Hite Family Foundation is a private foundation focused on Education, based in LONG LAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 4 grants totaling $7K. Net investment income was $13.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4K
-66.3% YoY
Annual Giving
$7K
-88.8% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$2K
-91.6% YoY
Under IRS private-foundation payout rules, Hite Family Foundation reported a distributable amount of $365 for 2024 — the minimum it must pay out in qualifying distributions.
About Hite Family Foundation
Based on IRS filings
Hite Family Foundation is a private foundation focused on Education, based in LONG LAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 4 grants totaling $7K. Net investment income was $13.
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 | $3,684 | $10,946 | $74,464 |
| Revenue | $38 | $64 | $22,814 |
| Expenses | $7,299 | $63,755 | $41,912 |
| Qualifying Distributions | $7,040 | $62,710 | $41,583 |
| Net Investment Income | $13 | $1,350 | $22,883 |
| Distributable Amount | $365 | $1,982 | $4,791 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Joel Gatimu Mumu ($2,810), Jane Wanja ($2,000), Mary Waithera ($1,260).
| Recipient | Purpose | Amount |
|---|---|---|
| Jane Wanja | College Scholarship for destitute student | $2,000 |
| Joel Gatimu Mumu | Scholarship for Destitute Student | $2,810 |
| Mary Waithera | Scholarship for destitute student | $1,260 |
| AC Sanchez | Scholarship for destitute student | $970 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Barbara A Hite | President | 1 | — |
| H Eugene Hite Jr | Secy Treasurer | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hite Family Foundation?
Hite Family Foundation is a private foundation focused on Education, based in LONG LAKE, MN. It holds $4K in total assets as of 2024.
How large is Hite Family Foundation?
As of 2024, Hite Family Foundation holds $4K in total assets with $38 in annual revenue. It awarded 4 grants totaling $7K in 2024.
Where does Hite Family Foundation operate?
Hite Family Foundation has awarded grants in California, Minnesota.
What size grants does Hite Family Foundation award?
In 2024, Hite Family Foundation awarded 4 grants totaling $7K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Hite Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hite Family Foundation reported a distributable amount of $365 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hite Family Foundation's EIN?
Hite Family Foundation's EIN (Employer Identification Number) is 20-8098507. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hite Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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