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 2019 through 2025. As of 2025, the organization holds $5.6M in total assets. In 2025, it awarded 3 grants totaling $220K. Net investment income was $1.5M.
The Herbert Hoover Foundation Inc at a glance
In short: The Herbert Hoover Foundation Inc gave $220K across 3 grants in 2025 (avg $73K), top state Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $220,000
- +0.0% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $73,333
- +0.0% vs 2024
- Median grant
- $100,000
- Total assets
- $5,564,482
- +11.6% vs 2024
- Primary geography
- Iowa (48% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Herbert Hoover Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Hoover Presidential Foundation ($105K). Together the top 3 received $220K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $100–250K range: 10 grants of 15 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The Herbert Hoover Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $193K (2019) to $256K (2022). In 2025 it made 3 grants totaling $220K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hoover Presidential Foundation West Branch, IA | 5K Ops, 70K Cap Campaign, 30K Edu | $105,000 |
| Hoover Institution Stanford, CA | Support for the Fellowship Program | $100,000 |
| Boys & Girls Clubs of America New York, NY | General Operating Budget | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,564,482 | $1,597,575 | $334,148 | $220,000 | 3 | $284,420 | $1,513,711 | $238,354 |
| 2024 | $4,984,965 | $295,956 | $278,534 | $220,000 | 3 | $256,871 | $280,492 | $242,930 |
| 2023 | $4,812,254 | $648,019 | $257,798 | $220,000 | 3 | $239,250 | $638,971 | $221,124 |
| 2022 | $4,437,228 | $159,423 | $267,518 | $256,000 | 3 | $272,945 | $151,759 | $236,465 |
| 2021 | $5,664,857 | $545,943 | $250,111 | $220,000 | 3 | $231,283 | $541,340 | $267,679 |
| 2020 | $5,352,413 | $220,542 | $229,860 | $203,000 | 3 | — | $215,740 | $233,697 |
| 2019 | $4,773,516 | $225,418 | $231,367 | $193,000 | 3 | — | $217,065 | $222,020 |
Under IRS private-foundation payout rules, The Herbert Hoover Foundation Inc reported a distributable amount of $238K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Herbert Hoover Foundation Inc is led by Allan Hoover III, President since 2024 (on filings since 2019); none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Allan Hoover III
President
V-Pres & Trustee → President, 2024
On filings since 2019
1 hr/week
No compensation reported
Margaret Hoover
Chairperson
Trustee → Chairperson, 2024
On filings since 2019
1 hr/week
No compensation reported
Haig G. Mardikian
Director
Secretary, Treasurer & Trste → Trustee, 2024
Trustee → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Jeremiah Milbank III
Director
Trustee → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Wendy H. Borcherdt
Director
Trustee → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Michael W. Gleba
Director
Trustee → Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Stephen B. Gaddis
Director
Trustee → Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Paul Morf
Executive Di
Executive Director → Executive Di, 2025
On filings since 2024
1 hr/week
$40K (2024) → $0 (2025)
Charles G. Palm
Vice President
Trustee → Vice President, 2024
On filings since 2019
1 hr/week
No compensation reported
Roger Mertz
Secretary
Secretary & Treasurer → Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (4)
- Former: Paul L. Davies III (2019–2024) — Trustee
- Former: Roderick W. Shepard (2019–2024) — Trustee
- Former: Darrel Morf (2019–2023) — Executive Director
- Former: Robert J. Swain (2019–2023) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $40K, to Paul Morf (Executive Direc).
Frequently asked questions about The Herbert Hoover Foundation Inc
How much does The Herbert Hoover Foundation Inc give each year?
The Herbert Hoover Foundation Inc gave $220K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $220K across 3 grants.
What is The Herbert Hoover Foundation Inc's typical grant size?
The Herbert Hoover Foundation Inc's median grant in 2025 was $100,000, and its average grant was $73,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Herbert Hoover Foundation Inc give grants?
The Herbert Hoover Foundation Inc's top state is Iowa, with 48% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (45%) and New York (7%).
Does The Herbert Hoover Foundation Inc give general operating support?
Yes: 33% of The Herbert Hoover Foundation Inc's 2025 grants with a stated purpose (1 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Herbert Hoover Foundation Inc?
The Herbert Hoover Foundation Inc reported $5.6M in total assets on its 2025 IRS Form 990-PF. It paid out $284K in qualifying distributions that year, against a required minimum of $238K (roughly 5% of its investment assets).
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 12, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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