The Carol Hepper Foundation
The Carol Hepper Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 4 grants totaling $13K. Net investment income was $501K.
The Carol Hepper Foundation at a glance
In short: The Carol Hepper Foundation gave $13K across 4 grants in 2024 (avg $3K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $13,000
- +26.8% vs 2023
- Grants made (2024)
- 4
- +33.3% vs 2023
- Average grant
- $3,250
- -4.9% vs 2023
- Median grant
- $2,750
- Total assets
- $1,040,425
- +24.2% vs 2023
- Primary geography
- New York (58% 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 The Carol Hepper Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Catskill NY Art Space ($5K). Together the top 4 received $13K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 9 grants of 10 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Carol Hepper Foundation gives
- Giving fell 92% from 2021 to 2024. Method
- In 2024 it paid out 12% 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 2024, annual grant giving ranged from $5K (2022) to $169K (2021). In 2024 it made 4 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catskill NY Art Space Livingston Manor, NY | Carol Hepper Foundation Ward in Studio Arts | $5,000 |
| Massmoca North Adams, MA | Carol Hepper Foundation Ward in Studio Arts | $3,000 |
| Vermont Studio Center Johnson, VT | Carol Hepper Foundation Ward in Studio Arts | $2,500 |
| Good Shepherd Services New York, NY | Carol Hepper Foundation Ward in Studio Arts | $2,500 |
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 |
|---|---|---|---|---|---|---|---|---|
| 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 $105K for 2024 — 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 2024 report compensation.
Officers on the 2024 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, 2020–2024. "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 The Carol Hepper Foundation
How much does The Carol Hepper Foundation give each year?
The Carol Hepper Foundation gave $13K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 3 grants.
What is The Carol Hepper Foundation's typical grant size?
The Carol Hepper Foundation's median grant in 2024 was $2,750, and its average grant was $3,250, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Carol Hepper Foundation give grants?
The Carol Hepper Foundation gives mostly in New York: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (23%) and Vermont (19%).
Does The Carol Hepper Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The Carol Hepper Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Carol Hepper Foundation Ward in Studio Arts" (4 grants).
How large is The Carol Hepper Foundation?
The Carol Hepper Foundation reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $105K (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 2020–2024.
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
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, and similar funders in Delaware
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
Hillman Family Foundations
Pittsburgh, PA
The 18 independently operated foundations support projects in areas such as arts and culture, health, education, economic development, and community improvement, with a preference for Pittsburgh and southwestern Pennsylvania; each foundation has its own geographic focus. In 2024, grants ranged from $75 to $5 million, with a median of $20,000. The 2024 filing says unsolicited requests are accepted, beginning with a brief letter of intent through the online portal.
Assets
$1.9B
Grants
814
Total Given
$88.8M
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
Frank & Susan Huettner Educ FD
Pennington, NJ
The Frank & Susan Huettner Education Fund supports scholarships at colleges and universities, primarily in Wisconsin, with some funding in Minnesota and South Dakota. In 2025, grants ranged from $500 to $12,400, with a median of $2,900. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$2.4M
Grants
15
Total Given
$58K
The Cowles Charitable Trust
Staten Island, NY
The Cowles Charitable Trust supports arts, education, ethical journalism, medical and climate research, primarily in Downstate New York and South Florida, with occasional national or international grants. Its 2024 grants had a median of $4,000; first-time applicants generally receive $2,500, though some grants are larger. It accepts unsolicited applications from eligible 501(c)(3) organizations.
Assets
$13.2M
Grants
262
Total Given
$1.4M
American Electric Power Foundation
Wilmington, DE
The American Electric Power Foundation funds education, especially STEM, basic human services, social justice, and environmental protection, primarily for organizations in AEP’s service territory or with broader beneficial impact. Its 2025 grants ranged from $500 to $1,428,570, with a median of $10,000. It does not accept unsolicited requests; eligible organizations need an invitation from their local AEP Operating Company.
Assets
$43.6M
Grants
753
Total Given
$23.0M
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?