Hutchins Family Foundation Inc
- Assets
- $40.6m
- Revenue
- $25.6m
- Investments
- $40.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 37-1501785
Organization Overview
Hutchins Family Foundation Inc is located in New York, NY. The organization was established in 2005. 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. Hutchins 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, Hutchins Family Foundation Inc generated $25.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $11.9m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 6 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 2017, Hutchins Family Foundation Inc has awarded 241 individual grants totaling $156,000,552. 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
HUTCHINS FAMILY FOUNDATION PAID $1,182 FOR 5 COMMEMORATIVE LUCITE PLAQUES TO DISTRIBUTE AS ACKNOWLEDGEMENT OF PARTICIPATION IN SPONSORING AN EVENT TO FEED PEOPLE STRUGGLING DURING COVID. HUTCHINS FAMILY FOUNDATION PARTNERED WITH CARE & LYFT TO SPONSOR THE MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn H Hutchins Chairman/treasurer | 1 | $0 | |
Deborah D Hutchins President/secretary | 1 | $0 | |
Sarah Overbay Executive Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,662,267 |
| Interest on Savings | $212 |
| Dividends & Interest | $21,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,882,192 |
| Capital Gain Net Income | $23,882,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,565,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $316,088 |
| Depreciation | $1,674 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,915 |
| Total operating and administrative expenses | $464,112 |
| Contributions, gifts, grants paid | $11,390,445 |
| Total expenses and disbursements | $11,854,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $483,613 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24,995 |
| Total assets | $40,643,651 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hutchins Family Foundation Inc has awarded $18,757,445 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO SUPPORT THE DEVELOPMENT OF NEXT GENERATION ACTIVE CITIZENS AND LEADERS. | $4,000,000 |
Chicago, IL PURPOSE: PUBLIC CHARITY | $4,000,000 |
LAWRENCEVILLE SCHOOL PURPOSE: TO SEEK TO INSPIRE AND EDUCATE YOUNG PEOPLE OF SPECIAL PROMISE FOR RESPONSIBLE LEADERSHIP, PERSONAL FULFILLMENT, AND ENTHUSIASTIC PARTICPATION IN AN INCREASINGLY COMPLEX WORLD WITH HIGH STANDARDS OF CHARACTER AND SCHOLARSHIP, WE TEACH YOUNG PEOPLE THE VALUE OF HONEST WORK, RESPECT FOR DIFFERENCE, AND RESPONSIBILITY FOR THE WELL-BEING OF THEIR COMMUNITY. | $2,652,000 |
Washington, DC PURPOSE: TO IMPROVING THE PERFORMANCE OF AMERICAN INSTITUTIONS AND THE QUALITY OF THE POLICIES THEY MAKE. | $2,500,000 |
HARVARD COLLEGE PURPOSE: UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS. | $2,010,000 |
LAWRENCEVILLE SCHOOL PURPOSE: TO INSPIRE AND EDUCATE YOUNG PEOPLE OF SPECIAL PROMISE, FROM DIVERSE BACKGROUNDS, FOR RESPONSIBLE LEADERSHIP, PERSONAL FULFILLMENT, AND ENTHUSIASTIC PARTICIPATION IN AN INCREASINGLY COMPLEX WORLD. WITH HIGH STANDARDS OF CHARACTER AND SCHOLARSHIP, WE TEACH YOUNG PEOPLE THE VALUE OF HONEST WORK, RESPECT FOR DIFFERENCES, AND RESPONSIBILITY FOR THE WELL-BEING OF THEIR COMMUNITY. | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |