Converse M I Fbo Hahnemann Fdn-tr

PITTSBURGH, PA EIN: 04-6091978

Converse M I Fbo Hahnemann Fdn-tr is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 1 grants totaling $73K. Net investment income was $65K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

-1.9% YoY

Annual Giving

$73K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$73K

+0.0% YoY

Under IRS private-foundation payout rules, Converse M I Fbo Hahnemann Fdn-tr reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.

About Converse M I Fbo Hahnemann Fdn-tr

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $365K (100%)

States

Massachusetts

Cities

Boston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,018,171	$1,037,529	$1,062,825
Revenue	$81,954	$74,322	$37,142
Expenses	$101,408	$99,088	$104,076
Qualifying Distributions	$83,603	$83,262	$84,722
Net Investment Income	$65,483	$57,933	$19,114
Distributable Amount	$55,546	$53,362	$61,612

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hahnemann Hospital Foundation ($73,095).

Recipient	Purpose	Amount
HAHNEMANN HOSPITAL FOUNDATION BOSTON, MA	GENERAL OPERATING	$73,095

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PATRICK GRANT JR	CO-TRUSTEE	1	$2,084
MICHAEL R HETHERMAN	CO-TRUSTEE	1	$2,084
BNY MELLON N A	TRUSTEE	1	$22,014

Frequently Asked Questions

How large is Converse M I Fbo Hahnemann Fdn-tr?

As of 2024, Converse M I Fbo Hahnemann Fdn-tr holds $1.0M in total assets with $82K in annual revenue. It awarded 1 grants totaling $73K in 2024.

Where does Converse M I Fbo Hahnemann Fdn-tr operate?

Converse M I Fbo Hahnemann Fdn-tr has awarded grants in Massachusetts.

What size grants does Converse M I Fbo Hahnemann Fdn-tr award?

In 2024, Converse M I Fbo Hahnemann Fdn-tr awarded 1 grants totaling $73K — an average of about $73K per grant, based on its IRS Form 990 filings.

How much is Converse M I Fbo Hahnemann Fdn-tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Converse M I Fbo Hahnemann Fdn-tr reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Converse M I Fbo Hahnemann Fdn-tr's EIN?

Converse M I Fbo Hahnemann Fdn-tr's EIN (Employer Identification Number) is 04-6091978. IRS Form 990 filing data is available on this page for 2020–2024.