The Hite Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.1M in total assets. In 2024, it awarded 13 grants totaling $728K. Net investment income was $80K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.1M
-1.0% YoY
Annual Giving
$728K
-19.1% YoY
Grant Count
13
+62.5% YoY
Avg Grant Size
$56K
-50.2% YoY
Under IRS private-foundation payout rules, The Hite Foundation Inc reported a distributable amount of $751K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hite Foundation Inc
Based on IRS filings
The Hite Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.1M in total assets. In 2024, it awarded 13 grants totaling $728K. Net investment income was $80K.
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 | $15,148,185 | $15,307,718 | $14,409,772 |
| Revenue | $629,566 | $2,470,921 | $3,197,121 |
| Expenses | $795,409 | $1,572,975 | $3,302,032 |
| Qualifying Distributions | $733,192 | $923,530 | $839,086 |
| Net Investment Income | $80,153 | $105,437 | $692,450 |
| Distributable Amount | $751,468 | $742,780 | $797,989 |
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
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Philharmonic-symphony Society of New York Inc ($200,000), The Little Orchestra Society - Orpheon ($150,000), Hias ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| METROPOLITAN OPERA ASSOCIATION INC NEW YORK, NY | GENERAL SUPPORT | $20,000 |
| PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC NEW YORK, NY | GENERAL SUPPORT | $200,000 |
| THE ASPEN INSTITUTE ASPEN, CO | GENERAL SUPPORT | $5,000 |
| THE LITTLE ORCHESTRA SOCIETY - ORPHEON NEW YORK, NY | GENERAL SUPPORT | $150,000 |
| THE YOUNG MENS AND YOUNG WOMENS HEBREW ASSOCIATION NEW YORK, NY | GENERAL SUPPORT | $50,000 |
| WNET NEW YORK, NY | GENERAL SUPPORT | $50,000 |
| AFRICAN PARKS FOUNDATION OF AMERICA NEW YORK, NY | GENERAL SUPPORT | $25,000 |
| MESAYAAT | GENERAL SUPPORT | $25,000 |
| HIAS NEW YORK, NY | GENERAL SUPPORT | $100,000 |
| CENTRAL PARK CONSERVANCY NEW YORK, NY | GENERAL SUPPORT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAWRENCE D HITE | PRESIDENT | 5 | — |
| ALEX GREYSERMAN | TREASURER | 1 | — |
| SHARON HITE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hite Foundation Inc?
The Hite Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. It holds $15.1M in total assets as of 2024.
How large is The Hite Foundation Inc?
As of 2024, The Hite Foundation Inc holds $15.1M in total assets with $630K in annual revenue. It awarded 13 grants totaling $728K in 2024.
Where does The Hite Foundation Inc operate?
The Hite Foundation Inc has awarded grants in Colorado, Florida, Maryland, New Jersey, New York, Washington.
What size grants does The Hite Foundation Inc award?
In 2024, The Hite Foundation Inc awarded 13 grants totaling $728K — an average of about $56K per grant, based on its IRS Form 990 filings.
How much is The Hite Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hite Foundation Inc reported a distributable amount of $751K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hite Foundation Inc's EIN?
The Hite Foundation Inc's EIN (Employer Identification Number) is 22-2856867. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hite Foundation Inc'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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