The funder's latest Form 990-PF says it gives only to organizations it has already chosen and does not accept unsolicited requests. An introduction is usually the only route.
No public data foundThe return states a posture but gives no instructions.
Application policy: Funds preselected organizations only, as stated on the FY2022 return.
What its returns show
Stated this way on 5 of 6 Form 990-PF returns on record (FY2016 to FY2022). The FY2016 return said: .
Education
136 grants on file · $402K · FY2016–2022
IRS 990 · FY2024
These lines count this foundation's own Form 990-PF returns that the IRS has published as data. An amended return replaces its original. They describe past returns only.
Application guidance comes from the funder's own Form 990-PF, Part XV (the section where a private foundation says how to apply), shown as filed. It is the funder's words, not ours. These fields are free text and the IRS form cuts them short. Filers sometimes put whole sentences in the contact-name box. Shown exactly as filed.
Financials
Grants paid
$55K
FY2024 · grants and similar amounts paid
Total assets
$1.9M
FY2024 · end of year
Revenue
$747K
FY2024
Expenses
$880K
FY2024
Grants paid by year
Total assets by year
Where the money went · FY2024
Program services84%
Management and general16%
Fundraising0%
Form 990 splits expenses into program services, management and fundraising. The split is self-reported, and a grantmaker, a research institute and a direct-service nonprofit book the same work differently. A line the return does not carry reads "not available"; it is never counted as zero.
Year
Form
Revenue
Expenses
Grants paid
Assets
Net assets
FY2024
990
$747,019
$879,973
$55,040
$1,928,927
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
What they fund
Recipient focus areas
Public and societal benefit$106K · 5
Philanthropy and grantmaking$13.1K · 2
Arts and culture$10.6K · 4
Unknown$1,284 · 1
Education$61 · 1
Where recipients are
FL$277K · 125
DC$106K · 5
VA$15.1K · 3
IL$2,000 · 2
UT$1,284 · 1
Based on the 10% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
Grants paid
136 on file
Recipient
Purpose
Amount
Year
Source
STACY BURLISONHOLT, FL
TO AWARD EXCELLENCE IN TEACHING.
$1,000
2016
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed. Some links come from other funders' returns: when three or more of them wrote the same name and state with one EIN, and the city on this row matches, we use that EIN. The name on this row is still shown as this funder wrote it.
Officers and directors
Name
Title
Hours / week
Compensation
Paul S Hsu Ph D
PRESIDENT
5.00
$0
Majes Hsu
VICE PRESIDENT
0.50
$0
D Timothy Herndon
SECRETARY/TREASURER
0.50
$0
From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.
$1,812,438
FY2023
990
$951,801
$1,616,888
$59,419
$2,015,266
$1,945,391
FY2022
990-PF
$1,159,197
$746,379
$567,317
$2,618,693
$2,610,477
FY2020
990-PF
$700,302
$580,808
$560,714
$2,083,035
$2,072,704
FY2019
990-PF
$186,658
$337,817
$337,317
$1,962,894
$1,953,210
FY2018
990-PF
$373,000
$203,600
$176,698
$2,113,273
$2,104,369
FY2017
990-PF
$407
$93,019
$93,019
$1,944,496
$1,934,969
FY2016
990-PF
$2,098,050
$70,469
$70,469
$2,028,445
$2,027,581
The Heartland Institute
Arlington Heights, IL
Science conference - Environ/Climate Change
$1,000
2017
CRYSTAL SKANESLAURAL HILL, FL
TEAMS AWARDS 2020
$1,000
2022
THE HEARTLAND INSTITUTEARLINGTON HEIGHTS, IL
SCIENCE CONFERENCE - ENVIRON/CLIMATE CHANGE
$1,000
2018
MEREDITH COLEMANFORT WALTON BEACH, FL
TEAMS WINNER
$1,000
2019
JOAN MITCHELLLAUREL HILL, FL
TO AWARD EXCELLENCE IN TEACHING.
$1,000
2016
Fort Walton each Rotary ClubFort Walton Beach, FL
Scholarship Drawdown
$1,000
2017
HERITAGE MUSEUM OF NORTHWEST FLORIDAVALPARAISO, FL
GOLF TOURNAMENT HOLE SPONSOR / LUNCH AND LEARN CONTRIBUTION
$1,000
2019
BAKER JROTCBAKER, FL
CHARITABLE
$1,000
2020
FORT WALTON EACH ROTARY CLUBFORT WALTON BEACH, FL
SCHOLARSHIP DRAWDOWN
$1,000
2018
JONA FRIEDMANFORT WALTON BEACH, FL
TEAMS WINNER
$1,000
2019
MORENA MANNUCCIFORT WALTON BEACH, FL
TEAMS AWARDS 2022
$1,000
2022
EMERALD COAST SCIENCE CENTERMatched to this organization because 3 grant-making charities wrote this name with its EIN. Source: Schedule I of their Form 990 returns, fiscal years 2020 to 2025. Counted Oct 9, 2026.FORT WALTON BEACH, FL
CHARITABLE
$1,000
2022
Crestview Area Chamber FoundationCrestview, FL
Charitable
$1,000
2017
FORT WALTON EACH ROTARY CLUBFORT WALTON BEACH, FL
SCHOLARSHIP DRAWDOWN
$1,000
2019
CHOCTAW JROTCFORT WALTON BEACH, FL
CHARITABLE
$1,000
2020
CHOCTAWHATCHEE HIGH - MU ALPHA THETAFORT WALTON BEACH, FL
CHIEF SPONSORSHIP
$1,000
2022
CRESTVIEW AREA CHAMBER FOUNDATIONCRESTVIEW, FL
TO PROVIDE TECHNOLOGY TO STUDENTS.
$1,000
2016
CHOCTAW IB PARENT FOUNDATIONFORT WALTON BEACH, FL
CHARITABLE (REFUND)
$1,000
2022
DOTTIE HOLLANDCRESTVIEW, FL
TO AWARD EXCELLENCE IN TEACHING.
$1,000
2016
BRITTANY TATESHALIMAR, FL
TEAMS AWARDS 2021
$1,000
2022
Choctawhatchee Bay Chapter DARFort Walton Beach, FL