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Also known as: L EDWIN PAULSON JR TRUSTEE
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Hep Foundation is a private association based in LEXINGTON, KY. The foundation received its IRS ruling in 2004. The principal officer is L Edwin Paulson Jr. It holds total assets of $25K. Annual income is reported at $62K. Total assets have grown from $26K in 2011 to $41K in 2023. The foundation is governed by 2 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 2016 to 2023. Grantmaking is concentrated in Kentucky. According to available records, Hep Foundation has made 55 grants totaling $302K, with a median grant of $350. Annual giving has grown from $13K in 2021 to $46K in 2023. Grantmaking activity was highest in 2022 with $243K distributed across 28 grants. Individual grants have ranged from $100 to $116K, with an average award of $5K. The foundation has supported 30 unique organizations. Grants have been distributed to organizations in Kentucky and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$200
Average Grant
$9K
Largest Grant
$116K
Based on 14 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.
Hep Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 55 grants. Its grantmaking reaches organizations primarily in KY, PA.
Hep Foundation has distributed a total of $302K across 55 grants. The median grant size is $350, with an average of $5K. Individual grants have ranged from $100 to $116K.
Hep Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hep Foundation is headquartered in LEXINGTON, KY. While based in KY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jean Ellen Paulson | SUCCESSOR TR | $0 | $0 | N/A |
| L Edwin Paulson Jr | TRUSTEE | $0 | $0 | N/A |
Total Giving
$61K
Total Assets
$41K
Fair Market Value
$41K
Net Worth
$41K
Grants Paid
$46K
Contributions
$70K
Net Investment Income
$557
Distribution Amount
$2K
Total Grants
55
Total Giving
$302K
Average Grant
$5K
Median Grant
$350
Unique Recipients
30
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| EastersealsGENERAL PURPOSE | Lexington, KY | $14K | 2023 |
| First Presbyterian ChurchGENERAL PURPOSE | Lexington, KY | $3K | 2023 |
| University Of KentuckyGENERAL PURPOSE | Lexington, KY | $1K | 2023 |
| Grace Episcopal ChurchGENERAL PURPOSE | Paducah, KY | $1K | 2022 |
| The Hope CenterGENERAL PURPOSE | Lexington, KY | $15K | 2023 |
| Town Branch ParkGENERAL PURPOSE | Lexington, KY | $10K | 2023 |
| Northern Kentucky University FdnGENERAL PURPOSE | Highland Heights, KY | $1K | 2023 |
| Sayre SchoolGENERAL PURPOSE | Lexington, KY | $1K | 2023 |
| Lexington SchoolGENERAL PURPOSE | Lexington, KY | $500 | 2023 |
| Blue Grass TrustGENERAL PURPOSE | Lexington, KY | $450 | 2023 |
| Cardinal Hill FoundationGENERAL PURPOSE | Lexington, KY | $1K | 2022 |
| Camp Horsin AroundGENERAL PURPOSE | Perryville, KY | $1K | 2022 |
| Gods PantryGENERAL PURPOSE | Lexington, KY | $200 | 2022 |
| Lexington Rotary Endowment FundGENERAL PURPOSE | Lexington, KY | $200 | 2022 |
| Lexington Humane SocietyGENERAL PURPOSE | Lexington, KY | $100 | 2022 |
| Henry Clay Memorial FoundationGENERAL | Lexington, KY | $100 | 2022 |
| Nicholas County Historical SocietyGENERAL PURPOSE | Carlisle, KY | $100 | 2022 |
| Big Brothers Big Sisters Of The BluGENERAL | Lexington, KY | $100 | 2022 |
| Paducah SymphonyGENERAL PURPOSE | Paducah, KY | $1K | 2021 |
| Mercersburg AcademyGENERAL PURPOSE | Mercersburg, PA | $600 | 2021 |
| The Nature Conservancy KyGENERAL PURPOSE | Lexington, KY | $500 | 2021 |
| Lexington History MuseumGENERAL PURPOSE | Lexington, KY | $200 | 2021 |
| Independent Presbyterian ChurchGENERAL PURPOSE | Lexington, KY | $200 | 2021 |
| Baby Health ServiceGENERAL PURPOSE | Lexington, KY | $150 | 2021 |
| Alzheimers AssociationGENERAL PURPOSE | Lexington, KY | $100 | 2021 |
| Garden Club Of LexingtonGENERAL PURPOSE | Lexington, KY | $100 | 2021 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY