The Hobbs Foundation is a private grantmaking foundation established in 2003 by Russell Hobbs and the Hobbs family. The foundation was created to continue the charitable work of Mr. Hobbs' former company, Blue Ocean Software (now BMC Software). The organization is headquartered in Reston, Virginia and operates as a 501(c)(3) nonprofit entity.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.8M
+18.1% YoY
Annual Giving
$700K
+7.7% YoY
Grant Count
34
+6.3% YoY
Avg Grant Size
$21K
+1.4% YoY
Under IRS private-foundation payout rules, Hobbs Foundation reported a distributable amount of $849K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Hobbs Foundation's mission is to form state-wide partnerships with nonprofit organizations committed to improving the lives of children in Florida. The foundation creates meaningful opportunities and provides vital community-based supports that inspire lasting achievement, foster healthy development, and promote a sense of belonging.
The foundation collaborates directly with nonprofit partners to identify programmatic strategies in response to the needs of at-risk children, working to bridge the gap between wider systems of services and community-based stakeholders to establish pathways to success for children and families.
Core Grantmaking Initiatives:
Child Welfare: Focuses on safeguarding emotional well-being, promoting healthy connections, and ensuring economic sustainability for at-risk families in Florida. Supports interventions including home visiting, early childhood health, and parenting skills.
Intervention and Prevention: Targets issues such as substance abuse, mental health, and economic instability that impact children and families in Florida by providing support for prevention programs and services.
The foundation prioritizes partnerships with charitable organizations that have demonstrated evidence-based outcomes, long-term impact, and financial sustainability in improving the well-being of children.
Grantmaking
The foundation offers grants to nonprofit organizations serving underprivileged children. Grant amounts of $10,000 have been documented in recent funding announcements.
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Geographic Focus
Where this funder awards grants
The Hobbs Foundation focuses its grantmaking on Florida, with particular emphasis on state-wide partnerships. The foundation originally began by supporting organizations in the Tampa Bay community before expanding to establish partnerships with charitable organizations across the state of Florida.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $10.8 million
- Total Revenue: $1.23 million
- Total Expenses: $861,000
- Total Liabilities: $0
The foundation maintains a strong financial position with no outstanding liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,786,659 | $10,831,187 | $10,458,184 |
| Revenue | $2,885,179 | $1,233,550 | $1,343,180 |
| Expenses | $929,707 | $860,547 | $829,484 |
| Qualifying Distributions | $870,313 | $829,920 | $776,067 |
| Net Investment Income | $2,774,977 | $1,147,313 | $1,275,922 |
| Distributable Amount | $849,391 | $721,166 | $689,711 |
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
165 grants across all recorded years
Open Grants
1 open opportunity from Hobbs Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Children's Harbor Inc ($30,000), Dawning Family Services ($30,000), Educate Tomorrow ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACADEMY PREP CENTER OF TAMPA INC TAMPA, FL | PROJECT SUPPORT | $25,000 |
| BIG BROTHERS BIG SISTERS OF TAMPA BAY INC TAMPA, FL | PROJECT SUPPORT | $20,000 |
| BOYS & GIRLS CLUBS OF CENTRAL FLORIDA INC ORLANDO, FL | PROJECT SUPPORT | $10,000 |
| BOYS & GIRLS CLUBS OF MIAMI-DADE INC MIAMI, FL | PROJECT SUPPORT | $25,000 |
| BOYS & GIRLS CLUBS OF PALM BEACH COUNTY INC WEST PALM BEACH, FL | PROJECT SUPPORT | $10,000 |
| BOYS & GIRLS CLUBS OF TAMPA BAY TAMPA, FL | PROJECT SUPPORT | $20,000 |
| CENTER FOR CHILD COUNSELING INC PALM BEACH GARDENS, FL | PROJECT SUPPORT | $10,000 |
| CHAMPIONS FOR CHILDREN INC TAMPA, FL | PROJECT SUPPORT | $25,000 |
| CHAPMAN PARTNERSHIP INC MIAMI, FL | PROJECT SUPPORT | $20,000 |
| CHARITY NAVIGATOR HARLAN, IA | PROJECT SUPPORT | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Russell Hobbs - Founder and President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RUSSELL HOBBS | PRESIDENT/DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The Hobbs Foundation of Tampa Bay has offered $10,000 grants to local organizations serving underprivileged children in recent funding announcements.
The Hobbs Foundation of Tampa Bay Offers $10,000 Grants to Local OrganizationsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Hobbs Foundation fund?
The Hobbs Foundation's mission is to form state-wide partnerships with nonprofit organizations committed to improving the lives of children in Florida. The foundation creates meaningful opportunities and provides vital community-based supports that inspire lasting achievement, foster healthy development, and promote a sense of belonging. The foundation collaborates directly with nonprofit partners to identify programmatic strategies in response to the needs of at-risk children, working to bridg…
How do I apply for a grant from Hobbs Foundation?
The foundation offers grants to nonprofit organizations serving underprivileged children. Grant amounts of $10,000 have been documented in recent funding announcements. The foundation supports programs that advance security and resiliency for children and families while providing access to comprehensive supports, mentorship, and opportunities that foster positive values in underserved youth. **Current Grantee Partnerships Include:** • Junior Achievement of Tampa Bay • Kids in Distress
Where does Hobbs Foundation make grants?
The Hobbs Foundation focuses its grantmaking on Florida, with particular emphasis on state-wide partnerships. The foundation originally began by supporting organizations in the Tampa Bay community before expanding to establish partnerships with charitable organizations across the state of Florida.
What size grants does Hobbs Foundation award?
In 2024, Hobbs Foundation awarded 34 grants totaling $700K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Hobbs Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hobbs Foundation reported a distributable amount of $849K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hobbs Foundation's EIN?
Hobbs Foundation's EIN (Employer Identification Number) is 52-2287607. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hobbs Foundation's focus areas in our free grants database
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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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