The Hitt Family Foundation Inc
The Hitt Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $180K in total assets. In 2024, it awarded 8 grants totaling $17K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$180K
+1.7% YoY
Annual Giving
$17K
+32.8% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$2K
+32.8% YoY
Under IRS private-foundation payout rules, The Hitt Family Foundation Inc reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hitt Family Foundation Inc
Based on IRS filings
The Hitt Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $180K in total assets. In 2024, it awarded 8 grants totaling $17K. Net investment income was $5K.
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 | $179,670 | $176,590 | $158,346 |
| Revenue | $-2,181 | $7,668 | $-11,532 |
| Expenses | $17,190 | $12,945 | $20,760 |
| Qualifying Distributions | $17,190 | $12,945 | $19,700 |
| Net Investment Income | $5,003 | $7,668 | $6,078 |
| Distributable Amount | $9,080 | $8,315 | $9,091 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Trustees of Univ of Pennsylvania ($3,190), Quail Valley Charities ($2,500), Literacy Services of Indian River C ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| QUAIL VALLEY CHARITIES VERO BEACH, FL | GENERAL CHARITABLE PURPOSE | $2,500 |
| LITERACY SERVICES OF INDIAN RIVER C VERO BEACH, FL | GENERAL CHARITABLE PURPOSE | $2,500 |
| TRUSTEES OF UNIV OF PENNSYLVANIA PHILADELPHIA, PA | GENERAL CHARITABLE PURPOSE | $3,190 |
| PLANNED PARENTHOOD OF S E N FL NEW YORK, NY | GENERAL CHARITABLE PURPOSE | $2,500 |
| CURE EPILEPSY CHICAGO, IL | GENERAL CHARITABLE PURPOSE | $2,500 |
| OCEAN RESEARCH CONSERVATION ASSOC I FORT PIERCE, FL | GENERAL CHARITABLE PURPOSE | $1,000 |
| UNITED WAY OF INDIAN RIVER COUNTY VERO BEACH, FL | GENERAL CHARITABLE PURPOSE | $2,500 |
| CLEAN WATER COALITION VERO BEACH, FL | GENERAL CHARITABLE PURPOSE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES A HITT | President | 1 | — |
| JOANN HITT | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hitt Family Foundation Inc?
The Hitt Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VERO BEACH, FL. It holds $180K in total assets as of 2024.
How large is The Hitt Family Foundation Inc?
As of 2024, The Hitt Family Foundation Inc holds $180K in total assets with $-2,181 in annual revenue. It awarded 8 grants totaling $17K in 2024.
Where does The Hitt Family Foundation Inc operate?
The Hitt Family Foundation Inc has awarded grants in Arkansas, California, Florida, Illinois, Indiana, Maryland, New York, Pennsylvania.
What size grants does The Hitt Family Foundation Inc award?
In 2024, The Hitt Family Foundation Inc awarded 8 grants totaling $17K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Hitt Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hitt Family Foundation Inc reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hitt Family 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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