Also known as: C/O FINANCIAL INVESTMENT CORP
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The program supports registered charities that demonstrate entrepreneurial thinking and provide a 'hand-up' rather than a 'hand-out'. It prioritizes innovative programs that meet significant community needs and fosters collaboration and cooperation among organizations. The foundation looks favorably upon projects that support the development and advancement of free market economies and promote health and wellness within a healthy social fabric.
Hunter Family Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2018. It holds total assets of $420.5M. Annual income is reported at $299.7M. Total assets have grown from $56.2M in 2019 to $420.5M in 2024. The foundation is governed by 4 officers and trustees. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Illinois. According to available records, Hunter Family Foundation has made 384 grants totaling $17.8M, with a median grant of $25K. Annual giving has grown from $3.3M in 2020 to $7.3M in 2023. Grantmaking activity was highest in 2022 with $7.3M distributed across 208 grants. Individual grants have ranged from $500 to $3M, with an average award of $46K. The foundation has supported 149 unique organizations. The foundation primarily supports organizations in Illinois, California, Colorado, which account for 72% of all grants. Grantmaking reaches organizations across 17 states. Contributions to this foundation are tax-deductible.
The Hunter Family Foundation operates as a tightly held family philanthropic vehicle with a clear preference for long-term, trust-based relationships over transactional grantmaking. Founded in 1993 by Maxine Morrison Hunter and Thomas Benton Hunter III, HFF has evolved from an arts-centric Chicago-area funder into a broadly diversified private foundation with $420.5M in assets as of FY2024. Leadership is entirely family-driven: Thomas B. Hunter IV serves as President (compensated at $192,137), with Willard M. Hunter as Vice President and Board Chair, Peter M. Hunter as Treasurer, and Willard K. Hunter as Secretary.
HFF's giving philosophy is rooted in personal conviction and familial legacy rather than formal program strategy documents. The foundation supports five overlapping domains: education, health and human services, environment, arts and culture, and community development. With 219 of 384 tracked grants flowing to Illinois organizations (57%), the foundation's center of gravity is unmistakably Chicago and the northern Illinois collar counties, particularly Lake County — home to Waukegan, Lake Forest, and Lake Bluff.
The foundation does not accept unsolicited applications. This is not a soft preference but a firm operating principle: HFF's IRS filings and public profiles confirm that grantees are identified through existing relationships, peer networks, and board-driven discovery. Organizations hoping to enter the portfolio must invest in relationship building through board member connections, community convenings, or warm introductions from current grantees.
The most durable relationships in the portfolio — Ravinia Festival ($3.1M across 4 grants plus a 2025 $10M commitment), North Lawndale College Prep ($675K across 6 grants), iMentor ($600K across 4 grants), and College of Lake County Foundation ($600K across 4 grants) — show 4–6 grants over multiple years, demonstrating that HFF rewards sustained partnership. The foundation primarily funds general operating support, signaling that it trusts organizational leadership to deploy resources wisely. First-time applicants should expect a relationship incubation period of 12–24 months before a first grant materializes, and should calibrate early asks modestly (around $25K–$50K) before growing the relationship.
HFF's annual giving has grown steadily from $3.65M (FY2019) to $9.45M (FY2023) — a 159% increase in four years. In FY2023, the foundation received $222.5M in contributions, vaulting assets from $62.3M to $287.3M in a single year, then further to $420.5M in FY2024. This dramatic influx likely reflects a major family wealth transfer or liquidity event. At a standard 5% payout rate on $420M+, HFF's giving capacity could reach $20M+ annually — nearly double FY2023 levels.
Across the 384 tracked grants totaling $17.8M in the database, the average grant is $46,470 and the median is $25,000. Foundation-reported typical grant parameters are: minimum $5,000, median $25,000, average $42,888, and maximum $255,000 — though outlier naming and capital gifts (Ravinia: $3.1M recorded; Northwestern Memorial Foundation Hunter Simulation and Education Center: $635K) exceed the typical range significantly.
