Hegardt Foundation
- Assets
- $0.0
- Revenue
- $2.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2009
- Data as of
- 07/2024
- EIN
- 20-5814715
Organization Overview
Hegardt Foundation is located in Minneapolis, MN. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Hegardt 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 07/2024, Hegardt Foundation generated $2.0 in total revenue. All expenses for the organization totaled $24.0k during the year ending 07/2024.
Since 2020, Hegardt Foundation has awarded 50 individual grants totaling $6,037,990. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine A Harris President | 1 | $0 | |
John Henry Neill Secretary | 1 | $0 | |
W Gordon Harris Treasurer | 1 | $0 | |
Katherine A Harris President | 1 | $0 | |
John Henry Neill Secretary | 1 | $0 | |
W Gordon Harris Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $133,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,025,233 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $1,524 |
| Contributions, gifts, grants paid | $22,490 |
| Total expenses and disbursements | $24,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,936 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Hegardt Foundation has awarded $4,913,990 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ARMORY ARTS & MUSIC CENTER PURPOSE: GENERAL OPERATING | $100,000 |
BRAI PURPOSE: GENERAL OPERATING | $12,500 |
DULUTH SUPERIOR AREA COMMUNITY FOUNDATION PURPOSE: HEGARDT FUND (DONOR ADVISED FUND) | $1,010,000 |
LIBERTY HILL FOUNDATION PURPOSE: FE FI FO FUND (DONOR ADVISED FUND) | $1,220,000 |
INTERNATIONAL SHAKESPEARE CENTER PURPOSE: GENERAL OPERATING | $10,000 |
PLANNED PARENTHOOD NCS PURPOSE: GENERAL OPERATING | $10,000 |