The Hazel Farm Property Foundation
The Hazel Farm Property Foundation is a private foundation, based in Salisbury, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it made $179K in qualifying distributions. Net investment income was $220K.
Key facts about The Hazel Farm Property Foundation
- EIN
- 20-1330518
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $3,968,631
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.0M
+1.5% YoY
Revenue
$259K
+69.3% YoY
Qualifying Distributions
$179K
+17.2% YoY
Expenses
$201K
+15.9% YoY
Under IRS private-foundation payout rules, The Hazel Farm Property Foundation reported a distributable amount of $169K for 2025 — the minimum it must pay out in qualifying distributions.
How The Hazel Farm Property Foundation gives
- Giving fell 92% from 2021 to 2024. Method
- In 2025 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $250 (2024) to $17K (2020). In 2024 it made 1 grant totaling $250.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,968,631 | $3,909,025 | $3,934,393 |
| Revenue | $259,225 | $153,076 | $176,236 |
| Expenses | $200,599 | $173,110 | $160,738 |
| Qualifying Distributions | $178,672 | $152,482 | $160,174 |
| Net Investment Income | $219,958 | $171,203 | $150,701 |
| Distributable Amount | $168,723 | $161,089 | $150,851 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 25, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
The Hazel Farm Property Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Colleen Hazel
Director
On filings since 2020
No compensation reported
Morgan Hazel
Director
On filings since 2020
No compensation reported
Joseph J. Pearce
Treasurer
On filings since 2020
No compensation reported
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 Hazel Farm Property Foundation
How large is The Hazel Farm Property Foundation?
The Hazel Farm Property Foundation reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $179K in qualifying distributions that year, against a required minimum of $169K (roughly 5% of its investment assets).
Where does The Hazel Farm Property Foundation operate?
The Hazel Farm Property Foundation has awarded grants in Maryland.
What is The Hazel Farm Property Foundation's EIN?
The Hazel Farm Property Foundation's EIN (Employer Identification Number) is 20-1330518. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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