By program area (estimated from grantee purposes across the portfolio): - Education (~35%): iMentor ($600K), North Lawndale College Prep ($675K), College of Lake County Foundation ($600K), Room to Read ($550K), Bernie's Books ($700K+), Build On ($325K), Reading Power ($125K), Working in the Schools ($100K) - Health (~22%): Northwestern Memorial Foundation ($635K), Erie Family Health Center ($525K), Start Early ($197.8K), Kids First Health Care ($185K), JourneyCare Foundation ($200K), Lurie Children's Hospital ($85K) - Community/Human Services (~18%): MetroSquash ($425K), North Lawndale Employment Network ($300K), Northern Illinois Foodbank ($230K), Mano A Mano Family Resource Center ($155K), Greater Chicago Food Depository ($165K) - Arts & Culture (~15%): Ravinia Festival ($3.1M+), Chicago Botanic Garden ($100K), Lake Forest-Lake Bluff Historical Society ($115K), Brushwood Center at Ryerson Woods ($90K) - Environment (~10%): National Fish and Wildlife Foundation / Chi-Cal Rivers Fund ($300K), Rare / Fish Forever ($285K), Alliance for the Great Lakes ($270K), Nature Conservancy Illinois ($185K), Friends of the Chicago River ($95K)
Geographically: 57% of grants go to Illinois (219 grants), with secondary clusters in California (29), Florida (30), Colorado (28), New York (12), and DC (11). Multi-year grant cycles of 3–6 awards per grantee are the norm for top relationships.
The following foundations were identified as asset-size peers in the $415M–$426M range, all classified under Philanthropy & Grantmaking:
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Hunter Family Foundation (IL) | $420.5M | $9.5M (FY2023) | Education, Health, Arts, Environment, Community | Invited Only |
| Satterberg Foundation (WA) | $425.6M | Est. $20M+ | Equity, Environment, Criminal Justice | By Invitation |
| Mathworks Foundation Inc. (MA) | $424.4M | N/A | STEM Education | By Invitation |
| Keith Campbell Foundation for the Environment (MD) | $420.2M | Est. $15M+ | Environmental Conservation | Competitive/Invited |
| Capital Group Companies Charitable Foundation (CA) | $415.4M | Est. $30M+ | Community Investment, Education | Open/Competitive |
| Nelda C and HJ Lutcher Stark Foundation (TX) | $419.2M | Est. $10M+ | Arts, Culture, Education (TX-focused) | By Invitation |
The Hunter Family Foundation sits squarely in the $420M asset tier but stands out for its relatively modest current giving rate (~2.2% of assets in FY2023), suggesting significant runway for giving growth as the foundation scales into its new asset base. Unlike the Capital Group Companies Charitable Foundation, which operates a more formalized open grant process tied to corporate philanthropy, HFF maintains the deeply personal, invitation-only model typical of single-family foundations. Compared to the Satterberg Foundation (Washington state, equity and justice focus) or Keith Campbell Foundation (environment), HFF's multi-sector portfolio is broader, making geographic and programmatic alignment — specifically Illinois and Lake County — the primary qualifying filter for prospective grantees.
The most significant recent development is HFF's February 2025 announcement of a $10 million leadership gift to Ravinia Festival in Highland Park, Illinois — the foundation's largest single public gift on record. The gift will rename the festival's iconic main stage the Hunter Pavilion, honoring founders Maxine and Thomas B. Hunter III. This gift anchors Ravinia's $75M 'Setting the Stages' capital campaign, with Phase 1 improvements completing before the 2025 summer season (June 6–August 31) and Phase 2 concluding before the 2026 season.
On the environmental front, the Chi-Cal Rivers Fund partnership with the National Fish and Wildlife Foundation has continued to grow, with recent grant announcements of approximately $2.1M and $1.85M for habitat restoration, stormwater reduction, and public access improvements in the Chicago-Calumet region — areas that align with HFF's historical support for Friends of the Chicago River ($95K), Alliance for the Great Lakes ($270K), and Illinois Environmental Council Education ($110K).
The foundation's FY2023 IRS filing revealed its most dramatic financial development in its 30-year history: $222.5M in contributions received in a single year, growing assets from $62.3M to $287.3M and onward to $420.5M in FY2024. This suggests a major family liquidity event — likely a business sale or estate transfer — that will underpin significantly higher future grant levels. Leadership has remained stable throughout this growth period, with Thomas B. Hunter IV serving continuously as President.
Because HFF does not accept unsolicited applications, success requires a relationship strategy rather than a proposal strategy. Here is actionable guidance specific to this funder:
Map the grantee network first. HFF's existing grantees are the most reliable introduction pathway. Identify board members or executives at Ravinia Festival, iMentor, North Lawndale College Prep, Erie Family Health Center, Alliance for the Great Lakes, MetroSquash, and College of Lake County Foundation — individuals in these organizations have demonstrated goodwill with the Hunter family and may be able to facilitate introductions.
