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Robert M Hearin Foundation is a private trust based in RIDGELAND, MS. The foundation received its IRS ruling in 1965. The principal officer is First National Bank. It holds total assets of $33.4M. Annual income is reported at $10.6M. The foundation is governed by 6 officers and trustees. Tax records are available from 2018 to 2023. Grantmaking is concentrated in Mississippi. According to available records, Robert M Hearin Foundation has made 28 grants totaling $6.2M, with a median grant of $125K. Annual giving has grown from $2M in 2020 to $4.2M in 2022. Individual grants have ranged from $10K to $750K, with an average award of $222K. The foundation has supported 16 unique organizations. Grant recipients are concentrated in Mississippi. Contributions to this foundation are tax-deductible.
Robert M Hearin Foundation reported 28 individual grants totaling $6.2 million between 2020 and 2022 across its IRS Form 990-PF filings, with a median grant of $124,935. Half of those grants fell between $45,000 and $315,625. Its largest single grant in the record was $750,000. Its most recent available filing, for fiscal year 2022, reports $1.7 million in total giving.
Grantmaking is concentrated in MS, which received 28 of the 28 grants on record (100 percent). Of its 16 distinct grantees, 44 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Ms State University ($1.9 million), Univ Of Ms Medical Center ($1.8 million) and Ms College ($1.0 million).
Computed from 28 individual grant records (2020–2022) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
Smallest Grant
$10K
Median Grant
$103K
Average Grant
$145K
Largest Grant
$447K
Based on 14 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.
Robert M Hearin Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in MS.
Robert M Hearin Foundation has distributed a total of $6.2M across 28 grants. The median grant size is $125K, with an average of $222K. Individual grants have ranged from $10K to $750K.
4-year colleges and graduate schools located in the state of mississippi, and other charities.
Robert M Hearin Foundation is headquartered in RIDGELAND, MS.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alan W Perry | TRUSTEE | $15K | $0 | $15K |
| Matthew L Holleman Iii | TRUSTEE | $15K | $0 | $15K |
| E E Laird Jr | TRUSTEE | $15K | $0 | $15K |
| Laurie H Mcree | TRUSTEE | $15K | $0 | $15K |
| Robert M Hearin Jr | TRUSTEE | $15K | $0 | $15K |
| Steven M Hendrix | TRUSTEE | $15K | $0 | $15K |
Total Giving
$1.7M
Total Assets
$32.5M
Fair Market Value
$36.8M
Net Worth
$28.3M
Grants Paid
$1.3M
Contributions
N/A
Net Investment Income
$1.8M
Distribution Amount
$1.8M
Total: $2.5M
Total Grants
28
Total Giving
$6.2M
Average Grant
$222K
Median Grant
$125K
Unique Recipients
16
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ms State UniversitySCHOLARSHIPS | Mississippi State, MS | $750K | 2022 |
| Univ Of Ms Medical CenterSCHOLARSHIPS | Jackson, MS | $727K | 2022 |
| Ms CollegeSCHOLARSHIPS | Clinton, MS | $300K | 2022 |
| Delta StateSCHOLARSHIPS | Cleveland, MS | $140K | 2022 |
| Millsaps CollegeSCHOLARSHIPS | Jackson, MS | $75K | 2022 |
| Ms Symphony OrchestraEDUCATIONAL, SUPPORT | Jackson, MS | $56K | 2022 |
| Ms Museum Of ArtEDUCATIONAL, SUPPORT | Jackson, MS | $45K | 2022 |
| Univ Of MsSCHOLARSHIPS | University, MS | $165K | 2020 |
| Belhaven UniversitySCHOLARSHIPS | Jackson, MS | $110K | 2020 |
| Alcorn State UniversitySCHOLARSHIPS | Lorman, MS | $96K | 2020 |
| Mississippi University For WomenSCHOLARSHIPS | Columbus, MS | $30K | 2020 |
| William Carey UniversitySCHOLARSHIPS | Hattiesburg, MS | $24K | 2020 |
| Mississippi Valley State UniversitySCHOLARSHIPS | Itta Bena, MS | $23K | 2020 |
| Rust CollegeSCHOLARSHIPS | Holly Springs, MS | $10K | 2020 |
| Blue Mountain CollegeSCHOLARSHIPS | Blue Mountain, MS | $10K | 2020 |
| Tougaloo CollegeSCHOLARSHIPS | Tougaloo, MS | $10K | 2020 |