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The Hitt Family Foundation Inc. is a private corporation based in FALLS CHURCH, VA. The foundation received its IRS ruling in 2001. The principal officer is % Russell A Hitt. It holds total assets of $12M. Annual income is reported at $15.3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Hitt Family Foundation Inc. has made 13 grants totaling $14.5M, with a median grant of $350K. Annual giving has decreased from $14M in 2021 to $468K in 2022. Individual grants have ranged from $10K to $6.8M, with an average award of $1.1M. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Virginia and Maryland and District of Columbia. Contributions to this foundation are tax-deductible.
The Hitt Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in VA, MD, DC.
The Hitt Family Foundation Inc. has distributed a total of $14.5M across 13 grants. The median grant size is $350K, with an average of $1.1M. Individual grants have ranged from $10K to $6.8M.
The Hitt Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Hitt Family Foundation Inc. is headquartered in FALLS CHURCH, VA. While based in VA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brett Hitt | PRESIDENT/TRUSTEE | $0 | $0 | $0 |
| Cullen A Hitt | VICE PRESIDENT/TRUSTEE | $0 | $0 | $0 |
| Alexander Seleznyov | TREASURER/SECRETARY/TRUSTEE | $0 | $0 | $0 |
Total Giving
$69K
Total Assets
$3.9M
Fair Market Value
$3.9M
Net Worth
$3.9M
Grants Paid
$0
Contributions
$0
Net Investment Income
$0
Distribution Amount
$180K
Total Grants
13
Total Giving
$14.5M
Average Grant
$1.1M
Median Grant
$350K
Unique Recipients
11
Most Common Grant
$234K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGENERAL USE | Fairfax, VA | $350K | 2021 |
| Inova Health System FoundationGENERAL USE | Falls Church, VA | $234K | 2022 |
| Virginia Tech FoundationGENERAL USE | Blacksburg, VA | $6.8M | 2021 |
| Caron FoundationGENERAL USE | Bethesda, MD | $1M | 2021 |
| Germanna FoundationGENERAL USE | Locust Grove, VA | $900K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2021 |
| St Mary'S Episcopal ChurchGENERAL USE | Arlington, VA | $714K | 2021 |
| Central United Methodist ChurchGENERAL USE | Arlington, VA | $350K | 2021 |
| FishburneGENERAL USE | Waynesboro, VA | $310K | 2021 |
| Capital CaringGENERAL USE | Washington, DC | $200K | 2021 |
| Amissville United Methodist ChurchGENERAL USE | Amissville, VA | $175K | 2021 |
| National Capital Area Council Boy ScoutsGENERAL USE | Bethesda, MD | $10K | 2021 |
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