Conrad N Hilton Foundation
- Assets
- $7.1b
- Revenue
- $340.0m
- Investments
- $6.8b
- Employees
- 0
- Location
- Westlake Village, CA
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 94-3100217
Organization Overview
Conrad N Hilton Foundation is located in Westlake Village, CA. The organization was established in 1990. 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. Conrad N Hilton 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, Conrad N Hilton Foundation generated $340.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $277.6m during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 6 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 2018, Conrad N Hilton Foundation has awarded 7,975 individual grants totaling $2,444,948,236. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUALLY, THE FOUNDATION AWARDS THE WORLD'S LARGEST ANNUAL HUMANITARIAN AWARD PRESENTED TO A NONPROFIT ORGANIZATION, THE CONRAD N. HILTON HUMANITARIAN PRIZE. DURING THE CALENDAR YEAR, THE $2,500,000 AWARD WAS PRESENTED TO ONE ACRE FUND AT A CEREMONY HELD ON OCTOBER 26, 2023 IN SKIRBALL CULTURAL CENTER, LOS ANGELES, CA ATTENDED BY OVER 200 INDIVIDUALS. THROUGHOUT THE CALENDAR YEAR, THE HILTON HUMANITARIAN PRIZE DEPARTMENT WORKS TO VET POTENTIAL PRIZE RECIPIENTS, PLAN AND PRODUCE AN ANNUAL PRIZE CEREMONY AND HUMANITARIAN SYMPOSIUM, AND ENGAGE WITH PRIZE LAUREATES, INCLUDING THROUGH THE HILTON HUMANITARIAN PRIZE LAUREATE VIRTUAL LEADERSHIP INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Laugharn President And CEO | 37.5 | $982,226 | |
Marc Holley Vp, Strategy And Programs (end 08/23) | 37.5 | $438,985 | |
Beth Dehamel Vp, Operations And CFO | 37.5 | $484,100 | |
Michael Buchman VP And Cio | 37.5 | $1,390,336 | |
Leslie Lockhart Vp, Talent And Culture | 37.5 | $411,996 | |
Atiqua Hashem Vp, Secretary And General Counsel | 37.5 | $548,894 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skadden Arps Slate Meagher & Flom Llp | 12/30/23 | $1,721,773 |
Praesidium Investment Mangement Company Llc | 12/30/23 | $1,147,778 |
State Street Bank And Trust | 12/30/23 | $943,214 |
337 Frontier Capital Lp | 12/30/23 | $635,490 |
Pimco | 12/30/23 | $568,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,408,061 |
| Net Rental Income | $616,989 |
| Net Gain on Sale of Assets | $288,676,157 |
| Capital Gain Net Income | $128,549,587 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,810,071 |
| Total Revenue | $339,969,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,602,474 |
| Other employee salaries and wages | $23,233,157 |
| Pension plans, employee benefits | $9,957,151 |
| Interest | $15,556 |
| Taxes | $6,378,719 |
| Depreciation | $1,982,361 |
| Occupancy | $1,474,415 |
| Travel, conferences, and meetings | $3,219,789 |
| Printing and publications | $44,517 |
| Other expenses | $9,571,222 |
| Total operating and administrative expenses | $67,276,087 |
| Contributions, gifts, grants paid | $210,298,805 |
| Total expenses and disbursements | $277,574,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,442,163 |
| 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 | $11,727,479 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,019,555,050 |
| Net Land, buildings, and equipment | $36,846,547 |
| Other assets | $142,442,944 |
| Total assets | $7,099,706,570 |
| Accounts payable and accrued expenses | $9,078,006 |
| Grants payable | $204,784,355 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $22,600,000 |
| Total liabilities | $236,462,361 |
Grants Awarded
Over the last fiscal year, Conrad N Hilton Foundation has awarded $499,003,557 in support to 1,691 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER BALANCE PURPOSE: TO SUPPORT ONGOING EFFORTS TO ADVANCE POLICIES SUPPORTIVE TO WORKERS, SUCH AS PAID SICK TIME AND PAID FAMILY AND MEDICAL LEAVE, ESPECIALLY IN LOUISIANA | $310,000 |
ABUNDANT HOUSING LA EDUCATION FUND PURPOSE: TO EXPAND ADVOCACY CAPACITY TO TRAIN LOS ANGELES COUNTY RESIDENTS IN HOUSING ISSUES THAT SUPPORT HOUSING CONSTRUCTION AND DEVELOPMENT | $585,000 |
ACUMEN FUND INC PURPOSE: TO CONDUCT MARKET RESEARCH ON EMPLOYER-SUPPORTED CHILDCARE IN UGANDA AND ETHIOPIA | $23,000 |
ABILITY BEYOND DISABILITY INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $15,000 |
ADDIS ABABA CITY GOVERNMENT PURPOSE: TO STRENGTHEN THE CAPACITY OF ADDIS ABABA TO PROVIDE QUALITY EARLY CHILDHOOD DEVELOPMENT SERVICES AND LIVELIHOOD OPPORTUNITIES FOR ITS RESIDENTS, INCLUDING REFUGEES AND INTERNALLY DISPLACED PERSONS | $600,000 |
ADMIRALS COVE FOUNDATION INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $5,000 |