//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
The Hobbs Foundation is a private corporation based in JACKSONVILLE, IL. The foundation received its IRS ruling in 1987. The principal officer is Truman Hobbs Jr. It holds total assets of $1.3M. Annual income is reported at $729K. Total assets have decreased from $4.1M in 2011 to $2.7M in 2023. The foundation is governed by 5 officers and trustees. 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, The Hobbs Foundation has made 2 grants totaling $1.7M, with a median grant of $849K. The foundation has distributed between $818K and $879K annually from 2022 to 2023. Individual grants have ranged from $818K to $879K, with an average award of $849K. Grant recipients are concentrated in Alabama. 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.
The Hobbs Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in AL.
The Hobbs Foundation has distributed a total of $1.7M across 2 grants. The median grant size is $849K, with an average of $849K. Individual grants have ranged from $818K to $879K.
The Hobbs Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Hobbs Foundation is headquartered in JACKSONVILLE, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| B Stanton Reid Jr | Director | $0 | $0 | N/A |
| Truman M Hobbs Iii | Director | $0 | $0 | N/A |
| Truman M Hobbs Jr | President | $0 | $0 | N/A |
| Katherin Rose Trotter | Director | $0 | $0 | N/A |
| Margaret B Hobbs | Director | $0 | $0 | N/A |
Total Giving
$904K
Total Assets
$2.7M
Fair Market Value
$19.9M
Net Worth
$2.7M
Grants Paid
$879K
Contributions
N/A
Net Investment Income
$834K
Distribution Amount
$949K
Total: $2.4M
Total Grants
2
Total Giving
$1.7M
Average Grant
$849K
Median Grant
$849K
Unique Recipients
1
Most Common Grant
$818K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleSupport Charitable Activities | See Attached Listing, AL | $879K | 2023 |