AI Transparency Report
The David H And Suzanne D Hillman Family Foundation demonstrates consistent financial health with a stable asset base, growing from $2,181,092 in 2011 to $2,701,958 in 2023. The organization consistently spends nearly all of its revenue each year, indicating active grantmaking or operational expenses. For example, in 2023, expenses were $1,129,439 against revenues of $1,242,460, showing a high utilization of funds. The foundation's liabilities have remained extremely low, often just $1, which is a strong indicator of financial stability and responsible management.
Spending efficiency appears high given the consistent expenditure of funds relative to revenue. The absence of reported officer compensation across all filings suggests that the foundation operates with minimal administrative overhead in terms of executive salaries, which is a positive sign for donor dollars going directly to mission-related activities. The NTEE code T22 (Private Grantmaking Foundations) aligns with its operational model. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s over a decade, providing a clear historical financial record.