H7 Foundation

Organization Overview

H7 Foundation is located in Charlottesville, VA. 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. H7 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, H7 Foundation generated $2.9m 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 (16.6%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. IT'S PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER 501(C)(3) EXEMPT ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert D Hardie
Director
$0
Molly G Hardie
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $37
Dividends & Interest $73,173
Net Rental Income$0
Net Gain on Sale of Assets $788,037
Capital Gain Net Income $788,037
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $2,087,095
Total Revenue $2,948,342

Grants Awarded

Over the last fiscal year, H7 Foundation has awarded $8,442,424 in support to 2 organizations.

Grant RecipientAmount

THE COMMONWEALTH FOUNDATIONS

Org PageRecipient Profile

Richmond, VA

PURPOSE: GENERAL CHARITABLE PURPOSES

$6,232,674

SEE ATTACHED LIST

PURPOSE: GENERAL CHARITABLE PURPOSES

$2,209,750
View Grant Profile

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