The Huether Foundation Inc

Organization Overview

The Huether Foundation Inc is located in Phoenix, MD. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huether Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Huether Foundation Inc generated $489.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $489.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Huether Foundation Inc has awarded 149 individual grants totaling $1,429,899. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP PROGRAM WITH THE HARFORD COUNTY, MD SCHOOL SYSTEM. THE FDN AWARDS A COLLEGE SCHOLARSHIP TO A SENIOR IN A HARFORD COUNTY HIGH SCHOOL WHO PLANS TO PURSUE ENGINEERING STUDIES IN COLLEGE. RECIPIENT STUDENT IS REQUIRED TO MAINTAIN PASSING GRADES IN COLLEGE AS A CONDITION FOR KEEPING THE SCHOLARSHIP. THE SCHOLARSHIP AMOUNT IS $10,000 A YEAR AND CONTINUES FOR FOUR YEARS FOR NEW RECIPIENTS. THE SCHOLARSHIPS ARE PAID DIRECTLY TO COLLEGES WHERE THE RECIPIENTS ATTEND.


SCHOLARSHIP PROGRAM WITH INDEPENDENT CAN COMPANY EMPLOYEES. THE FDN AWARDS A COLLEGE SCHOLARSHIP TO CHILDREN OF EMPLOYEES OF INDEPENDENT CAN COMPANY WHO MEET SPECIFIC CRITERIA. THE SCHOLARSHIP IS FOR $3,000 A SEMESTER, WITH A MAXIMUM OF $6,000 FOR TWO SEMESTERS. IN 2022, STUDENTS RECEIVED A TOTAL OF $38,909 UNDER THE PROGRAM. THE SCHOLARSHIPS WERE PAID DIRECTLY TO THE COLLEGES.


SCHOLARSHIP PROGRAM WITH MCDONOGH SCHOOL. THE FDN AWARDS A COLLEGE SCHOLARSHIP TO A SENIOR AT MCDONOGH SCHOOL WHO PLANS TO PURSUE ENGINEERING STUDIES IN COLLEGE. THE SCHOLARSHIP IS $10,000 ANNUALLY AND CONTINUES FOR FOUR YEARS. THE SCHOLARSHIPS WERE PAID DIRECTLY TO THE COLLEGES.THE SCHOLARSHIPS WERE PAID DIRECTLY TO COLUMBIA UNIVERSITY, NORTHEASTERN UNIVERSITY, UNIVERSITY OF PENNSYLVANIA, AND UNIVERSITY OF MIAMI.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $239,306
Interest on Savings $0
Dividends & Interest $243,616
Net Rental Income$0
Net Gain on Sale of Assets $6,944
Capital Gain Net Income $6,944
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $489,866

Grants Awarded

Over the last fiscal year, The Huether Foundation Inc has awarded $473,409 in support to 52 organizations.

Grant RecipientAmount

GILCHRIST HOSPICE CARE

PURPOSE: UNRESTRICTED, CAPITAL CAMPAIGN

$70,000

BALTIMORE SYMPHONY ORCHESTRA

Org PageRecipient Profile

Baltimore, MD

PURPOSE: UNRESTRICTED

$30,000

ST JOSEPH MEDICAL CENTER

PURPOSE: UNRESTRICTED

$25,000

ST IGNATIUS LOYOLA ACADEMY

Org PageRecipient Profile

Baltimore, MD

PURPOSE: UNRESTRICTED

$22,000

FIRE MUSEUM OF MARYLAND

Org PageRecipient Profile

Lutherville, MD

PURPOSE: UNRESTRICTED

$20,000

NORTHEASTERN UNIVERSITY

Org PageRecipient Profile

Boston, MA

PURPOSE: SCHOLARSHIP PROGRAM, SEE PART IX-A

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
Msi-Us
Washington, DC
$71,292,993
Oberkotter Foundation
Philadelphia, PA
$23,009,013
Pnc Foundation
Pittsburgh, PA
$3,451,991
Peter Alfond Foundation
Bethesda, MD
$129,307,233
Bhp Foundation
Washington, DC
$68,102,954
Wyss Medical Foundation Inc
Washington, DC
$827,503
Service Coordination Inc
Frederick, MD
$52,158,150
Sarah Scaife Foundation Inc
Pittsburgh, PA
$79,121,296
Claws Foundation
Reston, VA
$1,734,426
J Howard Pew Freedom Tr
Philadelphia, PA
$64,346,772
J Willard And Alice S Marriott Foundation
Bethesda, MD
$31,840,539
Mccune Foundation
Pittsburgh, PA
$38,182,239

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