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Hite Family Foundation is a private corporation based in LONG LAKE, MN. The foundation received its IRS ruling in 2009. The principal officer is H Eugene Hite Jr. It holds total assets of $2K. Annual income is reported at $10K. Total assets have decreased from $168K in 2011 to $11K in 2023. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Hite Family Foundation has made 7 grants totaling $62K, with a median grant of $3K. Annual giving has grown from $20K in 2021 to $42K in 2022. Individual grants have ranged from $1K to $34K, with an average award of $9K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Minnesota and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$4K
Average Grant
$14K
Largest Grant
$34K
Based on 3 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.
Hite Family Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MN, CA.
Hite Family Foundation has distributed a total of $62K across 7 grants. The median grant size is $3K, with an average of $9K. Individual grants have ranged from $1K to $34K.
Hite Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hite Family Foundation is headquartered in LONG LAKE, MN. While based in MN, the foundation distributes grants to organizations across 2 states.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$64K
Total Assets
$11K
Fair Market Value
$11K
Net Worth
$11K
Grants Paid
$63K
Contributions
N/A
Net Investment Income
$1K
Distribution Amount
$2K
Total: $10K
Total Grants
7
Total Giving
$62K
Average Grant
$9K
Median Grant
$3K
Unique Recipients
4
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Philippine ScholarsScholarships to specific destitute students | Fridley, MN | $34K | 2022 |
| Joel Gatimu MumuScholarship to destitute student | Nairobi | $4K | 2022 |
| Jane WanjaScholarship to Destitute Student | Naivasha | $3K | 2022 |
| Room To ReadEducation funds for destitute students | San Francisco, CA | $1K | 2021 |