Seven Hearts Foundation
Seven Hearts Foundation is a private foundation focused on Education, based in Burlingame, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $723K in total assets. In 2024, it awarded 1 grant totaling $40K. Net investment income was $34K.
Seven Hearts Foundation at a glance
In short: Seven Hearts Foundation gave $40K across 1 grant in 2024 (avg $40K), mostly in Washington. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,000
- Grants made (2024)
- 1
- Average grant
- $40,000
- Median grant
- $40,000
- Total assets
- $722,783
- +9.1% vs 2023
- Primary geography
- Washington (100% 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 Seven Hearts Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Washington State University Foundation ($40K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Seven Hearts Foundation gives
- In 2024 it paid out 115% 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
In 2024 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Washington State University Foundation Pullman, WA | To provide support for the washington state university school of pharmacy and pharmaceutical sciences | $40,000 |
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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 | $722,783 | $51,234 | $55,760 | $40,000 | 1 | $40,000 | $34,004 | $34,869 |
| 2023 | $662,398 | $29,819 | $13,549 | — | — | — | $14,955 | $30,276 |
| 2022 | $585,311 | $31,949 | $13,896 | — | — | — | $30,754 | — |
| 2021 | $681,624 | $123,702 | $2,538 | — | — | — | $43,152 | — |
| 2020 | $523,902 | $222,460 | $303 | — | — | — | $6,775 | — |
Under IRS private-foundation payout rules, Seven Hearts Foundation reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Seven Hearts Foundation is led by Frances Olson, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Frances Olson
President
On filings since 2020
1 hr/week
No compensation reported
Geraldine Olson
Secretary & Treasurer
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 Seven Hearts Foundation
How much does Seven Hearts Foundation give each year?
Seven Hearts Foundation gave $40K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is Seven Hearts Foundation?
Seven Hearts Foundation reported $723K in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $35K (roughly 5% of its investment assets).
What is Seven Hearts Foundation?
Seven Hearts Foundation is a private foundation focused on Education, based in Burlingame, CA. It holds $723K in total assets as of 2024.
Where does Seven Hearts Foundation operate?
Seven Hearts Foundation has awarded grants in Washington.
What is Seven Hearts Foundation's EIN?
Seven Hearts Foundation's EIN (Employer Identification Number) is 83-2830628. 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
Live grants for the work Seven Hearts Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Seven Hearts Foundation's focus areas in our free grants database
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