Hussman Foundation Inc
- Assets
- $18.7m
- Revenue
- $139.6k
- Investments
- $18.7m
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 20-2062883
Organization Overview
Hussman Foundation Inc is located in Ellicott City, MD. The organization was established in 2005. 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. Hussman Foundation Inc 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 06/2022, Hussman Foundation Inc generated $139.6k 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 (25.9%) each year. All expenses for the organization totaled $847.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hussman Foundation Inc has awarded 13 individual grants totaling $2,992,108. 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
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Kluth Director | 0 | $0 | |
Theresa K Hussman Director | 0 | $0 | |
Julianne Hussman Director | 0 | $0 | |
John P Hussman Director | 1 | $0 | |
John Kenney Director | 0 | $0 | |
Brooke Steinau Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $148,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,258 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,232 |
| Depreciation | $1,251 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $28 |
| Other expenses | $1,788 |
| Total operating and administrative expenses | $4,299 |
| Contributions, gifts, grants paid | $843,464 |
| Total expenses and disbursements | $847,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,556 |
| Savings and temporary cash investments | $0 |
| 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 | $12,264 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,655,197 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,692,017 |
| Accounts payable and accrued expenses | $28 |
| 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 | $28 |
Grants Awarded
Over the last fiscal year, Hussman Foundation Inc has awarded $843,464 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: SUPPORTED HUMANITARIAN PROGRAMS BY DELIVERING FRONTLINE EMERGENCY RELIEF, PROVIDING DIRECT FOOD AID, SHELTER AND SUPPORT TO LOCAL COMMUNITIES IN THAILAND AND BURMA. | $237,250 |
HOSPICE OF THE CHESAPEAKE PURPOSE: SUPPORTS SERVICES PROVIDED TO INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING SERIOUS ILLNESS AND LOSS. | $230,000 |
Annapolis, MD PURPOSE: SUPPORTS PROGRAMS AND SERVICES THAT LIGHT HOUSE PROVIDES TO LOCALS IN THE COMMUNITY WHO ARE EXPERIENCING HOMELESSNESS OR WHO MAY BE IN NEED OF SUPPORT TO AVOID HOMELESSNESS. | $135,000 |
Rockville, MD PURPOSE: SUPPORTS LOCAL AUTISM CHAPTERS THAT PROVIDE PROGRAM AND SERVICES TO INDIVIDUALS AND FAMILIES WITH AUTISM. | $100,000 |
Plains, GA PURPOSE: SUPPORTS PROGRAMS AND SERVICES IN COMMUNITIES TO BREAK THE CYCLE OF POVERTY. | $100,000 |
Columbia, MD PURPOSE: SPONSORED THE ORGANIZATION'S ANNUAL FUNDRAISER, A CORNHOLE TOURNAMENT, WHICH RAISED FUNDS TO SUPPORT PROGRAMS AND SERVICES THAT ARE PROVIDED TO INDIVIDUALS WITH AUTISM AND THEIR FAMILIES IN THE COMMUNITY. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |