The Hitt Family Foundation Inc
The Hitt Family Foundation Inc is a private foundation, based in Vero Beach, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $170K in total assets. In 2025, it awarded 6 grants totaling $19K. Net investment income was $7K.
The Hitt Family Foundation Inc at a glance
In short: The Hitt Family Foundation Inc gave $19K across 6 grants in 2025 (avg $3K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,200
- +11.7% vs 2024
- Grants made (2025)
- 6
- -25.0% vs 2024
- Average grant
- $3,200
- +48.9% vs 2024
- Median grant
- $2,500
- Total assets
- $169,946
- -5.4% vs 2024
- Primary geography
- Florida (74% 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 Hitt Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Literacy Services of Indian River C ($5K). Together the top 6 received $19K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 40 grants of 40 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How The Hitt Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 219% 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 2020 to 2025, annual grant giving ranged from $13K (2023) to $21K (2021). In 2025 it made 6 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Literacy Services of Indian River C Vero Beach, FL | General Charitable Purpose | $5,400 |
| Quail Valley Charities Vero Beach, FL | General Charitable Purpose | $5,300 |
| Trustees of Univ of Pennsylvania Philadelphia, PA | General Charitable Purpose | $2,500 |
| Cure Epilepsy Chicago, IL | General Charitable Purpose | $2,500 |
| United Way of Indian River County Vero Beach, FL | General Charitable Purpose | $2,500 |
| Ocean Research Conservation Assoc I Fort Pierce, FL | General Charitable Purpose | $1,000 |
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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 | $169,946 | $-24,069 | $19,200 | $19,200 | 6 | $19,200 | $6,534 | $8,758 |
| 2024 | $179,670 | $-2,181 | $17,190 | $17,190 | 8 | $17,190 | $5,003 | $9,080 |
| 2023 | $176,590 | $7,668 | $12,945 | $12,945 | 8 | $12,945 | $7,668 | $8,315 |
| 2022 | $158,346 | $-11,532 | $20,760 | $19,700 | 10 | $19,700 | $6,078 | $9,091 |
| 2021 | $254,571 | $74,117 | $21,470 | $21,025 | 8 | $21,025 | $74,117 | $12,240 |
| 2020 | $268,741 | $32,001 | $19,492 | $18,875 | 8 | — | $32,001 | $10,844 |
Under IRS private-foundation payout rules, The Hitt Family Foundation Inc reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Hitt Family Foundation Inc is led by James A. Hitt, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
James A. Hitt
President
On filings since 2020
1 hr/week
No compensation reported
Joann Hitt
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Hitt Family Foundation Inc
How much does The Hitt Family Foundation Inc give each year?
The Hitt Family Foundation Inc gave $19K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17K across 8 grants.
What is The Hitt Family Foundation Inc's typical grant size?
The Hitt Family Foundation Inc's median grant in 2025 was $2,500, and its average grant was $3,200, across 6 grants on its 2025 IRS Form 990-PF.
Where does The Hitt Family Foundation Inc give grants?
The Hitt Family Foundation Inc gives mostly in Florida: 74% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Pennsylvania (13%) and Illinois (13%). The most frequent recipient cities were Vero Beach, FL (3 grants).
Does The Hitt Family Foundation Inc give general operating support?
Yes: 100% of The Hitt Family Foundation Inc's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Hitt Family Foundation Inc's largest grantees?
The Hitt Family Foundation Inc's largest 2025 grantees include Literacy Services of Indian River C ($5,400), Quail Valley Charities ($5,300) and Trustees of Univ of Pennsylvania ($2,500), according to its 2025 IRS Form 990-PF. Together they received 69% of its itemized 2025 grant dollars.
How large is The Hitt Family Foundation Inc?
The Hitt Family Foundation Inc reported $170K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets).
What is The Hitt Family Foundation Inc's EIN?
The Hitt Family Foundation Inc's EIN (Employer Identification Number) is 26-3680854. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 18, 2026)
- IRS filings on file for fiscal years 2020–2025
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