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Also known as: C/O CERITY PARTNERS
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Hesed Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1998. The principal officer is The Northern Trust Co 16-96074. It holds total assets of $9.4M. Annual income is reported at $663K. Total assets have grown from $299K in 2011 to $9.4M in 2023. 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 2018 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Hesed Foundation has made 34 grants totaling $437K, with a median grant of $10K. Annual giving has grown from $195K in 2022 to $242K in 2023. Individual grants have ranged from $1K to $110K, with an average award of $13K. The foundation has supported 22 unique organizations. The foundation primarily supports organizations in Massachusetts, Indiana, California, which account for 79% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$10K
Largest Grant
$25K
Based on 15 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.
Hesed Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 34 grants. Its grantmaking reaches organizations primarily in MA, IN, CA.
Hesed Foundation has distributed a total of $437K across 34 grants. The median grant size is $10K, with an average of $13K. Individual grants have ranged from $1K to $110K.
Hesed Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hesed Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephanie S Choo | PRESIDENT/SECRETARY/DIRECTOR | $0 | $0 | N/A |
| Cynthia S Douglass | VICE PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Peter W Choo | TREASURER/DIRECTOR | $0 | $0 | N/A |
Total Giving
$248K
Total Assets
$9.4M
Fair Market Value
$13M
Net Worth
$9.4M
Grants Paid
$242K
Contributions
$10.3M
Net Investment Income
$334K
Distribution Amount
$548K
Total: $9.2M
Total Grants
34
Total Giving
$437K
Average Grant
$13K
Median Grant
$10K
Unique Recipients
22
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hap FoundationGENERAL | Oakbrook Terrace, IL | $5K | 2022 |
| Reservoir ChurchGENERAL | Cambridge, MA | $110K | 2023 |
| Rebuild AfricaGENERAL | Cambridge, MA | $22K | 2023 |
| Presidents And Fellows Of Harvard CollegeGENERAL | Cambridge, MA | $22K | 2023 |
| Friends Of Asha UsaGENERAL | Cambridge, MA | $20K | 2023 |
| World Gospel MissionGENERAL | Marion, IN | $16K | 2023 |
| Leadership Transformations IncGENERAL | South Hamilton, MA | $15K | 2023 |
| Partners In HealthGENERAL | Boston, MA | $10K | 2023 |
| Life Work DirectionGENERAL | Jamaica Plain, MA | $10K | 2023 |
| Mce Social CapitalGENERAL | San Francisco, CA | $10K | 2023 |
| Pax CenterGENERAL | La Porte, IN | $5K | 2023 |
| Village EnterpriseGENERAL | San Carlos, CA | $3K | 2023 |
| Harvard Th Chan School Of Public HealthGENERAL | Boston, MA | $23K | 2022 |
| George Washington UniversityGENERAL | Washington, DC | $10K | 2022 |
| Leardship Transformation IncGENERAL | South Hamilton, MA | $10K | 2022 |
| Canine Therapy CorpsGENERAL | Chicago, IL | $5K | 2022 |
| Johns Hopkins UniversityGENERAL | Baltimore, MD | $5K | 2022 |
| Barrington'S White HouseGENERAL | Barrington, IL | $3K | 2022 |
| Mosaic Center For Spiritual FormationsGENERAL | Evans, GA | $3K | 2022 |
| Society Of St John The EvangelistGENERAL | Cambridge, MA | $2K | 2022 |
| The Veritas Forum IncGENERAL | Cambridge, MA | $2K | 2022 |
| The Society Of St John The EvangelistGENERAL | Cambridge, MA | $1K | 2022 |