Hp Foundation
- Assets
- $74.0m
- Revenue
- -$5.2m
- Investments
- $72.2m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 12/1979
- Data as of
- 10/2023
- EIN
- 94-2618409
Organization Overview
Hp Foundation is located in Palo Alto, CA. The organization was established in 1979. 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. Hp Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Hp Foundation has awarded 136 individual grants totaling $77,915,579. 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 |
|---|---|---|---|
Matthew Buckley Executive Director | 0.2 | $0 | |
Stephanie Bormann Deputy Director | 20 | $0 | |
Phyllis Turner-Brim Secretary | 0.2 | $0 | |
Barbara Barton-Weiszhaar Treasurer | 0.2 | $0 | |
Kristen Ludgate Board Member/audit Chair | 0.2 | $0 | |
Alex Cho Board Member | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dyd Creative Solution | 10/30/23 | $589,913 |
Mbo Partners | 10/30/23 | $247,568 |
Ps Computer | 10/30/23 | $103,201 |
Dave Persohn Consulting | 10/30/23 | $100,405 |
Owl Bridge Media Llc | 10/30/23 | $67,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,064,095 |
| Dividends & Interest | $1,272,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,568,500 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$5,232,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $849,344 |
| Total operating and administrative expenses | $1,635,310 |
| Contributions, gifts, grants paid | $13,201,623 |
| Total expenses and disbursements | $14,836,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,762,725 |
| 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 | $12,954 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $72,197,007 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $73,972,686 |
| Accounts payable and accrued expenses | $245,109 |
| Grants payable | $259,877 |
| 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 | $504,986 |
Grants Awarded
Over the last fiscal year, Hp Foundation has awarded $13,122,789 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: CHARITABLE | $5,659,540 |
AMERICAN RED CROSS PURPOSE: CHARITABLE | $350,000 |
ASPEN INSTITUTE PURPOSE: CHARITABLE | $1,947,696 |
CHARITIES AID FOUNDATION OF AMERICA PURPOSE: CHARITABLE | $1,581,093 |
DIRECT RELIEF PURPOSE: CHARITABLE | $100,000 |
GIRL RISING PURPOSE: CHARITABLE | $1,000,000 |