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.
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
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
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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
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 |
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
No grants recorded for .
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 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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