Hedberg Foundation Inc
Hedberg Foundation Inc is a private foundation based in Lake Forest, Illinois. It made charitable gifts to preselected organizations and states that it dissolved in December, with its final distribution completed on January 6, 2025.
Hedberg Foundation Inc at a glance
In short: Hedberg Foundation Inc gave $8.3M across 3 grants in 2024 (avg $2.8M), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,273,767
- +1738.6% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $2,757,922
- +1738.6% vs 2023
- Median grant
- $3,007,251
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
How to apply to Hedberg Foundation Inc
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 776 N Green Bay Road, Lake Forest, IL 60045
Phone: (847) 295-7212
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hedberg Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Peggy Hedberg Foundation ($3.0M). Together the top 3 received $8.3M.
Grant Size Distribution
156 grants across all recorded years
The most common grant size was under $50K: 144 grants of 156 (92%).
Geographic Focus
Where this funder awards grants
All reported grant dollars in filing year 2024 went to recipients in Ohio.
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Hedberg Foundation Inc gives
- Giving grew 1985% from 2021 to 2024. Method
- In 2024 it paid out well above 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 $397K (2021) to $8.3M (2024). In 2024 it made 3 grants totaling $8.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Peggy Hedberg Foundation Cincinnati, OH | Unrestricted Charitable Gift | $3,009,259 |
| Carla Westcott Giving Fund Cincinnati, OH | Unrestricted Charitable Gift | $3,007,251 |
| Deam Family Fund Cincinnati, OH | Unrestricted Charitable Gift | $2,257,257 |
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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 | — | $533,578 | $8,322,772 | $8,273,767 | 3 | $8,277,600 | $420,566 | $354,062 |
| 2023 | $6,117,110 | $349,332 | $490,544 | $450,000 | 3 | $451,475 | $313,650 | $337,817 |
| 2022 | $6,259,135 | $894,252 | $491,191 | $450,500 | 4 | $452,900 | $192,908 | $368,227 |
| 2021 | $6,038,017 | $498,597 | $437,046 | $396,833 | 77 | $399,133 | $388,066 | $372,792 |
| 2020 | $5,976,466 | $72,261 | $472,388 | $419,999 | 69 | — | $157,780 | $323,309 |
Under IRS private-foundation payout rules, Hedberg Foundation Inc reported a distributable amount of $354K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In filing year 2024, the foundation reported three grants totaling $8,273,767. The grants ranged from $2,257,257 to $3,009,259, with a median of $3,007,251. Each was described as an unrestricted charitable gift:
The foundation stated that it made contributions only to preselected charitable organizations and does not accept unsolicited requests. It also stated that it dissolved in December, that final distributions were authorized in December and completed in January, and that the final distribution occurred on January 6, 2025. Its remaining assets were donated to 501(c)(3) organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Carla H. Westcott as president/director, Peggy Hedberg as vice president/director, and Lara Deam as treasurer/secretary/director.
Hedberg Foundation Inc is led by Carla H. Westcott, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carla H. Westcott
President & Director
On filings since 2020
2 hrs/week
No compensation reported
Lara Deam
Treasurer, Secretary & Director
Officer & Director → Treasurer, Secretary & Director, 2021
On filings since 2020
0.5 hrs/week
No compensation reported
Peggy Hedberg
Vice President & Director
Officer & Director → Vice President & Director, 2021
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Donald D. Hedberg (2020–2021) — Director
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 Hedberg Foundation Inc
How much does Hedberg Foundation Inc give each year?
Hedberg Foundation Inc gave $8.3M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $450K across 3 grants.
What is Hedberg Foundation Inc's typical grant size?
Hedberg Foundation Inc's median grant in 2024 was $3,007,251, and its average grant was $2,757,922, across 3 grants on its 2024 IRS Form 990-PF.
Where does Hedberg Foundation Inc give grants?
Hedberg Foundation Inc gives mostly in Ohio: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cincinnati, OH (3 grants).
Does Hedberg Foundation Inc give general operating support?
Yes: 100% of Hedberg Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How do I apply for a grant from Hedberg Foundation Inc?
Hedberg Foundation Inc does not accept unsolicited proposals, according to Grantable's research on its published guidelines.
How much is Hedberg Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hedberg Foundation Inc reported a distributable amount of $354K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hedberg Foundation Inc's EIN?
Hedberg Foundation Inc's EIN (Employer Identification Number) is 39-1684914. IRS Form 990 filing data is available on this page for 2020–2024.
Does Hedberg Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Hedberg Foundation Inc'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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