Hg Foundation
- Assets
- $112.7k
- Revenue
- $8.5k
- Investments
- $81.0k
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 42-1711544
Organization Overview
Hg Foundation is located in La Jolla, CA. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Hg 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 12/2023, Hg Foundation generated $8.5k 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 (51.0%) each year. All expenses for the organization totaled $302.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hg Foundation has awarded 34 individual grants totaling $760,387. 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
THE HG FOUNDATION SUPPORTED THE OPENING RECEPTION FOR CRUEL YOUTH DIARY, CHINESE PHOTOGRAPHY AND VIDEO FROM THE HAUDENSCHILD COLLECTION. THE OPENING INCLUDED A DINNER AT THE HAMMER MUSEUM WITH CHIEF CURATOR, CONNIE BUTLER AND TEAM, MUSEUM DIRECTOR ANN PHILBIN AND STAFF, CHINESE CURATOR FROM MOCA, CHINESE ARTISTS, MUSEUM DIRECTORS, AND ARTISTS.
IN THE SUMMER OF 2023, HG FOUNDATION INVITED ARTIST REINGART SELVIK TO CREATE A SITE-SPECIFIC ARTWORK. HIS INITIAL PROPOSAL FOCUSED ON THE PERCEPTION OF TIME AND THE DEPTH OF OUR EXPERIENCES THAT IMPACT THE WAY WE PERCEIVE THE PHYSICAL WORLD. ARTIST FEE OF $8,500 PLUS MATERIALS FOR $1,570 WERE SUPPLIED.
HG FOUNDATION SUPPORTED THE OPENING OF ARTIST, REINHART SELVIK, INSTALLATION WITHOUT ACTION FRACTURED FACES, WITH A DINNER THAT INCLUDED ARTIST KIM MACCONNEL, JEAN LOWE, CATHE BURNHAM, MARY BEEBE AND THE DIRECTOR OF THE ATHENAEUM AND STAFF.
HG FOUNDATION SUPPORTED THE ANNUAL INSITE INSIDERS GROUP WITH A RECEPTION THAT INCLUDED STRATEGIC FOUNDERS, PARTNERS AND BENEFACTORS AS WELL AS THE INSITERS 2023 GROUP. DIRECTORS MICHEAL KRICHMAN, CARMEN CUENCA, CURATORS ANDREA TORREBLANCA, CARLOS PALACIOS, JULIE DUNN, AND ERIKA TORRI AND INSITE BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eloisa Haudenschild President & CEO | 20 | $0 | |
Chris Haudenschild Cfo, Treasurer/secretary | 1 | $0 | |
Anna Haudenschild-Meier Board Member | 1 | $0 | |
Rita Haudenschild Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $5,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,121 |
| Total Revenue | $8,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $20,907 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,024 |
| Total operating and administrative expenses | $129,263 |
| Contributions, gifts, grants paid | $173,212 |
| Total expenses and disbursements | $302,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,581 |
| Savings and temporary cash investments | $0 |
| 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 | $3,121 |
| Total assets | $112,652 |
| 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 | $464,753 |
| Total liabilities | $464,753 |
Grants Awarded
Over the last fiscal year, Hg Foundation has awarded $173,212 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LAS PATRONAS PURPOSE: GENERAL SUPPORT | $5,500 |
MUSEO MODERNO BUENOS AIRES PURPOSE: GENERAL SUPPORT | $15,000 |
MUSEUM OF LATIN AMERICAN ART PURPOSE: GENERAL SUPPORT | $12,000 |
INTERNATIONAL COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $124,300 |
MUSEUM OF CONTEMPORARY ART SAN DIEGO PURPOSE: GENERAL SUPPORT | $7,800 |
SHARP HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT | $3,000 |