a total of $5M across 2 grants. The median grant size is $2.5M, with an average of $2.5M. Individual grants have ranged from $2M to $3M.
Hayne Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hayne Foundation is headquartered in PHILADELPHIA, PA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard A Hayne | PRESIDENT | $0 | $0 | N/A |
| Margaret Hayne | VICE PRESIDENT | $0 | $0 | N/A |
| Freeman Zausner | SECRETARY | $0 | $0 | N/A |
Total Giving
$2M
Total Assets
$8.1M
Fair Market Value
$9.1M
Net Worth
$8.1M
Grants Paid
$2M
Contributions
N/A
Net Investment Income
$175K
Distribution Amount
$418K
Total: $7.5M
Total Grants
2
Total Giving
$5M
Average Grant
$2.5M
Median Grant
$2.5M
Unique Recipients
2
Most Common Grant
$2M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Westphal College Of Media Arts & DesignEDUCATION | Philadelphia, PA | $2M | 2023 |
| Springside Chestnut Hill AcademyEDUCATION | Philadelphia, PA | $3M | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA