Hundt Family Foundation Inc
- Assets
- $3.5m
- Revenue
- $532.6k
- Investments
- $2.9m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 52-2236016
Organization Overview
Hundt Family Foundation Inc is located in Chevy Chase, MD. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hundt 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, Hundt Family Foundation Inc generated $532.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $322.4k during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 7 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 2014, Hundt Family Foundation Inc has awarded 189 individual grants totaling $1,451,983. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed E Hundt President | 0.5 | $0 | |
Adam Hundt Director | 0.5 | $0 | |
Elizabeth Katz-Hundt V/p & Secretary | 1 | $0 | |
William G Young Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $138,234 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $334,838 |
| Capital Gain Net Income | $334,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$872 |
| Total Revenue | $532,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $33 |
| Taxes | $12,353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52 |
| Total operating and administrative expenses | $48,594 |
| Contributions, gifts, grants paid | $273,770 |
| Total expenses and disbursements | $322,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $592,984 |
| 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 | $3,984 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,512,928 |
| 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, Hundt Family Foundation Inc has awarded $273,770 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY SCHOOL OF MEDICINE PURPOSE: YALE CENTER FOR DYSLEXIA AND CREATIVITY | $100,000 |
ST ALBANS PURPOSE: VIOLA PULLAN HUNDT SCHOLARSHIP ENDOWMENT FUND | $25,000 |
NATIONAL CATHEDRAL SCHOOL PURPOSE: UNRESTRICTED | $25,000 |
Washington, DC PURPOSE: UNRESTRICTED | $20,000 |
Washington, DC PURPOSE: UNRESTRICTED | $10,000 |
Poughkeepsie, NY PURPOSE: CLASS OF 1969 MEMORIAL SCHOLARSHIP FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |