The H & F Baker Foundation Inc is a private family foundation established by Felix and Heather Baker. Based in New York City, the foundation holds approximately $97.1 million in assets and distributes between $13.6 and $14.3 million in charitable grants annually. The foundation was granted tax-exempt status in December 2013.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$13.6M
-4.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$13.6M
-4.7% YoY
Mission & Focus Areas
The foundation focuses its philanthropy on education, healthcare institutions, and Jewish causes. Primary beneficiaries include Northwestern University, Stanford University, and NYU Langone Hospitals. The foundation does not operate formal grant programs with defined parameters. Instead, it makes strategic gifts to institutions and organizations with which the Bakers have personal connections.
Grantmaking
The foundation made 18 grants in its most recent reporting year. Annual giving totaled $13.6 to $14.3 million (2023-2024).
Invitation Only
** The foundation does not accept unsolicited requests for funds and only makes contributions to preselected charitable organizations. The application type is invitation only with no public application process.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, California, Illinois, Pennsylvania, Connecticut, and Washington.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $97,145,156 (as of November 2024)
Annual Giving: $13,630,249 (fiscal year ending November 2024)
Total Revenues: $86,232,267 (fiscal year ending November 2024)
- Investment income and dividends: $3,800,589
- Net gain from sale of non-inventory assets: $82,546,271
Total Expenses: $14,966,979 (fiscal year ending November 2024)
Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Felix Baker serves as President, Treasurer, and Secretary. He is the co-founder of Baker Brothers Advisors (now Baker Brothers Investments), a prominent biotech investment firm. Felix serves on Stanford University's Board of Trustees and advisory councils overseeing Stanford's interdisciplinary biosciences institutes.
Heather Baker serves as Director. She is a graduate of Northwestern University and serves on the board of overseers at NYU Langone Medical Center. She is also involved with the Center for Hearing and Communication.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FELIX BAKER | PRESIDENT,TREASURER,SECRETARY | 1 | — |
| HEATHER BAKER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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