The Herbert Hoover Foundation Inc

CEDAR RAPIDS, IA EIN: 13-6101789

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $537K (48%)

California $481K (43%)

New York $101K (9%)

States

California Iowa New York

Cities

New YorkStanfordWest Branch

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.