Hess Foundation Inc
Private foundation Parsippany, NJ Still adding venture funds
Hess Foundation Inc reports 18 venture funds, $26M in all; 2 are new since its last report.
Holdings are from its Form 990-PF return for the year ending November 30, 2024, compared with the one for November 30, 2023. That is more than a year ago: it may have added or sold funds since. Foundations file up to ten and a half months after their year ends, and the IRS publishes returns months after that. “Still adding venture funds”: 2 funds on this one were not on the one for November 30, 2023.
The numbers
| Vintage | Venture funds |
|---|---|
| 2018 | 1 |
| 2019 | 1 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 1 |
Updates from Hess Foundation Inc
Largest venture holdings
From its Form 990-PF return for the year ending November 30, 2024; “New” is a fund that wasn’t on the return before it.
| Fund, as reported | Manager | Vintage | Year-end value |
|---|---|---|---|
| Ra Capital Cost | Ra Capital Management, LP | — | $5.8M |
| Thrive Capital Growth B | Thrive Capital | — | $2.8M |
| K5 Global Gowth Fund Cost | K5 Global Advisor LLC | — | $2.5M |
| Thrive Capital PTRS VIII Growth Cost | Thrive Capital | — | $2M |
| Coatue Venture II Cost | Coatue Management | — | $1.8M |
In the app: 13 more venture funds, the 3 firms it pays to manage or advise on its investments. Open Hess Foundation Inc in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
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Within 100 miles, by city: a trip to one can take in the others.
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361 LPs within 100 miles in all: see them on the map.
About this data
Holdings as this foundation lists them on its Form 990-PF (Part II, lines 13 and 15). Amounts are year-end fair market value, or book value where it gives no other, not commitments or returns. As of November 30, 2024; new holdings are those not on its return for the year ending November 30, 2023. Source: IRS Form 990-PF. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.
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