Hei Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROADVIEW, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $133K. Net investment income was $67K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-6.5% YoY
Annual Giving
$133K
+2.7% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$15K
-8.8% YoY
Under IRS private-foundation payout rules, Hei Foundation Inc reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.
About Hei Foundation Inc
Based on IRS filings
Hei Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROADVIEW, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $133K. Net investment income was $67K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,007,108 | $1,076,789 | $1,194,509 |
| Revenue | $74,691 | $21,947 | $46,200 |
| Expenses | $142,818 | $139,667 | $133,418 |
| Qualifying Distributions | $134,711 | $131,445 | $124,033 |
| Net Investment Income | $66,584 | $21,093 | $37,492 |
| Distributable Amount | $63,733 | $63,152 | $67,142 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Advocate Charitable Foundation ($45,000), Off the Street Club ($30,000), Lurie Children's Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVOCATE CHARITABLE FOUNDATION DOWNERS GROVE, IL | PUBLIC SERVICE/MEDICAL | $45,000 |
| ALIVE CENTER NAPERVILLE, IL | PUBLIC SERVICES | $5,000 |
| GLENWOOD ACADEMY GLENWOOD, IL | EDUCATIONAL | $5,000 |
| LURIE CHILDREN'S FOUNDATION CHICAGO, IL | PUBLIC SERVICE/MEDICAL | $15,000 |
| MISERICORDIA CHICAGO, IL | PUBLIC SERVICES/MEDICAL | $15,000 |
| MOOSEHEART MOOSEHEART, IL | PUBLIC SERVICES/EDUCATION | $5,000 |
| OFF THE STREET CLUB CHICAGO, IL | PUBLIC SERVICES | $30,000 |
| PATHWAY TO ADVENTURE COUNCIL SCOUTING AMERICA CHICAGO, IL | PUBLIC SERVICES | $8,446 |
| SOS CHILDREN'S VILLAGES-ILLINOIS CHICAGO, IL | PUBLIC SERVICE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN C MAYTON | SECRETARY & TREASURER | 1 | — |
| DANIEL R PESAVENTO | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hei Foundation Inc?
Hei Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROADVIEW, IL. It holds $1.0M in total assets as of 2024.
How large is Hei Foundation Inc?
As of 2024, Hei Foundation Inc holds $1.0M in total assets with $75K in annual revenue. It awarded 9 grants totaling $133K in 2024.
Where does Hei Foundation Inc operate?
Hei Foundation Inc has awarded grants in Illinois, Tennessee.
What size grants does Hei Foundation Inc award?
In 2024, Hei Foundation Inc awarded 9 grants totaling $133K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Hei Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hei Foundation Inc reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hei Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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