501(c)(3) charity; gifts are tax-deductible.
$17K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $47K a year · 61% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$17K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
990-PF Pt VIII
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$77K
+1% vs prior year
Spent
$139K
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$77K
FY2025▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2021$151K
FY2022$22K
FY2023$74K
FY2024$76K
FY2025$77K
Expenses
$139K
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$115K
FY2021$116K
FY2022$132K
FY2023$121K
FY2024$121K
FY2025$139K
Net assets
$1.1M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2025$1.1M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 63% · $87K Operating & administrative 37% · $52K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990-PF; $17K paid to officers and key staff.

Part VII, Section A · reportable compensation
$17,100Pt VII · Sec A
$212Pt VII · Sec A
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024
Deborah Holley Palms$17,100$17,100
Katherine Palms$212—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

A private foundation based in Suttons Bay, MI.

Questions for Hp Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 16 grants · $87K · 2025–2025
The Leelanau ConservancyFY2025$20,000
Friends of Herman ParkFY2025$10,000
Grand Traverse Regional Land ConservancyFY2025$10,000
FlowFY2025$10,000
Individual RecipientFY2025$5,000
The Leelanau ConservancyFY2025$5,000
Individual RecipientFY2025$5,000
Individual RecipientFY2025$5,000
Dennison UniversityFY2025$3,500
Individual RecipientFY2025$3,000
St Jude Children's Research HospitalFY2025$2,000
Friends of Sleeping BearFY2025$2,000
Individual RecipientFY2025$2,000
Individual RecipientFY2025$1,500
St Aloysius ChurchFY2025$1,500
Pope Francis CenterFY2025$1,500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$5K
Median grantPart XV$5K
Largest grantPart XV$20K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$77K
Investment income$76K
Other income$19
Money out
$139K
Grants paid$87K
Running costs$52K
Owns and owes
$1.1M
net assets
Cash and savings$60K
Total assets$1.1M
Liabilities$0
People
4
listed
Paid2
2In more detail
Revenue in detail
Investment income$76K
Other income$19
Total revenue$77K
Assets in detailEnd of year
Cash and savings together$60K
Total assets$1.1M
Liabilities$0
Net assets$1.1M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $77K$139K−$63K$1.1M 990 PDF
FY2024 $76K$121K−$45K$1.2M 990 PDF
FY2023 $74K$121K−$47K$1.2M 990 PDF
FY2022 $22K$132K−$111K$1.3M 990 PDF
FY2021 $151K$116K$35K$1.4M 990 PDF
FY2020 $63K$115K−$52K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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