George Hoag Family Foundation

SANTA MONICA, CA EIN: 95-6006885

George Hoag Family Foundation is a private foundation, based in SANTA MONICA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $61.5M in total assets. In 2024, it awarded 1 grants totaling $2.4M. Net investment income was $3.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$61.5M

+3.2% YoY

Annual Giving

$2.4M

-8.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2.4M

-8.7% YoY

Under IRS private-foundation payout rules, George Hoag Family Foundation reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.

About George Hoag Family Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $12.9M (100%)

States

California

Cities

Various

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$61,509,740	$59,584,720	$58,463,463
Revenue	$4,102,945	$1,333,393	$1,642,164
Expenses	$3,145,763	$3,306,888	$3,405,986
Qualifying Distributions	$2,892,403	$3,038,417	$3,303,694
Net Investment Income	$3,857,085	$1,192,742	$1,481,872
Distributable Amount	$2,967,005	$2,899,705	$3,060,891

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 Various - See Attached Schedule of Grants ($2,372,000).

Recipient	Purpose	Amount
Various - See Attached Schedule of Grants Various, CA	See Attached Schedule of Grants	$2,372,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Melinda Hoag Smith	President/CEO/Director	10	$20,417
Gwyn P Parry	Director	2	$3,000
Michael B Sedgwick	Treasurer	10	$22,592
Charles W Smith	Secretary/Executive Direct	35	$102,800
Michael D Stephens	Director	2	$3,000
John L Curci	Director	2	$3,000
Steven A Velkei	Director	2	$2,000
Gregory G Hoag	Director	2	$3,000
Keith W Smith	Director	2	$3,000
Daniel G Smith	Director	2	$1,000
Melissa R Smith	Director	2	$1,000

Frequently Asked Questions

How large is George Hoag Family Foundation?

As of 2024, George Hoag Family Foundation holds $61.5M in total assets with $4.1M in annual revenue. It awarded 1 grants totaling $2.4M in 2024.

Where does George Hoag Family Foundation operate?

George Hoag Family Foundation has awarded grants in California.

What size grants does George Hoag Family Foundation award?

In 2024, George Hoag Family Foundation awarded 1 grants totaling $2.4M — an average of about $2.4M per grant, based on its IRS Form 990 filings.

How much is George Hoag Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, George Hoag Family Foundation reported a distributable amount of $3.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.