The Hovey Foundation
The Hovey Foundation is a Pittsburgh-based philanthropic organization dedicated to supporting initiatives across multiple sectors. The foundation operates as a private foundation with a focus on making meaningful contributions to communities across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
-1.9% YoY
Annual Giving
$445K
-2.4% YoY
Grant Count
19
+0.0% YoY
Avg Grant Size
$23K
-2.4% YoY
Under IRS private-foundation payout rules, The Hovey Foundation reported a distributable amount of $223K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation concentrates its grantmaking in the following areas:
- Education
- Health
- Diseases and conditions
- Human services
Grantmaking
The foundation reported expenses of $488,744 in the past year with revenue of $217,841. While specific grant size data is not detailed in available sources, the foundation supports projects across various U.S. cities and states.
Grant Range
data is not detailed in available sources, the foundation supports projects across various U.S. cities and states.
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Geographic Focus
Where this funder awards grants
The Hovey Foundation supports projects across multiple regions, including:
- Washington, D.C.
- Florida
- New York
- Pennsylvania
- Texas
- Virginia
- Wyoming
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $3,943,084
- Annual Expenses: $488,744
- Annual Revenue: $217,841
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,868,435 | $3,943,084 | $4,210,682 |
| Revenue | $410,334 | $217,841 | $115,300 |
| Expenses | $480,526 | $488,744 | $216,304 |
| Qualifying Distributions | $457,521 | $468,544 | $191,206 |
| Net Investment Income | $387,130 | $198,049 | $94,672 |
| Distributable Amount | $223,332 | $218,084 | $230,883 |
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
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Finger Lakes Land Trust ($174,000), Eisenhower Fellowships ($150,000), Wills Eye Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SPRINGSIDE CHESTNUT HILL ACADEMY PHILADELPHIA, PA | GENERAL OPERATING | $5,000 |
| MORRIS ARBORETUM PHILADELPHIA, PA | GENERAL OPERATING | $3,000 |
| WILLS EYE FOUNDATION PHILADELPHIA, PA | GENERAL OPERATING | $25,000 |
| NEIGHBORHOOD HEALTH CLINIC NAPLES, FL | GENERAL OPERATING | $5,000 |
| EISENHOWER FELLOWSHIPS PHILADELPHIA, PA | GENERAL OPERATING | $150,000 |
| NCH CENTER FOR PHILANTHROPY NAPLES, FL | GENERAL OPERATING | $7,500 |
| TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY | GENERAL OPERATING | $5,000 |
| OPERATION HOMEFRONT SAN ANTONIO, TX | GENERAL OPERATING | $1,000 |
| WHITEMARSH FOUNDATION LAFAYETTE, PA | GENERAL OPERATING | $500 |
| FINGER LAKES LAND TRUST ITHACA, NY | GENERAL OPERATING | $174,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership structure includes:
- James Hovey — Trustee
- Carol A. Hovey — Officer
- Brooke Hovey — Officer
- Christian Hovey — Officer
All officers serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES HOVEY | TRUSTEE | — | — |
| CAROL A HOVEY | OFFICER | — | — |
| BROOKE HOVEY | OFFICER | — | — |
| CHRISTIAN HOVEY | OFFICER | — | — |
Frequently Asked Questions
What does The Hovey Foundation fund?
The foundation concentrates its grantmaking in the following areas: • Education • Health • Diseases and conditions • Human services
How do I apply for a grant from The Hovey Foundation?
The foundation reported expenses of $488,744 in the past year with revenue of $217,841. While specific grant size data is not detailed in available sources, the foundation supports projects across various U.S. cities and states.
Where does The Hovey Foundation make grants?
The Hovey Foundation supports projects across multiple regions, including: • Washington, D.C. • Florida • New York • Pennsylvania • Texas • Virginia • Wyoming
What size grants does The Hovey Foundation award?
In 2024, The Hovey Foundation awarded 19 grants totaling $445K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Hovey Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hovey Foundation reported a distributable amount of $223K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hovey Foundation's EIN?
The Hovey Foundation's EIN (Employer Identification Number) is 23-2544450. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hovey Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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