Hp Foundation

PALO ALTO, CA EIN: 94-2618409

HP Foundation is a private foundation based in Palo Alto, California, established in 1979. It operates as a non-operating foundation with a 501(c)(3) designation, making it eligible to receive tax-deductible contributions.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$63.7M

-13.9% YoY

Annual Giving

$15.7M

+19.8% YoY

Grant Count

+40.0% YoY

Avg Grant Size

$749K

-14.4% YoY

Under IRS private-foundation payout rules, Hp Foundation reported a distributable amount of $3.2M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding focuses include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Social Science & Humanities
Library Grants
Leadership Development

Grantmaking

Review Cycle

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation distributes funding across multiple states, with primary focus areas including:

District of Columbia
New York
Virginia
Delaware
Florida
Illinois
California

Grantmaking reaches organizations across 14 states.

Grant Distribution by State

Virginia $15.4M (27%)

Delaware $14.5M (26%)

District of Columbia $7.4M (13%)

Florida $6.4M (11%)

New York $4.2M (7%)

California $2.7M (5%)

Massachusetts $2.0M (4%)

Colorado $1.6M (3%)

+9 more states

States

Alabama California Colorado Connecticut District of Columbia Delaware Florida Illinois Massachusetts Mississippi North Carolina New York Pr Texas Virginia Washington

Cities

AlexandriaAustinChicagoClearwaterColorado SpringsDallasFairfieldFt WorthGlenviewJacksonLos AngelesMontgomeryMountain ViewNew YorkNewarkNewtownOaklandPittsfieldRaleighSan Francisco

Financial History

Multi-year comparison from IRS filings

As of Most Recent Filing (2024):

Total Assets: $63,656,709
Total Giving: $15,724,960
Total Revenues: $3,169,197
Total Expenses: $22,136,956

Historical Trends:

Annual giving has grown from $9.6 million in 2020 to $21.9 million in 2022
Annual income reported at $24.9 million

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$63,656,709	$73,972,686	$83,359,343
Revenue	$3,169,197	$-5,232,335	$33,494,518
Expenses	$22,136,956	$14,836,933	$13,042,042
Qualifying Distributions	$17,950,415	$14,471,705	$12,707,738
Net Investment Income	$3,119,817	$3,274,129	$1,148,902
Distributable Amount	$3,240,238	$3,822,510	$4,216,132

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

85 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Online Giving Foundation ($5,449,292), Charities Aid Foundation of America ($2,936,282), Trust for the National Mall ($2,000,000).

Recipient	Purpose	Amount
AMERICAN HEART ASSOCIATION INC DALLAS, TX	CHARITABLE	$500,000
AMERICAN ONLINE GIVING FOUNDATION NEWARK, DE	CHARITABLE	$5,449,292
AMERICAN RED CROSS WASHINGTON, DC	CHARITABLE	$250,000
ASPEN INSTITUTE WASHINGTON, DC	CHARITABLE	$406,154
CHARITIES AID FOUNDATION OF AMERICA ALEXANDRIA, VA	CHARITABLE	$2,936,282
GIRL RISING PITTSFIELD, MA	CHARITABLE	$1,023,000
GIVE2ASIA SAN FRANCISCO, CA	CHARITABLE	$166,500
GLOBAL IMPACT ALEXANDRIA, VA	CHARITABLE	$272,500
MAGEN DAVID ADOM NEW YORK, NY	CHARITABLE	$500,000
INTERNATIONAL GENEROSITY FOUNDATION CLEARWATER, FL	CHARITABLE	$58,578

Leadership & Key People

Leadership team and compensation from IRS filings

Matthew Buckley – Executive Director
Stephanie Bormann – Deputy Director

The foundation is governed by 8 officers and trustees.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MATTHEW BUCKLEY	EXECUTIVE DIRECTOR	1	—
STEPHANIE BORMANN	DEPUTY DIRECTOR	32	—
PHYLLIS TURNER-BRIM	SECRETARY	1	—
KRISTEN LUDGATE	BOARD MEMBER/AUDIT CHAIR	0.1	—
ALEX CHO	BOARD MEMBER	0.1	—
ERNEST NICOLS	BOARD MEMBER	0.1	—
STELLA LOW	BOARD MEMBER	0.2	—
OLGA MARRUFFO	TREASURER	0.2	—
STEPHANIE LIEBMAN	TREASURER (THROUGH 2/15/24)	0.2	—
ANTONIO LUCIO	BOARD MEMBER	0.1	—

Frequently Asked Questions

What does Hp Foundation fund?

The foundation's primary funding focuses include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Social Science & Humanities • Library Grants • Leadership Development

How do I apply for a grant from Hp Foundation?

**Grant Activity:** • The foundation makes grants to preselected charitable organizations and typically does not accept unsolicited proposals • Recent grants include awards to the American Online Giving Foundation ($5,449,292), Charities Aid Foundation of America ($2,936,282), and Trust for the National Mall ($2,000,000) • Historical grant data shows individual awards have ranged from $20,000 to $5.5 million, with an average award of approximately $672,000 • The foundation has supported 28 uniq…

Where does Hp Foundation make grants?

The foundation distributes funding across multiple states, with primary focus areas including: • District of Columbia • New York • Virginia • Delaware • Florida • Illinois • California Grantmaking reaches organizations across 14 states.

What size grants does Hp Foundation award?

In 2024, Hp Foundation awarded 21 grants totaling $15.7M — an average of about $749K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hp Foundation reported a distributable amount of $3.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.