The Hearn Educational Fund

PITTSBURGH, PA EIN: 51-6015401

The Hearn Educational Fund is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 8 grants totaling $87K. Net investment income was $90K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

-1.2% YoY

Annual Giving

$87K

-2.8% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$11K

+21.4% YoY

Under IRS private-foundation payout rules, The Hearn Educational Fund reported a distributable amount of $105K for 2024 — the minimum it must pay out in qualifying distributions.

About The Hearn Educational Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $451K (100%)

States

Pennsylvania

Cities

Pittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,815,389	$1,837,616	$1,896,364
Revenue	$108,241	$59,232	$42,557
Expenses	$133,904	$119,295	$145,026
Qualifying Distributions	$114,853	$99,197	$118,794
Net Investment Income	$90,060	$36,369	$21,323
Distributable Amount	$105,153	$92,101	$97,047

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

56 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Olivia Muir ($12,671), Emma Sekscinski ($12,297), William Evans ($11,810).

Recipient	Purpose	Amount
OLIVIA MUIR PITTSBURGH, PA	SCHOLARSHIP	$12,671
EMMA SEKSCINSKI PITTSBURGH, PA	SCHOLARSHIP	$12,297
ANTOINE GRAVAT PITTSBURGH, PA	SCHOLARSHIP	$11,244
COLE GARLICK PITTSBURGH, PA	SCHOLARSHIP	$10,727
JACKSON CALDWELL PITTSBURGH, PA	SCHOLARSHIP	$9,162
EVE SEKSCINSKI PITTSBURGH, PA	SCHOLARSHIP	$9,937
JARED WRIGHT PITTSBURGH, PA	SCHOLARSHIP	$9,243
WILLIAM EVANS PITTSBURGH, PA	SCHOLARSHIP	$11,810

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK NA	TRUSTEE	5	$28,614

Frequently Asked Questions

How large is The Hearn Educational Fund?

As of 2024, The Hearn Educational Fund holds $1.8M in total assets with $108K in annual revenue. It awarded 8 grants totaling $87K in 2024.

Where does The Hearn Educational Fund operate?

The Hearn Educational Fund has awarded grants in Pennsylvania.

What size grants does The Hearn Educational Fund award?

In 2024, The Hearn Educational Fund awarded 8 grants totaling $87K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is The Hearn Educational Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hearn Educational Fund reported a distributable amount of $105K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.