The Hitt Family Foundation Inc

Organization Overview

The Hitt Family Foundation Inc is located in Falls Church, VA. The organization was established in 2001. 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. Hitt 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, Hitt Family Foundation Inc generated $15.2m 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 $14.2m during the year ending 12/2021. While expenses have increased by 23.0% 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 2015, Hitt Family Foundation Inc has awarded 62 individual grants totaling $29,434,170. 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.

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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $14,662,134
Interest on Savings $0
Dividends & Interest $41,739
Net Rental Income$0
Net Gain on Sale of Assets $469,020
Capital Gain Net Income $443,315
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $15,172,893

Grants Awarded

Over the last fiscal year, The Hitt Family Foundation Inc has awarded $14,047,670 in support to 11 organizations.

Grant RecipientAmount

VIRGINIA TECH FOUNDATION

Org PageRecipient Profile

Blacksburg, VA

PURPOSE: GENERAL USE

$6,821,102

INOVA HEALTH SYSTEM FOUNDATION

Org PageRecipient Profile

Fairfax, VA

PURPOSE: GENERAL USE

$3,212,114

CARON FOUNDATION

PURPOSE: GENERAL USE

$1,005,499

GERMANNA FOUNDATION

PURPOSE: GENERAL USE

$900,000

ST MARY'S EPISCOPAL CHURCH

PURPOSE: GENERAL USE

$714,003

CENTRAL UNITED METHODIST CHURCH

PURPOSE: GENERAL USE

$350,000
View Grant Profile

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