The Michael F & Joan G Hoben
The Michael F & Joan G Hoben 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 $74K in total assets. In 2024, it awarded 7 grants totaling $56K. Net investment income was $43K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$74K
-14.6% YoY
Annual Giving
$56K
+760.8% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$8K
+514.8% YoY
Under IRS private-foundation payout rules, The Michael F & Joan G Hoben reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About The Michael F & Joan G Hoben
Based on IRS filings
The Michael F & Joan G Hoben 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 $74K in total assets. In 2024, it awarded 7 grants totaling $56K. Net investment income was $43K.
Focus Areas
Ready to take the next step with The Michael F & Joan G Hoben?
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 | $73,663 | $86,259 | $90,262 |
| Revenue | $45,328 | $4,171 | $6,370 |
| Expenses | $57,924 | $8,174 | $12,604 |
| Qualifying Distributions | $55,950 | $6,500 | $10,900 |
| Net Investment Income | $43,368 | $2,506 | $4,772 |
| Distributable Amount | $9,670 | $10,423 | $9,742 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Vero Beach Museum of Art ($40,000), Diocese of Bridgeport ($12,000), Gifford Youth Achievement Center ($2,200).
| Recipient | Purpose | Amount |
|---|---|---|
| INDIAN RIVER LAND TRUST VERO BEACH, FL | CHARITABLE | $500 |
| VERO BEACH MUSEUM OF ART VERO BEACH, FL | CHARITABLE | $40,000 |
| VNA & HOSPICE FOUNDATION VERO BEACH, FL | CHARITABLE | $500 |
| WOUNDED WARRIOR PROJECT TOPEKA, KS | CHARITABLE | $500 |
| DIOCESE OF BRIDGEPORT TRUMBULL, CT | CHARITABLE | $12,000 |
| GIFFORD YOUTH ACHIEVEMENT CENTER VERO BEACH, FL | CHARITABLE | $2,200 |
| HOSPITAL FOR SPECIAL SURGERY STAMFORD, CT | CHARITABLE | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL F HOBEN | TRUSTEE | — | — |
| JOAN G HOBEN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Michael F & Joan G Hoben?
The Michael F & Joan G Hoben is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VERO BEACH, FL. It holds $74K in total assets as of 2024.
How large is The Michael F & Joan G Hoben?
As of 2024, The Michael F & Joan G Hoben holds $74K in total assets with $45K in annual revenue. It awarded 7 grants totaling $56K in 2024.
Where does The Michael F & Joan G Hoben operate?
The Michael F & Joan G Hoben has awarded grants in Connecticut, District of Columbia, Florida, Kansas, New York, Tennessee.
What size grants does The Michael F & Joan G Hoben award?
In 2024, The Michael F & Joan G Hoben awarded 7 grants totaling $56K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Michael F & Joan G Hoben required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael F & Joan G Hoben reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.