Hobby Family Foundation | Granted Foundation Directory | Granted AI
HOUSTON, TX
Hobby Family Foundation Quick Facts
EIN 760489862
Location HOUSTON, TX
Phone (713) 521-3377
Category Philanthropy & Grantmaking
Total Assets $4.9M
Annual Income $1.6M
IRS Ruling Year 1996
Organization Type Non-Operating Foundation
Principal Officer % Cathy Leeson
Tax Deductibility Contributions are deductible
About This Foundation Hobby Family Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 1996. The principal officer is % Cathy Leeson. It holds total assets of $4.9M. Annual income is reported at $1.6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Hobby Family Foundation has made 268 grants totaling $15.7M, with a median grant of $5K. Annual giving has grown from $824K in 2020 to $13.5M in 2023. Individual grants have ranged from $250 to $6.2M, with an average award of $59K. The foundation has supported 148 unique organizations. The foundation primarily supports organizations in Rhode Island, Texas, Virginia, which account for 88% of all grants. Grantmaking reaches organizations across 16 states. Contributions to this foundation are tax-deductible.
Application Information Preselected Only This foundation typically selects grantees rather than accepting unsolicited proposals.
Frequently Asked Questions What does Hobby Family Foundation fund? Hobby Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 268 grants. Its grantmaking reaches organizations primarily in RI, TX, VA.
How much does Hobby Family Foundation give in grants? Hobby Family Foundation has distributed a total of $15.7M across 268 grants. The median grant size is $5K, with an average of $59K. Individual grants have ranged from $250 to $6.2M.
How do I apply for a grant from Hobby Family Foundation? Hobby Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Where is Hobby Family Foundation located? Hobby Family Foundation is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 16 states.
Key People & Compensation (2022) Name Title Compensation Benefits Total Paul W Hobby TRUSTEE & VICE PRESIDENT $0 $0 $0 Wp Hobby TRUSTEE & PRESIDENT $0 $0 $0 Laura H Beckworth TRUSTEE & VICE PRESIDENT $0 $0 $0 Cathy Leeson TREASURER $0 $0 $0 Katherine H Gibson TRUSTEE & VICE PRESIDENT $0 $0 $0
990 Tax Filings Year Return Type PDF 2023 990PF 2022 990PF 2021 990PF 2020 990PF
Financial Overview Total Giving
$13.7M
2023 +1409%
Total Assets
$4.7M
2023 -59%
Fair Market Value
$8.7M
2023
Net Investment Income
$978K
2023
Distribution Amount
$900K
2023
Investment Portfolio (2023) Total: $4.3M
Corporate Stock (98%)
Cash (2%)
Revenue Sources (2023)
Capital Gains (Net) $689K
Dividends $396K
Interest $20K Financial Details (2023)
Total Revenue $1.1M
Total Expenses $13.7M
Exempt Purpose Expenses $13.5M
Required Distribution $900K
Undistributed Income $0
Grants Approved (Future) $367K
Total Liabilities $1
Excise Tax $14K Foundation Classification (2023) Operating Foundation
Grants to Individuals
Non-Charity Grants
Lobbying Activity
Excess Business Holdings
Grantmaking Insights Grant Disbursements by Year Grant Range Smallest grant Largest grant
Openness to New Grantees (2023)
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
RI $12.4M (2)
TX $2.6M (222)
VA $327K (12)
CO $120K (6)
NC $103K (4)
IA $90K (5)
Past Grantees Recipient Location Amount Year University Of Virginia TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Boone, IA $60K 2023 First Presbyterian Church TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023 Vanguard Charitable Endownment ProgramMAGNOLIA FAMILY FUND Warwick, RI $6.2M 2023 Memorial Park ConservancyTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $110K 2023 Unc Chapel Hill
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TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
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The Hobby Center FoundationTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $50K 2023
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Center For PursuitTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $10K 2023
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Will Erwin Headache Research FoundationTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $10K 2023
Noras Gift FoundationTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $10K 2023
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University Of Texas Ex-Students AssociationTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Austin, TX $10K 2023
Best Defense FoundationTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Solana Beach, CA $10K 2023
St Luke'S United Methodist ChurchTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $10K 2023
Houston Zoo IncTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023
Texas A&M University Commerce FoundationTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Commerce, TX $5K 2023
Houston Parks BoardTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023
The Broach Foundation For Brain Cancer ResearchTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023
Houston Arts AllianceTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023
Alzheimers Disease & Re Disorders AssociationTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023
Scenic Houston IncTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023
Hermann Park ConservancyTO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION Houston, TX $5K 2023
