Hooker Foundation

DANVILLE, VA EIN: 23-7046126

Hooker Foundation is a private foundation, based in DANVILLE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $441K in total assets. In 2024, it awarded 21 grants totaling $43K. Net investment income was $10K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$441K

-7.7% YoY

Annual Giving

$43K

+14.7% YoY

Grant Count

+23.5% YoY

Avg Grant Size

$2K

-7.2% YoY

Under IRS private-foundation payout rules, Hooker Foundation reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.

About Hooker Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $178K (100%)

States

Virginia

Cities

BassettCollinsvilleDanvilleMartinsvilleRoanokeUnion Hall

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$441,478	$478,484	$509,816
Revenue	$13,709	$13,889	$-13,604
Expenses	$50,715	$45,221	$44,328
Qualifying Distributions	$46,076	$40,238	$39,254
Net Investment Income	$9,506	$9,607	$9,623
Distributable Amount	$39,701	$34,877	$35,237

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

86 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Martinsville Cemetary Assoc - Oakwood ($5,000), Spca of Martinsvillehenry County ($5,000), Bassett Cemetery Co Atlantic Union Bank ($3,000).

Recipient	Purpose	Amount
BASSETT CEMETERY CO ATLANTIC UNION BANK MARTINSVILLE, VA	UNRESTRICTED	$3,000
BASSETT HISTORICAL CENTER BASSETT, VA	UNRESTRICTED	$2,000
BLUE RIDGE REGIONAL LIBRARY FOUNDATION MARTINSVILLE, VA	UNRESTRICTED	$2,000
BOY SCOUTS OF AMERICA - PATRICK HENRY DISTRICT ROANOKE, VA	UNRESTRICTEDUNRESTRICTED	$1,500
BOYS & GIRLS CLUB OF THE BLUE RIDGE INC MARTINSVILLE, VA	UNRESTRICTED	$2,000
CARLISLE SCHOOL MARTINSVILLE, VA	UNRESTRICTED	$2,500
CARLISLE SCHOOL FACULTY ENDOWMENT MARTINSVILLE, VA	UNRESTRICTED	$2,000
CHRISTMAS CHEER MARTINSVILLE, VA	UNRESTRICTED	$1,000
EDWARDS ADULT DAY CARE MARTINSVILLE, VA	UNRESTRICTED	$1,500
GRACE NETWORK MARTINSVILLE, VA	UNRESTRICTEDUNRESTRICTED	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KATHERINE HOOKER BOAZ	DIRECTOR	1	—
ATLANTIC UNION BANK	TRUSTEE	2	$6,160

Frequently Asked Questions

How large is Hooker Foundation?

As of 2024, Hooker Foundation holds $441K in total assets with $14K in annual revenue. It awarded 21 grants totaling $43K in 2024.

Where does Hooker Foundation operate?

Hooker Foundation has awarded grants in Virginia.

What size grants does Hooker Foundation award?

In 2024, Hooker Foundation awarded 21 grants totaling $43K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Hooker Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hooker Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.