Hillman Family Foundations
- Assets
- $1.9b
- Revenue
- $64.0m
- Investments
- $1.7b
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/1965
- Data as of
- 12/2023
- EIN
- 25-6065959
Organization Overview
Hillman Family Foundations is located in Pittsburgh, PA. The organization was established in 1965. 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. Hillman Family Foundations 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 12/2023, Hillman Family Foundations generated $64.0m 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 (11.9%) each year. All expenses for the organization totaled $101.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hillman Family Foundations has awarded 5,153 individual grants totaling $561,499,511. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juliet L Hillman Simonds Director/chairperson | 0.5 | $0 | |
David K Roger Director/president | 40 | $814,066 | |
Lisa R Johns Treasurer/vp Of Finance | 40 | $376,460 | |
Bruce I Crocker Director/secretary | 0.5 | $25,000 | |
Carolyn D Duronio Director | 0.5 | $25,000 | |
D Tyler Gourley Asst. Secretary/exec. VP | 40 | $376,460 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glynn Capital Management | 12/30/23 | $189,041 |
Zeus Construction Co Inc | 12/30/23 | $310,599 |
The Eckblad Group | 12/30/23 | $70,346 |
The Hillman Company | 12/30/23 | $8,149,084 |
Sisterson & Co Llp | 12/30/23 | $99,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,049,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,895,583 |
| Capital Gain Net Income | $53,021,324 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,150 |
| Total Revenue | $63,977,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,709,486 |
| Other employee salaries and wages | $1,322,994 |
| Pension plans, employee benefits | $239,421 |
| Interest | $183,106 |
| Taxes | $2,951,150 |
| Depreciation | $205,037 |
| Occupancy | $132,172 |
| Travel, conferences, and meetings | $124,902 |
| Printing and publications | $0 |
| Other expenses | $1,977,665 |
| Total operating and administrative expenses | $17,641,940 |
| Contributions, gifts, grants paid | $83,393,067 |
| Total expenses and disbursements | $101,035,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,581,092 |
| Savings and temporary cash investments | $91 |
| Net Accounts receivable | $47,967,212 |
| Net Pledges Receivable | $3,785,174 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,630,611,896 |
| Net Land, buildings, and equipment | $1,748,210 |
| Other assets | $1,521,331 |
| Total assets | $1,865,996,880 |
| Accounts payable and accrued expenses | $24,775 |
| Grants payable | $44,383,123 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,931,104 |
| Total liabilities | $52,339,002 |
Grants Awarded
Over the last fiscal year, Hillman Family Foundations has awarded $110,103,616 in support to 1,067 organizations.
| Grant Recipient | Amount |
|---|---|
CITY THEATRE COMPANY INC PURPOSE: MATCHING GIFT | $50 |
JUBILEE ASSOCIATION INC PURPOSE: MATCHING GIFT | $50 |
JUBILEE ASSOCIATION INC PURPOSE: MATCHING GIFT | $50 |
NATIONAL AUDUBON SOCIETY INC PURPOSE: MATCHING GIFT | $50 |
NATIONAL AUDUBON SOCIETY INC PURPOSE: MATCHING GIFT | $50 |
RACHEL CARSON TRAILS CONSERVANCY PURPOSE: MATCHING GIFT | $50 |