HFRX Foundation
HFRX Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 2 grants totaling $7K. Net investment income was $95K.
HFRX Foundation at a glance
In short: HFRX Foundation gave $7K across 2 grants in 2025 (avg $4K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,000
- -69.6% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $3,500
- -54.3% vs 2024
- Median grant
- $3,500
- Total assets
- $1,264,522
- +7.9% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who HFRX Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was The Margo Moreland Charitable Foundation ($5K). Together the top 2 received $7K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 18 grants of 19 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How HFRX Foundation gives
- Giving fell 86% from 2022 to 2025. Method
- In 2025 it paid out 11% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $7K (2025) to $592K (2020). In 2025 it made 2 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Margo Moreland Charitable Foundation Lake Bluff, IL | General Operating | $5,000 |
| Border Tails Rescue Northbrook, IL | General Operating | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,264,522 | $108,462 | $15,470 | $7,000 | 2 | $7,015 | $94,705 | $65,489 |
| 2024 | $1,171,530 | $28,178 | $30,886 | $23,000 | 3 | $25,015 | $22,307 | $65,929 |
| 2023 | $1,176,086 | $75,292 | $79,099 | $52,500 | 4 | $67,917 | $64,110 | $62,353 |
| 2022 | $1,179,893 | $56,372 | $67,168 | $51,500 | 6 | $55,930 | $45,334 | $64,842 |
| 2021 | $1,190,689 | $30,191 | $165,184 | $148,000 | 4 | $153,250 | $18,257 | $78,236 |
| 2020 | $1,325,682 | $-51,333 | $607,223 | $592,000 | 5 | — | $14,414 | $73,321 |
| 2019 | $1,984,238 | $56,515 | $68,739 | $51,710 | 2 | — | $42,163 | $101,473 |
Under IRS private-foundation payout rules, HFRX Foundation reported a distributable amount of $65K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
HFRX Foundation is led by Joseph G. Nicholas, President & Director on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joseph G. Nicholas
President & Director
On filings since 2019
0.2 hrs/week
No compensation reported
George F. Nicholas Jr.
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: John Nicholas (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about HFRX Foundation
How much does HFRX Foundation give each year?
HFRX Foundation gave $7K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 3 grants.
How large is HFRX Foundation?
HFRX Foundation reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does HFRX Foundation operate?
HFRX Foundation has awarded grants in California, Florida, Illinois, Rhode Island.
What is HFRX Foundation's EIN?
HFRX Foundation's EIN (Employer Identification Number) is 20-8018497. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
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Browse active grant opportunities in HFRX Foundation's focus areas in our free grants database
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