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Also known as: C/O STERLING FOUNDATION MANAGEMENT LLC
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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. Total assets have grown from $7.2M in 2011 to $10.8M in 2023. The foundation is governed by 1 officer or trustee. 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 Florida. 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.
Smallest Grant
$10K
Median Grant
$15K
Average Grant
$16K
Largest Grant
$26K
Based on 33 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 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 | N/A |
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 |
|---|---|---|---|
| Academy Prep Center Of TampaGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| Boys And Girls Clubs Of MiamiGENERAL SUPPORT | Miami, FL | $25K | 2023 |
| Champions For ChildrenGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| Children'S Harbor IncGENERAL SUPPORT | Pembroke Pines, FL | $25K | 2023 |
| Dawning Family ServicesGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| Family PromiseGENERAL SUPPORT | Summit, NJ | $25K | 2023 |
| Florida International University FoundationGENERAL SUPPORT | Miami, FL | $25K | 2023 |
| Heart Gallery Of Tampa IncGENERAL SUPPORT | Tampa, FL | $25K | 2023 |
| The Children'S Place At Home SafeGENERAL SUPPORT | Lake Worth, FL | $25K | 2023 |
| Miami Diaper BankGENERAL SUPPORT | Miami, FL | $25K | 2023 |
| Charity NavigatorGENERAL SUPPORT | Harlan, IA | $25K | 2023 |
| Educate Tomorrow CorpGENERAL SUPPORT | Miami Shores, FL | $25K | 2023 |
| Place Of Hope IncGENERAL SUPPORT | Palm Beach Gardens, FL | $25K | 2023 |
| Voices For Children Foundation IncGENERAL SUPPORT | Miami, FL | $25K | 2023 |
| Youth Haven IncGENERAL SUPPORT | Naples, FL | $25K | 2023 |
| Nurse Family PartnershipGENERAL SUPPORT | Denver, CO | $25K | 2023 |
| Grace Place For Children And FamiliesGENERAL SUPPORT | Naples, FL | $20K | 2023 |
| Voices For Children Of Tampa Bay IncGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Chapman PartnershipGENERAL SUPPORT | Miami, FL | $20K | 2023 |
| Junior Achievement Of Tampa BayGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Children'S Home NetworkGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Jack And Jill Children'S CenterGENERAL SUPPORT | Fort Lauderdale, FL | $20K | 2023 |
| Florida Baptist Children'S HomesGENERAL SUPPORT | Lakeland, FL | $20K | 2023 |
| Metropolitan MinistriesGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Boys And Girls Clubs Of Tampa BayGENERAL SUPPORT | Tampa, FL | $20K | 2023 |
| Boys And Girls Club Of Palm Beach CountyGENERAL SUPPORT | West Palm Beach, FL | $10K | 2023 |
| Boys And Girls Clubs Of Central FloridaGENERAL SUPPORT | Orlando, FL | $10K | 2023 |
| Heart Gallery Of Sarasota IncGENERAL SUPPORT | Sarasota, FL | $10K | 2023 |
| Family Promise Of Brevard IncGENERAL SUPPORT | Rockledge, FL | $10K | 2023 |
| Clothes To Kids IncGENERAL SUPPORT | Clearwater, FL | $10K | 2023 |
| Friends Of Joshua House FoundationGENERAL SUPPORT | Lutz, FL | $10K | 2023 |
| Kids In DistressGENERAL SUPPORT | Fort Lauderdale, FL | $10K | 2023 |
| Boys And Girls Clubs Of Miami-DadeGENERAL SUPPORT | Miami, FL | $25K | 2022 |