Hedge Funds Care Inc
Hedge Funds Care Inc, which operates as Help For Children (HFC), is a New York, NY-based public charity that supports efforts to prevent and treat child maltreatment. It raises funds and awareness in partnership with the alternative investment industry and awards grants to organizations working in this area.
Hedge Funds Care Inc at a glance
In short: Hedge Funds Care Inc gave $1.3M across 40 grants in 2024 (avg $31K), mostly in New York. 41% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,252,325
- +8.6% vs 2023
- Grants made (2024)
- 40
- -2.4% vs 2023
- Average grant
- $31,308
- +11.3% vs 2023
- Median grant
- $30,000
- Total assets
- $2,631,282
- -13.0% vs 2023
- New grantees (estimate)
- 41% first-time grantees (16 of 39, 2024)
- Primary geography
- New York (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hedge Funds Care Inc
- Review Cycle
- July 31, 2026.
- Deadline
- July 31, 2026.
- Contact
Mailing address: 106 W 32Nd Street 2Nd Floor, New York, NY 10001
Phone: (212) 991-9600
Website: https://hfc.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hedge Funds Care Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Young Center for Immigrant Children's Rights ($60K across 2 grants). Together the top 10 received $508K.
Organizations only. It also paid 1 grant to individuals ($25,000), which are not listed by name.
Grant Size Distribution
170 grants across all recorded years
The most common grant size was under $50K: 156 grants of 170 (92%).
Geographic Focus
Where this funder awards grants
HFC lists grantmaking locations in the United States and internationally. Its stated U.S. catchments include the New York tri-state area (NY, NJ, CT), Greater Denver, specified Bay Area counties, Greater Atlanta, Greater Los Angeles, and an area extending 100 miles from Chicago and within the Twin Cities. International locations listed include Hong Kong, Grand Cayman and Cayman Brac, metropolitan Toronto, and London and the Southeast of the United Kingdom. HFC says it is not accepting letters of inquiry for 2026 in metropolitan Toronto or Greater Los Angeles.
In 2024, 51% of grant dollars went to recipients in New York, 12% to Connecticut, 12% to Illinois, 8% to New Jersey, and 7% to California.
Grant Distribution by State
Share of 2024 grant dollars across all 40 itemized grants.
Cities
Is Hedge Funds Care Inc open to new grantees?
41%
first-time grantees, 2024
In 2024, 16 of 39 grantees (41%) were first-time recipients. First grants averaged $31K; repeat grants $33K. How we count
Medians: $30K first-time, $30K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $683K (2022) to $1.3M (2024). In 2024 it made 40 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Center for Evaluation and Counseling Inc Parsippany, NJ | To provide forensic assessment and mental health treatment to children and parents in families where child abuse/neglect has occurred, to heal trauma and improve well-being. | $50,000 |
| Fostering Change for Children Rocky Point, NY | The goal of children's corps is to infuse the nyc child welfare system with incredible frontline workers and future leaders with a high retention rate in order to strengthen families and improve permanency outcomes for children. | $50,000 |
| LOVE146 New Haven, CT | The goal of love146s transitional services program is to provide services that help youth (ages 16-24) who have experienced trafficking victimization successfully transition to adulthood and obtain economic independence. | $50,000 |
| Mercyfirst Syosset, NY | Provide families with post-foster care stability and support services. | $50,000 |
| Mid-Fairfield Child Guidance Center Inc (Also Referred to as Mid-Fairfield Norwalk, CT | Reducing emotional distress associated with traumatic memories and improve overall mental health and wellbeing | $50,000 |
| New York Society for the Prevention of Cruelty to Children (Nyspcc) New York, NY | The primary goals of the nyspccs trauma recovery program are to help children and youth, who have survived abuse, neglect, and other traumatic experiences, develop coping skills and reduce their trauma symptoms. | $50,000 |
| New York University New York, NY | Recognizing that the majority of women referred to child protective services have a history of trauma or abuse either as children or adults, this project seeks to strengthen and preserve families, prevent maltreatment recidivism, and alleviate maternal symptoms of ptsd/depression, by delivering and evaluating (in a nih-supported, randomized control trial (RCT) setting) a promising therapeutic intervention which has been shown in previous research to reduce or eliminate symptoms of post-traumatic stress disorder and depression in mothers, while also bolstering parenting skills that can support positive parenting behaviors, improve child well-being, and reduce maltreatment recidivism. | $50,000 |
| The New York Foundling New York, NY | To make mental health services accessible to children & families through public schools | $50,000 |
| Court Appointed Special Advocates of New Jersey New Brunswick, NJ | The goal is to continue to implement trainings for the network of casa staff and volunteers throughout nj, ensuring uniform delivery of exceptional advocacy and support for every child in out-of-home placements in nj so that they have the opportunity to thrive in a safe and loving home. | $48,000 |
| Blythedale Children's Hospital Valhalla, NY | Our project goals are to continue to bring awareness and provide educational tools to help parents/caregivers learn how to care for a child with medical complexity (CMC). | $40,200 |
Ready to take the next step with Hedge Funds Care Inc?
