HCS Foundation
HCS Foundation is a private foundation based in Westlake, Ohio. Its 2024 filing reports 75 grants totaling $7,756,444, with recipients including educational, youth, health, arts, community, and other nonprofit organizations.
HCS Foundation at a glance
In short: HCS Foundation gave $7.8M across 75 grants in 2024 (avg $103K), mostly in Ohio. 32% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,756,444
- -3.7% vs 2023
- Grants made (2024)
- 75
- +17.2% vs 2023
- Average grant
- $103,419
- -17.8% vs 2023
- Median grant
- $40,000
- Total assets
- $105,356,989
- +1.1% vs 2023
- New grantees (estimate)
- 32% first-time grantees (20 of 62, 2024)
- Primary geography
- Ohio (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to HCS Foundation
- How to Apply
-
The filing states that grant requests are sent to the attention of the trustee listed in line 2a. It does not restrict giving to preselected organizations, and it lists no restrictions on awards.
- Contact
Application contact: L Thomas Hiltz
Mailing address: 1991 Crocker Road 450, Westlake, OH 44145-1998
Phone: (216) 781-3502
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who HCS Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Xavier University ($2.0M). Together the top 10 received $5.2M.
Grant Size Distribution
338 grants across all recorded years
The most common grant size was under $50K: 157 grants of 338 (46%).
Geographic Focus
Where this funder awards grants
In 2024, 95% of grant dollars went to recipients in Ohio, 3% to New York, 2% to Michigan, and less than 1% to the District of Columbia.
Grant Distribution by State
Share of 2024 grant dollars across all 75 itemized grants.
States
Cities
Is HCS Foundation open to new grantees?
32%
first-time grantees, 2024
In 2024, 20 of 62 grantees (32%) were first-time recipients. First grants averaged $82K; repeat grants $146K. How we count
Medians: $43K first-time, $50K repeat.
- 48% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+12%). Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6.2M (2020) to $8.1M (2023). In 2024 it made 75 grants totaling $7.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Xavier University Cincinnati, OH | Toward Construction of the College of Osteopathic Medicine | $2,000,000 |
| The Summit Country Day School Cincinnati, OH | Upper School Resources Program 2024-2025, 2025-2026, & 2026-2027 | $587,958 |
| Boys & Girls Clubs of Greater Cincinnati Cincinnati, OH | A New Generation Campaign | $500,000 |
| Craig and Frances Lindner Center of Hope Mason, OH | Third installment to lindner center of hope's $30 million transforming hope campaign | $500,000 |
| Zoological Society of Cincinnati Cincinnati, OH | Final installment to support the construction of the elephant trek | $400,000 |
| Bob Woodruff Family Foundation Inc New York, NY | Pledge Toward Stand up for Heroes Event | $250,000 |
| Cincinnati Association for the Blind Cincinnati, OH | Underwrite the cost of renovating space at 2045 gilbert avenue to create a classification folder production line | $250,000 |
| The Children's Theatre of Cincinnati Cincinnati, OH | Third installment to support the renovation of emery theatre | $250,000 |
| St Francis Xavier Church Cincinnati, OH | Second Installment Toward the Adsum Campaign for Renewal | $167,000 |
| Wesley Community Services Organization Cincinnati, OH | First Installment Toward Driving the Future Campaign | $166,667 |
Ready to take the next step with HCS Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $105,356,989 | $11,288,952 | $10,157,371 | $7,756,444 | 75 | $9,310,549 | $10,597,983 | $10,140,879 |
| 2023 | $104,224,943 | $13,451,282 | $10,302,249 | $8,051,841 | 64 | $9,505,148 | $12,840,661 | $9,147,243 |
| 2022 | $101,075,549 | $5,228,867 | $10,129,666 | $8,041,211 | 62 | $9,425,935 | $4,607,116 | $9,467,152 |
| 2021 | $105,976,263 | $7,902,405 | $9,031,827 | $6,908,095 | 73 | $8,341,702 | $7,342,139 | $9,673,686 |
| 2020 | $107,105,685 | $13,471,295 | $8,016,989 | $6,234,935 | 64 | — | $12,992,469 | $8,107,725 |
Under IRS private-foundation payout rules, HCS Foundation reported a distributable amount of $10.1M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and projects. For example, Xavier University received funding toward construction of its College of Osteopathic Medicine; Boys & Girls Clubs of Greater Cincinnati received support for its A New Generation Campaign; and the Craig and Frances Lindner Center of Hope received an installment toward its Transforming Hope Campaign.
