Hopeworld Family Foundation Inc is a private foundation focused on Recreation & Sports, based in FREEHOLD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $583K in total assets. In 2024, it awarded 4 grants totaling $4K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$583K
+1.3% YoY
Annual Giving
$4K
+91.3% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$956.75
+43.5% YoY
Under IRS private-foundation payout rules, Hopeworld Family Foundation Inc reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
About Hopeworld Family Foundation Inc
Based on IRS filings
Hopeworld Family Foundation Inc is a private foundation focused on Recreation & Sports, based in FREEHOLD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $583K in total assets. In 2024, it awarded 4 grants totaling $4K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $582,581 | $575,280 | $524,152 |
| Revenue | $51,405 | $94,167 | $44,944 |
| Expenses | $45,943 | $44,284 | $43,906 |
| Qualifying Distributions | $45,865 | $44,233 | $43,879 |
| Net Investment Income | $4,698 | $5,609 | $3,703 |
| Distributable Amount | $38,386 | $30,212 | $25,911 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Scholarships to Maosen Vocational School ($2,777), 80-20 Educational Foundation Inc ($1,000), Freehold Township Independent Fire Company #1 Check on 12302023 ($25).
| Recipient | Purpose | Amount |
|---|---|---|
| 80-20 Educational Foundation Inc Newark, DE | Educational | $1,000 |
| Freehold Township Independent Fire Company #1 Check on 12302023 Freehold, NJ | Charitable | $25 |
| Scholarships to Maosen Vocational School | Educational | $2,777 |
| Tammy Murphy for US Senate NEW YORK, NY | Charitable | $25 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIAN WU | CEO | 2 | — |
| XIAOYIN TANG | CFO | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hopeworld Family Foundation Inc?
Hopeworld Family Foundation Inc is a private foundation focused on Recreation & Sports, based in FREEHOLD, NJ. It holds $583K in total assets as of 2024.
How large is Hopeworld Family Foundation Inc?
As of 2024, Hopeworld Family Foundation Inc holds $583K in total assets with $51K in annual revenue. It awarded 4 grants totaling $4K in 2024.
Where does Hopeworld Family Foundation Inc operate?
Hopeworld Family Foundation Inc has awarded grants in California, District of Columbia, Delaware, New Jersey, New York.
What size grants does Hopeworld Family Foundation Inc award?
In 2024, Hopeworld Family Foundation Inc awarded 4 grants totaling $4K — an average of about $956.75 per grant, based on its IRS Form 990 filings.
How much is Hopeworld Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hopeworld Family Foundation Inc reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hopeworld Family Foundation Inc's EIN?
Hopeworld Family Foundation Inc's EIN (Employer Identification Number) is 46-4348555. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Hopeworld Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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