The HBB Foundation
The HBB Foundation is a private foundation based in DeKalb, Illinois. In 2024, it awarded 22 grants totaling $1,057,500 to organizations including a fine-printing museum, a children-and-families initiative, a high school agricultural program, libraries, and a river conservation organization.
The HBB Foundation at a glance
In short: The HBB Foundation gave $1.1M across 22 grants in 2024 (avg $48K), top state Colorado. 50% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,057,500
- +44.0% vs 2023
- Grants made (2024)
- 22
- -12.0% vs 2023
- Average grant
- $48,068
- +63.7% vs 2023
- Median grant
- $22,500
- Total assets
- $15,371,746
- +2.6% vs 2023
- New grantees (estimate)
- 50% first-time grantees (11 of 22, 2024; small sample)
- Primary geography
- Colorado (35% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The HBB Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 7985 Keslinger Road, Dekalb, IL 60115
Phone: (815) 756-2431
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The HBB Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Grabhorn Institute ($225K). Together the top 10 received $933K.
Grant Size Distribution
135 grants across all recorded years
The most common grant size was under $50K: 107 grants of 135 (79%).
Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars went to recipients in Colorado (35%), California (21%), Georgia (18%), and Massachusetts (14%); Texas received 4%. Listed recipients were also located in Connecticut, New York, and Minnesota.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
States
Cities
Is The HBB Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 11 of 22 grantees (50%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $32K; repeat grants $64K. How we count
Medians: $10K first-time, $38K repeat.
- 45% of 2024 grantees were also funded in 2023. Method
- Giving grew 22% from 2021 to 2024. Method
- In 2024 it paid out 124% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $585K (2019) to $1.1M (2024). In 2024 it made 22 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grabhorn Institute San Francisco, CA | General Operating | $225,000 |
| Greenlight Fund Inc Boston, MA | General Operating | $150,000 |
| Soroco High School Oak Creek, CO | Agricultural Program | $150,000 |
| Atlanta Educational Telecommunications Collaborative Atlanta, GA | General Operating | $100,000 |
| Denver Public Library Friends Foundation Denver, CO | DPL Central Branch | $100,000 |
| Chattahoochee Riverkeeper Inc Smyrna, GA | General Operating | $75,000 |
| South Routt Library Friends Oak Creek, CO | South Routt Libraries | $40,000 |
| University of Texas Foundation Austin, TX | General Operating | $37,500 |
| Western Stock Show Association Denver, CO | Junior Livestock Auction | $30,000 |
| Taft School Corporation Watertown, CT | General Operating | $25,000 |
Ready to take the next step with The HBB 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 | $15,371,746 | $1,868,581 | $1,204,682 | $1,057,500 | 22 | $1,085,511 | $1,578,905 | $877,364 |
| 2023 | $14,987,204 | $612,330 | $853,382 | $734,172 | 25 | $745,117 | $504,165 | $810,621 |
| 2022 | $15,226,404 | $451,421 | $914,278 | $758,000 | 29 | $775,284 | $312,427 | $850,681 |
| 2021 | $15,689,261 | $1,770,971 | $983,668 | $869,500 | 32 | $884,814 | $1,672,117 | $945,444 |
| 2020 | $14,904,823 | $299,534 | $727,540 | $630,000 | 27 | — | $231,058 | $809,963 |
| 2019 | $15,332,804 | $826,058 | $684,556 | $585,000 | 38 | — | $750,321 | $802,066 |
Under IRS private-foundation payout rules, The HBB Foundation reported a distributable amount of $877K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and activities. Grantee descriptions include the Grabhorn Institute’s work to preserve fine printing and educate the public about it; Greenlight Fund Inc’s work to identify needs in high-poverty urban areas and bring programs to address them; and Mountain Valley Horse Rescue’s work to care for and rehabilitate horses.
Other 2024 recipients included organizations whose stated missions address humanitarian crises (International Rescue Committee), homelessness and hunger (Intown Collaborative Ministries), pet homelessness and animal suffering (Denver Dumb Friends League), and community needs and philanthropy (DeKalb County Community Foundation). These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation awarded 22 grants totaling $1,057,500. Awards ranged from $1,000 to $225,000, with a median of $22,500. Its largest listed grants included $225,000 to the Grabhorn Institute, $150,000 each to Greenlight Fund Inc and Soroco High School, and $100,000 each to Atlanta Educational Telecommunications and Denver Public Library Friends Foundation. The listed purposes included general operating support, an agricultural program, and the DPL Central Branch.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Taylor Kirkpatrick as president, Timothy Kirkpatrick as vice president, and Meredith Lederhos as treasurer and secretary.
The HBB Foundation is led by Taylor Kirkpatrick, President on every filing since 2019; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Taylor Kirkpatrick
President
On filings since 2019
2 hrs/week
No compensation reported
Meredith Lederhos
Treasurer & Secretary
Secretary → Treasurer & Secretary, 2024
On filings since 2020
2 hrs/week
No compensation reported
Timothy Kirkpatrick
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Former officers (1)
- Former: Mark Stephenitch (2019) — Treasurer & Secretary
Data from IRS Form 990 filings, 2019–2024. "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 HBB Foundation
How much does The HBB Foundation give each year?
The HBB Foundation gave $1.1M across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $734K across 25 grants.
What is The HBB Foundation's typical grant size?
The HBB Foundation's median grant in 2024 was $22,500, and its average grant was $48,068, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The HBB Foundation that year got $32K on average.
Where does The HBB Foundation give grants?
The HBB Foundation's top state is Colorado, with 35% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (21%) and Georgia (18%). The most frequent recipient cities were Denver, CO (4 grants), Atlanta, GA (3 grants) and Oak Creek, CO (2 grants).
Does The HBB Foundation give general operating support?
Yes: 64% of The HBB Foundation's 2024 grants with a stated purpose (14 of 22) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The HBB Foundation's largest grantees?
The HBB Foundation's largest 2024 grantees include Grabhorn Institute ($225,000), Greenlight Fund Inc ($150,000) and Soroco High School ($150,000), according to its 2024 IRS Form 990-PF. Together they received 50% of its itemized 2024 grant dollars.
How large is The HBB Foundation?
The HBB Foundation reported $15.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $877K (roughly 5% of its investment assets).
What does The HBB Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and activities. See mission & focus areas ↑
How do I apply for a grant from The HBB Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The HBB Foundation's EIN?
The HBB Foundation's EIN (Employer Identification Number) is 36-6104969. IRS Form 990 filing data is available on this page for 2019–2024.
Does The HBB Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 22, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2019–2024
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Cite this profile
Grantable. (2026). The HBB Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/the-hbb-foundation-morg_ba5315f1404249c0a228eac6aec2a35e
BibTeX
@misc{grantable_366104969_2026,
author = {{Grantable}},
title = {{The HBB Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-hbb-foundation-morg_ba5315f1404249c0a228eac6aec2a35e},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The HBB 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.
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