Hacet Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PROSPECT, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.5M in total assets. In 2024, it awarded 6 grants totaling $2.2M. Net investment income was $708K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22.5M
+459.6% YoY
Annual Giving
$2.2M
+65.7% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$366K
-17.2% YoY
Under IRS private-foundation payout rules, Hacet Foundation Inc reported a distributable amount of $569K for 2024 — the minimum it must pay out in qualifying distributions.
About Hacet Foundation Inc
Based on IRS filings
Hacet Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PROSPECT, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.5M in total assets. In 2024, it awarded 6 grants totaling $2.2M. Net investment income was $708K.
Focus Areas
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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 | $22,543,171 | $4,028,096 | $5,202,899 |
| Revenue | $20,760,182 | $174,068 | $3,034,184 |
| Expenses | $2,245,107 | $1,348,871 | $1,182,403 |
| Qualifying Distributions | $2,194,840 | $1,324,840 | $1,153,900 |
| Net Investment Income | $708,092 | $147,894 | $44,348 |
| Distributable Amount | $568,783 | $220,660 | $184,823 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Children of Armenia Fund ($2,000,000), Fund for Armenian Relief ($114,840), The Salvation Army ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG BROTHERS BIG SISTERS LOUISVILLE, KY | CHARITABLE | $10,000 |
| CENTER FOR WOMEN AND FAMILIES LOUISVILLE, KY | CHARITABLE | $10,000 |
| CHILDREN OF ARMENIA FUND NEW YORK, NY | CHARITABLE | $2,000,000 |
| FUND FOR ARMENIAN RELIEF NEW YORK, NY | CHARITABLE | $114,840 |
| RONALD MCDONALD HOUSE CHARITIES LOUISVILLE, KY | CHARITABLE | $10,000 |
| THE SALVATION ARMY LOUISVILLE, KY | CHARITABLE | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARA HACET | PRESIDENT | — | — |
| SONYA HACET | VICE PRESIDENT | — | — |
| SARA THOMAS | SECRETARY/TREASURER | — | — |
| NICOLE WASKO | DIRECTOR | — | — |
| DANIELLE MCWHORTER | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hacet Foundation Inc?
Hacet Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PROSPECT, KY. It holds $22.5M in total assets as of 2024.
How large is Hacet Foundation Inc?
As of 2024, Hacet Foundation Inc holds $22.5M in total assets with $20.8M in annual revenue. It awarded 6 grants totaling $2.2M in 2024.
Where does Hacet Foundation Inc operate?
Hacet Foundation Inc has awarded grants in Kentucky, Minnesota, New York, Virginia.
What size grants does Hacet Foundation Inc award?
In 2024, Hacet Foundation Inc awarded 6 grants totaling $2.2M — an average of about $366K per grant, based on its IRS Form 990 filings.
How much is Hacet Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hacet Foundation Inc reported a distributable amount of $569K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hacet Foundation Inc's EIN?
Hacet Foundation Inc's EIN (Employer Identification Number) is 90-0925621. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hacet Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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