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 grants totaling $40K. Net investment income was $34K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$723K
+9.1% YoY
Annual Giving
$40K
Grant Count
1
Avg Grant Size
$40K
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.
About Seven Hearts Foundation
Based on IRS filings
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 grants totaling $40K. Net investment income was $34K.
Focus Areas
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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 | $722,783 | $662,398 | $585,311 |
| Revenue | $51,234 | $29,819 | $31,949 |
| Expenses | $55,760 | $13,549 | $13,896 |
| Qualifying Distributions | $40,000 | — | — |
| Net Investment Income | $34,004 | $14,955 | $30,754 |
| Distributable Amount | $34,869 | $30,276 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Washington State University Foundation ($40,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANCES OLSON | PRESIDENT | 1 | — |
| GERALDINE OLSON | SECRETARY & TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Seven Hearts Foundation?
As of 2024, Seven Hearts Foundation holds $723K in total assets with $51K in annual revenue. It awarded 1 grants totaling $40K in 2024.
Where does Seven Hearts Foundation operate?
Seven Hearts Foundation has awarded grants in Washington.
What size grants does Seven Hearts Foundation award?
In 2024, Seven Hearts Foundation awarded 1 grants totaling $40K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is Seven Hearts Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Seven Hearts Foundation reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Seven Hearts 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.
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