Hoven Family Foundation Inc

Private foundation · Grantmaker Cleveland, OH EIN: 59-3443878

Hoven Family Foundation Inc is a private foundation, based in Cleveland, OH. IRS filing data is available from 2019 through 2023. In 2023, it awarded 3 grants totaling $840K.

Key facts about Hoven Family Foundation Inc

In short: Hoven Family Foundation Inc gave $840K across 3 grants in 2023 (avg $280K), mostly in Florida. Source: 2023 IRS Form 990-PF.

EIN
59-3443878
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$839,733
Grants made (2023)
3
Average grant
$279,911
Median grant
$29,442
Primary geography
Florida (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$840K

+1347.8% YoY

Grant Count

3

-81.3% YoY

Avg Grant Size

$280K

+7621.7% YoY

Under IRS private-foundation payout rules, Hoven Family Foundation Inc reported a distributable amount of $16K for 2023 — the minimum it must pay out in qualifying distributions.

How Hoven Family Foundation Inc gives

  • Giving grew 2299% from 2020 to 2023. Method
  • In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

13states

Share of 2023 grant dollars across all 3 itemized grants.

Cities

BrunswickClevelandAuburnDothanOrlandoMemphisNew YorkSan YsidroSavannahSt Simons IslandWashingtonAbileneAtlantaClarksvilleCleveland HeightsCuyahoga FallsHighland ParkLagrangePhiladelphiaPointe Vedra

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M18 grants2019 17 grants2020 16 grants2021 16 grants2022 3 grants2023

From 2019 to 2023, annual grant giving ranged from $22K (2021) to $840K (2023). In 2023 it made 3 grants totaling $840K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2023

Schwab Charitable: $840K across 3 grantsSchwab Charitable$840K · 3 grants

The largest 2023 recipient was Schwab Charitable ($840K across 3 grants).

Grant Size Distribution

70 grants across all recorded years

69<$50K$50–100K$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 69 grants of 70 (99%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Schwab Charitable Orlando, FLGeneral Purpose$805,138
Schwab Charitable Orlando, FLGeneral Purpose$29,442
Schwab Charitable Orlando, FLGeneral Purpose$5,153

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2019 2020 2021 2022 2023
Metric202320222021
Total Assets—$840,327$969,847
Revenue$1,241$-66,482$110,813
Expenses$841,568$62,770$34,668
Qualifying Distributions$839,733$58,061$21,561
Net Investment Income—$20,014$97,706
Distributable Amount$16,467$57,464$63,400

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS June 4, 2020)
  2. IRS filings on file for fiscal years 2020–2023

Leadership & Key People

Officers and directors from IRS filings

Hoven Family Foundation Inc is led by D. Dwayne Hoven, President on every filing since 2019; none of the 3 officers listed in 2023 report compensation.

Officers on the 2023 filing

  • D. Dwayne Hoven

    President

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Thomas A. Seifert

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Mary M. Hoven

    Secretary & Treasurer

    On filings since 2019

    2 hrs/week

    No compensation reported

Former officers (1)
  • Former: Mark C. Hoven (2019) — Trustee

Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Hoven Family Foundation Inc

How much does Hoven Family Foundation Inc give each year?

Hoven Family Foundation Inc gave $840K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $58K across 16 grants.

What is Hoven Family Foundation Inc's typical grant size?

Hoven Family Foundation Inc's median grant in 2023 was $29,442, and its average grant was $279,911, across 3 grants on its 2023 IRS Form 990-PF.

Where does Hoven Family Foundation Inc give grants?

Hoven Family Foundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Orlando, FL (3 grants).

Does Hoven Family Foundation Inc give general operating support?

Yes: 100% of Hoven Family Foundation Inc's 2023 grants with a stated purpose (3 of 3) were for general or operating support, per its 2023 IRS Form 990-PF.

How much is Hoven Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Hoven Family Foundation Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Hoven Family Foundation Inc's EIN?

Hoven Family Foundation Inc's EIN (Employer Identification Number) is 59-3443878. IRS Form 990 filing data is available on this page for 2019–2023.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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