The Hamond Family Foundation
- Assets
- $11.4m
- Revenue
- $316.3k
- Investments
- $8.1m
- Employees
- 0
- Location
- Ocean View, DE
- Founding
- 05/1988
- Data as of
- 12/2023
- EIN
- 58-1705602
Organization Overview
The Hamond Family Foundation is located in Ocean View, DE. The organization was established in 1988. 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. Hamond Family 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, Hamond Family Foundation generated $316.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $38.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hamond Family Foundation has awarded 21 individual grants totaling $3,379,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce S Hyams Presiden &treas | 0 | $0 | |
Stephen J Miller Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $191,955 |
| Dividends & Interest | $163,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,211 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,783 |
| Total Revenue | $316,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $130 |
| Other expenses | $8,123 |
| Total operating and administrative expenses | $23,765 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $38,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,311,353 |
| 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 | $4,448 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,408,985 |
| 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, The Hamond Family Foundation has awarded $3,108,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE OUTREACH PURPOSE: UNRESTRICTED CHARITABLE GENERAL USE | $4,000 |
FOOD WELL ALLIANCE PURPOSE: UNRESTRICTED CHARITY | $5,000 |
GLOBAL GROWERS PURPOSE: UNRESTRICTED CHARITY | $8,000 |
ATLANTA BELTLINE PARTNERSHIP PURPOSE: UNRESTRICTED CHARITY | $3,000 |
FOOD FINDER PURPOSE: UNRESTRICTED CHARITY | $1,000 |
LAURENS 1ST AND GOAL PURPOSE: UNRESTRICTED CHARITY | $1,000 |