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HEDGE FUNDS CARE INC

NEW YORK, NY · EIN 431959796 · Form 990 · FY2024 · NTEE T30 · Philanthropy & Grantmaking · Medium ($1M-$10M) · hfc.org
revenue
$1.7M
expenses
$2.1M
net assets
$1.9M
employees
7
volunteers
436
program ratio
71%
mission · from form 990

HFC IS A CHARITY WHOSE PRINCIPAL MISSION IS TO SUPPORT EFFORTS TO PREVENT AND TREAT CHILD ABUSE.

profile · synthesized from sources

Help For Children (HFC), originally founded as Hedge Funds Care in 1998, is a philanthropic organization dedicated to preventing and treating child maltreatment. It partners with the alternative investment industry to fund evidence-based programs through a unique model that combines financial professionals with academic consultants from social work institutions. HFC provides grants to organizations delivering direct services, education, advocacy, and research aimed at building resilience in children and families.

named programs · 4 · from sources

What they call their work

Advocacy Grants
Funds policy development, legal advocacy, and public awareness campaigns to influence systems and prevent child abuse.
Direct Services Grants
Funds programs providing immediate support such as counseling, mentoring, home visits, and case management for children and families affected by maltreatment.
Education Grants
Supports educational initiatives for children, parents, and professionals focused on child abuse prevention and trauma-informed care.
Research Grants
Supports rigorous qualitative and quantitative research to generate data and inform best practices in child abuse prevention and treatment.
activities · 4 groups

What they do

  • Mental Health Research and Services Funding 2 activities
    • Funding prevention and treatment of child maltreatment
      Funds organizations that use evidence-based methodologies to prevent and treat child abuse and neglect, including programs that strengthen families, educate communities on early warning signs, and build resilience in children and families. The organization has supported time-limited projects such as the development of a sexual abuse prevention workbook.
    • Funding trauma-informed treatment and advocacy for child abuse survivors
      Provides grants to organizations delivering trauma-informed therapy, advocacy, and support services for children affected by abuse, domestic violence, or trafficking. Examples include funding for the Young Center for Immigrant Children’s Rights, Marin CASA, STAND! For Families Free of Violence, and Wellspring Living’s Girls Residential Program.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Funding child abuse prevention programs in Hong Kong
      Supports child abuse prevention and treatment initiatives in Hong Kong through grants to local organizations, including TALK Hong Kong Ltd. for adult training in abuse prevention, RUN Hong Kong for trauma-informed support for refugee children, and The Zubin Mahtani Gidumal Foundation Limited for resilience training.
  • Charity Event Organization 1 activity
    • Organizing fundraising events for child welfare grants
      Organizes annual charity galas, golf tournaments, and other events worldwide to raise funds for grants benefiting children and families, with more than 20 events conducted each year.
  • Uncategorized 1 activity
    • Operating international programs to support child safety and development
      Runs programs across multiple continents and communities aimed at keeping children safe and supporting their development, though specific operational details are not provided.
financials · form 990 · fy2024
revenue
Total revenue$1.66M
Contributions & grants$1.86M112%
Program service revenue$00%
Investment income$8330%
Other revenue$-206K
expenses
Total expenses$2.11M
Program expenses71%
Admin / overhead16%
Fundraising14%
Salaries & benefits$655K
Grants paid out$1.25M
Largest expense lineCompensation
balance sheet
Total assets$2.63M
Cash$1.74M
Investments$0
Liabilities$777K
Net assets$1.85M
Liquid reserves9.9 mo
3 years on record · 2020–2024 · YoY revenue -14.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
SUMUDU WAAS EXECUTIVE DIRECTOR & COO 40 $190K
LYNN FISHER SENIOR DIRECTOR OF DEV & EVENT 40 $118K
board members · 23
  • ALICE HACKETT — BOARD MEMBER
  • BARON JACOB — BOARD MEMBER
  • BASIL GODELLAS — BOARD MEMBER
  • BETH WIENER — BOARD MEMBER
  • CHRIS ZABACK — BOARD MEMBER
  • DAVID MULLE — BOARD MEMBER
  • DEAN BACKER — PRESIDENT
  • ERIC ROPER — BOARD MEMBER
  • EUGENE TETLOW — BOARD MEMBER
  • GEOFF RUDDICK — BOARD MEMBER
  • GLEN DAILEY — VICE PRESIDENT
  • INGRID PIERCE — BOARD MEMBER
  • JACK INGLIS — BOARD MEMBER
  • JAY PELLER — BOARD MEMBER
  • JENNIFER COLLINS — BOARD MEMBER
  • JOEL PRESS — BOARD MEMBER
  • JOHN BROADHURST — BOARD MEMBER
  • JOHN TAVSS — BOARD MEMBER
  • JONATHAN BARRETT — BOARD MEMBER
  • JOSEPH FISHER — BOARD MEMBER
  • JOSEPH PATELLARO — BOARD MEMBER
  • KARA FRIEDENBERG — BOARD MEMBER
  • KARL COLE-FRIEMAN — BOARD MEMBER
relationships · 39

