Hobby Family Foundation is a private grantmaking foundation based in Houston, Texas, established in 1995. The foundation was founded by W.P. Hobby, Jr., a former Lieutenant Governor of Texas (1973), former president of The Houston Post, and chair of H&C Communications. As a 501(c)(3) organization, the foundation has been tax-exempt since March 1996.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+4.6% YoY
Annual Giving
$412K
-96.9% YoY
Grant Count
23
-70.9% YoY
Avg Grant Size
$18K
-89.5% YoY
Mission & Focus Areas
The foundation's primary giving focuses on:
- Education
- Environment
- Hospitals
- Human Services
- Philanthropy and Voluntarism
The foundation indicates broad philanthropic interests across multiple subject areas and geographic regions.
Grantmaking
The foundation appears open to new applicants, with approximately 12% of new applicants funded.
Grant Range
$500 to $6,228,721
Average Grant
amount: $650
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Geographic Focus
Where this funder awards grants
The foundation supports a wide range of geographic areas across the United States, including:
- Primary funding states: Texas, North Carolina, and Virginia
- Additional states supported: California, Colorado, Florida, Georgia, Illinois, Indiana, New Mexico, New York, Pennsylvania, Rhode Island
- Major cities funded: New York, Chicago, Dallas
- Smaller communities: Blowing Rock, Bokeelia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary:
- Total Assets: $4,666,707
- Total Revenue: $1,104,680
- Total Expenses: $13,653,020
- Total Liabilities: $0
- Investment Income and Dividends: $415,661
Giving Rate: 169.2% (expenses exceed assets, indicating the foundation is drawing down reserves)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,879,796 | $4,666,707 | $11,289,388 |
| Revenue | $699,077 | $1,104,680 | $1,039,179 |
| Expenses | $491,862 | $13,653,020 | $904,623 |
| Qualifying Distributions | $415,137 | $13,495,100 | $761,927 |
| Net Investment Income | $635,352 | $978,196 | $896,483 |
| Distributable Amount | $442,736 | $900,059 | $1,071,995 |
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
223 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Paul W. Hobby – Trustee & President (0.5 hours/week, uncompensated)
- Grace H. Grundy – Trustee, Secretary and Treasurer (0.5 hours/week, uncompensated)
- Janet M. Hobby – Trustee (uncompensated)
Staff:
- Cathy Leeson – Listed as in care of name
- The foundation operates with 0 employees
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL W HOBBY | TRUSTEE & PRESIDENT | 0.5 | — |
| GRACE H GRUNDY | TRUSTEE, SECRETARY AND TREASURER | 0.5 | — |
| JANET M HOBBY | TRUSTEE | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation's most recent tax filing was submitted in December 2023. The foundation profile was last updated in June 2025. The foundation continues to actively award grants across its designated program areas and geographic regions.
HOF Awards Grants to Fund Six More Projects - The Bass Fishing Hall Of FameSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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