HP Foundation
HP Foundation is a private foundation based in Suttons Bay, Michigan. In 2025, it gave $87,000 through 16 grants to charitable organizations, with listed grants supporting projects and organizations in areas including land conservation, water quality, recreation, housing, community services, and health and wellness.
HP Foundation at a glance
In short: HP Foundation gave $87K across 16 grants in 2025 (avg $5K), mostly in Michigan. 33% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $87,000
- +20.9% vs 2024
- Grants made (2025)
- 16
- +14.3% vs 2024
- Average grant
- $5,438
- +5.8% vs 2024
- Median grant
- $4,250
- Total assets
- $1,129,031
- -5.3% vs 2024
- New grantees (estimate)
- 33% first-time grantees (5 of 15, 2025; small sample)
- Primary geography
- Michigan (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to HP Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 12060 East Spinnaker Lane, Suttons Bay, MI 49682
Phone: (313) 590-9622
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who HP Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was The Leelanau Conservancy ($25K across 2 grants). Together the top 10 received $79K.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was under $50K: 79 grants of 79 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 88% of grant dollars went to recipients in Michigan, 6% to Arizona, 4% to Ohio, and 2% to Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
Cities
Is HP Foundation open to new grantees?
33%
first-time grantees, 2025
In 2025, 5 of 15 grantees (33%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $4K; repeat grants $7K. How we count
Medians: $2K first-time, $4K repeat.
- 53% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $70K (2020) to $87K (2022). In 2025 it made 16 grants totaling $87K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Leelanau Conservancy Leland, MI | Sugar Loaf Project | $20,000 |
| Flow Traverse City, MI | Groundwater Reform Strategy | $10,000 |
| Grand Traverse Regional Land Conservancy Traverse City, MI | The Ridge Property | $10,000 |
| Friends of Herman Park Suttons Bay, MI | Playground | $10,000 |
| Inland Seas Suttons Bay, MI | General Operating Support | $5,000 |
| Purpose Church Goodyear, AZ | General Operating Support | $5,000 |
| The Leelanau Conservancy Leland, MI | Water Quality Testing Program | $5,000 |
| Housing North Traverse City, MI | Housing Ready Community Planning & Action Strategy Implemenation | $5,000 |
| Dennison University Granville, OH | Health & Wellness Fund | $3,500 |
| Tart Trails Traverse City, MI | General Operating Support | $3,000 |
Ready to take the next step with HP Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,129,031 | $76,516 | $139,074 | $87,000 | 16 | $110,962 | $49,104 | $117,699 |
| 2024 | $1,191,734 | $75,567 | $120,777 | $71,940 | 14 | $96,488 | $51,378 | $108,385 |
| 2023 | $1,237,984 | $73,963 | $121,082 | $80,315 | 19 | $100,490 | $53,371 | $97,318 |
| 2022 | $1,284,054 | $21,584 | $132,462 | $87,100 | 16 | $108,238 | $28,858 | $100,126 |
| 2021 | $1,389,366 | $151,397 | $116,186 | $72,700 | 14 | $93,338 | $128,549 | $109,259 |
| 2020 | $1,355,786 | $63,276 | $115,077 | $69,615 | 21 | — | $43,853 | $93,150 |
Under IRS private-foundation payout rules, HP Foundation reported a distributable amount of $118K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for land conservation and stewardship, groundwater reform, water quality testing, trails, a playground, housing planning, and general operating support.
The Grand Traverse Regional Land Conservancy, which received $10,000, describes its mission as protecting significant natural, scenic, and farm lands and advancing land stewardship. Leelanau Christian Neighbors, which received $2,000, says it serves Leelanau County residents with inadequate resources. St. Jude Children’s Research Hospital, which received $2,000, describes its mission as advancing cures and prevention for pediatric catastrophic diseases through research and treatment, without denying treatment based on a family’s ability to pay.
Grantmaking
In 2025, the foundation made 16 grants totaling $87,000. Grant amounts ranged from $1,500 to $20,000, with a median of $4,250.
The largest listed grants included $20,000 to The Leelanau Conservancy for the Sugar Loaf Project; $10,000 each to FLOW for its Groundwater Reform Strategy, the Grand Traverse Regional Land Conservancy for The Ridge Property, and Friends of Herman Park for a playground; and $5,000 each to Inland Seas and Purpose Church for general operating support. The foundation also awarded $5,000 to The Leelanau Conservancy for its water quality testing program and $5,000 to Housing North for housing-ready community planning and strategy implementation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Deborah Holley Palms as president, Jeffrey J Palms as treasurer, Jeffrey Francis Palms as assistant treasurer, and Katherine Palms as secretary.
HP Foundation is led by Deborah Holley Palms, President on every filing since 2020; 2 of 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Deborah Holley Palms
President
On filings since 2020
8 hrs/week
$17K (2020) → $17K (2025)
Katherine Palms
Secretary
On filings since 2020
2 hrs/week
$124 (2020) → $212 (2025)
Jeffrey Francis Palms
Treasurer & Assistant Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $17K, to Deborah Holley Palms (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about HP Foundation
How much does HP Foundation give each year?
HP Foundation gave $87K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $72K across 14 grants.
What is HP Foundation's typical grant size?
HP Foundation's median grant in 2025 was $4,250, and its average grant was $5,438, across 16 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from HP Foundation that year got $4K on average.
Where does HP Foundation give grants?
HP Foundation gives mostly in Michigan: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Arizona (6%). The most frequent recipient cities were Traverse City, MI (4 grants), Leland, MI (2 grants), Suttons Bay, MI (2 grants) and Detroit, MI (2 grants).
Does HP Foundation give general operating support?
Yes: 50% of HP Foundation's 2025 grants with a stated purpose (8 of 16) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are HP Foundation's largest grantees?
HP Foundation's largest 2025 grantees include The Leelanau Conservancy ($25,000 across 2 grants), Flow ($10,000) and Grand Traverse Regional Land Conservancy ($10,000), according to its 2025 IRS Form 990-PF. Together they received 52% of its itemized 2025 grant dollars.
How large is HP Foundation?
HP Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $111K in qualifying distributions that year, against a required minimum of $118K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does HP Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included support for land conservation and stewardship, groundwater reform, water quality testing, trails, a playground, housing planning, and general operating support. See mission & focus areas ↑
How do I apply for a grant from HP Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is HP Foundation's EIN?
HP Foundation's EIN (Employer Identification Number) is 38-3577492. IRS Form 990 filing data is available on this page for 2020–2025.
Does HP Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 27, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in HP Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). HP Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/hp-foundation-morg_2360843d823e44c8a4594741feeab585
BibTeX
@misc{grantable_383577492_2026,
author = {{Grantable}},
title = {{HP Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hp-foundation-morg_2360843d823e44c8a4594741feeab585},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from HP Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
HP Foundation down — hundreds of funders to go?