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Hess Foundation, Inc.

Profile

Last Updated: 2016-06-06

At A Glance

Hess Foundation, Inc.

4 Becker Farm Road

Roseland, NJ United States 07068-1600

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business; Politics

Financial Data

(yr. ended 2014-11-30)

Assets: $781,968,392

Total giving: $34,733,880

EIN

221713046

BRIDGE Number

4247694424

Background

Incorporated in 1954 in DE - Founded by the late Leon Hess, who founded Hess Corporation, an integrated oil company based in New York City. He was also a former owner of the New York Jets. John B. Hess, his son, is the current Chairman and C.E.O. of Hess Corporation. Constance H. Williams, his daughter, is a democratic politician and former member of the Pennsylvania State Senate, who represented the 17th District from 2001 to 2009.

Purpose and Activities

Emphasis on higher education and the arts; grants also for hospitals, synagogues, and human services.

Fields of Interest

Subjects
  • Higher education
  • Hospital care
  • Human services
  • Judaism
  • Performing arts
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-11-30

Assets: $781,968,392 (market value)

Gifts received: $32,321,166

Expenditures: $37,808,771

Total giving: $34,733,880

Qualifying distributions: $35,309,803

Giving activities include:

$34,733,880 for 210 grants (high: $16,000,000; low: $750)