Hester Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 3 grants totaling $1.3M. Net investment income was $273K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
-14.7% YoY
Annual Giving
$1.3M
+308.1% YoY
Grant Count
3
-62.5% YoY
Avg Grant Size
$435K
+988.3% YoY
Under IRS private-foundation payout rules, Hester Family Foundation reported a distributable amount of $364K for 2024 — the minimum it must pay out in qualifying distributions.
About Hester Family Foundation
Based on IRS filings
Hester Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 3 grants totaling $1.3M. Net investment income was $273K.
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 | $6,159,576 | $7,221,483 | $7,191,210 |
| Revenue | $321,946 | $407,693 | $8,291,210 |
| Expenses | $1,383,853 | $377,420 | $1,100,000 |
| Qualifying Distributions | $1,331,164 | $322,931 | $1,100,000 |
| Net Investment Income | $273,043 | $390,769 | $2,727,691 |
| Distributable Amount | $364,419 | $353,343 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Joe Torre Safe at Home Foundation ($1,100,000), Stanford University ($200,000), Nevada Youth Empowerment Project ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Joe Torre Safe at Home Foundation New York, NY | Healing Services and Education | $1,100,000 |
| NEVADA YOUTH EMPOWERMENT PROJECT RENO, NV | EDUCATIONAL | $5,000 |
| STANFORD UNIVERSITY Stanford, CA | EDUCATIONAL | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WALTER F HESTER III | DIRECTOR | — | — |
| RACHEL ANNE HESTER | DIRECTOR | — | — |
| FRANK BURKHEAD WYATT II | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hester Family Foundation?
Hester Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $6.2M in total assets as of 2024.
How large is Hester Family Foundation?
As of 2024, Hester Family Foundation holds $6.2M in total assets with $322K in annual revenue. It awarded 3 grants totaling $1.3M in 2024.
Where does Hester Family Foundation operate?
Hester Family Foundation has awarded grants in California, Hawaii, Nevada, New York.
What size grants does Hester Family Foundation award?
In 2024, Hester Family Foundation awarded 3 grants totaling $1.3M — an average of about $435K per grant, based on its IRS Form 990 filings.
How much is Hester Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hester Family Foundation reported a distributable amount of $364K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hester Family Foundation's EIN?
Hester Family Foundation's EIN (Employer Identification Number) is 88-4350044. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Hester Family Foundation'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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