Hackett Family Fund
- Assets
- $0.0
- Revenue
- $2.1m
- Investments
- $20.8m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-4320050
Organization Overview
Hackett Family Fund is located in Albany, NY. The organization was established in 2014. 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. Hackett Family Fund 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 12/2021, Hackett Family Fund generated $2.1m 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 (20.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hackett Family Fund has awarded 14 individual grants totaling $5,159,956. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick T Hackett President/treasurer | 1 | $0 | |
Janienne P Hackett Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,521 |
| Interest on Savings | $63 |
| Dividends & Interest | $391,171 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,268,394 |
| Total Revenue | $2,116,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $201,736 |
| Contributions, gifts, grants paid | $1,210,133 |
| Total expenses and disbursements | $1,411,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,271 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,827,694 |
| Other assets | $248 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hackett Family Fund has awarded $251,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE PURPOSE: GENERAL PURPOSE | $250,000 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL PURPOSE | $1,000 |