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Also known as: C/O CAREY HOBBS
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Hobbs Foundation is a private corporation based in WACO, TX. The foundation received its IRS ruling in 1991. It holds total assets of $591K. Annual income is reported at $32K. Total assets have grown from $371K in 2011 to $591K in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. Grantmaking is concentrated in Texas. According to available records, Hobbs Foundation has made 18 grants totaling $54K, with a median grant of $3K. Annual giving has decreased from $28K in 2021 to $16K in 2023. Individual grants have ranged from $250 to $10K, with an average award of $3K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Texas and District of Columbia and Colorado. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$4K
Largest Grant
$18K
Based on 11 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.
Hobbs Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in TX, DC, CO.
Hobbs Foundation has distributed a total of $54K across 18 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $250 to $10K.
Hobbs Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hobbs Foundation is headquartered in WACO, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Carey Hobbs | PRESIDENT | $0 | $0 | N/A |
Total Giving
$24K
Total Assets
$591K
Fair Market Value
$538K
Net Worth
$591K
Grants Paid
$16K
Contributions
N/A
Net Investment Income
$7K
Distribution Amount
$17K
Total: N/A
Total Grants
18
Total Giving
$54K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
12
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Museum Of The BibleCONTRIBUTION FOR EXEMPT PURPOSE | Washington, DC | $10K | 2023 |
| First Baptist Church Of WoodwayCONTRIBUTION FOR EXEMPT PURPOSE | Waco, TX | $3K | 2023 |
| Mission WacoCONTRIBUTION FOR EXEMPT PURPOSE | Waco, TX | $3K | 2023 |
| Advocacy Center WacoCONTRIBUTION FOR EXEMPT PURPOSE | Waco, TX | $3K | 2022 |
| Baylor Scott & White - Central Texas FoundationBOOK DONATION | Temple, TX | $1K | 2022 |
| Trinity Christian AcademyCONTRIBUTION FOR EXEMPT PURPOSE | Addison, TX | $1K | 2022 |
| Midway Choir Booster OrganizationCONTRIBUTION FOR EXEMPT PURPOSE | Waco, TX | $5K | 2021 |
| Waco Firefighter Honor GuardCONTRIBUTION FOR EXEMPT PURPOSE | Waco, TX | $4K | 2021 |
| Md Anderson Cancer CenterCONTRIBUTION FOR EXEMPT PURPOSE | Houston, TX | $1K | 2021 |
| Historic Waco FoundationCONTRIBUTION FOR EXEMPT PURPOSE | Waco, TX | $1K | 2021 |
| Cj BooksCONTRIBUTION FOR EXEMPT PURPOSE | Denver, CO | $998 | 2021 |
| Brazos Education FoundationCONTRIBUTION FOR EXEMPT PURPOSE | Waco, TX | $250 | 2021 |