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Hoffman Family Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2020. The principal officer is % Ruby A Pediangco. It holds total assets of $6.5M. Annual income is reported at $2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Hoffman Family Foundation has made 14 grants totaling $4.7M, with a median grant of $250K. Annual giving has grown from $391K in 2020 to $1.4M in 2023. Grantmaking activity was highest in 2022 with $1.9M distributed across 6 grants. Individual grants have ranged from $141K to $1M, with an average award of $333K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Minnesota and Michigan. Contributions to this foundation are tax-deductible.
Hoffman Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in MN, MI.
Hoffman Family Foundation has distributed a total of $4.7M across 14 grants. The median grant size is $250K, with an average of $333K. Individual grants have ranged from $141K to $1M.
Hoffman Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hoffman Family Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tamara Hoffman | SECRETARY/TREASURER/DIRECTOR | $0 | $0 | $0 |
| Emily Long | DIRECTOR | $0 | $0 | $0 |
| Michael Hoffman | PRESIDENT/DIRECTOR | $0 | $0 | $0 |
Total Giving
$1.5M
Total Assets
$6.8M
Fair Market Value
$25.6M
Net Worth
$6.8M
Grants Paid
$1.4M
Contributions
$972K
Net Investment Income
$353K
Distribution Amount
$1.2M
Total: $675K
Total Grants
14
Total Giving
$4.7M
Average Grant
$333K
Median Grant
$250K
Unique Recipients
3
Most Common Grant
$250K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mayo ClinicGENERAL OPERATING | Rochester, MN | $1M | 2023 |
| University Of St ThomasSCHOLARSHIPS | St Paul, MN | $250K | 2023 |
| Scholarship America IncSCHOLARSHIPS | Detroit, MI | $187K | 2023 |
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