Hei Foundation Inc
Hei Foundation Inc is a private foundation, based in Broadview, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $968K in total assets. In 2025, it awarded 8 grants totaling $115K. Net investment income was $79K.
Hei Foundation Inc at a glance
In short: Hei Foundation Inc gave $115K across 8 grants in 2025 (avg $14K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $115,000
- -13.8% vs 2024
- Grants made (2025)
- 8
- -11.1% vs 2024
- Average grant
- $14,375
- -3.1% vs 2024
- Median grant
- $10,000
- Total assets
- $968,031
- -3.9% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Hei Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Advocate Charitable Foundation ($45K). Together the top 8 received $115K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Hei Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 191% of 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 2019 to 2025, annual grant giving ranged from $95K (2019) to $149K (2021). In 2025 it made 8 grants totaling $115K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Advocate Charitable Foundation Downers Grove, IL | Public Service/Medical | $45,000 |
| Boy Scouts of America Arlington Heights, IL | Public Service | $20,000 |
| Lurie Children's Foundation Chicago, IL | Public Service/Medical | $15,000 |
| Misericordia Chicago, IL | Public Services/Medical | $15,000 |
| Alive Center Naperville, IL | Public Services | $5,000 |
| Glenwood Academy Glenwood, IL | Educational | $5,000 |
| Mooseheart Mooseheart, IL | Public Services/Education | $5,000 |
| SOS Children's Villages-Illinois Chicago, IL | Public Service | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $968,031 | $86,388 | $125,465 | $115,000 | 8 | $116,265 | $78,608 | $60,808 |
| 2024 | $1,007,108 | $74,691 | $142,818 | $133,446 | 9 | $134,711 | $66,584 | $63,733 |
| 2023 | $1,076,789 | $21,947 | $139,667 | $130,000 | 8 | $131,445 | $21,093 | $63,152 |
| 2022 | $1,194,509 | $46,200 | $133,418 | $122,094 | 8 | $124,033 | $37,492 | $67,142 |
| 2021 | $1,284,633 | $106,896 | $160,779 | $148,758 | 10 | $150,944 | $90,735 | $77,128 |
| 2020 | $1,346,084 | $47,978 | $123,116 | $110,000 | 10 | — | $38,575 | $77,483 |
| 2019 | $1,416,222 | $209,302 | $103,628 | $95,004 | 13 | — | $202,318 | $72,109 |
Under IRS private-foundation payout rules, Hei Foundation Inc reported a distributable amount of $61K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hei Foundation Inc is led by Daniel R. Pesavento, President since 2024 (on filings since 2019); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Daniel R. Pesavento
President
Chairman & Vice President → Vice President & Secretary, 2021
Vice President & Secretary → President, 2024
On filings since 2019
1 hr/week
No compensation reported
Steven C. Mayton
Secretary & Treasurer
Vice President & Director → Vice President & Treasurer, 2021
Vice President & Treasurer → Secretary & Treasurer, 2024
On filings since 2019
1 hr/week
No compensation reported
Former officers (2)
- Former: John W. Dougherty (2019–2023) — President & Director
- Former: Lorayn C. Keeney (2019–2020) — Secretary & Treasurer
Data from IRS Form 990 filings, 2019–2025. "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 Hei Foundation Inc
How much does Hei Foundation Inc give each year?
Hei Foundation Inc gave $115K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $133K across 9 grants.
What is Hei Foundation Inc's typical grant size?
Hei Foundation Inc's median grant in 2025 was $10,000, and its average grant was $14,375, across 8 grants on its 2025 IRS Form 990-PF.
Where does Hei Foundation Inc give grants?
Hei Foundation Inc gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (3 grants).
Does Hei Foundation Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Hei Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Hei Foundation Inc's largest grantees?
Hei Foundation Inc's largest 2025 grantees include Advocate Charitable Foundation ($45,000), Boy Scouts of America ($20,000) and Lurie Children's Foundation ($15,000), according to its 2025 IRS Form 990-PF. Together they received 70% of its itemized 2025 grant dollars.
How large is Hei Foundation Inc?
Hei Foundation Inc reported $968K in total assets on its 2025 IRS Form 990-PF. It paid out $116K in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets).
What is Hei Foundation Inc's EIN?
Hei Foundation Inc's EIN (Employer Identification Number) is 20-0196993. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 1, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Hei Foundation Inc's focus areas in our free grants database
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