HB Foundation Inc
Preselected recipients only
HB Foundation Inc is a private foundation in Las Cruces, New Mexico. In tax year 2025 it gave $10,000 in 4 grants; the typical grant was $2,000 and the largest $5,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$10,000
- Number of grants4
- Typical grant$2,000
- Largest grant$5,000
- Assets$435,339
- New grantees50%
Giving in 2025 was down from $21,000 the year before.
50% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $13,008 | 4 | $342,569 |
| 2024 | $21,000 | 6 | $499,797 |
| 2025 | $10,000 | 4 | $435,339 |
How to apply
HB Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What HB Foundation Inc funds
Where it gives
All of its grants went to recipients in New Mexico.
| State | Grants | Amount |
|---|---|---|
| New Mexico | 4 | $10,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| El Ranchito de Los Ninos | Foster care | $5,000 |
| Rebuilding Together | Preserve affordable homeownership | $2,000 |
| New Horizons Symphony | Provide musical education | $2,000 |
| Las Cruces Symphony | Enrich cultural landscape | $1,000 |
Officers and trustees
- Joshua Hakes
- Kimball Hakes
- Christopher Hakes
Questions people ask
Does HB Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does HB Foundation Inc give?
$10,000 in tax year 2025, across 4 grants, with a typical grant of $2,000.
Who runs HB Foundation Inc?
Its 2025 filing lists Joshua Hakes (President), Kimball Hakes (Cfo) and Christopher Hakes (Director).
What does HB Foundation Inc fund?
Based on its grants, mainly arts and culture.