The Carl B and Ludmila S Hess Foundation
The Carl B and Ludmila S Hess Foundation is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 7 grants totaling $233K. Net investment income was $167K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+3.2% YoY
Annual Giving
$233K
+6.1% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$33K
-24.2% YoY
Under IRS private-foundation payout rules, The Carl B and Ludmila S Hess Foundation reported a distributable amount of $172K for 2024 — the minimum it must pay out in qualifying distributions.
About The Carl B and Ludmila S Hess Foundation
Based on IRS filings
The Carl B and Ludmila S Hess Foundation is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 7 grants totaling $233K. Net investment income was $167K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,695,183 | $1,642,006 | $1,822,466 |
| Revenue | $200,003 | $70,028 | $67,782 |
| Expenses | $266,519 | $250,489 | $316,278 |
| Qualifying Distributions | $235,324 | $228,546 | $275,670 |
| Net Investment Income | $167,102 | $45,085 | $36,674 |
| Distributable Amount | $171,500 | $152,649 | $165,502 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mount Holyoke College ($123,368), Friends of the Lobkowicz Collections ($25,000), The New York Philharmonic ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of the Lobkowicz Collections Dover, MA | General Charitable Purposes | $25,000 |
| Mount Holyoke College South Hadley, MA | General Charitable Purposes | $123,368 |
| St Paul's School Concord, NH | General Charitable Purposes | $15,000 |
| The Buckley School New York, NY | General Charitable Purposes | $20,000 |
| The New York Philharmonic New York, NY | General Charitable Purposes | $25,000 |
| St Thomas Church New York, NY | General Charitable Purposes | $15,000 |
| The Art Students League of New York New York, NY | General Charitable Purposes | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ludmila S Bidwell | Trustee - As Needed | — | — |
| J Truman Bidwell Jr | Trustee - As Needed | — | — |
Frequently Asked Questions
How large is The Carl B and Ludmila S Hess Foundation?
As of 2024, The Carl B and Ludmila S Hess Foundation holds $1.7M in total assets with $200K in annual revenue. It awarded 7 grants totaling $233K in 2024.
Where does The Carl B and Ludmila S Hess Foundation operate?
The Carl B and Ludmila S Hess Foundation has awarded grants in Massachusetts, New Hampshire, New York.
What size grants does The Carl B and Ludmila S Hess Foundation award?
In 2024, The Carl B and Ludmila S Hess Foundation awarded 7 grants totaling $233K — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is The Carl B and Ludmila S Hess Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carl B and Ludmila S Hess Foundation reported a distributable amount of $172K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Carl B and Ludmila S Hess Foundation's EIN?
The Carl B and Ludmila S Hess Foundation's EIN (Employer Identification Number) is 31-6651912. IRS Form 990 filing data is available on this page for 2019–2024.
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Browse active grant opportunities in The Carl B and Ludmila S Hess 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.