Edward L & Ruth S Hennessy Foundation
Edward L & Ruth S Hennessy Foundation is a private foundation, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 12 grants totaling $154K. Net investment income was $97K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-3.3% YoY
Annual Giving
$154K
-19.8% YoY
Grant Count
12
-25.0% YoY
Avg Grant Size
$13K
+6.9% YoY
Under IRS private-foundation payout rules, Edward L & Ruth S Hennessy Foundation reported a distributable amount of $102K for 2024 — the minimum it must pay out in qualifying distributions.
About Edward L & Ruth S Hennessy Foundation
Based on IRS filings
Edward L & Ruth S Hennessy Foundation is a private foundation, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 12 grants totaling $154K. Net investment income was $97K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,795,100 | $1,856,715 | $1,991,782 |
| Revenue | $103,014 | $72,230 | $4,565 |
| Expenses | $166,323 | $206,122 | $205,284 |
| Qualifying Distributions | $153,834 | $191,833 | $165,833 |
| Net Investment Income | $96,898 | $65,332 | $39,182 |
| Distributable Amount | $102,303 | $99,402 | $101,762 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Oasis - a Haven for Women and Children ($43,333), Adopt a Family of the Palm Beaches Inc ($30,000), Fairleigh Dickinson University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADOPT A FAMILY OF THE PALM BEACHES INC LAKE WORTH, FL | GENERAL SUPPORT | $30,000 |
| ALZHEIMER'S FOUNDATION OF AMERICA NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| DOUGLASS COLLEGE NEW BRUNSWICK, NJ | GENERAL SUPPORT | $1 |
| FAIRLEIGH DICKINSON UNIVERSITY MADISON, NJ | GENERAL SUPPORT | $25,000 |
| KRAVIS CENTER FOR THE PERFORMING ARTS WEST PALM BEACH, FL | GENERAL SUPPORT | $2,500 |
| MORRISTOWN MEMORIAL HOSPITAL MORRISTOWN, NJ | GENERAL SUPPORT | $5,000 |
| NEW VERNON FIRST AID SQUAD NEW VERNON, NJ | GENERAL SUPPORT | $1,000 |
| OASIS - A HAVEN FOR WOMEN AND CHILDREN PATERSON, NJ | GENERAL SUPPORT | $43,333 |
| PRESCHOOL ADVANTAGE MORRISTOWN, NJ | GENERAL SUPPORT | $5,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN | GENERAL SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD L HENNESSY JR | FOUNDER | 1 | — |
| ELIZABETH R HENNESSY | TRUSTEE, EXECUTIVE DIRECTOR | 1 | $5,000 |
| JAMES T ELLIOTT | TRUSTEE, TREASURER | 1 | — |
| JOHN C ONDERDONK | TRUSTEE | 1 | — |
| MICHELLE H DAIGLE | TRUSTEE | 1 | — |
| JEFFERY N SANDLER | TRUSTEE | 1 | — |
| DANIEL MIELNICKI | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is Edward L & Ruth S Hennessy Foundation?
As of 2024, Edward L & Ruth S Hennessy Foundation holds $1.8M in total assets with $103K in annual revenue. It awarded 12 grants totaling $154K in 2024.
Where does Edward L & Ruth S Hennessy Foundation operate?
Edward L & Ruth S Hennessy Foundation has awarded grants in Florida, New Jersey, New York, South Dakota, Tennessee.
What size grants does Edward L & Ruth S Hennessy Foundation award?
In 2024, Edward L & Ruth S Hennessy Foundation awarded 12 grants totaling $154K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Edward L & Ruth S Hennessy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward L & Ruth S Hennessy Foundation reported a distributable amount of $102K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Edward L & Ruth S Hennessy Foundation's EIN?
Edward L & Ruth S Hennessy Foundation's EIN (Employer Identification Number) is 22-3140476. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Edward L & Ruth S Hennessy Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.