The Herbert Hoover Foundation Inc
The Herbert Hoover Foundation Inc is a private foundation, based in CEDAR RAPIDS, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 3 grants totaling $220K. Net investment income was $280K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
+3.6% YoY
Annual Giving
$220K
+0.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$73K
+0.0% YoY
Under IRS private-foundation payout rules, The Herbert Hoover Foundation Inc reported a distributable amount of $243K for 2024 — the minimum it must pay out in qualifying distributions.
About The Herbert Hoover Foundation Inc
Based on IRS filings
The Herbert Hoover Foundation Inc is a private foundation, based in CEDAR RAPIDS, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 3 grants totaling $220K. Net investment income was $280K.
Ready to take the next step with The Herbert Hoover Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,984,965 | $4,812,254 | $4,437,228 |
| Revenue | $295,956 | $648,019 | $159,423 |
| Expenses | $278,534 | $257,798 | $267,518 |
| Qualifying Distributions | $256,871 | $239,250 | $272,945 |
| Net Investment Income | $280,492 | $638,971 | $151,759 |
| Distributable Amount | $242,930 | $221,124 | $236,465 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hoover Presidential Foundation ($105,000), Hoover Institution ($100,000), Boys Girls Clubs of America ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS GIRLS CLUBS OF AMERICA NEW YORK, NY | GENERAL OPERATING BUDGET | $15,000 |
| HOOVER INSTITUTION STANFORD, CA | SUPPORT FOR THE STUDENT FELLOWSHIP PROGRAM | $100,000 |
| HOOVER PRESIDENTIAL FOUNDATION WEST BRANCH, IA | GENERAL OPERATING BUDGET $5,000, $70,000 TO THE CAPITAL CAMPAIGN, $30,000 TO EDUCATIONAL PROGRAMMING | $105,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL MORF | Executive Direc | 1 | $40,325 |
| CHARLES G PALM | Vice President | 1 | — |
| PAUL L DAVIES III | Trustee | — | — |
| MARGARET HOOVER | CHAIRPERSON | 1 | — |
| RODERICK W SHEPARD | Trustee | — | — |
| JEREMIAH MILBANK III | Trustee | 1 | — |
| STEPHEN B GADDIS | Trustee | 1 | — |
| MICHAEL W GLEBA | Trustee | 1 | — |
| ALLAN HOOVER III | President | 1 | — |
| WENDY H BORCHERDT | Trustee | 1 | — |
| HAIG MARDIKIAN | Trustee | 1 | — |
| ROGER MERTZ | SEC/TREASURER | 1 | — |
Frequently Asked Questions
How large is The Herbert Hoover Foundation Inc?
As of 2024, The Herbert Hoover Foundation Inc holds $5.0M in total assets with $296K in annual revenue. It awarded 3 grants totaling $220K in 2024.
Where does The Herbert Hoover Foundation Inc operate?
The Herbert Hoover Foundation Inc has awarded grants in California, Iowa, New York.
What size grants does The Herbert Hoover Foundation Inc award?
In 2024, The Herbert Hoover Foundation Inc awarded 3 grants totaling $220K — an average of about $73K per grant, based on its IRS Form 990 filings.
How much is The Herbert Hoover Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Herbert Hoover Foundation Inc reported a distributable amount of $243K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Herbert Hoover Foundation Inc's EIN?
The Herbert Hoover Foundation Inc's EIN (Employer Identification Number) is 13-6101789. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Herbert Hoover Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Texas Instruments Foundation
DALLAS, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
The Wilson Sexton Foundation
PROSPER, TX
Assets
$3.9M
Grants
134
Total Given
$371K
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Oshkosh Area Community Foundation
OSHKOSH, WI
Assets
$200.8M
Grants
126
Total Given
$8.2M
The Toy Foundation Inc
NEW YORK, NY
Assets
$4.0M
Grants
22
Total Given
$400K
Marjorie Moore Charitable Fdn
DALLAS, TX
Assets
$3.4M
Grants
14
Total Given
$147K
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
The Rosalinde and Arthur Gilbert
LOS ANGELES, CA
Assets
$205.9M
Grants
318
Total Given
$13.2M
The Discovery Land Company Foundation
BEVERLY HILLS, CA
Assets
$15.4M
Grants
10
Total Given
$2.3M
The Jcpenney Foundation
PLANO, TX
Assets
$4.7M
Grants
42
Total Given
$507K
J & J Family Foundation
NAPLES, FL
Assets
$27.2M
Grants
40
Total Given
$3.5M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Herbert Hoover Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities