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Also known as: C/O STERLING FOUNDATION MANAGEMENT LLC
Hobbs Foundation is a private corporation based in HERNDON, VA. The foundation received its IRS ruling in 2003. The principal officer is % Sterling Foundation Mgmt LLC 23. It holds total assets of $12.8M. Annual income is reported at $3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Hobbs Foundation has made 162 grants totaling $2.9M, with a median grant of $20K. Annual giving has grown from $531K in 2020 to $650K in 2023. Grantmaking activity was highest in 2022 with $1.2M distributed across 62 grants. Individual grants have ranged from $10K to $26K, with an average award of $18K. The foundation has supported 50 unique organizations. The foundation primarily supports organizations in Florida, New Jersey, Colorado, which account for 97% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Hobbs Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 162 grants. Its grantmaking reaches organizations primarily in FL, NJ, CO.
Hobbs Foundation has distributed a total of $2.9M across 162 grants. The median grant size is $20K, with an average of $18K. Individual grants have ranged from $10K to $26K.
Hobbs Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hobbs Foundation is headquartered in HERNDON, VA. While based in VA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Russell Hobbs | PRESIDENT/DIRECTOR | $0 | $0 | $0 |
Total Giving
$861K
Total Assets
$10.8M
Fair Market Value
$16.5M
Net Worth
$10.8M
Grants Paid
$650K
Contributions
$70K
Net Investment Income
$1.1M
Distribution Amount
$721K
Total: $9.9M
Total Grants
162
Total Giving
$2.9M
Average Grant
$18K
Median Grant
$20K
Unique Recipients
50
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Dawning Family ServicesGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| Voices For Children Foundation IncGENERAL SUPPORT | Miami, FL | $25K | 2023 |
| Children'S Harbor IncGENERAL SUPPORT | Pembroke Pines, FL | $25K | 2023 |
| The Children'S Place At Home SafeGENERAL SUPPORT | Lake Worth, FL | $25K | 2023 |
| Miami Diaper BankGENERAL SUPPORT | Miami, FL | $25K | 2023 |
Other foundations that have funded Hobbs Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Arbella Insurance Foundation Inc. | $50 | 2021 | UNRESTRICTED OPERATING FUNDS |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Educate Tomorrow CorpGENERAL SUPPORT | Miami Shores, FL | $25K | 2023 |
| Youth Haven IncGENERAL SUPPORT | Naples, FL | $25K | 2023 |
| Champions For ChildrenGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| Academy Prep Center Of TampaGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| Heart Gallery Of Tampa IncGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| Florida International University FoundationGENERAL SUPPORT | Miami, FL | $25K | 2023 |
| Place Of Hope IncGENERAL SUPPORT | Palm Beach Gardens, FL | $25K | 2023 |
| Family PromiseGENERAL SUPPORT | Summit, NJ | $25K | 2023 |
| Nurse Family PartnershipGENERAL SUPPORT | Denver, CO | $25K | 2023 |
| Boys And Girls Clubs Of MiamiGENERAL SUPPORT | Miami, FL | $25K | 2023 |
| Charity NavigatorGENERAL SUPPORT | Harlan, IA | $25K | 2023 |
| Chapman PartnershipGENERAL SUPPORT | Miami, FL | $20K | 2023 |
| Metropolitan MinistriesGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Junior Achievement Of Tampa BayGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Boys And Girls Clubs Of Tampa BayGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Voices For Children Of Tampa Bay IncGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Grace Place For Children And FamiliesGENERAL SUPPORT | Naples, FL | $20K | 2023 |
| Florida Baptist Children'S HomesGENERAL SUPPORT | Lakeland, FL | $20K | 2023 |
| Jack And Jill Children'S CenterGENERAL SUPPORT | Fort Lauderdale, FL | $20K | 2023 |
| Children'S Home NetworkGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Family Promise Of Brevard IncGENERAL SUPPORT | Rockledge, FL | $10K | 2023 |
| Boys And Girls Clubs Of Central FloridaGENERAL SUPPORT | Orlando, FL | $10K | 2023 |
| Kids In DistressGENERAL SUPPORT | Fort Lauderdale, FL | $10K | 2023 |
| Heart Gallery Of Sarasota IncGENERAL SUPPORT | Sarasota, FL | $10K | 2023 |
| Friends Of Joshua House FoundationGENERAL SUPPORT | Lutz, FL | $10K | 2023 |
| Clothes To Kids IncGENERAL SUPPORT | Clearwater, FL | $10K | 2023 |
| Boys And Girls Club Of Palm Beach CountyGENERAL SUPPORT | West Palm Beach, FL | $10K | 2023 |
| Boys And Girls Clubs Of Miami-DadeGENERAL SUPPORT | Miami, FL | $25K | 2022 |
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