Hutchins Family Foundation Inc
- Assets
- $17.9m
- Revenue
- $18.7m
- Investments
- $16.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 37-1501785
Organization Overview
Hutchins Family Foundation Inc is located in New York, NY. The organization was established in 2005. 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. Hutchins Family 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 12/2022, Hutchins Family Foundation Inc generated $18.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hutchins Family Foundation Inc has awarded 270 individual grants totaling $166,114,063. 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
HUTCHINS FAMILY FOUNDATION PAID $1,182 FOR 5 COMMEMORATIVE LUCITE PLAQUES TO DISTRIBUTE AS ACKNOWLEDGEMENT OF PARTICIPATION IN SPONSORING AN EVENT TO FEED PEOPLE STRUGGLING DURING COVID. HUTCHINS FAMILY FOUNDATION PARTNERED WITH CARE & LYFT TO SPONSOR THE MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn H Hutchins Chairman/treasurer | 1 | $0 | |
Deborah D Hutchins President/secretary | 1 | $0 | |
Sarah Overbay Executive Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,215,929 |
| Interest on Savings | $13,960 |
| Dividends & Interest | $55,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,387,558 |
| Capital Gain Net Income | $4,387,558 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,336 |
| Total Revenue | $18,681,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,911 |
| Depreciation | $2,667 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72,086 |
| Total operating and administrative expenses | $177,655 |
| Contributions, gifts, grants paid | $8,211,511 |
| Total expenses and disbursements | $8,389,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,394,360 |
| 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 | $22,328 |
| Total assets | $17,862,299 |
| 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, Hutchins Family Foundation Inc has awarded $10,113,511 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
7UICE FOUNDATION - 2 VIP TICKETS PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $1,400 |
BOY SCOUTS OF AMERICA PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $5,000 |
BRETTON WOODS COMMITTEE PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $25,000 |
BROOKINGS INSTITUTION PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $2,500,000 |
CARE - UKRAINE CRISIS PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $100,000 |
CARE INC PURPOSE: TO SUPPORT THE CHARITY'S MISSION. | $250,000 |