Civic Intelligence

Hollis Foundation

EIN 61-1900941 • 501(c)3 • Portland, OR

Profile

The Hollis Foundation is a supporting organization of The Oregon Community Foundation (OCF). The Foundation makes grants that further the mission of OCF which is to improve lives for all Oregonians through the power of philanthropy.

1221 SW Yamhill St 100Portland, OR 97205-2108

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

9th percentile

0.03x

Higher debt load relative to revenue than 9% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

98th percentile

88%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$476,855

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

97th percentile

65%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

380%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$147,453,966

Up $58,079,692 (+65%) from 2023

Liabilities

Up

$1,403,369

Up $1,168,018 (+496%) from 2023

Net Assets

Up

$146,050,597

Up $56,911,674 (+64%) from 2023

Operations
Liabilities / Revenue9th percentileNet Margin98th percentile

Revenue

Up

$50,560,741

Up $40,019,898 (+380%) from 2023

Expenses

Up

$6,116,613

Up $2,943,293 (+93%) from 2023

Net Income

Up

$44,444,128

Up $37,076,605 (+503%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2018: $46,938,194Liabilities 2018: $84,094Net Assets 2018: $46,854,1002018Assets 2019: $49,985,077Liabilities 2019: $128,828Net Assets 2019: $49,856,2492019Assets 2020: $71,931,736Liabilities 2020: $180,154Net Assets 2020: $71,751,5822020Assets 2021: $88,968,365Liabilities 2021: $420,590Net Assets 2021: $88,547,7752021Assets 2022: $70,030,139Liabilities 2022: $304,259Net Assets 2022: $69,725,8802022Assets 2023: $89,374,274Liabilities 2023: $235,351Net Assets 2023: $89,138,9232023Assets 2024: $147,453,966Liabilities 2024: $1,403,369Net Assets 2024: $146,050,5972024

Highlighted filing

2024

Assets$147,453,966
Liabilities$1,403,369
Net Assets$146,050,597
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2018: $47,490,119Expenses 2018: $84,094Net Income 2018: $47,406,0252018Revenue 2019: $1,606,907Expenses 2019: $3,709,006Net Income 2019: -$2,102,0992019Revenue 2020: $18,532,653Expenses 2020: $2,620,064Net Income 2020: $15,912,5892020Revenue 2021: $14,360,180Expenses 2021: $4,110,191Net Income 2021: $10,249,9892021Revenue 2022: -$82,532Expenses 2022: $2,994,082Net Income 2022: -$3,076,6142022Revenue 2023: $10,540,843Expenses 2023: $3,173,320Net Income 2023: $7,367,5232023Revenue 2024: $50,560,741Expenses 2024: $6,116,613Net Income 2024: $44,444,1282024

Highlighted filing

2024

Revenue$50,560,741
Expenses$6,116,613
Net Income$44,444,128
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$147,453,966
Liabilities
$1,403,369
Net assets
$146,050,597
Revenue
$50,560,741
Expenses
$6,116,613
Net income
$44,444,128
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$1.40$146$50.6$6.12$44.4
2023Detailed filing. Detailed filing data is available for this year.$89.4$0.24$89.1$10.5$3.17$7.37
2022Detailed filing. Detailed filing data is available for this year.$70.0$0.30$69.7$0.08$2.99$3.08
2021Detailed filing. Detailed filing data is available for this year.$89.0$0.42$88.5$14.4$4.11$10.2
2020Detailed filing. Detailed filing data is available for this year.$71.9$0.18$71.8$18.5$2.62$15.9
2019Detailed filing. Detailed filing data is available for this year.$50.0$0.13$49.9$1.61$3.71$2.10
2018Detailed filing. Detailed filing data is available for this year.$46.9$0.08$46.9$47.5$0.08$47.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.1
Gross Receipts
$71,320,996
Mission and Program Overview

Mission

The Hollis Foundation is a supporting organization of The Oregon Community Foundation (OCF). The Foundation makes grants that further the mission of OCF which is to improve lives for all Oregonians through the power of philanthropy.