Prioritize Lake County, Illinois positioning. HFF shows the deepest programmatic concentration in Lake County: College of Lake County Foundation ($600K), PADS Lake County ($100K), Lake Forest Open Lands Association ($190K), Mano A Mano Family Resource Center ($155K), Lake County Community Foundation ($325K), and Lake County Partnership for Economic Development ($150K). Organizations delivering programming in this specific geography carry a distinct advantage.
Use NFWF's Chi-Cal Rivers Fund as a direct entry point. For environmental organizations working in the Chicago-Calumet watershed, the National Fish and Wildlife Foundation administers the Chi-Cal Rivers Fund with its own competitive application process. This is the only publicly accessible pathway to HFF-affiliated funding and should be the first step for any environmental nonprofit.
Demonstrate alignment language across HFF's five pillars. Proposals and organizational materials should reflect the themes HFF has repeatedly funded: college access and workforce development, early childhood health and education, urban environmental conservation, arts access, and food/housing security. Avoid jargon; HFF's giving is personal and narrative-driven.
Lead with general operating credibility. Nearly all top grantees received 'GENERAL SUPPORT' designations. When you earn a meeting, emphasize organizational health metrics — audited financials, staff tenure, program outcome data, and board governance — not just project budgets. HFF invests in institutions, not programs.
Calibrate first asks modestly. Entry grants in the $25K–$50K range align with the foundation's median gift of $25,000. Relationships that prove durable grow to $100K–$300K+ annually. Do not lead with a large ask.
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Smallest Grant
$5K
Median Grant
$25K
Average Grant
$43K
Largest Grant
$255K
Based on 80 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.
HFF's annual giving has grown steadily from $3.65M (FY2019) to $9.45M (FY2023) — a 159% increase in four years. In FY2023, the foundation received $222.5M in contributions, vaulting assets from $62.3M to $287.3M in a single year, then further to $420.5M in FY2024. This dramatic influx likely reflects a major family wealth transfer or liquidity event. At a standard 5% payout rate on $420M+, HFF's giving capacity could reach $20M+ annually — nearly double FY2023 levels. Across the 384 tracked gran.
Hunter Family Foundation has distributed a total of $17.8M across 384 grants. The median grant size is $25K, with an average of $46K. Individual grants have ranged from $500 to $3M.
The Hunter Family Foundation operates as a tightly held family philanthropic vehicle with a clear preference for long-term, trust-based relationships over transactional grantmaking. Founded in 1993 by Maxine Morrison Hunter and Thomas Benton Hunter III, HFF has evolved from an arts-centric Chicago-area funder into a broadly diversified private foundation with $420.5M in assets as of FY2024. Leadership is entirely family-driven: Thomas B. Hunter IV serves as President (compensated at $192,137), w.
Hunter Family Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 17 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter M Hunter | TREASURER / DIRECTOR | $0 | $0 | N/A |
| Willard M Hunter | VICE PRESIDENT / BOARD CHAIR | $0 | $0 | N/A |
| Thomas B Hunter Iv | PRESIDENT / BOARD MEMBER | $0 | $0 | N/A |
| Willard K Hunter | SECRETARY / DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$420.5M
Fair Market Value
N/A
Net Worth
$419.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
384
Total Giving
$17.8M
Average Grant
$46K
Median Grant
$25K
Unique Recipients
149
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Project HopeGENERAL SUPPORT/TO SUPPORT EFFORTS IN TURKEY AND SYRIA | Washington, DC | $50K | 2023 |
| Tipping PointGENERAL SUPPORT | San Francisco, CA | $30K | 2023 |
