Hiscox Foundation Usa is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PO BOX CHI, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 1 grants totaling $567K. Net investment income was $144K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+44.5% YoY
Annual Giving
$567K
+108.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$567K
+108.6% YoY
Under IRS private-foundation payout rules, Hiscox Foundation Usa reported a distributable amount of $189K for 2024 — the minimum it must pay out in qualifying distributions.
About Hiscox Foundation Usa
Based on IRS filings
Hiscox Foundation Usa is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PO BOX CHI, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 1 grants totaling $567K. Net investment income was $144K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,310,504 | $1,599,332 | $1,799,123 |
| Revenue | $1,315,044 | $95,511 | $442,813 |
| Expenses | $602,279 | $298,225 | $251,147 |
| Qualifying Distributions | $591,719 | $289,921 | $242,886 |
| Net Investment Income | $144,484 | $65,898 | $57,630 |
| Distributable Amount | $189,320 | $142,015 | $137,841 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Schedule ($567,312).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED SCHEDULE SEE ATTACHED SCHEDULE, IL | GENERAL SUPPORT | $567,312 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL KOVAC | PRESIDENT | 1 | — |
| HAYLEY SUSINO | BOARD MEMBER | 1 | — |
| BRYAN STEWART | TREASURER | 1 | — |
| SEAN DRUMM | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hiscox Foundation Usa?
Hiscox Foundation Usa is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PO BOX CHI, IL. It holds $2.3M in total assets as of 2024.
How large is Hiscox Foundation Usa?
As of 2024, Hiscox Foundation Usa holds $2.3M in total assets with $1.3M in annual revenue. It awarded 1 grants totaling $567K in 2024.
Where does Hiscox Foundation Usa operate?
Hiscox Foundation Usa has awarded grants in Illinois.
What size grants does Hiscox Foundation Usa award?
In 2024, Hiscox Foundation Usa awarded 1 grants totaling $567K — an average of about $567K per grant, based on its IRS Form 990 filings.
How much is Hiscox Foundation Usa required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hiscox Foundation Usa reported a distributable amount of $189K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hiscox Foundation Usa's EIN?
Hiscox Foundation Usa's EIN (Employer Identification Number) is 20-8608776. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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