The Helena Foundation Inc
EIN 521522573About
DURING THE 2023 TAX YEAR, THE FOUNDATION DISTRIBUTED ALL ITS ASSETS IN COMPLETE LIQUIDATION OF THE FOUNDATION. THE FAIR MARKET VALUE OF THE FOUNDATION'S ASSETS WAS DISTRIBUTED EQUALLY AMONG THREE PRIVATE FOUNDATIONS: THE BLUE WATERS FOUNDATION, INC. (EIN: 16-1643931); THE DOVANA FOUNDATION, INC. (EIN: 16-1643936); AND THE MHE FOUNDATION, INC. (EIN: 16-1643939) (EACH A "TRANSFEREE FOUNDATION, AND COLLECTIVELY, THE "TRANSFEREE FOUNDATIONS"). THE FOUNDATION TREATED THE PORTION OF THE ASSETS THE FOUNDATION DISTRIBUTED TO THE TRANSFEREE FOUNDATIONS THAT IS EQUAL TO THE FOUNDATION'S UNDISTRIBUTED INCOME FOR 2021, 2022 AND 2023 AS A QUALIFYING DISTRIBUTION WITHIN THE MEANING OF SECTION 4942(G)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE FOUNDATION ENTERED INTO A GRANT AGREEMENT WITH THE TRANSFEREE FOUNDATIONS WHEREBY EACH TRANSFEREE FOUNDATION AGREED TO REDISTRIBUTE AS QUALIFYING DISTRIBUTIONS WITHIN THE MEANING OF SECTIONS 4942(G)(1) AND 4942(G)(3)(A) OF THE CODE, AN AMOUNT EQUAL TO ONE-THIRD OF THE FOUNDATION'S UNDISTRIBUTED INCOME FOR2021, 2022 AND 2023 (THE "QUALIFYING DISTRIBUTION PORTION"). EACH OF THE TRANSFEREE FOUNDATIONS AGREED TO REDISTRIBUTE ITS RESPECTIVE QUALIFYING DISTRIBUTION PORTION ON OR BEFORE DECEMBER 31, 2024, AND TO TREAT ITS RESPECTIVE QUALIFYING DISTRIBUTION PORTION AS A DISTRIBUTION OUT OF CORPUS UNDER SECTION 4942(H)(1)(C) OF THE CODE. TREASURY REGULATION SECTION 1.507-3(A)(5) PROVIDES THAT THE RECORDKEEPING REQUIREMENTS OF SECTION 4942(G)(3)(B) OF THE CODE DO NOT APPLY DURING A PERIOD IN WHICH THE PRIVATE FOUNDATION HAS NO ASSETS.
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $2.1M | $45.1M | $393K | 32 |
| 2017 | $2.1M | $52.8M | $301K | 32 |
| 2018 | $2.5M | $53.9M | $440K | 34 |
| 2019 | N/A | $54.7M | $167K | N/A |
| 2020 | $2.6M | $53.5M | $296K | 37 |
| 2021 | $2.6M | $67.3M | $355K | 31 |
| 2022 | $2.8M | $66.2M | $51K | 30 |
| 2023 | $4.0M | $0 | $3K | 3 |
Grant Size Distribution
Based on 199 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (199 total)
| Purpose | ||||
|---|---|---|---|---|
| The Blue Waters Foundation Inc | Annapolis, MD | $1,330,140 | OPERATING | 2023 |
| The Dovana Foundation Inc | Malibu, CA | $1,330,140 | OPERATING | 2023 |
| The Mhe Foundationinc | Edgewater, MD | $1,330,140 | OPERATING | 2023 |
| Anne Arundel Medical Center | Annapolis, MD | $510,046 | CAPITAL | 2021 |
| Anne Arundel Medical Center | Annapolis, MD | $507,192 | CAPITAL | 2022 |
| Anne Arundel Medical Center | Annapolis, MD | $429,114 | CAPITAL | 2020 |
| Massachusetts Institute of Technology | Cambridge, MA | $362,350 | CAPITAL | 2017 |
| Anne Arundel Medical Center | Annapolis, MD | $354,859 | CAPITAL | 2018 |
| Anne Arundel Medical Center | Annapolis, MD | $319,057 | CAPITAL | 2016 |
| Historic Annapolis | Annapolis, MD | $318,014 | OPERATING | 2022 |
| Historic Annapolis | Annapolis, MD | $312,334 | OPERATING | 2021 |
| Wheelock College | Boston, MA | $299,027 | OPERATING & ENDOWMENT | 2016 |
| Anne Arundel Medical Center | Annapolis, MD | $274,388 | CAPITAL | 2017 |
| Enoch Pratt Free Library | Baltimore, MD | $269,696 | OPERATING | 2016 |
| Wheelock College | Boston, MA | $261,211 | OPERATING & ENDOWMENT | 2022 |
| Enoch Pratt Free Library | Baltimore, MD | $254,241 | OPERATING | 2017 |
| Historic Annapolis | Annapolis, MD | $252,597 | OPERATING | 2020 |
| Massachusetts Institute of Technology | Cambridge, MA | $251,425 | CAPITAL | 2022 |
| Massachusetts Institute of Technology | Cambridge, MA | $250,262 | CAPITAL | 2020 |
| Massachusetts Institute of Technology | Cambridge, MA | $248,426 | CAPITAL | 2018 |
| Enoch Pratt Free Library | Baltimore, MD | $246,847 | OPERATING | 2018 |
| Massachusetts Institute of Technology | Cambridge, MA | $235,897 | CAPITAL | 2021 |
| Trust for Public Land | Washington, DC | $228,417 | CAPITAL | 2018 |
| Chesapeake Bay Foundation | Annapolis, MD | $213,625 | OPERATING | 2021 |
| Trust for Public Land | Washington, DC | $210,861 | CAPITAL | 2017 |