Hoefer Family Foundation
- Assets
- $4.7m
- Revenue
- $685.8k
- Investments
- $3.6m
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 05/1958
- Data as of
- 12/2021
- EIN
- 36-6065404
Organization Overview
Hoefer Family Foundation is located in Burlingame, CA. The organization was established in 1958. 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. Hoefer Family Foundation 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, Hoefer Family Foundation generated $685.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $310.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hoefer Family Foundation has awarded 173 individual grants totaling $1,191,950. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS BEGUN TO ACQUIRE A COLLECTION OF ARTWORK OF PAINTERS USING THE PLEIN AIR APPROACH TO PAINTING WHO PAINTED CALIFORNIA SCENES FROM APPROXIMATELY THE POST GOLD RUSH ERA TO 1940. WHEN A SUFFICIENT NUMBER OF PAINTINGS HAVE BEEN ACQUIRED, THE FOUNDATION WILL SEEK TO EXHIBIT THEM AS A STAND ALONE COLLECTION IN PUBLIC ART MUSEUMS AND LIBRARIES IN ORDER TO HELP EDUCATE THE GENERAL PUBLIC ABOUT THIS FORM OF WELL KNOWN AND APPRECIATED PAINTING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Hoefer Jr Director | 1 | $0 | |
Craig Hoefer Director | 1 | $0 | |
Kurt Hoefer Treasurer & Director | 1 | $0 | |
Gladys Hoefer Director | 1 | $0 | |
Melanie Hoefer Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $98,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $587,169 |
| Capital Gain Net Income | $587,169 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $685,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,483 |
| Total operating and administrative expenses | $12,921 |
| Contributions, gifts, grants paid | $297,800 |
| Total expenses and disbursements | $310,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,239 |
| Savings and temporary cash investments | $1,029,364 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $240,418 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,681,826 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $23,000 |
| Total liabilities | $23,000 |
Grants Awarded
Over the last fiscal year, Hoefer Family Foundation has awarded $297,800 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
SANTA CLARA UNIVERSITY PURPOSE: GENERAL OPERATIONS | $50,000 |
Burlingame, CA PURPOSE: GENERAL OPERATIONS | $50,000 |
Berkeley, CA PURPOSE: GENERAL OPERATIONS | $20,000 |
Sacramento, CA PURPOSE: GENERAL OPERATIONS | $15,000 |
San Francisco, CA PURPOSE: GENERAL OPERATIONS | $10,000 |
Sacramento, CA PURPOSE: GENERAL OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |