Hegarty Family Foundation

Private foundation · Grantmaker North Palm Beach, FL EIN: 06-1532648

Hegarty Family Foundation is a private foundation, based in North Palm Beach, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $806K in total assets. In 2025, it awarded 6 grants totaling $191K. Net investment income was $53K.

Key facts about Hegarty Family Foundation

In short: Hegarty Family Foundation gave $191K across 6 grants in 2025 (avg $32K), mostly in New York. Source: 2025 IRS Form 990-PF.

EIN
06-1532648
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$190,500
Grants made (2025)
6
Average grant
$31,750
Median grant
$14,250
Total assets
$806,106
Primary geography
New York (75% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$806K

-11.9% YoY

Annual Giving

$191K

-33.4% YoY

Grant Count

6

-40.0% YoY

Avg Grant Size

$32K

+11.0% YoY

How Hegarty Family Foundation gives

  • Giving fell 27% from 2022 to 2025. Method
  • In 2024 it paid out 441% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

New RochelleNorth Palm BeachYonkersAlexandriaGreenwichTarrytownArlingtonNew YorkBronxTequestaIsland ParkOceansideOrlandoPurchaseSan FranciscoScarboroughSeafordValhalla

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K5 grants2020 9 grants2021 9 grants2022 10 grants2023 10 grants2024 6 grants2025

From 2020 to 2025, annual grant giving ranged from $191K (2025) to $450K (2021). In 2025 it made 6 grants totaling $191K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Iona University: $119KIona University$119KMarine Corp Scholarship Foundation: $40KMarine Corp ScholarshipFoundation$40KElizabeth Seton PC Foundation: $21KElizabeth Seton PC Foundation$21KLost Tree Foundation: $8KLost Tree Foundation$8KCalvary Fund Inc: $2KCalvary Fund Inc$2KJupiter Hills Community Foundation: $1KJupiter Hills CommunityFoundation$1K

The largest 2025 recipient was Iona University ($119K). Together the top 6 received $191K.

Grant Size Distribution

44 grants across all recorded years

34<$50K5$50–100K5$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 34 grants of 44 (77%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Iona University New Rochelle, NYProvide operatingfunds for Ionaseducational programs$119,000
Marine Corp Scholarship Foundation Alexandria, VAprovide support to donee organizationfor organizational expenses$40,000
Elizabeth Seton PC Foundation Yonkers, NYprovide support to donee organizationfor organizational expenses$21,000
Lost Tree Foundation North Palm Beach, FLprovide support to donee organizationfor organizational expenses$7,500
Calvary Fund Inc Bronx, NYprovide support to donee organizationfor organizational expenses$2,000
Jupiter Hills Community Foundation Tequesta, FLprovide support to donee organizationfor organizational expenses$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$806,106$914,662$1,146,977
Revenue$98,640$59,481$271,491
Expenses$206,851$291,189$248,905
Qualifying Distributions—$286,100$227,500
Net Investment Income$53,385$33,605$31,459
Distributable Amount—$64,919$60,759

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Hegarty Family Foundation is led by Michael Hegarty, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Michael Hegarty

    President

    On filings since 2020

    3.5 hrs/week

    No compensation reported

  • Anita Hegarty

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Hegarty Family Foundation

How much does Hegarty Family Foundation give each year?

Hegarty Family Foundation gave $191K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $286K across 10 grants.

What is Hegarty Family Foundation's typical grant size?

Hegarty Family Foundation's median grant in 2025 was $14,250, and its average grant was $31,750, across 6 grants on its 2025 IRS Form 990-PF.

Where does Hegarty Family Foundation give grants?

Hegarty Family Foundation gives mostly in New York: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Virginia (21%).

Does Hegarty Family Foundation give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Hegarty Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.

Who are Hegarty Family Foundation's largest grantees?

Hegarty Family Foundation's largest 2025 grantees include Iona University ($119,000), Marine Corp Scholarship Foundation ($40,000) and Elizabeth Seton PC Foundation ($21,000), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.

How large is Hegarty Family Foundation?

Hegarty Family Foundation reported $806K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $99K.

What is Hegarty Family Foundation's EIN?

Hegarty Family Foundation's EIN (Employer Identification Number) is 06-1532648. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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