Hilary Boone Foundation Inc
Hilary Boone Foundation Inc is a private foundation based in Lexington, Kentucky. Established in 1997, the foundation operates as a non-operating private foundation with a focus on grantmaking to charitable organizations across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.6M
-2.5% YoY
Annual Giving
$903K
-1.9% YoY
Grant Count
69
+9.5% YoY
Avg Grant Size
$13K
-10.4% YoY
Under IRS private-foundation payout rules, Hilary Boone Foundation Inc reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not publicly specify a formal mission statement. However, based on its grantmaking patterns, the foundation supports organizations in the following areas:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Cancer research and support
- History and cultural institutions
- Parks and recreation
Grantmaking
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited applications.
Grant Range
s:**
Average Grant
award: $15,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Kentucky, with additional grantmaking in:
- Florida
- Virginia
- New Jersey
- Colorado
- Maryland
- Ohio
- New York
- Washington, D.C.
Grantmaking is concentrated in Kentucky, Florida, and Virginia, which account for approximately 81% of all grants. The foundation has supported 95 unique organizations across 13 states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $11,894,939
- Total Revenues: $1,145,299
- Total Expenses: $1,025,074
- Investment Income and Dividends: $273,634
- Total Giving: $920,000
Asset Growth: Total assets have grown from $4.1 million in 2011 to $11.9 million in 2023.
Staffing: The foundation operates with 0 employees; all leadership roles are filled by volunteer board members.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,593,362 | $11,894,939 | $11,797,832 |
| Revenue | $734,256 | $1,145,299 | $-115,852 |
| Expenses | $1,027,398 | $1,025,074 | $1,140,818 |
| Qualifying Distributions | $902,508 | $923,758 | $1,006,524 |
| Net Investment Income | $626,278 | $1,051,012 | $114,107 |
| Distributable Amount | $1,014,911 | $868,376 | $914,444 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lexington Challenger Tennis Charity ($40,000), Florida Coalition for Preservation ($25,000), Lexington Humane Society ($23,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ACHIEVEMENT CENTERS FOUNDATION OF DELRAY BEACH DELRAY BEACH, FL | SUBSIDY | $1,000 |
| AIRCRAFT OWNERS & PILOTS ASSOCATION FREDERICK, MD | SUBSIDY | $10,000 |
| AMERICAN JEWISH COMMITTEE NEW YORK, NY | SUBSIDY | $10,000 |
| ASHLAND TERRACE LEXINGTON, KY | SUBSIDY | $5,000 |
| BABY HEALTH SERVICES LEXINGTON, KY | SUBSIDY | $1,000 |
| BLUEGRASS CARE NAVIGATORS (HOSPICE) LEXINGTON, KY | SUBSIDY | $10,000 |
| BLUEGRASS COMMUNITY FOUNDATION LEXINGTON, KY | SUBSIDY | $4,000 |
| BLUEGRASS COUNCIL OF THE BLIND LEXINGTON, KY | SUBSIDY | $5,000 |
| BLUEGRASS LAND CONSERVANCY LEXINGTON, KY | SUBSIDY | $10,000 |
| BLUEGRASS TRUST LEXINGTON, KY | SUBSIDY | $3,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Samuel A B Boone – President and Treasurer (volunteer, no compensation)
- Alyce B Hoskins – Vice President (volunteer, no compensation)
- Dowell Hoskins – Director (volunteer, no compensation)
The foundation is governed by 3 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SAMUEL AB BOONE | PRESIDENT/TREASURER | 0.25 | — |
| ALYCE B HOSKINS | VICE PRESIDENT | 0.25 | — |
| DOWELL HOSKINS | DIRECTOR | 0.25 | — |
Contact Information
- Address: 1824 Walnut Hill Rd, Lexington, KY 40515
- Phone: (859) 259-9600
- EIN: 61-1249175
- IRS Tax-Exempt Status: November 1993
Frequently Asked Questions
What does Hilary Boone Foundation Inc fund?
The foundation does not publicly specify a formal mission statement. However, based on its grantmaking patterns, the foundation supports organizations in the following areas: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Cancer research and support • History and cultural institutions • Parks and recreation
How do I apply for a grant from Hilary Boone Foundation Inc?
**Grant Activity:** • Made 63 grants in the most recent fiscal year • Total grants distributed: $920,000 in 2023 • Historical grantmaking: 244 grants totaling $3.6 million across available records (2020-2023) • Annual distribution range: $815,000 to $1,000,000 **Grant Sizes:** • Individual grants range from $500 to $250,000 • Average grant award: $15,000 • Median grant: $5,000 **Recent Notable Grants (2023):** • Lexington School: $125,000 • University of Kentucky Markey Cancer Foundation: $65,0…
Where does Hilary Boone Foundation Inc make grants?
The foundation primarily supports organizations in Kentucky, with additional grantmaking in: • Florida • Virginia • New Jersey • Colorado • Maryland • Ohio • New York • Washington, D.C. Grantmaking is concentrated in Kentucky, Florida, and Virginia, which account for approximately 81% of all grants. The foundation has supported 95 unique organizations across 13 states.
What size grants does Hilary Boone Foundation Inc award?
In 2024, Hilary Boone Foundation Inc awarded 69 grants totaling $903K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Hilary Boone Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hilary Boone Foundation Inc reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hilary Boone Foundation Inc's EIN?
Hilary Boone Foundation Inc's EIN (Employer Identification Number) is 61-1249175. IRS Form 990 filing data is available on this page for 2020–2024.
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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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