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
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
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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
Among its reported 2024 grants, the largest include Baby Quest Foundation ($200,000), Bridge to Turkiye Scholarship Program ($150,000), Direct Relief ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADULT CONGENITAL HEART ASSOCIATION MEDIA, PA | GENERAL | $50,000 |
| AMERICAN KIDNEY FUND ROCKVILLE, MD | GENERAL | $50,000 |
| AMERICAN KIDNEY FUND ROCKVILLE, MD | GENERAL | $50,000 |
| AS YOU SOW PESTICIDE IN US FOOD SYSTEM BERKELEY, CA | GENERAL | $50,000 |
| BABY QUEST FOUNDATION LOS ANGELES, CA | GENERAL | $200,000 |
| BREAST CANCER RESEARCH FOUNDATION NEW YORK, NY | GENERAL | $5,000 |
| BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM CHAPEL HILL NC, NC | AMPUTEE PROJECT | $150,000 |
| BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM CHAPEL HILL NC, NC | AMPUTEE CENTER | $100,000 |
| CENTER FOR FAMILY SERVICES CAMDEN, NJ | GENERAL | $50,000 |
| COMMUNITY FOOD BANK OF NJ EGG HARBOR 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 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.
Explore Open Grants
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.
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