Mike & Patti Hennessy Foundation Inc
Mike & Patti Hennessy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRANBURY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25.6M in total assets. In 2024, it awarded 8 grants totaling $1.1M. Net investment income was $848K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.6M
+2.0% YoY
Annual Giving
$1.1M
+22.4% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$142K
+7.1% YoY
Under IRS private-foundation payout rules, Mike & Patti Hennessy Foundation Inc reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
About Mike & Patti Hennessy Foundation Inc
Based on IRS filings
Mike & Patti Hennessy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRANBURY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25.6M in total assets. In 2024, it awarded 8 grants totaling $1.1M. Net investment income was $848K.
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 | $25,564,420 | $25,054,472 | $25,582,078 |
| Revenue | $1,933,962 | $637,459 | $846,857 |
| Expenses | $1,423,417 | $1,162,176 | $305,766 |
| Qualifying Distributions | $1,268,627 | $1,033,064 | $243,087 |
| Net Investment Income | $847,665 | $557,988 | $257,183 |
| Distributable Amount | $1,448,595 | $1,258,769 | $1,209,376 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hackensack meridian health foundation inc ($955,000), Diocese of trenton ($70,000), University of pennsylvania ($62,500).
| Recipient | Purpose | Amount |
|---|---|---|
| University of pennsylvania PHILADELPHIA, PA | GENERAL SUPPORT | $62,500 |
| Hackensack meridian health foundation inc Hackensack, NJ | general support | $955,000 |
| Diocese of trenton Trenton, NJ | general support | $70,000 |
| LEP FOUNDATION FOR YOUTH EDUCATION MILLSTONE TWP, NJ | EDUCATION | $5,000 |
| St joseph catholic church West Milford, NJ | general support | $2,500 |
| The Ovarian Cancer Research Fund Inc NEW YORK, NY | GENERAL SUPPORT | $20,000 |
| Zeta Tau Alpha Foundation Carmel, IN | General Support | $16,000 |
| Make-A-Wish America Phoenix, AZ | General Support | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J HENNESSY JR | PRESIDENT | — | — |
| SHANNON H PULASKI | SECRETARY | — | $105,423 |
| Ashley Talamo | Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mike & Patti Hennessy Foundation Inc?
Mike & Patti Hennessy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRANBURY, NJ. It holds $25.6M in total assets as of 2024.
How large is Mike & Patti Hennessy Foundation Inc?
As of 2024, Mike & Patti Hennessy Foundation Inc holds $25.6M in total assets with $1.9M in annual revenue. It awarded 8 grants totaling $1.1M in 2024.
Where does Mike & Patti Hennessy Foundation Inc operate?
Mike & Patti Hennessy Foundation Inc has awarded grants in Arizona, District of Columbia, Florida, Indiana, New Jersey, New York, Pennsylvania, Utah.
What size grants does Mike & Patti Hennessy Foundation Inc award?
In 2024, Mike & Patti Hennessy Foundation Inc awarded 8 grants totaling $1.1M — an average of about $142K per grant, based on its IRS Form 990 filings.
How much is Mike & Patti Hennessy Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mike & Patti Hennessy Foundation Inc reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mike & Patti Hennessy Foundation Inc's EIN?
Mike & Patti Hennessy Foundation Inc's EIN (Employer Identification Number) is 85-4293362. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mike & Patti Hennessy 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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