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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 $33.6M. Annual income is reported at $8.6M. 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.
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.
| 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 |