Hugin Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $17.4M in total assets. In 2023, it awarded 15 grants totaling $3.5M. Net investment income was $538K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$17.4M
-5.7% YoY
Annual Giving
$3.5M
+76.2% YoY
Grant Count
15
+1400.0% YoY
Avg Grant Size
$235K
-88.3% YoY
Under IRS private-foundation payout rules, Hugin Family Foundation Inc reported a distributable amount of $942K for 2023 — the minimum it must pay out in qualifying distributions.
About Hugin Family Foundation Inc
Based on IRS filings
Hugin Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $17.4M in total assets. In 2023, it awarded 15 grants totaling $3.5M. Net investment income was $538K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $17,371,200 | $18,414,656 | $19,063,901 |
| Revenue | $1,607,097 | $574,968 | $1,802,467 |
| Expenses | $3,653,918 | $2,182,712 | $664,150 |
| Qualifying Distributions | $3,523,967 | $2,000,224 | $614,000 |
| Net Investment Income | $538,444 | $574,818 | $492,673 |
| Distributable Amount | $941,975 | $1,142,616 | $1,119,681 |
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 2023
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Darden School University of Virgini ($1,045,335), Princeton University ($1,016,400), Darden School University of Virgini ($869,505).
| Recipient | Purpose | Amount |
|---|---|---|
| AEI WASHINGTON, DC | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $50,000 |
| CLEVELAND CLINIC PHILANTHROPY INST CLEVELAND, OH | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $50,000 |
| GARDEN STATE INITIATIVE MORRISTOWN, NJ | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $40,000 |
| LEUKEMIA AND LYMPHOMA SOCIETY WASHINGTON, DC | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $10,000 |
| NAVY SEAL MUSEUM FORT PIERCE, FL | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $100,000 |
| PRINCETON UNIVERSITY PRINCETON, NJ | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $1,016,400 |
| REAL CLEAR MEDIA FUND NORTHBROOK, IL | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $500 |
| REEVES REED ARBORETUM SUMMIT, NJ | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $5,000 |
| SCHOOL FOR CHILDREN OF HIDDEN INTEL NEW YORK, NY | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $10,000 |
| SUMMIT UNITED METHODIST SUMMIT, NJ | ANY GENERAL PURPOSE OF THE RECIPIENT ORG | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT J HUGIN | PRESIDENT | — | — |
| KATHLEEN HUGIN | VICE PRESIDENT | — | — |
| HILARY HUGIN | TREASURER | — | — |
| ROBERT B HUGIN | TRUSTEES | — | — |
| JOHN HUGIN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hugin Family Foundation Inc?
Hugin Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. It holds $17.4M in total assets as of 2023.
How large is Hugin Family Foundation Inc?
As of 2023, Hugin Family Foundation Inc holds $17.4M in total assets with $1.6M in annual revenue. It awarded 15 grants totaling $3.5M in 2023.
Where does Hugin Family Foundation Inc operate?
Hugin Family Foundation Inc has awarded grants in California, District of Columbia, Florida, Iowa, Illinois, New Jersey, New York, Ohio, Pennsylvania, Virginia.
What size grants does Hugin Family Foundation Inc award?
In 2023, Hugin Family Foundation Inc awarded 15 grants totaling $3.5M — an average of about $235K per grant, based on its IRS Form 990 filings.
How much is Hugin Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Hugin Family Foundation Inc reported a distributable amount of $942K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hugin Family Foundation Inc's EIN?
Hugin Family Foundation Inc's EIN (Employer Identification Number) is 03-0374762. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Hugin 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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