The Four Hearts Foundation Inc
The Four Hearts Foundation Inc is a private foundation, based in Lutherville, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $77K in total assets. In 2024, it awarded 10 grants totaling $525K. Net investment income was $104K.
Key facts about The Four Hearts Foundation Inc
In short: The Four Hearts Foundation Inc gave $525K across 10 grants in 2024 (avg $53K), top state Virginia. 70% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 27-1274109
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $525,000
- Grants made (2024)
- 10
- Average grant
- $52,500
- Median grant
- $50,000
- New grantees (estimate)
- 70% first-time grantees (7 of 10, 2024)
- Total assets
- $76,715
- Primary geography
- Virginia (38% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$77K
-84.6% YoY
Annual Giving
$525K
+1212.5% YoY
Grant Count
10
+233.3% YoY
Avg Grant Size
$53K
+293.7% YoY
Under IRS private-foundation payout rules, The Four Hearts Foundation Inc reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Four Hearts Foundation Inc open to new grantees?
70%
first-time grantees, 2024
In 2024, 7 of 10 grantees (70%) were first-time recipients. First grants averaged $54K; repeat grants $50K. How we count
Medians: $50K first-time, $50K repeat.
- 30% of 2024 grantees were also funded in 2023. Method
- Giving grew 1213% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $30K (2022) to $525K (2024). In 2024 it made 10 grants totaling $525K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Boulder Crest ($100K). Together the top 10 received $525K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 15 grants of 24 (63%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boulder Crest Bluemont, VA | Unrestricted | $100,000 |
| Animal Rescue Inc New Freedom, PA | Unrestricted | $50,000 |
| Gilchrist Hospice Care Hunt Valley, MD | Unrestricted | $50,000 |
| Navy Seal Foundation Virginia Beach, VA | Unrestricted | $50,000 |
| Tunnel to Towers Staten Island, NY | Unrestricted | $50,000 |
| Sinisi Fdn Nashville, TN | Unrestricted | $50,000 |
| Womans Club Roland Park Baltimore, MD | Unrestricted | $50,000 |
| Lead the Way Fund Garden City, NJ | Unrestricted | $50,000 |
| Gary Senise Foundation Merrifield, VA | Unrestricted | $50,000 |
| Hugz 4 Haiti Danbury, CT | Unrestricted | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $76,715 | $497,278 | $518,702 |
| Revenue | $107,363 | $22,435 | $20,698 |
| Expenses | $527,926 | $43,859 | $35,599 |
| Qualifying Distributions | $525,000 | $40,000 | $30,000 |
| Net Investment Income | $104,437 | $18,576 | $21,738 |
| Distributable Amount | $19,167 | $26,357 | $25,631 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Four Hearts Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Blake Smith
Director
On filings since 2020
No compensation reported
Donna M. Smith
Board Member
On filings since 2020
No compensation reported
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 Four Hearts Foundation Inc
How much does The Four Hearts Foundation Inc give each year?
The Four Hearts Foundation Inc gave $525K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $40K across 3 grants.
What is The Four Hearts Foundation Inc's typical grant size?
The Four Hearts Foundation Inc's median grant in 2024 was $50,000, and its average grant was $52,500, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Four Hearts Foundation Inc that year got $54K on average.
Where does The Four Hearts Foundation Inc give grants?
The Four Hearts Foundation Inc's top state is Virginia, with 38% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Maryland (19%) and Pennsylvania (10%).
Does The Four Hearts Foundation Inc give general operating support?
Yes: 100% of The Four Hearts Foundation Inc's 2024 grants with a stated purpose (10 of 10) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Four Hearts Foundation Inc's largest grantees?
The Four Hearts Foundation Inc's largest 2024 grantees include Boulder Crest ($100,000), Animal Rescue Inc ($50,000) and Gilchrist Hospice Care ($50,000), according to its 2024 IRS Form 990-PF. Together they received 38% of its itemized 2024 grant dollars.
How large is The Four Hearts Foundation Inc?
The Four Hearts Foundation Inc reported $77K in total assets on its 2024 IRS Form 990-PF. It paid out $525K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What is The Four Hearts Foundation Inc's EIN?
The Four Hearts Foundation Inc's EIN (Employer Identification Number) is 27-1274109. 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.
Here's the math on researching The Four Hearts Foundation Inc by hand.
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