Richard and Loan Hill Family Foundation
Richard and Loan Hill Family Foundation is a private foundation, based in Las Vegas, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 8 grants totaling $648K. Net investment income was $572K.
Richard and Loan Hill Family Foundation at a glance
In short: Richard and Loan Hill Family Foundation gave $648K across 8 grants in 2024 (avg $81K), top state Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $648,193
- -44.6% vs 2023
- Grants made (2024)
- 8
- +166.7% vs 2023
- Average grant
- $81,024
- -79.2% vs 2023
- Median grant
- $60,000
- Total assets
- $5,721,109
- -0.5% vs 2023
- Primary geography
- Illinois (47% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Richard and Loan Hill Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was University of Illinois ($305K). Together the top 7 received $648K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 11 grants of 17 (65%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Richard and Loan Hill Family Foundation gives
- Giving fell 35% from 2021 to 2024. Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2 (2020) to $1.2M (2023). In 2024 it made 8 grants totaling $648K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Urbana, IL | Donation to the university of Illinois, department of engineering. | $305,000 |
| One World Surgery Birmingham, AL | Donation to dr. Merlin omar antunez vasquez's orphanage for orthopedic surgeries in honduras. | $100,000 |
| Leland Stanford Junior University Stanford, CA | Donation to Stanford University, School of Medicine. | $100,000 |
| Cure Blindness Project Norwich, VT | Donation to a Medical Project in Ghana, Africa. | $100,000 |
| Canvasback Missions Benicia, CA | Donation to support dr. Tzun rafael orthopaedic residency program to enhance medical capability for the people of palau. | $20,000 |
| Charities Aid Foundation of America Alexandria, VA | Donation to the lion's club sabanitas, panama chapter for the benefit of the cacique baseball league. | $18,090 |
| Charities Aid Foundation of America Alexandria, VA | General funds to support local residents' hospital and medical needs. | $5,100 |
| From K-1 - Enterprise Products Partners LP Houston, TX | Pass Through Donation | $3 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,721,109 | $627,355 | $699,491 | $648,193 | 8 | $648,303 | $572,343 | $607,041 |
| 2023 | $5,749,112 | $1,254,795 | $1,177,072 | $1,170,010 | 3 | $1,170,010 | $1,244,382 | $551,365 |
| 2022 | $5,649,758 | $294,456 | $2,527 | $13 | 2 | $13 | $282,457 | $569,530 |
| 2021 | $5,365,663 | $489,678 | $1,002,113 | $1,000,011 | 3 | $1,000,011 | $488,004 | $546,931 |
| 2020 | $5,877,194 | $-525,798 | $2,619 | $2 | 1 | — | $275,430 | $458,026 |
Under IRS private-foundation payout rules, Richard and Loan Hill Family Foundation reported a distributable amount of $607K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard and Loan Hill Family Foundation is led by Richard E. Hill, President & Director on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard E. Hill
President & Director
On filings since 2020
1 hr/week
No compensation reported
Anthony Tran
Director
On filings since 2020
1 hr/week
No compensation reported
Caroline C. Hill
Director
On filings since 2020
1 hr/week
No compensation reported
David Hill
Director
On filings since 2020
1 hr/week
No compensation reported
Loan Hill
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Richard and Loan Hill Family Foundation
How much does Richard and Loan Hill Family Foundation give each year?
Richard and Loan Hill Family Foundation gave $648K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 3 grants.
What is Richard and Loan Hill Family Foundation's typical grant size?
Richard and Loan Hill Family Foundation's median grant in 2024 was $60,000, and its average grant was $81,024, across 8 grants on its 2024 IRS Form 990-PF.
Where does Richard and Loan Hill Family Foundation give grants?
Richard and Loan Hill Family Foundation's top state is Illinois, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (19%) and Alabama (15%). The most frequent recipient cities were Alexandria, VA (2 grants).
Does Richard and Loan Hill Family Foundation give general operating support?
Yes: 13% of Richard and Loan Hill Family Foundation's 2024 grants with a stated purpose (1 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Richard and Loan Hill Family Foundation's largest grantees?
Richard and Loan Hill Family Foundation's largest 2024 grantees include University of Illinois ($305,000), One World Surgery ($100,000) and Leland Stanford Junior University ($100,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Richard and Loan Hill Family Foundation?
Richard and Loan Hill Family Foundation reported $5.7M in total assets on its 2024 IRS Form 990-PF. It paid out $648K in qualifying distributions that year, against a required minimum of $607K (roughly 5% of its investment assets).
What is Richard and Loan Hill Family Foundation's EIN?
Richard and Loan Hill Family Foundation's EIN (Employer Identification Number) is 32-0452438. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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