Hofheimer-Wright Foundation
- Assets
- $1.9m
- Revenue
- $193.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 09/1959
- Data as of
- 12/2022
- EIN
- 54-6036164
Organization Overview
Hofheimer-Wright Foundation is located in Richmond, VA. The organization was established in 1959. 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. Hofheimer-Wright 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 12/2022, Hofheimer-Wright Foundation generated $193.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $154.5k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 5 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, Hofheimer-Wright Foundation has awarded 58 individual grants totaling $612,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Wright Jr Secretary/treasurer | 0 | $0 | |
Elise H Wright President | 0 | $0 | |
Elise P Wright Director | 0 | $0 | |
Wesley Wright III Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,019 |
| Dividends & Interest | $30,779 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,036 |
| Capital Gain Net Income | $160,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $193,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,036 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86 |
| Total operating and administrative expenses | $15,759 |
| Contributions, gifts, grants paid | $138,750 |
| Total expenses and disbursements | $154,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,763 |
| 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 | $1,857,339 |
| 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, Hofheimer-Wright Foundation has awarded $138,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA JULIA COOPER EPISCOPAL SCHOOL PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $25,000 |
PRINCETON UNIVERSITY PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $31,000 |
ST CATHERINE'S SCHOOL FOUNDATION PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $5,000 |
ST STEPHEN'S EPISCOPAL CHURCH PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $15,000 |
THE VALENTINE MUSEUM PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $32,500 |
UNITED WAY PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $5,000 |