EIN 57-0835114

Heritage Classic Foundation

IRS 501(c) type
501(c)(3)
Num. employees
13
Year formed
1987
Most recent tax filings
2023-12-01
Description
The Heritage Classic Foundation enhances South Carolina's community through charitable donations, scholarships, and a PGA TOUR event supporting local educational and cultural initiatives.
Total revenues
$14,506,827
2023
Total expenses
$13,947,268
2023
Total assets
$14,213,549
2023
Num. employees
13
2023

Program areas at Heritage Classic Foundation

The primary mission of the Heritage Classic Foundation is accomplished by operating a pga tour sanctioned golf tournament known as the rbc Heritage presented by boeing. The net procees from the tournament played at the harbour town golf links, hilton head island, sc are used to make distributions to other not-for-profit organizations through grant distributions and scholarships.
Our tartan club program supports the Heritage Classic Foundation's scholar program.
The champions fore charity and birdies for charity are programs we have to encourage donations to local charitable organizations wherein our organization supplements those donations for the benefit of other specific not-for-profit organizations.

Grants made by Heritage Classic Foundation

GranteeGrant descriptionAmount
Community Foundation of the LowcountryGeneral Fund$500,000
Hilton Head Symphony Orchestra (HHSO)General Fund$245,723
Memory MattersGeneral Fund$207,456
...and 61 more grants made totalling $3,037,771

Who funds Heritage Classic Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
PGA TourGeneral Support$245,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$85,799
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$51,000
...and 28 more grants received totalling $628,951

Personnel at Heritage Classic Foundation

NameTitleCompensation
Stephen J. WilmotPresident and Tournament Director$279,346
Morgan HydeVice President Operations$125,241
Derek R PatonVice President Sales and Marketing$432,359
Richard P. ReichelTreasurer$24,000
William G. MilesSecretary$0
...and 1 more key personnel

Financials for Heritage Classic Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,383,435
Program services$11,238,516
Investment income and dividends$373,255
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$511,621
Total revenues$14,506,827

Form 990s for Heritage Classic Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-03-13990View PDF
2022-122023-04-08990View PDF
2021-122022-04-28990View PDF
2020-122021-05-21990View PDF
2019-122020-10-16990View PDF
...and 9 more Form 990s

Organizations like Heritage Classic Foundation

OrganizationLocationRevenue
United Arts of Central FloridaOrlando, FL$12,274,047
United Way of San Antonio and Bexar CountySan Antonio, TX$46,516,828
Orange Bowl CommitteeMiami Lakes, FL$19,885,597
SUN 'n FUNLakeland, FL$9,416,462
Fort Bend County Fair AssociationRosenberg, TX$3,632,539
Des Moines Metro Opera (DMMO)Indianola, IA$5,768,720
Heart O Texas Fair and RodeoWaco, TX$8,640,295
Northwest Washington Fair AssociationLynden, WA$5,257,331
Arizona MusicfestScottsdale, AZ$4,393,234
Newport Festivals FoundationSaratoga Springs, NY$11,504,009
Data update history
August 2, 2024
Received grants
Identified 11 new grant, including a grant for $15,000 from Community Foundation of the Lowcountry
May 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $1,200 from Julia Porter Scurry Family Foundation
April 23, 2024
Updated personnel
Identified 6 new personnel
December 30, 2023
Received grants
Identified 8 new grant, including a grant for $245,000 from PGA Tour
Nonprofit Types
Grantmaking organizationsCharities
Issues
Education
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
PO Box 3244
Hilton Head Island, SC 29928
Metro area
Hilton Head Island-Bluffton, SC
County
Beaufort County, SC
Website URL
heritageclassicfoundation.com/ 
Phone
(843) 671-5755
IRS details
EIN
57-0835114
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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