| Ravinia Festival AssociationLEGACY GIFT IN HONOR OF MAXINE AND TOM HUNTER III | Highland Park, IL | $3M | 2023 |
| Northwestern Memorial FoundationHUNTER SIMULATION AND EDUCATION CENTER | Chicago, IL | $635K | 2023 |
| Bernie'S Books - Book Bank DonationsGENERAL SUPPORT | Lake Bluff, IL | $153K | 2023 |
| Erie Family Health CenterHEALTHREACH WAUKEGAN | Chicago, IL | $150K | 2023 |
| North Lawndale College Prep HsGENERAL SUPPORT | Chicago, IL | $150K | 2023 |
| College Of Lake County FoundationAPPRENTICESHIPS PROGRAM | Grayslake, IL | $150K | 2023 |
| ImentorCHICAGO PROGRAM | New York, NY | $125K | 2023 |
| National Fish And Wildlife FoundationCHI-CAL RIVERS FUND | Bloomington, MN | $100K | 2023 |
| Room To ReadCAMBODIA PROGRAMS | San Francisco, CA | $100K | 2023 |
| Planned Parenthood Of IllinoisGENERAL SUPPORT | Chicago, IL | $100K | 2023 |
| MetrosquashGENERAL SUPPORT | Chicago, IL | $100K | 2023 |
| North Lawndale Employment NetworkGENERAL SUPPORT | Chicago, IL | $75K | 2023 |
| Northern Illinois Food BankGENERAL SUPPORT | Geneva, IL | $75K | 2023 |
| Build-OnCHICAGO PROGRAM | Chicago, IL | $75K | 2023 |
| RareFISH FOREVER PROGRAMS IN HONDURAS AND GUATEMALA/CENTER FOR BEHAVIOR AND THE ENVIRONMENT | Arlington, VA | $75K | 2023 |
| Lake County Community FoundationGENERAL SUPPORT | Waukegan, IL | $75K | 2023 |
| Alliance For The Great LakesGENERAL SUPPORT | Chicago, IL | $70K | 2023 |
| Lurie Children'S Hospital Of Chicago FndCENTER FOR CHILDHOOD RESILIANCE | Chicago, IL | $60K | 2023 |
| Nature ConservancyILLINOIS PROGRAMS | Arlington, VA | $60K | 2023 |
| Start EarlyGENERAL SUPPORT | Chicago, IL | $55K | 2023 |
| Bridges To ProsperityGENERAL SUPPORT | Denver, CO | $50K | 2023 |
| The Chicago Community FoundationGENERAL SUPPORT | Chicago, IL | $50K | 2023 |
| Lake County Partnership For Economic DevGENERAL SUPPORT | Lincolnshire, IL | $50K | 2023 |
| North Chicago Community PartnersGENERAL SUPPORT | Lake Bluff, IL | $50K | 2023 |
| Parents As TeachersGENERAL SUPPORT | St Louis, MO | $50K | 2023 |
| Mano A Mano Family Resource CenterGENERAL SUPPORT | Round Lake Park, IL | $50K | 2023 |
| Kids First Health CareGENERAL SUPPORT | Commerce City, CO | $50K | 2023 |
| World Central KitchenTO SUPPORT EFFORTS IN TURKEY AND SYRIA/GENERAL SUPPORT | Washington, DC | $50K | 2023 |
| Greater Chicago Food DepositoryGENERAL SUPPORT | Chicago, IL | $45K | 2023 |
| Keeping Families CoveredGENERAL SUPPORT | Waukegan, IL | $40K | 2023 |
| Reading PowerGENERAL SUPPORT | Lake Forest, IL | $40K | 2023 |
| Lake Forest-Lake Bluff Historical SocietyGENERAL SUPPORT | Lake Forest, IL | $35K | 2023 |
| Children'S Advocacy And Family Resources - Sungate KidsGENERAL SUPPORT | Greenwood Village, CO | $35K | 2023 |
| Illinois Environmental Council EducationCLEAN POWER LAKE COUNTY/GENERAL SUPPORT | Springfield, IL | $35K | 2023 |
| Environmental Law & Policy Center MidwestGENERAL SUPPORT | Chicago, IL | $30K | 2023 |
| Brushwood Center At Ryerson WoodsGENERAL SUPPORT | Deerfield, IL | $30K | 2023 |
| ConnectlakecountyGENERAL SUPPORT | Deerfield, IL | $30K | 2023 |
| Latino Policy ForumGENERAL SUPPORT | Chicago, IL | $30K | 2023 |
| Friends Of The Chicago RiverGENERAL SUPPORT | Chicago, IL | $30K | 2023 |
| Working In The SchoolsGENERAL SUPPORT | Chicago, IL | $30K | 2023 |
| Youthbuild Lake CountyGENERAL SUPPORT | Chicago, IL | $30K | 2023 |
| The Friends Of Highwood Public LibraryGENERAL SUPPORT | Highwood, IL | $30K | 2023 |
| Trust For Public LandFOR CA, CO, IL PROGRAMS | Chicago, IL | $30K | 2023 |
| Lake Forest Open Lands AssociationGENERAL SUPPORT | Lake Forest, IL | $30K | 2023 |
| Colby-Sawyer CollegeSCHOOL OF NURSING & HEALTH SCIENCES | New London, NH | $25K | 2023 |
| Lake Forest CollegeHEALTH PROFESSIONS PROGRAM | Lake Forest, IL | $25K | 2023 |
| Midwest Access CoalitionGENERAL SUPPORT | Chicago, IL | $25K | 2023 |
| Ywca Of Metropolitan Of ChicagoLAKE COUNTY EARLY CHILDHOOD PROGRAMS | Chicago, IL | $25K | 2023 |