Hitz Foundation
Hitz Foundation is a private foundation, based in Palo Alto, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $79.5M in total assets. In 2024, it awarded 6 grants totaling $5.9M. Net investment income was $4.7M.
Hitz Foundation at a glance
In short: Hitz Foundation gave $5.9M across 6 grants in 2024 (avg $990K), mostly in Oregon. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,938,000
- +47.3% vs 2023
- Grants made (2024)
- 6
- -14.3% vs 2023
- Average grant
- $989,667
- +71.9% vs 2023
- Median grant
- $490,000
- Total assets
- $79,493,810
- -3.0% vs 2023
- Primary geography
- Oregon (61% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Hitz Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Oregon Shakespeare Festival ($3.6M). Together the top 6 received $5.9M.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was in the $50–100K range: 8 grants of 34 (24%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Hitz Foundation gives
- Giving grew 405% from 2021 to 2024. Method
- In 2024 it paid out 178% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $1.2M (2021) to $5.9M (2024). In 2024 it made 6 grants totaling $5.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oregon Shakespeare Festival Ashland, OR | ARTS | $3,600,000 |
| Global Digital Heritage New Port Richey, FL | Research | $1,208,000 |
| Pacunam | Scientific and Archaelogical Research | $730,000 |
| Maasai Wilderness Conservation Fund Santa Barbara, CA | Environment | $250,000 |
| Roosevelt Institute New York, NY | General Operating Support | $100,000 |
| Arizona State University Foundation Tempe, AZ | Education | $50,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $79,493,810 | $5,519,687 | $6,935,085 | $5,938,000 | 6 | $7,299,594 | $4,656,134 | $4,106,194 |
| 2023 | $81,954,765 | $6,939,175 | $5,044,772 | $4,031,000 | 7 | $4,427,765 | $1,367,752 | $3,826,313 |
| 2022 | $84,443,346 | $6,851,012 | $4,237,075 | $3,176,000 | 6 | $4,198,703 | $5,557,541 | $3,907,638 |
| 2021 | $81,569,670 | $9,419,394 | $1,895,590 | $1,175,000 | 4 | $2,179,961 | $7,950,912 | $3,691,485 |
| 2020 | $70,645,117 | $12,925,863 | $3,666,583 | $3,005,000 | 11 | — | $2,560,987 | $3,103,469 |
Under IRS private-foundation payout rules, Hitz Foundation reported a distributable amount of $4.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hitz Foundation is led by Kenneth Hitz, President on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Kenneth Hitz
President
On filings since 2020
30 hrs/week
$133K (2020) → $257K (2024)
David Hitz
Treasurer & Chairman
On filings since 2020
20 hrs/week
No compensation reported
Jasmine Berjikly
Secretary
New on the 2024 filing
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Kevin McAuliffe (2020–2023) — Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $257K, to Kenneth Hitz (President).
Frequently asked questions about Hitz Foundation
How much does Hitz Foundation give each year?
Hitz Foundation gave $5.9M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.0M across 7 grants.
What is Hitz Foundation's typical grant size?
Hitz Foundation's median grant in 2024 was $490,000, and its average grant was $989,667, across 6 grants on its 2024 IRS Form 990-PF.
Where does Hitz Foundation give grants?
Hitz Foundation gives mostly in Oregon: 61% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (20%).
Does Hitz Foundation give general operating support?
Yes: 17% of Hitz Foundation's 2024 grants with a stated purpose (1 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Hitz Foundation's largest grantees?
Hitz Foundation's largest 2024 grantees include Oregon Shakespeare Festival ($3,600,000), Global Digital Heritage ($1,208,000) and Pacunam ($730,000), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is Hitz Foundation?
Hitz Foundation reported $79.5M in total assets on its 2024 IRS Form 990-PF. It paid out $7.3M in qualifying distributions that year, against a required minimum of $4.1M (roughly 5% of its investment assets).
What is Hitz Foundation's EIN?
Hitz Foundation's EIN (Employer Identification Number) is 94-3379521. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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