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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

6states

Cities

ClearwaterDenverFort LauderdaleHarlanJupiterLake WorthLakelandLakeworthLutzMiamiMiami BeachMiami ShoresNaplesOrlandoPalm Beach GardensPembroke PinesPhiladelphiaRockledgeSaddle BrookSaddlebrook

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.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$793K$2M$2M$3M20202021202220232024
Metric202420232022
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

$0$175K$350K$525K$700K33 grants202035 grants202131 grants202232 grants202334 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

CHILDREN'S HARBOR INC$30KDAWNING FAMILY SERVICES$30KEDUCATE TOMORROW$30KFAMILY PROMISE INC$30KACADEMY PREP CENTER OF T…$25KBOYS & GIRLS CLUBS OF MI…$25KCHAMPIONS FOR CHILDREN INC$25KCHARITY NAVIGATOR$25KGRACE PLACE FOR CHILDREN…$25KHEART GALLERY OF TAMPA INC$25K

Grant Size Distribution

165 grants across all recorded years

165<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Open Grants

1 open opportunity from Hobbs Foundation

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Russell Hobbs - Founder and President

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
RUSSELL HOBBSPRESIDENT/DIRECTOR1

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 Organizations

Subject Areas

Focus areas based on grantmaking activity

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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