Comprehensive foundation profile based on the most recent IRS Form 990 filing
The Hess Philanthropic Fund is a private foundation based in New York, NY, with significant assets totaling approximately $234 million. The foundation's annual expenses are around $20 million, with revenues slightly exceeding $24 million. The fund focuses on philanthropy and foundations, supporting a wide range of cities across the United States and Canada, including major urban centers like New York, Los Angeles, and Toronto. The foundation is directed by Marlene Hess, Peter Hess Friedland, and Margaret Hess Chi, who do not receive compensation for their roles. The fund supports initiatives in various states, including California, Texas, and Massachusetts, among others.
Focus Areas
Geographic Focus
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Financials
+2.6% from previous year
62 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $5,096,400 | MUSEUM OF MODERN ART | CHARITABLE | New york, NY, US | 2024 |
| $4,494,000 | MUSEUM OF MODERN ART | CHARITABLE | New york, NY, US | 2022 |
| $4,135,000 | ROCKEFELLER UNIVERSITY | CHARITABLE | New york, NY, US | 2024 |
| $3,757,800 | MUSEUM OF MODERN ART | CHARITABLE | New york, NY, US | 2023 |
| $3,200,000 | ROCKEFELLER UNIVERSITY | CHARITABLE | New york, NY, US | 2022 |
| $3,175,000 | ROCKEFELLER UNIVERSITY | CHARITABLE | New york, NY, US | 2023 |
| $2,285,000 | AMERICAN MUSEUM OF NATURAL HISTORY | CHARITABLE | New york, NY, US | 2023 |
| $2,230,000 | AMERICAN MUSEUM OF NATURAL HISTORY | CHARITABLE | New york, NY, US | 2022 |
| $1,650,000 | METROPOLITAN OPERA | CHARITABLE | New york, NY, US | 2023 |
| $1,100,000 | NEW YORK PRESBYTERIAN | CHARITABLE | New york, NY, US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
MH
MARLENE HESS
| DIRECTOR | $0 | 2024 |
PH
PETER HESS FRIEDLAND
| DIRECTOR | $0 | 2024 |
MH
MARGARET HESS CHI
| DIRECTOR | $0 | 2024 |
MARLENE HESS
DIRECTOR
PETER HESS FRIEDLAND
DIRECTOR
MARGARET HESS CHI
DIRECTOR
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025