Hfo Foundation
HFO Foundation is a private grantmaking foundation established in 1988 and based in Philadelphia, Pennsylvania. The foundation operates as a 501(c)(3) organization with a focus on philanthropic giving across multiple cause areas.
Key facts about Hfo Foundation
- EIN
- 23-6870251
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,520,000
- Grants made (2024)
- 39
- Average grant
- $64,615
- Median grant
- $50,000
- New grantees (estimate)
- 41% first-time grantees (14 of 34, 2024)
- Total assets
- $129,551,370
- Primary geography
- Pennsylvania (23% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Hfo Foundation funds
By grant dollars, the top recipient states for Hfo Foundation's 39 itemized 2024 grants were Pennsylvania (23%), California (17%) and District of Columbia (16%). The most frequent recipient cities were Washington, DC (4 grants), Bethlehem, PA (4 grants), Philadelphia, PA (4 grants) and Rockville, MD (3 grants). 87% of grants with a stated purpose were for general or operating support.
Is Hfo Foundation open to new grantees?
41%
first-time grantees, 2024
In 2024, 14 of 34 grantees (41%) were first-time recipients. First grants averaged $64K; repeat grants $81K. How we count
Medians: $50K first-time, $50K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving grew 77% from 2021 to 2024. Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$129.6M
+309.5% YoY
Annual Giving
$2.5M
+11.2% YoY
Grant Count
39
+34.5% YoY
Avg Grant Size
$65K
-17.3% YoY
Under IRS private-foundation payout rules, Hfo Foundation reported a distributable amount of $3.1M for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
HFO Foundation is an active grantmaker with a demonstrated commitment to both general charitable purposes and disaster relief efforts.
Grant Range
$15,000 to $592,800
Average Grant
in general programs: $46,913
Ready to take the next step with Hfo Foundation?
Geographic Focus
Where this funder awards grants
The foundation funds nationally and internationally, with demonstrated support for disaster relief efforts across multiple regions and countries.
Grant Distribution by State
Share of all 39 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of November 2024:
- Total assets: $129,551,370
- Total revenues: $119,588,323
- Total expenses: $2,779,750
- Number of employees: 1
As of November 2023:
- Total assets: $31,633,048
- Total revenues: $2,453,029
- Total expenses: $2,338,113
- Giving rate: 8.6%
Revenue Composition (FY 2024):
- Grants and contributions: $117,195,678
- Investment income and dividends: $838,857
- Net gain from sale of non-inventory assets: $1,553,788
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $129,551,370 | $31,633,048 | $21,173,541 |
| Revenue | $119,588,323 | $2,453,029 | $6,108,072 |
| Expenses | $2,779,750 | $2,338,113 | $1,689,999 |
| Qualifying Distributions | $2,547,422 | $2,278,392 | $1,385,676 |
| Net Investment Income | $2,245,317 | $543,520 | $1,714,679 |
| Distributable Amount | $3,133,495 | $1,485,630 | $963,579 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
146 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Bridge to Turkiye Scholarship Program ($250,000 across 2 grants), World Central Kitchen ($250,000 across 2 grants), Lehigh Valley Wrestling Club ($245,000 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| BABY QUEST FOUNDATION LOS ANGELES, CA | GENERAL | $200,000 |
| BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM CHAPEL HILL NC, NC | AMPUTEE PROJECT | $150,000 |
| DIRECT RELIEF SANTA BARBARA, CA | HURRICANE HELENE RECOVERY | $150,000 |
| WORLD CENTRAL KITCHEN WASHINGTON, DC | HURRICANE HELENE RECOVERY | $150,000 |
| LEHIGH VALLEY WRESTLING CLUB BETHLEHEM, PA | GENERAL | $140,000 |
| LEHIGH VALLEY WRESTLING CLUB BETHLEHEM, PA | GENERAL | $105,000 |
| BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM CHAPEL HILL NC, NC | AMPUTEE CENTER | $100,000 |
| COMMUNITY FOOD BANK OF NJ EGG HARBOR TOWNSHIP, NJ | GENERAL | $100,000 |
| LEHIGH VALLEY ATHLETIC CLUB BETHLEHEM, PA | GENERAL | $100,000 |
| MAKE A WISH FOUNDATION NEW JERSEY MONROE TOWNSHIP, NJ | GENERAL | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Debra Harmon, Trustee
- Wendy Harmon, Trustee
- Nicole Abdo, Trustee
- Elaine Harmon (supporter)
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Debra Harmon | Trustee | 1 | — |
| Wendy Harmon | Trustee | 1 | — |
| Nicole Abdo-Paek | Trustee | 10 | $85,000 |
| Daniel Gironda | Trustee | 1 | — |
Contact Information
Address: 1650 Market Street, Suite 1200 Philadelphia, PA 19103
Phone: 215-575-7000
Frequently Asked Questions
How do I apply for a grant from Hfo Foundation?
HFO Foundation is an active grantmaker with a demonstrated commitment to both general charitable purposes and disaster relief efforts. **Grant Activity:** • Made 20 grants in 2024, totaling approximately $1.71 million • Made 70 grants in 2023, totaling $2.28 million • Grant range: $15,000 to $592,800 • Median grant amount: $50,000 • Average grant size in general programs: $46,913 **Funding Areas:** The foundation supports multiple program areas including: • General charitable purposes • Disaste…
Where does Hfo Foundation make grants?
The foundation funds nationally and internationally, with demonstrated support for disaster relief efforts across multiple regions and countries.
What size grants does Hfo Foundation award?
In 2024, Hfo Foundation awarded 39 grants totaling $2.5M — an average of about $65K per grant, based on its IRS Form 990 filings.
How much is Hfo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hfo Foundation reported a distributable amount of $3.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hfo Foundation's EIN?
Hfo Foundation's EIN (Employer Identification Number) is 23-6870251. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Hfo Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.