Hey Friend Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RED BANK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it made $900K in qualifying distributions. Net investment income was $35K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+182.7% YoY
Revenue
$1.0M
+11.3% YoY
Qualifying Distributions
$900K
-1.0% YoY
Expenses
$939K
-1.0% YoY
Under IRS private-foundation payout rules, Hey Friend Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Hey Friend Foundation Inc
Based on IRS filings
Hey Friend Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RED BANK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it made $900K in qualifying distributions. Net investment income was $35K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,055,638 | $373,347 | $427,365 |
| Revenue | $1,006,964 | $904,789 | $1,000,000 |
| Expenses | $939,387 | $949,074 | $1,047,191 |
| Qualifying Distributions | $899,550 | $908,571 | $996,152 |
| Net Investment Income | $34,564 | — | — |
| Distributable Amount | $28,573 | $5,450 | $4,982 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DORR BEGNAL | BOARD TRUSTEE | 5 | — |
| JON STEWART | BOARD TRUSTEE | 15 | — |
| TRACEY STEWART | BOARD CHAIR/ PRESIDENT | 25 | — |
| VYOLET KACHISIN | SECRETARY/TREASURER | 25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hey Friend Foundation Inc?
Hey Friend Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RED BANK, NJ. It holds $1.1M in total assets as of 2024.
How large is Hey Friend Foundation Inc?
As of 2024, Hey Friend Foundation Inc holds $1.1M in total assets with $1.0M in annual revenue.
Where does Hey Friend Foundation Inc operate?
Hey Friend Foundation Inc has awarded grants in New Jersey.
How much is Hey Friend Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hey Friend Foundation Inc reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hey Friend Foundation Inc's EIN?
Hey Friend Foundation Inc's EIN (Employer Identification Number) is 83-2066616. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Hey Friend 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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