Hanson Family Foundation
- Assets
- $4.1m
- Revenue
- $162.6k
- Investments
- $3.9m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-1514350
Organization Overview
Hanson Family Foundation is located in Bethesda, MD. The organization was established in 2016. 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. Hanson 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.
Since 2017, Hanson Family Foundation has awarded 39 individual grants totaling $1,005,094. 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 |
|---|---|---|---|
John C Hanson Trustee | 0.5 | $0 | |
Charles D Hanson Trustee | 0.5 | $0 | |
J Timothy Hanson Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,025 |
| Dividends & Interest | $84,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,202 |
| Capital Gain Net Income | $77,202 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $338 |
| Total Revenue | $162,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39 |
| Total operating and administrative expenses | $71,789 |
| Contributions, gifts, grants paid | $173,500 |
| Total expenses and disbursements | $245,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,078 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,987 |
| 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 | $3,934,771 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,101,836 |
| 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, Hanson Family Foundation has awarded $173,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIIONAL CAPITAL AREA COUNCIL BOY SCOUTS OF AMERICA PURPOSE: GENERAL SUPPORT | $50,000 |
KENTLANDS COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
YMCA BETHESDA-CHEVY CHASE PURPOSE: GENERAL SUPPORT | $100,000 |
MARYLAND 4H FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
GLEN ECHO PARK PARTNERSHIP FOR ARTS & CULTURE PURPOSE: GENERAL SUPPORT | $2,500 |