Hofmann Art 3 Charitable Trust Xxxxx8001

Foundation · Grantmaker CHICAGO, IL EIN: 13-7102174

Hofmann Art 3 Charitable Trust Xxxxx8001 is a private foundation focused on Arts, Culture & Humanities, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 2 grants totaling $145K. Net investment income was $130K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.0M

-1.7% YoY

Annual Giving

$145K

-9.4% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$73K

+35.9% YoY

Under IRS private-foundation payout rules, Hofmann Art 3 Charitable Trust Xxxxx8001 reported a distributable amount of $182K for 2024 — the minimum it must pay out in qualifying distributions.

About Hofmann Art 3 Charitable Trust Xxxxx8001

Based on IRS filings

Focus Areas

Arts, Culture & Humanities

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $757K (100%)

States

New York

Cities

AstoriaNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,959,810	$3,011,043	$2,928,622
Revenue	$158,593	$288,316	$147,253
Expenses	$205,943	$205,894	$211,086
Qualifying Distributions	$175,745	$182,403	$177,083
Net Investment Income	$130,176	$264,189	$120,553
Distributable Amount	$182,063	$166,876	$184,325

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include IndieSpace Inc ($95,000), Nami Nyc Metro ($50,000).

Recipient	Purpose	Amount
IndieSpace Inc Astoria, NY	GENERAL	$95,000
NAMI NYC METRO New York, NY	GENERAL	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JP MORGAN CHASE BANK N A	TRUSTEE	2	$47,112

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

What is Hofmann Art 3 Charitable Trust Xxxxx8001?

Hofmann Art 3 Charitable Trust Xxxxx8001 is a private foundation focused on Arts, Culture & Humanities, based in CHICAGO, IL. It holds $3.0M in total assets as of 2024.

How large is Hofmann Art 3 Charitable Trust Xxxxx8001?

As of 2024, Hofmann Art 3 Charitable Trust Xxxxx8001 holds $3.0M in total assets with $159K in annual revenue. It awarded 2 grants totaling $145K in 2024.

Where does Hofmann Art 3 Charitable Trust Xxxxx8001 operate?

Hofmann Art 3 Charitable Trust Xxxxx8001 has awarded grants in New York.

What size grants does Hofmann Art 3 Charitable Trust Xxxxx8001 award?

In 2024, Hofmann Art 3 Charitable Trust Xxxxx8001 awarded 2 grants totaling $145K — an average of about $73K per grant, based on its IRS Form 990 filings.

How much is Hofmann Art 3 Charitable Trust Xxxxx8001 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hofmann Art 3 Charitable Trust Xxxxx8001 reported a distributable amount of $182K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Hofmann Art 3 Charitable Trust Xxxxx8001's EIN?

Hofmann Art 3 Charitable Trust Xxxxx8001's EIN (Employer Identification Number) is 13-7102174. IRS Form 990 filing data is available on this page for 2020–2024.