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.
Key facts about Seven Hearts Foundation
- EIN
- 83-2830628
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $40,000
- Grants made (2024)
- 1
- Average grant
- $40,000
- Median grant
- $40,000
- Total assets
- $722,783
- Primary geography
- Washington (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
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.
Next steps with Seven Hearts Foundation
- How to evaluate Seven Hearts Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Seven Hearts Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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 grant totaling $40K. Net investment income was $34K.
Focus Areas
Ready to take the next step with Seven Hearts Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
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 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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 grant 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 grant 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
Similar Funders
Funders that support many of the same organizations
M J Murdock Charitable Trust
Vancouver, WA
Assets
$2.0B
Grants
797
Total Given
$116.6M
Change Happens Foundation
Urbandale, IA
Assets
$17.8M
Grants
12
Total Given
$255K
McKinstry Charitable Foundation
Seattle, WA
Assets
$134K
Grants
317
Total Given
$1.1M
The Ron and Eva-Maria Sher Foundation
Wilmington, DE
Assets
$124K
Grants
18
Total Given
$103K
Rasmuson Foundation
Anchorage, AK
Assets
$845.4M
Grants
300
Total Given
$17.7M
The Harold & Arlene Schnitzer Care
Portland, OR
Assets
$104.8M
Grants
245
Total Given
$8.2M
George C Huang and Margaret J Huang
Los Altos, CA
Assets
$780K
Grants
4
Total Given
$1.5M
KPMG US Foundation Inc
Montvale, NJ
Assets
$13.2M
Grants
369
Total Given
$25.3M
Direct Supply Foundation Inc
Milwaukee, WI
Assets
—
Grants
55
Total Given
$284K
William H Cowles Foundation
Spokane, WA
Assets
$5.3M
Grants
1
Total Given
$300K
Deloitte Foundation
Stamford, CT
Assets
$51.4M
Grants
121
Total Given
$32.5M
Silicon Valley Community Foundation
Mountain View, CA
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
More Funders in California
Data last updated September 2026. Sourced from IRS Form 990-PF filings.