Hayne Hipp Foundation
- Assets
- $3.5m
- Revenue
- $536.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 05/1988
- Data as of
- 12/2020
- EIN
- 57-0861526
Organization Overview
Hayne Hipp Foundation is located in Greenville, SC. The organization was established in 1988. 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. Hayne Hipp 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 12/2020, Hayne Hipp Foundation generated $536.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $375.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hayne Hipp Foundation has awarded 70 individual grants totaling $338,994. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary H Hipp Vice President/trustee | 22 | $60,000 | |
F Reid Hipp Treasurer/trusteee | 8 | $30,075 | |
Anna H Small Secretary/trustee | 8 | $30,075 | |
Anna Kate Hipp President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $423,155 |
| Capital Gain Net Income | $423,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,231 |
| Total Revenue | $536,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,784 |
| Other employee salaries and wages | $48,954 |
| Pension plans, employee benefits | $17,905 |
| Interest | $0 |
| Taxes | $9,427 |
| Depreciation | $969 |
| Occupancy | $65,107 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,033 |
| Total operating and administrative expenses | $306,836 |
| Contributions, gifts, grants paid | $68,418 |
| Total expenses and disbursements | $375,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $214,076 |
| Net Accounts receivable | $2,714 |
| 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 | $259,203 |
| Net Land, buildings, and equipment | $5,035 |
| Other assets | $6,130 |
| Total assets | $3,510,608 |
| 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 | $87 |
| Total liabilities | $87 |
Grants Awarded
Over the last fiscal year, Hayne Hipp Foundation has awarded $270,576 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
FEED AND SEED PURPOSE: GENERAL FUND | $150,550 |
Lexington, VA PURPOSE: GENERAL FUND | $31,000 |
FOURTH PRESBYTERIAN CHURCH PURPOSE: GENERAL FUND | $16,000 |
ASPEN INSTITUTE PURPOSE: GENERAL FUND | $10,000 |
Greenville, SC PURPOSE: GENERAL FUND | $10,000 |
SOUTH CAROLINA ENVIRONMENTAL LAW PROJECT PURPOSE: GENERAL FUND | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |