The Michael F & Joan G Hoben
The Michael F & Joan G Hoben is a private foundation, based in Vero Beach, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $58K in total assets. In 2025, it awarded 6 grants totaling $43K. Net investment income was $28K.
The Michael F & Joan G Hoben at a glance
In short: The Michael F & Joan G Hoben gave $43K across 6 grants in 2025 (avg $7K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,500
- -24.0% vs 2024
- Grants made (2025)
- 6
- -14.3% vs 2024
- Average grant
- $7,083
- -11.4% vs 2024
- Median grant
- $500
- Total assets
- $57,812
- -21.5% vs 2024
- Primary geography
- Florida (99% 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 Michael F & Joan G Hoben funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Vero Beach Museum of Art ($40K). Together the top 6 received $43K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 37 grants of 37 (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 Michael F & Joan G Hoben gives
- Giving grew 290% from 2022 to 2025. Method
- In 2025 it paid out 574% 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 $7K (2023) to $56K (2024). In 2025 it made 6 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vero Beach Museum of Art Vero Beach, FL | Charitable | $40,000 |
| John's Island Community Service League Vero Beach, FL | Charitable | $1,300 |
| Boys and Girls Club - Vero Beach Vero Beach, FL | Charitable | $500 |
| St Thomas More Church Darien, CT | Charitable Giving | $500 |
| Disabled American Veterans Milford, CT | Charitable Giving | $100 |
| Fraternal Order of Police Indian River Shores, FL | Charitable Giving | $100 |
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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 | $57,812 | $29,427 | $45,278 | $42,500 | 6 | $42,500 | $27,629 | $7,407 |
| 2024 | $73,663 | $45,328 | $57,924 | $55,950 | 7 | $55,950 | $43,368 | $9,670 |
| 2023 | $86,259 | $4,171 | $8,174 | $6,500 | 5 | $6,500 | $2,506 | $10,423 |
| 2022 | $90,262 | $6,370 | $12,604 | $10,900 | 7 | $10,900 | $4,772 | $9,742 |
| 2021 | $96,496 | $15,347 | $20,861 | $18,600 | 12 | $18,600 | $13,736 | $10,056 |
| 2020 | $102,010 | $11,747 | $10,160 | $8,550 | 10 | — | $10,124 | $7,868 |
Under IRS private-foundation payout rules, The Michael F & Joan G Hoben reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Michael F & Joan G Hoben's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joan G. Hoben
Trustee
On filings since 2020
No compensation reported
Michael F. Hoben
Trustee
On filings since 2020
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 Michael F & Joan G Hoben
How much does The Michael F & Joan G Hoben give each year?
The Michael F & Joan G Hoben gave $43K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $56K across 7 grants.
What is The Michael F & Joan G Hoben's typical grant size?
The Michael F & Joan G Hoben's median grant in 2025 was $500, and its average grant was $7,083, across 6 grants on its 2025 IRS Form 990-PF.
Where does The Michael F & Joan G Hoben give grants?
The Michael F & Joan G Hoben gives mostly in Florida: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Vero Beach, FL (3 grants).
Does The Michael F & Joan G Hoben give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on The Michael F & Joan G Hoben's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (3 grants) and "Charitable Giving" (3 grants).
Who are The Michael F & Joan G Hoben's largest grantees?
The Michael F & Joan G Hoben's largest 2025 grantees include Vero Beach Museum of Art ($40,000), John's Island Community Service League ($1,300) and Boys and Girls Club - Vero Beach ($500), according to its 2025 IRS Form 990-PF. Together they received 98% of its itemized 2025 grant dollars.
How large is The Michael F & Joan G Hoben?
The Michael F & Joan G Hoben reported $58K in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What is The Michael F & Joan G Hoben's EIN?
The Michael F & Joan G Hoben's EIN (Employer Identification Number) is 10-6001275. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
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