The Carol Hepper Foundation
The Carol Hepper Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 5 grants totaling $24K. Net investment income was $318K.
The Carol Hepper Foundation at a glance
In short: The Carol Hepper Foundation gave $24K across 5 grants in 2025 (avg $5K), top state New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,000
- +84.6% vs 2024
- Grants made (2025)
- 5
- +25.0% vs 2024
- Average grant
- $4,800
- +47.7% vs 2024
- Median grant
- $5,000
- Total assets
- $1,323,979
- +27.3% vs 2024
- Primary geography
- New York (46% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who The Carol Hepper Foundation funds
How this funder distributes its grants
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 14 grants of 15 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Carol Hepper Foundation gives
- Giving grew 357% from 2022 to 2025. Method
- In 2025 it paid out 22% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
From 2021 to 2025, annual grant giving ranged from $5K (2022) to $169K (2021). In 2025 it made 5 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 5 grants to individuals Recipients not named | — | $24,000 |
Ready to take the next step with The Carol Hepper Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,323,979 | $322,114 | $30,963 | $24,000 | 5 | $24,000 | $317,823 | $106,685 |
| 2024 | $1,040,425 | $504,515 | $21,516 | $13,000 | 4 | $13,000 | $501,007 | $105,211 |
| 2023 | $837,447 | $454,086 | $17,189 | $10,250 | 3 | $14,625 | $451,976 | $54,478 |
| 2022 | $831,890 | $10,800 | $28,531 | $5,250 | 1 | $26,506 | $8,813 | $52,620 |
| 2021 | $831,005 | $168,517 | $216,885 | $169,250 | 2 | $214,359 | $2,755 | $55,882 |
| 2020 | $854,394 | $859,894 | $5,500 | — | — | — | $1 | $2,605 |
Under IRS private-foundation payout rules, The Carol Hepper Foundation reported a distributable amount of $107K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Carol Hepper Foundation is led by Laura Sejen, President since 2023 (on filings since 2020); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Laura Sejen
President
Secretary, Treasurer & Director → President & Director, 2021
President & Director → President, 2023
On filings since 2020
No compensation reported
Ward Hepper
Secretary
Vice President, Secretary & Director → Secretary, 2023
On filings since 2021
No compensation reported
Former officers (1)
- Former: Carol Hepper (2020) — Director & President
Data from IRS Form 990 filings, 2020–2025. "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 The Carol Hepper Foundation
How much does The Carol Hepper Foundation give each year?
The Carol Hepper Foundation gave $24K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 4 grants.
What is The Carol Hepper Foundation's typical grant size?
The Carol Hepper Foundation's median grant in 2025 was $5,000, and its average grant was $4,800, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Carol Hepper Foundation give grants?
The Carol Hepper Foundation's top state is New York, with 46% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (21%) and North Dakota (21%).
Does The Carol Hepper Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on The Carol Hepper Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Carol Hepper Foundation Ward in Studio Arts" (3 grants).
How large is The Carol Hepper Foundation?
The Carol Hepper Foundation reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $107K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Carol Hepper Foundation's EIN?
The Carol Hepper Foundation's EIN (Employer Identification Number) is 85-3656551. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 10, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Carol Hepper Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Carol Hepper Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Elizabeth Firestone Graham Foundation
New York, NY
The Elizabeth Firestone Graham Foundation funds special projects that produce and promote contemporary art, especially visual arts, including exhibitions, publications, artist programs, and film projects. Recent grants were typically $25,000, with recipients across multiple states, including North Carolina, Texas, California, New York, and Washington. It does not accept unsolicited requests; proposals are by invitation only.
Assets
$4.2M
Grants
13
Total Given
$311K
Sacred Heart Health Services
Yankton, SD
Avera is a health ministry rooted in the Gospel. Our mission is to make a positive impact in the lives and health of persons and communities by providing quality services guided by Christian values.
Assets
$475.8M
Grants
0
Total Given
$55
Credit Suisse Americas Foundation
New York, NY
Before dissolving on October 16, 2024, Credit Suisse Americas Foundation made general operating grants, with its 2024 awards ranging from $6,954 to $811,880. Nearly all 2024 grant dollars went to organizations in Pennsylvania, with 1% going to Illinois; it accepted written proposals with an IRS determination letter, with deadlines of February 15 and August 15.
Assets
—
Grants
2
Total Given
$819K
James Rosenquist Foundation Inc
Woodbury, NY
Assets
$688K
Grants
2
Total Given
$40K
Helen Frankenthaler Foundation Inc
New York, NY
The Helen Frankenthaler Foundation supports visual arts exhibitions, education, research and programming, cultural organizations’ core capacity, and sustainability projects. Its 2024 grants had a median award of $30,000, with recipients in New York, elsewhere in the U.S., and internationally. It funds preselected organizations and does not accept unsolicited requests.
Assets
$173.2M
Grants
105
Total Given
$14.4M
Eskolta School Research and Design Inc
New York, NY
Eskolta supports K–12 school transformation, including school improvement, research, instructional practice, and youth and community engagement; its listed 2021 grants went to New York organizations, though no formal geographic focus is stated. Those grants ranged from $10,000 to $60,000, but filings report no grants in 2023–2025. Whether it accepts unsolicited requests is not stated.
Assets
$2.4M
Grants
13
Total Given
$202K
More similar funders
More Funders in Delaware
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Carol Hepper Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Carol Hepper Foundation down — hundreds of funders to go?