Hugin Family Foundation Inc

Organization Overview

Hugin Family Foundation Inc is located in Summit, NJ. The organization was established in 2002. 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. Hugin Family 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 12/2021, Hugin Family Foundation Inc generated $1.8m in total revenue. All expenses for the organization totaled $664.2k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Hugin Family Foundation Inc has awarded 32 individual grants totaling $2,628,695. 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

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,761,234
Interest on Savings $325
Dividends & Interest $492,498
Net Rental Income$0
Net Gain on Sale of Assets -$451,590
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,802,467

Grants Awarded

Over the last fiscal year, Hugin Family Foundation Inc has awarded $2,628,695 in support to 32 organizations.

Grant RecipientAmount

GEORGETOWN UNIVERSITY

PURPOSE: ANY GENERAL PURPOSE OF THE RECIPIENT ORG

$260,000

PARKER INSTITUTE FOR CANCER IMMUNOT

PURPOSE: SAME

$100,000

DARDEN SCHOOL UNIVERSITY OF VIRGINI

PURPOSE: SAME

$50,000

BAY HEAD MANTOLOKING PBA

PURPOSE: SAME

$100

SUMMIT POLICE ATHLETIC LEAGUE

PURPOSE: SAME

$250

GARDEN STATE INITIATIVE

PURPOSE: SAME

$100,000
View Grant Profile

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Peter G Peterson Foundation
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