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Filing year 2023

HESS FOUNDATION INC

Parsippany, New Jersey·EIN 22-1713046·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$43.2M
Total assets
$219.2M
Total expenses
$74.4M
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2023. HESS FOUNDATION INC reported 4 unpaid officers and board members on its 990-PF.

Director, President
Outgoing Director, Treasurer
Director, Secretary
Director, Vice President

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$63.4M

Itemized grants

141

Median grant

$50k

RecipientLocationPurposeAmount
ICAHN SCHOOL OF MEDICINENEW YORK, PATHE RAQUEL AND JAIME GILINSKI DEPARTMENT OF OBSTETRICS, GYNECOLOGY AND REPRODUCTIVE SCIENCE AND UNRESTRICTED PURPOSES$20.1M
STEPPINGSTONE FOUNDATIONBOSTON, MAENDOWMENT FOR STAFF SALARIES AND UNRESTRICTED PURPOSES$5.3M
HARVARD BUSINESS SCHOOLCAMBRIDGE, MAJOHN B. HESS FUND FOR INNOVATION AND LEADERSHIP, THE HBS DEAN'S HONORARY ENDOWMENT FOR BUSINESS AND SOCIETY AND UNRESTRICTED PURPOSES$5.2M
COLLEGE OF PHYSICIANS OF PHILADELPHIAPHILADELPHIA, PAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$5M
LINCOLN CTR FOR THE PERFORMING ARTSNEW YORK, PAFOR THE DESIGN, RECONSTRUCTION AND ENDOWMENT OF DAVID GEFFEN HALL AND UNRESTRICTED PURPOSES$4.3M
PHILADELPHIA ORCHESTRAPHILADELPHIA, PAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$4M
CENTER FOR STRATEGIC & INTERNATIONAL STUDIESWASHINGTON, DCAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$2M
FRANKLIN INSTITUTEPHILADELPHIA, PAEARTH SYSTEMS EXHIBIT AND UNRESTRICTED PURPOSES$1.6M
CP 2023PHILADELPHIA, PAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$1.5M
PARK AVENUE SYNAGOGUENEW YORK, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$1.1M
MUSEUM ASSOCIATESLOS ANGELES, CAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$1.1M
USTA FOUNDATION INCORPORATEDWHITE PLAINS, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$1M
EJS PRESIDENTIAL FOUNDATIONWASHINGTON, DCAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$550k
FILM SOCIETY OF LINCOLN CENTER INCNEW YORK, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$500k
KODE WITH KLOSSY INCBURLINGTON, MAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$500k
UNITED WAY OF GREATER HOUSTONHOUSTON, TXAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$500k
CENTER FOR REPRODUCTIVE RIGHTSNEW YORK, CAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$350k
MOUNT SINAI HOSPITALNEW YORK, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$325k
TRUSTEES OF THE UNIVERSITY OF PAPHILADELPHIA, PAWILLIAMS FELLOWSHIP/LDI HEALTHCARE ACCESS & AFFORDABILITY RESEARCH FUND/UNRESTRICTED$320k
STUDIO MUSEUM IN HARLEMNEW YORK, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$300k
WHITNEY MUSEUM OF AMERICAN ARTNEW YORK, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$260k
EISENHOWER EXCHANGE FELLOWSHIPSPHILADELPHIA, PAENDOWING THE DR. WALTER T. GWENIGALE FELLOWSHIP$250k
RYAN'S CASE FOR SMILESWAYNE, PAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$250k
SHARE FOOD PROGRAMPHILADELPHIA, PAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$250k
SPONSORS FOR EDUCATIONAL OPPORTUNITYNEW YORK, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$250k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

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

RevenueExpenses
$21.6M
$49M
2022
$43.2M
$74.4M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New Jersey

HESS FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New Jersey earns a median of $24,000.

25th percentile
$10k
Median
$24,000
75th percentile
$63k
90th percentile
$178k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 688 organizations across 688 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New Jersey
FAQ

Common questions about HESS FOUNDATION INC

What are HESS FOUNDATION INC's revenue and expenses?

In 2023, HESS FOUNDATION INC reported $43.2M in total revenue and $74.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.