The Hy5 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 2 grants totaling $35K. Net investment income was $514K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+49.0% YoY
Annual Giving
$35K
Grant Count
2
Avg Grant Size
$18K
Under IRS private-foundation payout rules, The Hy5 Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hy5 Foundation
Based on IRS filings
The Hy5 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 2 grants totaling $35K. Net investment income was $514K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,880,887 | $1,262,619 | $1,257,256 |
| Revenue | $682,980 | $521,137 | $1,002,834 |
| Expenses | $64,712 | $15,774 | $13,933 |
| Qualifying Distributions | $47,172 | $9,724 | $12,041 |
| Net Investment Income | $513,979 | $17,900 | $4,072 |
| Distributable Amount | $78,294 | $39,816 | $12,960 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rebecca K Hyland Memorial Scholarship Fund ($20,000), Shanerock - Always Believe Inc ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| REBECCA K HYLAND MEMORIAL SCHOLARSHIP FUND CHAGRIN FALLS, OH | General & Unrestricted | $20,000 |
| SHANEROCK - ALWAYS BELIEVE INC ROCKY RIVER, OH | General & Unrestricted | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Anthony J Hyland | Dir, Pres, Sec, Treas | 1 | — |
| Mary C Hyland | Dir | 1 | — |
| Patricia A Hyland | Dir | 1 | — |
| Patrick F Hyland | Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hy5 Foundation?
The Hy5 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.9M in total assets as of 2024.
How large is The Hy5 Foundation?
As of 2024, The Hy5 Foundation holds $1.9M in total assets with $683K in annual revenue. It awarded 2 grants totaling $35K in 2024.
Where does The Hy5 Foundation operate?
The Hy5 Foundation has awarded grants in Ohio.
What size grants does The Hy5 Foundation award?
In 2024, The Hy5 Foundation awarded 2 grants totaling $35K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Hy5 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hy5 Foundation reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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