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Hp Foundation is a private corporation based in SUTTONS BAY, MI. The foundation received its IRS ruling in 2001. The principal officer is Deborah Holley Palms. It holds total assets of $1.2M. Annual income is reported at $103K. Total assets have decreased from $1.6M in 2011 to $1.2M in 2023. The foundation is governed by 4 officers and trustees. 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 Michigan. According to available records, Hp Foundation has made 86 grants totaling $397K, with a median grant of $4K. The foundation has distributed between $70K and $174K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $174K distributed across 32 grants. Individual grants have ranged from $200 to $20K, with an average award of $5K. The foundation has supported 40 unique organizations. The foundation primarily supports organizations in Michigan, Oregon, Ohio, which account for 92% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$3K
Average Grant
$3K
Largest Grant
$15K
Based on 21 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.
Hp Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 86 grants. Its grantmaking reaches organizations primarily in MI, OR, OH.
Hp Foundation has distributed a total of $397K across 86 grants. The median grant size is $4K, with an average of $5K. Individual grants have ranged from $200 to $20K.
Hp Foundation typically selects its grantees rather than accepting unsolicited proposals.
Hp Foundation is headquartered in SUTTONS BAY, MI. While based in MI, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Deborah Holley Palms | PRESIDENT | $17K | $0 | $17K |
| Jeffrey Francis Palms | ASSISTANT TREASURER | $0 | $0 | N/A |
| Jeffrey J Palms | TREASURER | $0 | $0 | N/A |
| Katherine Palms | SECRETARY | $0 | $0 | N/A |
Total Giving
$121K
Total Assets
$1.2M
Fair Market Value
$2.1M
Net Worth
$1.2M
Grants Paid
$80K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$97K
Total: $1M
Total Grants
86
Total Giving
$397K
Average Grant
$5K
Median Grant
$4K
Unique Recipients
40
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Peninsula HousingGENERAL OPERATING SUPPORT | Suttons Bay, MI | $5K | 2023 |
| Preserve Historical Sleeping BearGENERAL OPERATING SUPPORT | Empire, MI | $10K | 2023 |
| The Leelanau ConservancySTITIES NATURAL AREA | Leland, MI | $10K | 2023 |
| Inland Seas Education AssociationGENERAL OPERATING SUPPORT | Suttons Bay, MI | $5K | 2023 |
| Bay Theatre FoundationGENERAL OPERATING SUPPORT | Suttons Bay, MI | $5K | 2023 |
| The Groundwork Center For ResilientGENERAL OPERATING SUPPORT | Traverse City, MI | $5K | 2023 |
| Purpose ChurchGENERAL OPERATING SUPPORT | Goodyear, AZ | $5K | 2023 |
| National Association For Children Of AddictionGENERAL OPERATING SUPPORT | Bel Air, MD | $5K | 2023 |
| Northwest Michigan Rural Housing PartnershipGENERAL OPERATING SUPPORT | Traverse City, MI | $5K | 2023 |
| Food Rescue Of Northwest MichiganGENERAL OPERATING SUPPORT | Traverse City, MI | $5K | 2023 |
| Dennison UniversityHEALTH & WELLNESS FUND | Granville, OH | $4K | 2023 |
| NorteGENERAL OPERATING SUPPORT | Traverse City, MI | $3K | 2023 |
| Pope Francis CenterGENERAL OPERATING SUPPORT | Detroit, MI | $2K | 2023 |
| St Aloysius ChurchGENERAL OPERATING SUPPORT | Detroit, MI | $2K | 2023 |
| Leland Yacht Club FoundationGENERAL OPERATING SUPPORT | Leland, MI | $2K | 2023 |
| Breckenridge Outdoor Education CenterGENERAL OPERATING SUPPORT | Breckenridge, CO | $2K | 2023 |
| All Star CampGENERAL OPERATING SUPPORT | Oakland, MI | $1K | 2023 |
| Exponent PhilanthropyGENERAL OPERATING SUPPORT | Washington, DC | $815 | 2023 |
| Friends Of Herman ParkGENERAL OPERATING SUPPORT | Traverse City, MI | $20K | 2022 |
| The Bay Community TheatreGENERAL OPERATING SUPPORT | Suttons Bay, MI | $5K | 2022 |
| Tart TrailsGENERAL OPERATING SUPPORTGENERAL OPERATING SUPPORT | Traverse City, MI | $5K | 2022 |
| The Rose ChurchGENERAL OPERATING SUPPORT | Portland, OR | $5K | 2022 |
| Grand Traverse Young LifeGENERAL OPERATING SUPPORT | Traverse City, MI | $4K | 2022 |
| Council Of Michigan FoundationsGENERAL OPERATING SUPPORT | Grand Haven, MI | $1K | 2022 |
| St Paul On The Lake Catholic ChurchGENERAL OPERATING SUPPORT | Grosse Pointe Farms, MI | $1K | 2022 |
| Leelanau Christian NeighborsGENERAL OPERATING SUPPORT | Lake Leelanau, MI | $300 | 2022 |