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New Hope Foundation is a private corporation based in OAK POINT, TX. The foundation received its IRS ruling in 2008. The principal officer is Kip Petroff. It holds total assets of $1K. Annual income is reported at $6K. Total assets have decreased from $1.1M in 2011 to $4K in 2022. The foundation is governed by 2 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. According to available records, New Hope Foundation has made 4 grants totaling $13K, with a median grant of $2K. Annual giving has grown from $4K in 2020 to $9K in 2021. Individual grants have ranged from $157 to $9K, with an average award of $3K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
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.
New Hope Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in TX.
New Hope Foundation has distributed a total of $13K across 4 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $157 to $9K.
New Hope Foundation typically selects its grantees rather than accepting unsolicited proposals.
New Hope Foundation is headquartered in OAK POINT, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kip A Petroff | PRESIDENT | $0 | $0 | N/A |
| Suzi Petroff | SECR & DIREC | $0 | $0 | N/A |
Total Giving
$5K
Total Assets
$4K
Fair Market Value
$4K
Net Worth
$4K
Grants Paid
N/A
Contributions
$8K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$13K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
2
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pay It ForwardCHARITY | Dallas, TX | $9K | 2021 |
| Latha NehruCHARITY | Irving, TX | $157 | 2021 |