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Filing year 2024

HEDBERG FOUNDATION INC

Lake Forest, Illinois·EIN 39-1684914·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$534k
Total assets
$0
Total expenses
$8.3M
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. HEDBERG FOUNDATION INC reported 3 unpaid officers and board members on its 990-PF.

President/director
Vice President/director
Treasurer/secretary/director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$8.3M

Itemized grants

3

Median grant

$3M

RecipientLocationPurposeAmount
PEGGY HEDBERG FOUNDATIONCINCINNATI, OHUNRESTRICTED CHARITABLE GIFT$3M
CARLA WESTCOTT GIVING FUNDCINCINNATI, OHUNRESTRICTED CHARITABLE GIFT$3M
DEAM FAMILY FUNDCINCINNATI, OHUNRESTRICTED CHARITABLE GIFT$2.3M
Financial trend

Revenue and expenses over time

HEDBERG FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$349k
$491k
2023
$534k
$8.3M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (No assets reported), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Illinois

HEDBERG FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Illinois earns a median of $20,738.

25th percentile
$7k
Median
$20,738
75th percentile
$60k
90th percentile
$148k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 2,342 organizations across 2,342 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Illinois
FAQ

Common questions about HEDBERG FOUNDATION INC

What are HEDBERG FOUNDATION INC's revenue and expenses?

In 2024, HEDBERG FOUNDATION INC reported $534k in total revenue and $8.3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (No assets reported), because foundation pay scales with assets under management, not revenue.