Financial History
Multi-year comparison from IRS filings
HFC’s 2023 grants totaled $1,153,097 across 41 grants; its 2022 grants totaled $683,345 across 24 grants.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,631,282 | $1,658,839 | $2,111,715 | $1,252,325 | 40 | $833 |
| 2023 | $3,024,414 | $1,930,628 | $1,884,693 | $1,153,097 | 41 | — |
| 2022 | $2,688,236 | $1,580,029 | $1,391,442 | $683,345 | 24 | — |
| 2021 | $2,665,422 | $1,649,272 | $1,648,400 | $949,757 | 37 | $-406 |
| 2020 | $2,134,271 | $1,732,076 | $1,660,283 | $701,322 | 28 | $159 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
HFC’s stated mission is to support efforts to prevent and treat child abuse. Its grants support programs in direct services, education, advocacy, and research, including counseling, mentoring, training for practitioners, policy work, and studies related to child abuse prevention and treatment.
Grantee missions illustrate the range of organizations it supports. MercyFirst says it provides human services and educational opportunities to children and families; Love146 says it works alongside children affected by trafficking and seeks to prevent child trafficking; and Blythdale Children’s Hospital says it improves children’s health and well-being, including for children with complex medical conditions. These are the grantees’ descriptions of their own work.
Grantmaking
In 2024, HFC reported 40 grants totaling $1,252,325. Awards ranged from $10,000 to $50,000, with a median of $30,000. The largest listed grants were $50,000 each to the Center for Evaluation and Counseling, Fostering Change for Children, Love146, MercyFirst, Mid-Fairfield Child Guidance Center, the New York Society for the Prevention of Cruelty to Children, New York University, and The New York Foundling. Their stated project purposes included mental health treatment, trauma recovery, support for young people who have experienced trafficking, post-foster-care family support, and access to mental health services through schools.
HFC’s website invites organizations to apply for grants. It says it does not fund lobbying, annual fundraising drives, or projects undertaken by individuals, and does not make multi-year grants. The available information does not specify application materials or a more detailed application process.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Dean Backer as president and Alice Hackett, Baron Jacob, Basil Godellas, Beth Wiener, Chris Zaback, David Mulle, Eric Roper, Eugene Tetlow, and Geoff Ruddick as board members. HFC’s website identifies Rob Davis as its founder and chairman emeritus.
Hedge Funds Care Inc is led by Sumudu Waas, Executive Director & COO since 2022 (on filings since 2021); 2 of 41 officers listed in 2024 are compensated.
Officers on the 2024 filing
Sumudu Waas
Executive Director & COO
Acting Excutive Director → Executive Director & COO, 2022
On filings since 2021
40 hrs/week
$91K (2021) → $159K (2024)
Dean Backer
President
On filings since 2020
7 hrs/week
No compensation reported
Lynn Fisher
Senior Director of Development & Event
New on the 2024 filing
40 hrs/week
$107K (2024)
Alice Hackett
Board Member
On filings since 2020
1 hr/week
No compensation reported
Baron Jacob
Board Member
On filings since 2020
1 hr/week
No compensation reported
Basil Godellas
Board Member
On filings since 2020
1 hr/week
No compensation reported
Eric R. Roper
Board Member
On filings since 2020
1 hr/week
No compensation reported
Geoff Ruddick
Board Member
On filings since 2020
1 hr/week
No compensation reported
Glen Dailey
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Ingrid Pierce
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jack Inglis
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jay Peller
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jennifer Collins
Board Member
On filings since 2020
1 hr/week
No compensation reported
Joel Press
Board Member
On filings since 2020
1 hr/week
No compensation reported
John Broadhurst
Board Member
On filings since 2020
1 hr/week
No compensation reported
John Tavss
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jonathan Barrett
Board Member
On filings since 2020
1 hr/week
No compensation reported
Joseph Fisher
Board Member
On filings since 2020
1 hr/week
No compensation reported
Joseph Patellaro
Board Member
On filings since 2020
1 hr/week
No compensation reported
Kara Friedenberg
Board Member
On filings since 2020
1 hr/week
No compensation reported
Lance Zinman
Board Member
On filings since 2020
1 hr/week
No compensation reported
Lucinda Hislop
Board Member
On filings since 2020
1 hr/week
No compensation reported
Mark Salameh
Board Member
On filings since 2020
1 hr/week
No compensation reported
Michael Vranos
Board Member
On filings since 2020
1 hr/week
No compensation reported
Mikael Johnson
Board Member
On filings since 2020
1 hr/week
No compensation reported
Natalie Deak Jaros
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Peter Naismith
Board Member
On filings since 2020
1 hr/week
No compensation reported
Robert Mirsky
Board Member
On filings since 2020
1 hr/week
No compensation reported
Robert Schultz
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Roselle Polo
Controller
Controller → Outsourced Controller, 2023
Outsourced Controller → Controller, 2024
On filings since 2020
40 hrs/week
No compensation reported
Todd Goldman
Board Member
On filings since 2020
1 hr/week
No compensation reported
Vanessa Hemavathi
Board Member
On filings since 2020
1 hr/week
No compensation reported
William Taggart Jr.
