The Hep Foundation Business Trust
The Hep Foundation Business Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 16 grants totaling $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10K
-75.5% YoY
Annual Giving
$17K
-64.0% YoY
Grant Count
16
+77.8% YoY
Avg Grant Size
$1K
-79.7% YoY
Under IRS private-foundation payout rules, The Hep Foundation Business Trust reported a distributable amount of $863 for 2024 — the minimum it must pay out in qualifying distributions.
About The Hep Foundation Business Trust
Based on IRS filings
The Hep Foundation Business Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 16 grants totaling $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,962 | $40,679 | $29,799 |
| Revenue | $826 | $71,905 | $41,879 |
| Expenses | $31,543 | $61,025 | $136,345 |
| Qualifying Distributions | $16,600 | $46,108 | $121,450 |
| Net Investment Income | — | $557 | — |
| Distributable Amount | $863 | $2,065 | $2,871 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Champions for Learning ($9,500), Columbia Art House ($2,500), Cardinal Hill Foundation ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE GRASS TRUST LEXINGTON, KY | GENERAL PURPOSE | $200 |
| EASTERSEALS LEXINGTON, KY | GENERAL PURPOSE | $100 |
| FIRST PRESBYTERIAN CHURCH LEXINGTON, KY | GENERAL PURPOSE | $1,100 |
| SAYRE SCHOOL LEXINGTON, KY | GENERAL PURPOSE | $700 |
| UNIVERSITY OF KENTUCKY LEXINGTON, KY | GENERAL PURPOSE | $200 |
| CARDINAL HILL FOUNDATION LEXINGTON, KY | GENERAL PURPOSE | $1,200 |
| CHAMPIONS FOR LEARNING NAPLES, FL | GENERAL PURPOSE | $9,500 |
| COLONIAL WILLIAMSBURG FOUNDATION WILLIAMSBURG, VA | GENERAL PURPOSE | $200 |
| COLUMBIA ART HOUSE PADUCAH, KY | GENERAL PURPOSE | $2,500 |
| CRESTWOOD CHRISTIAN CHURCH LEXINGTON, KY | GENERAL PURPOSE | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| L EDWIN PAULSON JR | TRUSTEE | — | — |
| JEAN ELLEN PAULSON | SUCCESSOR TR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hep Foundation Business Trust?
The Hep Foundation Business Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, KY. It holds $10K in total assets as of 2024.
How large is The Hep Foundation Business Trust?
As of 2024, The Hep Foundation Business Trust holds $10K in total assets with $826 in annual revenue. It awarded 16 grants totaling $17K in 2024.
Where does The Hep Foundation Business Trust operate?
The Hep Foundation Business Trust has awarded grants in Florida, Kentucky, New York, Ohio, Pennsylvania, Virginia.
What size grants does The Hep Foundation Business Trust award?
In 2024, The Hep Foundation Business Trust awarded 16 grants totaling $17K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Hep Foundation Business Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hep Foundation Business Trust reported a distributable amount of $863 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hep Foundation Business Trust's EIN?
The Hep Foundation Business Trust's EIN (Employer Identification Number) is 30-0200192. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hep Foundation Business Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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