Who they work with

  • Alternative Investment Industry Partner — Industry-wide partnership providing sponsorship and support for HFC programs and events.
  • Alternative Investment industry Partner — Collaborates with the alternative investment industry to raise funds and support child abuse prevention and treatment programs.
  • Association to Benefit Children (ABC) Partner — Receives grant funding from HFC to strengthen parent-child bonds among high-risk families in New York.
  • Blythedale Children’s Hospital Partner — Receives grant funding from HFC to educate caregivers of children with medical complexity in New York.
  • Child Abuse Prevention Council Partner — Receives grant funding from HFC to prevent child abuse and strengthen families in San Francisco.
  • Children’s Bureau of Southern California Partner — Receives grant funding from HEDGE FUNDS CARE INC for its Family Enrichment Program.
  • Children’s Hospital Colorado Foundation Partner — Receives grant funding from HFC Denver for the Safe Beginnings for Families program.
  • Columbia University School of Social Work Partner — Consulted with leadership at Columbia University School of Social Work to create the HFC grant-making model.
  • Constant Contact Partner — Email communication services provider
  • Denver Children’s Advocacy Center Partner — Receives grant funding from HFC Denver for the Denver Safe from the Start program.
  • East Bay Children’s Law Offices Partner — Receives grant funding from HFC to support foster youth and disrupt the cradle-to-prison pipeline in San Francisco.
  • Family Paths Partner — Receives grant funding from HFC to reduce child abuse and strengthen protective factors in families in San Francisco.
  • Georgia Center for Child Advocacy Partner — Funded by HFC Atlanta to support child sexual abuse prevention and trauma reduction in Georgia
  • HFC Academic Consultants Partner — Global network of social welfare experts who lead HFC Grants Committees in evaluating and selecting grant recipients.
  • HFC Academic Consultants Partner — Global network of social welfare experts who lead HFC Grants Committees.
  • Homeless Children’s Network Partner — Funded to deliver Afri-centric peer healing convenings for Black/African American children, youth, and families in San Francisco.
  • Homeless Children’s Network Partner — Receives grant funding from HFC to deliver Afri-centric healing programs for Black/African American children and families in San Francisco.
  • Marin Court Appointed Special Advocates (CASA) Partner — Funded to expand advocacy services for youth involved in Marin County’s Juvenile Justice Court.
  • Marin Court Appointed Special Advocates (CASA) Partner — Receives grant funding from HFC to provide trauma-informed advocacy for justice-involved youth in Marin County.
  • Prevent Child Abuse Gordon County, Inc. Partner — Funded by HFC Atlanta to deliver parenting education as an alternative to abusive and neglectful child-rearing
  • RUN Hong Kong Partner — Funded to provide safe spaces and trauma-informed support for refugee children in Hong Kong.
  • STAND! For Families Free of Violence Partner — Funded to provide trauma-informed therapy services for children affected by domestic violence in Contra Costa County.
  • STAND! For Families Free of Violence Partner — Receives grant funding from HFC to support psychological healing for children affected by domestic violence in Contra Costa County.
  • TALK Hong Kong Ltd. Partner — Funded to deliver child sexual abuse prevention training and conduct a community needs assessment in Hong Kong.
  • Teen Parent Connection Partner — Funded to provide parenting education and support services to young fathers.
  • The Alliance for Children’s Rights Partner — Receives grant funding from HEDGE FUNDS CARE INC for its Transition Age Foster Youth Program.
  • The Crawford Child Advocacy Center Partner — Receives grant funding from HFC Denver for child abuse prevention.
  • The Plaza Hotel Partner — Venue host for the HFC New York Annual Charity Gala.
  • The Zubin Mahtani Gidumal Foundation Limited Partner — Funded to deliver a resilience training series for children and families in Hong Kong.
  • Turning Point, Inc. Partner — Funded to provide safety planning and emotional support for young fathers affected by domestic violence.
+ 9 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Evidence-Based Grantmaking to Prevent and Treat Child Maltreatment
    methodology: evidence_based_grantmaking
    By funding organizations that implement evidence-based methodologies, we produce more effective prevention and treatment of child maltreatment because these programs are proven to work and can be scaled with confidence in their impact.
  • Leveraging Industry Partnerships for Funding and Program Identification
    methodology: industry-partnership_model
    By partnering with the alternative investment industry, we produce greater philanthropic impact through access to capital, sector-specific networks, and shared expertise to identify and scale effective child protection programs.
  • Locally Informed Grantmaking to Address Regional Needs
    methodology: locally_informed_academic_vetting
    By relying on local academic consultants with community ties and social work expertise, we ensure grants are relevant and effective because local knowledge improves targeting and cultural alignment of interventions.
  • Multidisciplinary Grant Review Combining Academic and Finance Expertise
    methodology: multidisciplinary_grant_review
    By combining social welfare expertise from academic consultants with analytical rigor from finance-sector professionals in grant review, we produce more effective funding decisions because diverse perspectives improve program selection and accountability.
  • Strengthening Community Protective Factors to Prevent Child Maltreatment
    methodology: protective-factors-model
    By building protective factors such as parental resilience, social connections, and access to concrete support, we reduce child maltreatment because these buffers help families withstand stress and prevent abuse.