Board Member
On filings since 2020
1 hr/week
No compensation reported
Beth Wiener
Board Member
On filings since 2021
1 hr/week
No compensation reported
David Mulle
Board Member
On filings since 2021
1 hr/week
No compensation reported
Rhonda Eldridge
Board Member
On filings since 2021
1 hr/week
No compensation reported
Rob Davis
Founder & Chairman Emeritus
On filings since 2022
1 hr/week
No compensation reported
Chris Zaback
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Eugene Tetlow
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Karl Cole-Frieman
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Rob Leonard
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (19)
- Former: Christopher Zaback (2020–2023) — Board Member
- Former: Edward Dougherty (2020–2023) — Board Member
- Former: Kevin Shannon (2020–2023) — Outgoing Board Member
- Former: Mark Bellias (2020–2023) — Outgoing Board Member
- Former: Matthew Stover (2020–2023) — Outgoing Board Member
- Former: Robert Leonard (2020–2023) — Board Member
- Former: William Haggerty (2020–2023) — Board Member
- Former: Don Steinbrugge (2020–2022) — Outgoing Board Member
- Former: Sarah Davidoff (2020–2022) — Outgoing Board Member
- Former: Corey Goldman (2020–2021) — Board Member
- Former: Jeffrey Bronheim (2020–2021) — Board Member
- Former: Lauri Haas (2020–2021) — Board Member
- Former: Renee Skolaski (2020–2021) — Outgoing CEO
- Former: Robin Davis (2020–2021) — Founder & Chairman Emeritus
- Former: Beth Weiner (2020) — Board Member
- Former: Brett Hickey (2020) — Board Member
- Former: Calvert Burkhart (2020) — Outgoing Board Member
- Former: David Nissenbaum (2020) — Outgoing Board Member
- Former: Gerard Polizzi (2020) — Outgoing Board Member
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $159K, to Sumudu Waas (Executive Director & COO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Hedge Funds Care Inc
How much does Hedge Funds Care Inc give each year?
Hedge Funds Care Inc gave $1.3M across 40 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.2M across 41 grants.
What is Hedge Funds Care Inc's typical grant size?
Hedge Funds Care Inc's median grant in 2024 was $30,000, and its average grant was $31,308, across 40 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Hedge Funds Care Inc that year got $31K on average.
Where does Hedge Funds Care Inc give grants?
Hedge Funds Care Inc gives mostly in New York: 51% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were Connecticut (12%) and Illinois (12%). The most frequent recipient cities were New York, NY (9 grants), Chicago, IL (5 grants), Valhalla, NY (2 grants) and Oakland, CA (2 grants).
Does Hedge Funds Care Inc give general operating support?
Not in 2024: none of the 40 grants with a stated purpose on Hedge Funds Care Inc's 2024 IRS Form 990 were described as general or operating support.
Who are Hedge Funds Care Inc's largest grantees?
Hedge Funds Care Inc's largest 2024 grantees include Young Center for Immigrant Children's Rights ($60,000 across 2 grants), Center for Evaluation and Counseling Inc ($50,000) and Fostering Change for Children ($50,000), according to its 2024 IRS Form 990. It also paid 1 grant to individuals ($25,000), which are not listed by name. Together they received 13% of its itemized 2024 grant dollars.
How large is Hedge Funds Care Inc?
Hedge Funds Care Inc reported $2.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.7M.
What does Hedge Funds Care Inc fund?
HFC’s stated mission is to support efforts to prevent and treat child abuse. Its grants support programs in direct services, education, advocacy, and research, including counseling, mentoring, training for practitioners, policy work, and studies related to child abuse prevention and treatment. See mission & focus areas ↑
How do I apply for a grant from Hedge Funds Care Inc?
Hedge Funds Care Inc has no public application process in the sources Grantable reviewed. Check hfc.org for current guidelines, or contact the foundation directly before submitting a request.
What is Hedge Funds Care Inc's EIN?
Hedge Funds Care Inc's EIN (Employer Identification Number) is 43-1959796. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 15, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Hedge Funds Care Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Hedge Funds Care Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/hedge-funds-care-inc-morg_a1ce80e320e4481f9d11319fa8a7c76e
BibTeX
@misc{grantable_431959796_2026,
author = {{Grantable}},
title = {{Hedge Funds Care Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hedge-funds-care-inc-morg_a1ce80e320e4481f9d11319fa8a7c76e},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hedge Funds Care 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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