Hg Foundation FY2022 filing

La Jolla, CA · Private foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$155K
+91% vs prior year
Spent
$321K
Net assets
−$58K
By yearFY2020–FY2025
Revenue
$155K
FY2022▲ +91%
Revenue by fiscal year
FY2020$250K
FY2021$81K
FY2022$155K
FY2023$8K
FY2024$1.3M
FY2025$1.3M
Expenses
$321K
FY2022▲ +26%
Expenses by fiscal year
FY2020$242K
FY2021$255K
FY2022$321K
FY2023$302K
FY2024$269K
FY2025$331K
Net assets
−$58K
FY2022▼ -154%
Net assets by fiscal year
FY2020$282K
FY2021$108K
FY2022−$58K
FY2023−$352K
FY2024−$270K
FY2025−$308K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CHg Foundation
EINHdr · item D42-1711544
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2007
Latest filingForm 990FY2025 · Form 990-PF
Principal addressHdr · item CLa Jolla, CA
NTEE classificationIRS BMFFoundations & Grantmakers (T23)
WebsiteHdr · item Jwww.haudenschildgarage.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.70 Operating & administrative $0.30
Grants & contributions paid70%$225K
Operating & administrative30%$96K
Total functional expensesLn 25$321K

Financial health

Is it on solid ground?

Total assets
91K
deployed as grants and operations
Grants paid
225K
in FY2022
Grants made
12grants
total in period
Payout rate
247%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Total assets
$91K
FY2022▼ -16%
Total assets by fiscal year
FY2020$282K
FY2021$108K
FY2022$91K
FY2023$113K
FY2024$158K
FY2025$138K
Total liabilities
$149K
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$149K
FY2023$465K
FY2024$428K
FY2025$446K
Total assetsPt II$91K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$91K
Total liabilitiesLn 26$149K
Total net assetsLn 32−$58K
Months of cash on handcomputed0.4

Statement of Revenue

Part VIII
Contributions & grants$150K · 97%
Investment income$5K · 3%
Contributions & grants97%$150K
Investment income3%$5K
Total revenueLn 12$155K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $91K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $155K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $155K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $155K · Prior year $81K
+91%
Net-asset trend (YoY)
End of year −$58K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $155K · Expenses $321K
-107%
Liabilities-to-Assets
Total liabilities — · Total assets $91K
—
Net-asset ratio
Net assets −$58K · Total assets $91K
-64%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $321K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 91%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Hg Foundation executive salaries →

Governance & Policies

Part VI
  • –Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNot reported
  • Whistleblower policyPt VI · Ln 13Not reported
  • Document retention policyPt VI · Ln 14Not reported
  • Top official’s pay independently reviewedPt VI · Ln 15aNot reported
  • Family or business ties among leadersPt VI · Ln 2Not reported

Mission and programs

What it does.

A private foundation based in La Jolla, CA.

Provided by the organization

This section is blank until Hg Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 12 grants · $208K · 2025–2025
Installation GalleryCA · FY2025$66,666
Ronald McDonald House Charities INCFY2025$40,000
International Community FoundationFY2025$33,333
Villa MusicaCA · FY2025$11,200
Pacific Research InstituteFY2025$10,000
The Gillispie SchoolCA · FY2025$10,000
International Committe for Museums and Collections of Modern ArtFY2025$6,652
Tunnel to Towera FoundationFY2025$4,500
Fundacion Casa Sanata AnaFY2025$2,500
AthenauemFY2025$2,000
Las PatronasCA · FY2025$1,594

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$17K
Median grantPart XV$10K
Largest grantPart XV$67K
Top cause focusNTEEArts & Culture (25%)

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.3M$331K-3% 990 PDF
FY2024 $1.3M$269K×155 990 PDF
FY2023 $8K$302K-95% 990 PDF
FY2022 Viewing $155K$321K+91% 990 PDF
FY2021 $81K$255K-68% 990 PDF
FY2020 $250K$242K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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