Robert M Hearin Foundation
Robert M Hearin Foundation is a private foundation focused on Education, based in RIDGELAND, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $33.6M in total assets. In 2024, it awarded 10 grants totaling $1.9M. Net investment income was $3.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33.6M
+3.6% YoY
Annual Giving
$1.9M
-6.7% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$186K
-25.4% YoY
Under IRS private-foundation payout rules, Robert M Hearin Foundation reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.
About Robert M Hearin Foundation
Based on IRS filings
Robert M Hearin Foundation is a private foundation focused on Education, based in RIDGELAND, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $33.6M in total assets. In 2024, it awarded 10 grants totaling $1.9M. Net investment income was $3.1M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,646,583 | $32,491,973 | $32,811,319 |
| Revenue | $3,321,520 | $2,026,898 | $3,621,031 |
| Expenses | $1,546,200 | $1,651,493 | $1,387,081 |
| Qualifying Distributions | $1,910,564 | $2,034,411 | $2,131,688 |
| Net Investment Income | $3,129,739 | $1,827,462 | $3,388,528 |
| Distributable Amount | $1,907,098 | $1,822,028 | $1,997,168 |
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
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ms State University ($775,000), Univ of Ms Medical Center ($363,800), Ms College ($325,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MS COLLEGE CLINTON, MS | SCHOLARSHIPS | $325,000 |
| UNIV OF MS MEDICAL CENTER JACKSON, MS | SCHOLARSHIPS | $363,800 |
| DELTA STATE CLEVELAND, MS | SCHOLARSHIPS | $30,000 |
| MS STATE UNIVERSITY MISSISSIPPI STATE, MS | SCHOLARSHIPS | $775,000 |
| UNIV OF MS UNIVERSITY, MS | SCHOLARSHIPS | $159,078 |
| MILLSAPS COLLEGE JACKSON, MS | SCHOLARSHIPS | $40,000 |
| BLUE MOUNTAIN COLLEGE BLUE MOUNTAIN, MS | SCHOLARSHIPS | $20,000 |
| MISSISSIPPI UNIVERSITY FOR WOMEN COLUMBUS, MS | SCHOLARSHIPS | $75,000 |
| MS SYMPHONY ORCHESTRA JACKSON, MS | EDUCATIONAL, SUPPORT | $65,000 |
| MISSISSIPPI OPERA JACKSON, MS | EDUCATIONAL, SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT M HEARIN JR | TRUSTEE | 2 | $15,000 |
| LAURIE H MCREE | TRUSTEE | 2 | $15,000 |
| MATTHEW L HOLLEMAN III | TRUSTEE | 10 | $15,000 |
| E E LAIRD JR | TRUSTEE | 2 | $8,750 |
| STEVEN M HENDRIX | TRUSTEE | 2 | $15,000 |
| ALAN W PERRY | TRUSTEE | 2 | $15,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Robert M Hearin Foundation?
Robert M Hearin Foundation is a private foundation focused on Education, based in RIDGELAND, MS. It holds $33.6M in total assets as of 2024.
How large is Robert M Hearin Foundation?
As of 2024, Robert M Hearin Foundation holds $33.6M in total assets with $3.3M in annual revenue. It awarded 10 grants totaling $1.9M in 2024.
Where does Robert M Hearin Foundation operate?
Robert M Hearin Foundation has awarded grants in Mississippi.
What size grants does Robert M Hearin Foundation award?
In 2024, Robert M Hearin Foundation awarded 10 grants totaling $1.9M — an average of about $186K per grant, based on its IRS Form 990 filings.
How much is Robert M Hearin Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Robert M Hearin Foundation reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Robert M Hearin Foundation's EIN?
Robert M Hearin Foundation's EIN (Employer Identification Number) is 64-6027443. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Robert M Hearin Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.