Hearts Path Charitable Foundation Inc
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
14
-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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
Explore Open Grants
Browse active grant opportunities in Hearts Path Charitable 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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