The grantees describe their work in varied terms: Boys & Girls Clubs of Greater Cincinnati says it helps young people reach their full potential; the Lindner Center of Hope says it provides mental health treatment, education, and research; and the Zoological Society of Cincinnati describes its mission as creating adventure, conveying knowledge, conserving nature, and serving the community. Other recipients include a school, a theatre, a blindness-services organization, and a senior-services organization.
Grantmaking
In 2024, the foundation reported 75 grants totaling $7,756,444. Grant amounts ranged from $2,500 to $2,000,000, with a median grant of $40,000.
The largest reported grants included $2,000,000 to Xavier University toward construction of the College of Osteopathic Medicine; $587,958 to The Summit Country Day School for its Upper School Resources Program; $500,000 to Boys & Girls Clubs of Greater Cincinnati for its A New Generation Campaign; and $500,000 to the Craig and Frances Lindner Center of Hope toward its Transforming Hope Campaign. Other notable awards included $400,000 to the Zoological Society of Cincinnati for Elephant Trek construction, and $250,000 each to the Bob Woodruff Family Foundation, Cincinnati Association for the Blind, and The Children’s Theatre of Cincinnati.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists L. Thomas Hiltz as chairman and trustee; Michael W. Schott as treasurer and trustee; Francie S. Hiltz as vice chairman and trustee; Allison H. Kropp as secretary and trustee; and Peter S. Hiltz as trustee.
HCS Foundation is led by L. Thomas Hiltz, Chairman & Trustee on every filing since 2020; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
L. Thomas Hiltz
Chairman & Trustee
On filings since 2020
20.7 hrs/week
$249K (2020) → $302K (2024)
Allison H. Kropp
Secretary & Trustee
On filings since 2020
25.7 hrs/week
$185K (2020) → $280K (2024)
Francie S. Hiltz
Vice Chairman & Trustee
On filings since 2020
6.3 hrs/week
$123K (2020) → $77K (2024)
Michael W. Schott
Treasurer & Trustee
On filings since 2020
14 hrs/week
$123K (2020) → $149K (2024)
Peter S. Hiltz
Trustee
On filings since 2020
16.4 hrs/week
$103K (2020) → $163K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $302K, to L Thomas Hiltz (Chairman, Trustee). 5 officers or directors reported compensation on that filing.
Frequently asked questions about HCS Foundation
How much does HCS Foundation give each year?
HCS Foundation gave $7.8M across 75 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8.1M across 64 grants.
What is HCS Foundation's typical grant size?
HCS Foundation's median grant in 2024 was $40,000, and its average grant was $103,419, across 75 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from HCS Foundation that year got $82K on average.
Where does HCS Foundation give grants?
HCS Foundation gives mostly in Ohio: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cincinnati, OH (65 grants).
Does HCS Foundation give general operating support?
Yes: 16% of HCS Foundation's 2024 grants with a stated purpose (12 of 75) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are HCS Foundation's largest grantees?
HCS Foundation's largest 2024 grantees include Xavier University ($2,000,000), The Summit Country Day School ($612,958 across 2 grants) and Boys & Girls Clubs of Greater Cincinnati ($500,000), according to its 2024 IRS Form 990-PF. Together they received 40% of its itemized 2024 grant dollars.
How large is HCS Foundation?
HCS Foundation reported $105.4M in total assets on its 2024 IRS Form 990-PF. It paid out $9.3M in qualifying distributions that year, against a required minimum of $10.1M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does HCS Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and projects. See mission & focus areas ↑
How do I apply for a grant from HCS Foundation?
The filing states that grant requests are sent to the attention of the trustee listed in line 2a. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is HCS Foundation's EIN?
HCS Foundation's EIN (Employer Identification Number) is 34-6514235. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in HCS Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). HCS Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/hcs-foundation-morg_f76333c9d8be40828fadde133554ff74
BibTeX
@misc{grantable_346514235_2026,
author = {{Grantable}},
title = {{HCS Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hcs-foundation-morg_f76333c9d8be40828fadde133554ff74},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from HCS Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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