Hearts for Giving Foundation
Hearts for Giving Foundation is a private foundation, based in Abingdon, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $96K in total assets. In 2024, it awarded 4 grants totaling $16K. Net investment income was $6K.
Hearts for Giving Foundation at a glance
In short: Hearts for Giving Foundation gave $16K across 4 grants in 2024 (avg $4K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,300
- +16.4% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $4,075
- +16.4% vs 2023
- Median grant
- $2,250
- Total assets
- $96,075
- -0.2% vs 2023
- Primary geography
- Virginia (77% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Hearts for Giving Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Cornerstone Christian Academy ($10K). Together the top 4 received $16K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Hearts for Giving Foundation gives
- Giving grew 36% from 2021 to 2024. Method
- In 2024 it paid out 113% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $12K (2021) to $16K (2024). In 2024 it made 4 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cornerstone Christian Academy Abingdon, VA | General Gift | $10,000 |
| Woodland Hills Christian Church Abingdon, VA | General Gift | $2,500 |
| United Methodist Foundation Alcoa, TN | General Gift | $2,000 |
| Holston United Methodist Home Greenville, TN | General Gift | $1,800 |
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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 | $96,075 | $15,810 | $16,700 | $16,300 | 4 | $16,300 | $6,010 | $14,398 |
| 2023 | $96,273 | $14,505 | $14,680 | $14,000 | 4 | $14,000 | $5,505 | $13,354 |
| 2022 | $96,518 | $6,821 | $13,050 | $12,700 | 5 | $12,700 | $5,050 | $12,215 |
| 2021 | $105,350 | $16,814 | $12,300 | $12,000 | 3 | $12,000 | $5,014 | $10,855 |
| 2020 | $101,675 | $11,363 | $16,585 | $16,000 | 4 | — | $4,313 | $10,135 |
Under IRS private-foundation payout rules, Hearts for Giving Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hearts for Giving Foundation is led by William Hayter, Director on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
William Hayter
Director
On filings since 2020
No compensation reported
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.
Frequently asked questions about Hearts for Giving Foundation
How much does Hearts for Giving Foundation give each year?
Hearts for Giving Foundation gave $16K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 4 grants.
What is Hearts for Giving Foundation's typical grant size?
Hearts for Giving Foundation's median grant in 2024 was $2,250, and its average grant was $4,075, across 4 grants on its 2024 IRS Form 990-PF.
Where does Hearts for Giving Foundation give grants?
Hearts for Giving Foundation gives mostly in Virginia: 77% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (23%). The most frequent recipient cities were Abingdon, VA (2 grants).
Does Hearts for Giving Foundation give general operating support?
Yes: 100% of Hearts for Giving Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Hearts for Giving Foundation?
Hearts for Giving Foundation reported $96K in total assets on its 2024 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is Hearts for Giving Foundation's EIN?
Hearts for Giving Foundation's EIN (Employer Identification Number) is 27-1858000. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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