The Hollis Foundation is a supporting organization of The Oregon Community Foundation (OCF). The Foundation makes grants that further the mission of OCF which is to improve lives of all Oregonians through the power of philanthropy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$89,205,019$146,697,773▲ $57,492,754
Cash and Non-Interest-Bearing Accounts$169,255$756,193▲ $586,938
Other Notes and Loans Receivable, Net$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$89,374,274$147,453,966▲ $58,079,692
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$1,000,000▲ $1,000,000
Accounts Payable and Accrued Expenses$235,351$403,369▲ $168,018
Other Liabilities$0$0→ $0
Total Liabilities$235,351$1,403,369▲ $1,168,018
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,138,923$146,050,597▲ $56,911,674
Total Net Assets Fund Balance$89,138,923$146,050,597▲ $56,911,674
Total Liabilities and Net Assets / Fund Balance$89,374,274$147,453,966▲ $58,079,692

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$89,138,923$45,202,875▲ $17,825,412$1,203,579$146,050,597
2023$69,725,880$8,619,747▲ $22,586,363$9,467,404$89,138,923
2022$88,547,775$0▼ $15,327,813$500,000$69,725,880
2021$71,751,582$10,418,240▲ $10,488,144-$88,547,775
2020$49,856,249$18,201,400▲ $6,263,997$-50,000$71,751,582
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
David H AndersonPresident
David VernierDirector
Kirby A DyessDirector
Ray KlinkeAssistant Secretary
Erica D DaleyAssistant Treasurer
Linda L AndersonSecretary
Max WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,202,875
Program Service Revenue
$0
Investment Income
$5,357,866
Other Revenue
$0
All Other Contributions
$45,202,875
Change in Net Assets
$44,444,128

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$45,202,875Market value
Total Noncash Contributions1$45,202,875-

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,615,000
Other Expenses$1,501,613
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,615,000--$4,615,000
Fees for Service Investment Mgmnt Fees-$295,534-$295,534
Other Expenses-$2,500-$2,500
Total Functional Expenses$4,615,000$1,501,613$0$6,116,613

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oregon Community FoundationPortland, OR501(c)(3)Environment$1,000,000
Columbia Land TrustVancouver, WA501(c)(3)Environment$500,000
Wood River Land Trust CompanyHailey, ID501(c)(3)Environment$400,000
Nature Conservancy NationalArlington, VA501(c)(3)Environment$350,000
Oregon Agricultural TrustSalem, OR501(c)(3)Environment$350,000
1000 Friends of OregonPortland, OR501(c)(3)Environment$100,000
Willamette Falls TrustOregon City, OR501(c)(3)Environment$100,000
Land Trust Alliance IncWashington, DC501(c)(3)K12 Education$75,000
Lomakatsi Restoration ProjectAshland, OR501(c)(3)Environment$75,000
Coalition of Oregon Land TrustsPortland, OR501(c)(3)Environment$50,000
Friends of Tryon Creek State ParkPortland, OR501(c)(3)K12 Education$50,000
Gray Family FoundationPortland, OR501(c)(3)K12 Education$50,000
Black Oregon Land TrustCorbett, OR501(c)(3)Environment$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15 Process for Determining Compensation

“Compensation for the organization's top management official is paid by the Oregon Community Foundation, a related tax-exempt organization. Because the organization's top management official, officer, and key employees are not paid by the filing organization, questions 15a & 15b have been answered no in accordance with the IRS instructions.”

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

“David Anderson, Linda Anderson - Family relationship, David Anderson, Linda Anderson - Business relationship”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The Oregon Community Foundation is entitled to appoint 3 (of 5) Trustees of the Board of Trustees. David Anderson (or his successor) is entitled to appoint 1 Trustee. Linda Anderson (or her successor) is entitled to appoint 1 Trustee.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The Form 990 and its supplemental schedules are prepared by the Oregon Community Foundation (OCF) and reviewed by an independent public accounting firm in coordination with the organization's controller. The draft return is then reviewed by the Chief Financial and Operations Officer to ensure completeness and accuracy.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Board members and officers annually receive copies of the Foundation's conflict of interest policy and confirm in writing that they have read, understand and agree to comply with the policy.”

Form 990, Part VI, Line 19 Required documents available to the public

“The Hollis Foundation is a supporting organization of The Oregon Community Foundation (OCF). The OCF consolidated financial statements are posted on its website (www.oregoncf.org). Conflict of interest policies and governing documents are provided upon request either by mail, electronically or review in the office.”

Filing and Contact Details

Filer

Filer Name
Hollis Foundation
EIN
61-1900941
Phone
5032276846
Address
1221 SW Yamhill St 100, Portland, OR 97205-2108

Signing Officer

Name
Erica D Daley
Title
Assistant Treasurer
Phone
5032276846
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Crowe Llp
Address
575 Market Street Suite 3300, San Francisco, CA 94105-5829
Preparer
Diane Kirmaci
Phone
4155761100
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