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HESS PHILANTHROPIC FUND

NEW YORK, NY · EIN 813520745 · Form 990PF · FY2023 · NTEE T90 · Philanthropy & Grantmaking · Large ($10M-$50M)
revenue
$32.9M
expenses
$6.9M
net assets
$238.7M
employees
profile · synthesized from sources

Hess Philanthropic Fund is a private foundation based in New York that supports charitable organizations through grantmaking. The fund distributes grants to institutions in the fields of health, education, the arts, and religion. Its primary activity is providing financial support to established nonprofits, with a focus on major cultural and educational institutions in New York and beyond.

named programs · 1 · from sources

What they call their work

Charitable Grantmaking Program
Provides financial support to nonprofit institutions in education, health, the arts, and religion, with significant grants awarded annually to organizations such as Rockefeller University, Memorial Sloan Kettering, and the Museum of Modern Art.
activities · 6 groups

What they do

  • Art Museum Funding and Support 1 activity
    • Funding charitable activities at cultural and arts organizations
      Funds charitable activities at prominent cultural institutions such as the Metropolitan Opera, Museum of Modern Art, American Museum of Natural History, Lincoln Center Theater, and Asia Society, supporting arts, exhibitions, and public programming.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding charitable activities at educational institutions
      Funds charitable activities at higher education institutions such as Rockefeller University and Harvard College, supporting their educational and research missions.
  • Hospital and Medical Center Support 1 activity
    • Funding charitable activities at healthcare organizations
      Funds charitable activities at major healthcare institutions including Memorial Sloan Kettering and New York Presbyterian Hospital, supporting medical care and research initiatives.
  • Donor-Advised Fund Grantmaking 1 activity
    • Funding charitable activities at policy and international affairs organizations
      Funds charitable activities at think tanks and policy organizations such as the Council on Foreign Relations, supporting research and public discourse on global issues.
  • Private K–12 School Support 1 activity
    • Funding charitable activities at private K-12 schools
      Funds charitable activities at private educational institutions such as Trinity School, supporting its academic and operational programs.
  • Jewish Religious Institution Support 1 activity
    • Funding charitable activities at religious organizations
      Funds charitable activities at religious institutions such as Congregation Emanu-El, supporting community and spiritual programs.
financials · form 990PF · fy2023
revenue
Total revenue$32.86M
Contributions & grants$14.51M44%
Program service revenue
Investment income$4.69M14%
Other revenue$12.07M
expenses
Total expenses$6.87M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$21.33M
balance sheet
Total assets$239.24M
Cash
Investments
Liabilities
Net assets$238.73M
4 years on record · 2020–2023 · YoY revenue +36.4%
leadership · form 990 part vii · fy2023

Who runs it

board members · 3
  • MARGARET HESS CHI — DIRECTOR
  • MARLENE HESS — DIRECTOR
  • PETER HESS FRIEDLAND — DIRECTOR
relationships · 12

Who they work with

  • AMERICAN MUSEUM OF NATURAL HISTORY Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • ASIA SOCIETY Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • CONGREGATION EMANU-EL Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • COUNCIL OF FOREIGN RELATIONS Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • HARVARD COLLEGE Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • LINCOLN CENTER THEATER Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • MEMORIAL SLOAN KETTERING Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • METROPOLITAN OPERA Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • MUSEUM OF MODERN ART Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • NEW YORK PRESBYTERIAN HOSPITAL Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • ROCKEFELLER UNIVERSITY Partner — Receives charitable grants from HESS PHILANTHROPIC FUND
  • TRINITY SCHOOL Partner — Receives charitable grants from HESS PHILANTHROPIC FUND