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EIN 22-1713046

Hess Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Parsippany
State
New Jersey
Year formed
1957
Most recent tax filings
2023-11-01
NTEE code, primary
T21: Corporate foundations
Description
The Hess Foundation is a corporate foundation of Hess Corporation, located in Parsippany, NJ, that primarily funds unrestricted grants to support the exempt purposes of its grantees, including financial aid and healthcare access research. Last year, it made 135 grants to organizations such as the Lincoln Center for the Performing Arts.
Total revenues
$21,567,732
2023
Total expenses
$48,984,192
2023
Total assets
$211,018,720
2023
Num. employees
0
2023

Grants made by Hess Foundation

GranteeGrant descriptionAmount
Heights PhiladelphiaAn Unrestricted Grant To Further the Donee's Exempt Purpose.$5,000,000
Center for Strategic and International Studies (CSIS)An Unrestricted Grant To Further the Donee's Exempt Purpose.$2,000,000
Deerfield Academy (DA)An Unrestricted Grant To Further the Donee's Exempt Purpose.$1,550,000
...and 102 more grants made totalling $20,621,500

Personnel at Hess Foundation

NameTitle
John B HessPresident

Financials for Hess Foundation

RevenuesFYE 11/2023
Total grants, contributions, etc.$21,547,444
Investment income and dividends$12,303,388
Net rental income$0
Net gain from sale of non-inventory assets$-12,482,697
Gross sales of inventory$0
Miscellaneous revenues$199,597
Total revenues$21,567,732

Form 990s for Hess Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-112024-10-14990PFView PDF
2022-112023-10-05990PFView PDF
2021-112022-10-15990PFView PDF
2020-112021-10-14990PFView PDF
2019-112021-06-10990PFView PDF
...and 9 more Form 990s

Organizations like Hess Foundation

OrganizationLocationRevenue
Freeport Mcmoran FoundationPhoenix, AZ$19,550,000
Star FoundationHouston, TX$15,290,230
Ergon FoundationJackson, MS$6,529,245
Hess Philanthropic FundNew York, NY$24,091,549
Town Pump Charitable FoundationButte, MT$20,973,993
Warren Charitable FoundationMidland, TX$14,054,675
Hulman and Company FoundationTerre Haute, IN$12,668,522
Ainsworth FoundationSaegertown, PA$9,973,553
Canning FoundationChicago, IL$8,332,723
Hildebrand FoundationHouston, TX$6,249,208
Data update history
December 9, 2024
Posted financials
Added Form 990PF for fiscal year 2023
November 28, 2024
Used new vendors
Identified 2 new vendors, including , and
November 28, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 31, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
14 Sylvan Way 3rd FL
Parsippany, NJ 07054
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Morris County, NJ
Phone
(973) 403-7997
IRS details
EIN
22-1713046
Fiscal year end
November
Taxreturn type
Form 990-PF
Year formed
1957
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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