Hedberg Foundation Inc
Hedberg Foundation Inc is a private family foundation based in Lake Forest, Illinois. The foundation was established in 1991 in Wisconsin and currently operates from its Lake Forest headquarters.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$8.3M
+1738.6% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$2.8M
+1738.6% YoY
Mission & Focus Areas
The foundation generally targets organizations dedicated to the arts and humanities, education, environment, health and safety, and other community service organizations. Primary funding focus areas include education, philanthropy, voluntarism & grantmaking, and human services.
Grantmaking
According to the most recent IRS Form 990 filing for tax year 2024, the foundation distributed $8,273,767 in total giving. Historical data shows:
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Geographic Focus
Where this funder awards grants
The foundation's grant-making focuses primarily on Ohio, with some activity in Massachusetts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Tax Year 2024:
- Total Assets: $0
- Total Giving: $8,273,767
- Contributions: $74,000
As of Tax Year 2023:
- Total Assets: $7,400,000
- Total Giving: $451,000
The significant change in asset position and giving levels between 2023 and 2024 reflects the foundation's final return filing status.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by:
- Carla H. Westcott — President/Director
- Peggy Hedberg — Vice President/Director
- Lara Deam — Treasurer/Secretary/Director
All three serve on the board with minimal time commitments and receive no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARLA H WESTCOTT | PRESIDENT/DIRECTOR | 2 | — |
| PEGGY HEDBERG | VICE PRESIDENT/DIRECTOR | 0.5 | — |
| LARA DEAM | TREASURER/SECRETARY/DIRECTOR | 0.5 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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