Hobbs Foundation
Hobbs Foundation is a private foundation, based in Waco, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $578K in total assets. In 2025, it awarded 6 grants totaling $26K. Net investment income was $17K.
Hobbs Foundation at a glance
In short: Hobbs Foundation gave $26K across 6 grants in 2025 (avg $4K), top state District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $26,200
- +138.2% vs 2024
- Grants made (2025)
- 6
- +200.0% vs 2024
- Average grant
- $4,367
- -20.6% vs 2024
- Median grant
- $3,500
- Total assets
- $577,686
- -2.3% vs 2024
- Primary geography
- District of Columbia (43% 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 Hobbs Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Museum of the Bible ($11K). Together the top 6 received $26K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Hobbs Foundation gives
- Giving grew 148% from 2022 to 2025. Method
- In 2025 it paid out 110% 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 2025, annual grant giving ranged from $11K (2022) to $40K (2020). In 2025 it made 6 grants totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Museum of the Bible Washington, DC | Contribution for Exempt Purpose | $11,200 |
| Christ the King Church Waco, TX | Contribution for Exempt Purpose | $5,000 |
| Holy Land Missions Springfield, MO | Contribution for Exempt Purpose | $5,000 |
| Beautiful Feet Ministries Fort Worth, TX | Contribution for Exempt Purpose | $2,000 |
| Kerygma Ventures Colleyville, TX | Contribution for Exempt Purpose | $2,000 |
| Christian Broadcasting Network Virginia Beach, VA | Contribution for Exempt Purpose | $1,000 |
Ready to take the next step with Hobbs Foundation?
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 | $577,686 | $22,280 | $35,625 | $26,200 | 6 | $30,184 | $17,243 | $27,479 |
| 2024 | $591,031 | $17,735 | $18,063 | $11,000 | 2 | $12,673 | $12,345 | $26,671 |
| 2023 | $591,359 | $12,223 | $23,888 | $15,500 | 3 | $18,668 | $7,113 | $16,741 |
| 2022 | $603,024 | $22,636 | $19,247 | $10,581 | 5 | $14,219 | $8,562 | $17,609 |
| 2021 | $599,635 | $82,208 | $33,131 | $27,698 | 10 | $27,698 | $24,016 | $20,110 |
| 2020 | $550,558 | $83,227 | $46,261 | $40,290 | 11 | — | $8,291 | $36,493 |
Under IRS private-foundation payout rules, Hobbs Foundation reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hobbs Foundation is led by Carey Hobbs, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Carey Hobbs
President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hobbs Foundation
How much does Hobbs Foundation give each year?
Hobbs Foundation gave $26K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 2 grants.
What is Hobbs Foundation's typical grant size?
Hobbs Foundation's median grant in 2025 was $3,500, and its average grant was $4,367, across 6 grants on its 2025 IRS Form 990-PF.
Where does Hobbs Foundation give grants?
Hobbs Foundation's top state is District of Columbia, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Texas (34%) and Missouri (19%).
Who are Hobbs Foundation's largest grantees?
Hobbs Foundation's largest 2025 grantees include Museum of the Bible ($11,200), Christ the King Church ($5,000) and Holy Land Missions ($5,000), according to its 2025 IRS Form 990-PF. Together they received 81% of its itemized 2025 grant dollars.
How large is Hobbs Foundation?
Hobbs Foundation reported $578K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $27K (roughly 5% of its investment assets).
What is Hobbs Foundation's EIN?
Hobbs Foundation's EIN (Employer Identification Number) is 74-2587600. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 18, 2026)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Texas
Texas Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Hobbs Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Margaret CB & S Spencer N Brown
Temple, TX
The foundation supports maintenance of three historical cemeteries and gives to charities working in areas such as food assistance, homelessness, history, arts, and human trafficking response. In 2025, grants ranged from $1,000 to $50,000, with a median of $5,000; most funding went to Texas, followed by Washington, Virginia, and Mississippi. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$4.4M
Grants
18
Total Given
$163K
Clifton Foundation
Waco, TX
Based in Waco, Texas, the Clifton Foundation supports a range of charitable work, including human services, education, community improvement, culture, and animal welfare, with most of its 2024 giving going to Texas organizations. Grants ranged from $75 to $21,000, with a median of $1,000. It accepts requests for consideration, asking applicants to submit an outline of charitable activities or programs and an IRS tax-exemption letter; the deadline is September 1.
Assets
$3.7M
Grants
45
Total Given
$123K
Cooper Foundation
Waco, TX
The Cooper Foundation funds Waco, Texas, nonprofits and government agencies working in education, health, arts and culture, community building, social services, and services for older adults; projects must have programming and staff in Waco. Recent grants ranged from $10,000 to $316,978, with a median of $44,780. It accepts unsolicited online grant inquiries on an ongoing basis, and organizations may apply once a year; full proposals are by invitation only.
Assets
$102.6M
Grants
24
Total Given
$2.1M
The McClane Brown Family Foundation
Waco, TX
Assets
$1.9M
Grants
37
Total Given
$100K
Bernard & Audre Rapoport Foundation
Waco, TX
The Bernard & Audre Rapoport Foundation funds arts and culture, community services, civic participation, education, and health, with particular attention to basic needs and resilience. Its 2025 grants ranged from $10,000 to $336,733, with a median of about $26,500; it supports Waco-area work as well as selected projects elsewhere in Texas and the U.S. It accepts letters of inquiry during two open cycles each year, and full applications are by invitation.
Assets
$64.9M
Grants
41
Total Given
$2.0M
Greater Houston Community Foundation
Houston, TX
The Foundation makes grants through donor-advised and other donor-established funds for public benefit, human services, education, and health, including initiatives addressing economic mobility and poverty in Harris County. In 2024, its median grant was $25,000; it serves Greater Houston, while grants also go to recipients elsewhere in Texas and beyond. It does not accept proposals for the upcoming High-Impact Grantmaking cycle and plans to invite selected organizations or collaboratives to apply.
Assets
$1.1B
Grants
1,724
Total Given
$232.3M
More similar funders
More Funders in Texas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Hobbs Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Hobbs Foundation down — hundreds of funders to go?