The Hy5 Foundation
The Hy5 Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 2 grants totaling $70K. Net investment income was $1.0M.
The Hy5 Foundation at a glance
In short: The Hy5 Foundation gave $70K across 2 grants in 2025 (avg $35K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,000
- +100.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $35,000
- +100.0% vs 2024
- Median grant
- $35,000
- Total assets
- $2,421,833
- +28.8% vs 2024
- Primary geography
- Ohio (100% 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 Hy5 Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was St Ignatius High School of Cleveland ($50K). Together the top 2 received $70K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The Hy5 Foundation gives
- In 2025 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2024 to 2025, annual grant giving ranged from $35K (2024) to $70K (2025). In 2025 it made 2 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Ignatius High School of Cleveland Cleveland, OH | Academic building renovation fund | $50,000 |
| Rebecca K Hyland Memorial Scholarship Fund Chagrin Falls, OH | General & Unrestricted | $20,000 |
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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 | $2,421,833 | $653,659 | $112,713 | $70,000 | 2 | $84,498 | $1,033,676 | $102,479 |
| 2024 | $1,880,887 | $682,980 | $64,712 | $35,000 | 2 | $47,172 | $513,979 | $78,294 |
| 2023 | $1,262,619 | $521,137 | $15,774 | — | — | $9,724 | $17,900 | $39,816 |
| 2022 | $757,256 | $502,834 | $13,933 | — | — | $12,041 | $4,072 | $11,937 |
| 2021 | $268,355 | $268,355 | — | — | — | — | $1 | $1,062 |
Under IRS private-foundation payout rules, The Hy5 Foundation reported a distributable amount of $102K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Hy5 Foundation is led by Anthony J Hyland, Director, President, Secretary & Treasurer on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Anthony J Hyland
Director, President, Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Mary C Hyland
Director
On filings since 2021
1 hr/week
No compensation reported
Patricia A Hyland
Director
On filings since 2021
1 hr/week
No compensation reported
Patrick F Hyland
Director
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Hy5 Foundation
How much does The Hy5 Foundation give each year?
The Hy5 Foundation gave $70K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 2 grants.
How large is The Hy5 Foundation?
The Hy5 Foundation reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $84K in qualifying distributions that year, against a required minimum of $102K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Hy5 Foundation operate?
The Hy5 Foundation has awarded grants in Ohio.
What is The Hy5 Foundation's EIN?
The Hy5 Foundation's EIN (Employer Identification Number) is 87-3847871. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 25, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 21, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in The Hy5 Foundation's focus areas in our free grants database
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