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Nonprofit · EIN 94-3379521

HITZ FOUNDATION

Tax-exempt · PALO ALTO, CA 94304

Financials

$6.9M$5M2023$5.5M$6.9M2024
Revenue Expenses · by fiscal year end
Financials of HITZ FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$5,519,687$6,935,085-$1,415,398$79,493,810$0$79,493,810
December 31, 2023990-PF$6,939,175$5,044,772$1,894,403$81,954,765$0$81,954,765
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,773,492
Dividends
$2,371,842
Interest
$113,015
Net gain from sales of assets
$1,228,406
Other income
$32,932

Expenses

Grants and similar amounts paid
$5,938,000
Compensation of officers, directors and key employees
$257,026
Disbursements for charitable purposes
$6,299,594
Excise tax on investment income
$64,720

Balance sheet and other

Total assets, start of year
$81,954,765
Total assets, end of year
$79,493,810
Total liabilities, end of year
$0
Net assets, end of year
$79,493,810
Fair market value of assets
$85,647,330
Qualifying distributions
$7,299,594
Net investment income
$5,175,075

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KENNETH HITZ
1801 PAGE MILL ROAD, PALO ALTO, CA 94304
PRESIDENT30$257,026$95,073
JASMINE BERJIKLY
1801 PAGE MILL ROAD, PALO ALTO, CA 94304
SECRETARY0.25$0$0
DAVID HITZ
1801 PAGE MILL ROAD, PALO ALTO, CA 94304
TREASURER/CHAIRMAN20$0$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
KENNETH HITZ
1801 PAGE MILL ROAD, PALO ALTO, CA 94304
PRESIDENT30$284,329
KEVIN MCAULIFFE
1801 PAGE MILL ROAD, PALO ALTO, CA 94304
SECRETARY0.25$0
DAVID HITZ
1801 PAGE MILL ROAD, PALO ALTO, CA 94304
TREASURER/CHAIRMAN20$0

Address and contacts

Address (IRS master file)
1801 PAGE MILL RD STE 100, PALO ALTO, CA 94304-1216
In care of
% SANGEETA LAM
Signed the 990-PF
DAVID HITZ, CHAIRMAN
Phone
(650) 845-8100
Return prepared by
FRANK RIMERMAN & CO LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 94-3379521 or by the name HITZ FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
94-3379521
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2001
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$79,493,810
Income (IRS master file)
$10,958,112

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$5,519,687$6,935,085$79,493,810IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$6,939,175$5,044,772$81,954,765XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-3379521).

Questions about HITZ FOUNDATION

What is the EIN of HITZ FOUNDATION?
The employer identification number (EIN) of HITZ FOUNDATION is 94-3379521.
Is HITZ FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to HITZ FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does HITZ FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of HITZ FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HITZ FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of HITZ FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $257,026 (KENNETH HITZ, PRESIDENT).
How much revenue does HITZ FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,519,687, expenses of $6,935,085 and total assets of $79,493,810 at year end.

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