Hg Foundation
- Assets
- $107.9k
- Revenue
- $81.0k
- Investments
- $81.0k
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 02/2007
- Data as of
- 12/2021
- 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 12/2021, Hg Foundation generated $81.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $254.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hg Foundation has awarded 19 individual grants totaling $362,500. 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
LITTLE MUSIC BOX, A PROJECT BY ARGENTINE ARTIST SAMANTHA RCHED ABUGAUCH, WHO CARRIED OUT A PICTORAL PROJECT WITH WRITER AND CURATOR, RUTH ESTEVEZ, AND PRODUCED A SERIES OF SEVEN PICTORAL BOXES CONTAINING MINIATURE PAINTINGS OF FARM ANIMALS. PROJECT INCLUDED CURATOR, EDITOR AND TRANSLATORS.
COLLABORATION WITH INSITE, AN ORGANIZATION WHICH WORKS WITH ARTISTS, COORDINATING PROJECTS IN DIFFERENT PARTS OF THE WORLD. HG FOUNDATION HELPED COORDINATE AND HOST A RECEPTION FOR THE NEW INSITE DIRECTORS, MICHAEL KRICHMAN AND CARMEN CUENCA AND PARTICIPATED IN BOARD MEETINGS TO DISCUSS FUTURE PROJECTS IN PERU, SOUTH AFRICA AND SOUTHERN CALFORNIA.
HAMMER MUSEUM EVENTS, INCLUDING A RECEPTION FOR CHINESE COLLECTION CURATOR ARAM MOSHAYEDI AND MEETING HAMMER MUSEUM DIRECTOR ANNE PHILBIN AND HEAD CURATOR CONNIE BUTLER.
"EVEN WHEN FALL IS HERE" IS A MULTIMEDIA PROJECT BY MEXICAN ARTIST ERICK MEYENBERG, WHO WITH LANDSCAPE ARTIST CHRIS SHEA CREATED A MULTI-MEDIA PROJECT THAT CONSISTED OF A DRAWING AND PAINTING INSTALLATION, AND A MULTI-CHANNEL AUDIO/ VIDEO INSTALLATION IN THE GARDEN.
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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 | |
Rita Haudenschild Board Member | 1 | $0 | |
Anna Haudenschild-Meier Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,950 |
| Interest on Savings | $56 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $81,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,893 |
| Total operating and administrative expenses | $74,548 |
| Contributions, gifts, grants paid | $180,300 |
| Total expenses and disbursements | $254,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,968 |
| 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 | $0 |
| Total assets | $107,918 |
| 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, Hg Foundation has awarded $180,300 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
National City, CA PURPOSE: GENERAL PROGRAM SUPPORT | $65,000 |
HAMMER MUSEUM PURPOSE: GENERAL PROGRAM SUPPORT | $50,000 |
La Jolla, CA PURPOSE: GENERAL PROGRAM SUPPORT | $16,500 |
San Diego, CA PURPOSE: GENERAL PROGRAM SUPPORT | $15,000 |
HELP ARGENTINA MUSEO DE ARTE MODERNO PURPOSE: GENERAL PROGRAM SUPPORT | $15,000 |
LAS PATRONAS PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanity United San Francisco, CA | $82,516,947 | $35,858,577 |
Public Policy Institute Of California San Francisco, CA | $340,951,909 | $34,836,055 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |