Hofheimer-wright Foundation

VIRGINIA BEACH, VA EIN: 54-6036164

Hofheimer-wright Foundation is a private foundation, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 3 grants totaling $81K. Net investment income was $161K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

+4.5% YoY

Annual Giving

$81K

-11.0% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$27K

+18.6% YoY

Under IRS private-foundation payout rules, Hofheimer-wright Foundation reported a distributable amount of $121K for 2024 — the minimum it must pay out in qualifying distributions.

About Hofheimer-wright Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $399K (72%)

New Jersey $125K (22%)

Ohio $25K (4%)

New York $5K (1%)

California $3K (0%)

Massachusetts $500 (0%)

States

California Massachusetts New Jersey New York Ohio Virginia

Cities

CambridgeCanbridgeCantonHenricoLawrencevilleLittle NeckNorfolkPrincetonRichmondSan FranciscoVirginia BeachWilliamsburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,980,384	$1,894,457	$1,857,339
Revenue	$176,557	$142,019	$193,834
Expenses	$98,566	$107,819	$154,509
Qualifying Distributions	$81,250	$91,333	$138,750
Net Investment Income	$161,114	$127,907	$180,094
Distributable Amount	$120,584	$110,322	$110,899

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

47 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Princeton University ($51,250), The Valentine Museum ($25,000), St Stephen's Episcopal Church ($5,000).

Recipient	Purpose	Amount
PRINCETON UNIVERSITY PRINCETON, NJ	TO PROVIDE FINANCIAL SUPPORT	$51,250
THE VALENTINE MUSEUM RICHMOND, VA	TO PROVIDE FINANCIAL SUPPORT	$25,000
ST STEPHEN'S EPISCOPAL CHURCH RICHMOND, VA	TO PROVIDE FINANCIAL SUPPORT	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WESLEY WRIGHT JR	SECRETARY/TREASURER	—	—
ELISE H WRIGHT	PRESIDENT	—	—
ELISE P WRIGHT	DIRECTOR	—	—
WESLEY WRIGHT III	DIRECTOR	—	—

Frequently Asked Questions

How large is Hofheimer-wright Foundation?

As of 2024, Hofheimer-wright Foundation holds $2.0M in total assets with $177K in annual revenue. It awarded 3 grants totaling $81K in 2024.

Where does Hofheimer-wright Foundation operate?

Hofheimer-wright Foundation has awarded grants in California, Massachusetts, New Jersey, New York, Ohio, Virginia.

What size grants does Hofheimer-wright Foundation award?

In 2024, Hofheimer-wright Foundation awarded 3 grants totaling $81K — an average of about $27K per grant, based on its IRS Form 990 filings.

How much is Hofheimer-wright Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hofheimer-wright Foundation reported a distributable amount of $121K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.