Hobart & Lottie Faulkner Foundation
Hobart & Lottie Faulkner Foundation is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 8 grants totaling $112K. Net investment income was $738K.
Hobart & Lottie Faulkner Foundation at a glance
In short: Hobart & Lottie Faulkner Foundation gave $112K across 8 grants in 2025 (avg $14K), top state Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $112,000
- -24.5% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $14,000
- -24.5% vs 2024
- Median grant
- $5,600
- Total assets
- $3,340,872
- +21.2% vs 2024
- Primary geography
- Maryland (40% 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 Hobart & Lottie Faulkner Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was American Cancer Society ($45K). Together the top 8 received $112K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 36 grants of 40 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Hobart & Lottie Faulkner Foundation gives
- Giving fell 33% from 2022 to 2025. Method
- In 2025 it paid out 63% 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 $112K (2025) to $186K (2023). In 2025 it made 8 grants totaling $112K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society Hagerstown, MD | Medical | $44,800 |
| American Heart Assn St Petersburg, FL | Medical | $28,000 |
| City of Hope Duarte, CA | Medical | $14,560 |
| Arthritis Foundation Atlanta, GA | Medical | $5,600 |
| Azusa Pacific University Azusa, CA | Education | $5,600 |
| Pepperdine University Malibu, CA | Education | $5,600 |
| University of Findlay Findlay, OH | Education | $5,600 |
| La Breakfast Club Fdn Los Angeles, CA | Charitable | $2,240 |
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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 | $3,340,872 | $769,711 | $186,172 | $112,000 | 8 | $146,741 | $738,140 | $233,803 |
| 2024 | $2,756,446 | $357,251 | $209,432 | $148,400 | 8 | $178,160 | $326,599 | $217,652 |
| 2023 | $2,608,219 | $-50,257 | $241,366 | $185,700 | 8 | $213,185 | $89,122 | $195,770 |
| 2022 | $2,900,219 | $105,501 | $224,654 | $166,964 | 8 | $194,623 | $84,946 | $194,506 |
| 2021 | $3,020,576 | $259,047 | $224,889 | $157,500 | 8 | $187,208 | $228,582 | $218,165 |
| 2020 | $2,986,168 | $296,351 | $230,800 | $176,500 | 8 | — | $268,917 | $189,742 |
| 2019 | $2,918,930 | $51,107 | $226,834 | $171,785 | 8 | — | $90,776 | $192,638 |
Under IRS private-foundation payout rules, Hobart & Lottie Faulkner Foundation reported a distributable amount of $234K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hobart & Lottie Faulkner Foundation's only listed officer is US Bank NA, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
US Bank NA
Trustee
On filings since 2023
12 hrs/week
$50K (2023) → $60K (2025)
Former officers (1)
- Former: Union Bank (2019–2022) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $60K, to US Bank NA (Trustee).
Frequently asked questions about Hobart & Lottie Faulkner Foundation
How much does Hobart & Lottie Faulkner Foundation give each year?
Hobart & Lottie Faulkner Foundation gave $112K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $148K across 8 grants.
What is Hobart & Lottie Faulkner Foundation's typical grant size?
Hobart & Lottie Faulkner Foundation's median grant in 2025 was $5,600, and its average grant was $14,000, across 8 grants on its 2025 IRS Form 990-PF.
Where does Hobart & Lottie Faulkner Foundation give grants?
Hobart & Lottie Faulkner Foundation's top state is Maryland, with 40% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (25%) and California (25%).
Does Hobart & Lottie Faulkner Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Hobart & Lottie Faulkner Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Medical" (4 grants) and "Education" (3 grants).
Who are Hobart & Lottie Faulkner Foundation's largest grantees?
Hobart & Lottie Faulkner Foundation's largest 2025 grantees include American Cancer Society ($44,800), American Heart Assn ($28,000) and City of Hope ($14,560), according to its 2025 IRS Form 990-PF. Together they received 78% of its itemized 2025 grant dollars.
How large is Hobart & Lottie Faulkner Foundation?
Hobart & Lottie Faulkner Foundation reported $3.3M in total assets on its 2025 IRS Form 990-PF. It paid out $147K in qualifying distributions that year, against a required minimum of $234K (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.
What is Hobart & Lottie Faulkner Foundation's EIN?
Hobart & Lottie Faulkner Foundation's EIN (Employer Identification Number) is 95-4446743. 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 March 23, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 27, 2024)
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