Hearts Path Charitable Foundation Inc

LOUISVILLE, KY EIN: 47-5625690

Hearts Path Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.1M in total assets. In 2024, it awarded 14 grants totaling $460K. Net investment income was $856K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.1M

+3.2% YoY

Annual Giving

$460K

+143.0% YoY

Grant Count

-6.7% YoY

Avg Grant Size

$33K

+160.4% YoY

Under IRS private-foundation payout rules, Hearts Path Charitable Foundation Inc reported a distributable amount of $548K for 2024 — the minimum it must pay out in qualifying distributions.

About Hearts Path Charitable Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $661K (34%)

District of Columbia $537K (28%)

Kentucky $531K (27%)

New Jersey $100K (5%)

Utah $30K (2%)

Tennessee $24K (1%)

Connecticut $20K (1%)

North Carolina $20K (1%)

+3 more states

States

Arizona California Connecticut District of Columbia Georgia Kentucky Maryland North Carolina New Jersey Tennessee Utah

Cities

BakersfieldBoydsCharlotteColumbusConcordFairfieldGilbertGlendoraHoney DewKanabLagrangeLayfayetteLexingtonLouisvilleMemphisNashvillePikevilleShelbyvilleSpring HillWalnut Creek

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,110,581	$7,861,723	$7,322,042
Revenue	$912,953	$911,898	$526,001
Expenses	$664,095	$367,272	$660,080
Qualifying Distributions	$590,065	$319,940	$594,515
Net Investment Income	$856,307	$864,978	$478,581
Distributable Amount	$548,465	$453,749	$455,751

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

69 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Norton Children's Hospital Foundation ($180,000), Mission Teens Inc ($100,000), Beacon House ($30,000).

Recipient	Purpose	Amount
BEST FRIENDS ANIMAL SOCIETY KANAB, UT	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$10,000
SAVE THE CHILDREN FEDERATION INC FAIRFIELD, CT	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$10,000
SHOWER UP SPRING HILL, TN	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$5,000
ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$10,000
TOKEN III CLUB LOUISVILLE, KY	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$25,000
WHITE PONY EXPRESS CONCORD, CA	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$20,000
BEACON HOUSE WASHINGTON, DC	GENERAL OPERATING EXPENSES FOR CHARITABLE OF EDUCATIONAL PURPOSES	$30,000
COMMONWEALTH THEATRE CENTER INC LOUISVILLE, KY	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOISES	$20,000
FAMILY SCHOLAR HOUSE INC LOUISVILLE, KY	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$10,000
MISSION TEENS INC GLENDORA, NJ	GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SUE ELLEN MARSHALL-HERZA	PRESIDENT	4	$25,000
ANDREW DAVIDSON	TREASURER	4	$25,000
EMILY DAVIDSON	SECRETARY	4	$25,000
WESLEY SPENCER	DIRECTOR	4	$25,000
JONATHON DAVIDSON	DIRECTOR	4	$25,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Hearts Path Charitable Foundation Inc?

Hearts Path Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. It holds $8.1M in total assets as of 2024.

How large is Hearts Path Charitable Foundation Inc?

As of 2024, Hearts Path Charitable Foundation Inc holds $8.1M in total assets with $913K in annual revenue. It awarded 14 grants totaling $460K in 2024.

Where does Hearts Path Charitable Foundation Inc operate?

Hearts Path Charitable Foundation Inc has awarded grants in Arizona, California, Connecticut, District of Columbia, Georgia, Kentucky, Maryland, North Carolina, New Jersey, Tennessee, Utah.

What size grants does Hearts Path Charitable Foundation Inc award?

In 2024, Hearts Path Charitable Foundation Inc awarded 14 grants totaling $460K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Hearts Path Charitable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hearts Path Charitable Foundation Inc reported a distributable amount of $548K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Hearts Path Charitable Foundation Inc's EIN?

Hearts Path Charitable Foundation Inc's EIN (Employer Identification Number) is 47-5625690. IRS Form 990 filing data is available on this page for 2020–2024.