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· Private foundation

The Steve & Lana Hardy Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$210k
Granted FY2025still arriving
8
Grants FY2025still arriving
4
States reached
$30k
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Social Science$546kPublic Benefit$420kEducation$250kCrime & Legal$225kCommunity Improvement$225kArts & Culture$173kHealth$100k
02FY2025 · 8 grants

Where the money goes

Grants by size, and the largest recipients.

$25,000
Median grant
4
States reached
$3.5M
Total assets
Largest grants
RecipientAmount
GEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER$30,000
BUFFALO CREEK ART CENTER$30,000
ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK)$30,000
COMPETITIVE ENTERPRISE INSTITUTE$25,000
INSTITUTE FOR JUSTICE$25,000
REASON FOUNDATION$25,000
CATO INSTITUTE$25,000
NEVADA POLICY RESEARCH INSTITUTE$20,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–25) land where the poverty rate runs at 11%, against an area that typically sits at 11%. 53% of its dollars go to grantees based in above-average-need neighborhoods. Its grants spread fairly evenly across need levels.

area typical 11%EISENHOWER HEALTH FOUNDATION: $50k → 11%REASON FOUNDATION: $30k → 14%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $30k → 14%GEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER: $30k → 7%BUFFALO CREEK ART CENTER: $30k → 8%NEVADA POLICY RESEARCH INSTITUTE: $36k → 13%EISENHOWER HEALTH FOUNDATION: $50k → 11%REASON FOUNDATION: $25k → 14%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $30k → 14%GEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER: $30k → 7%BUFFALO CREEK ART CENTER: $30k → 8%NEVADA POLICY RESEARCH INSTITUTE: $30k → 13%REASON FOUNDATION: $25k → 14%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $30k → 14%GEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER: $30k → 7%BUFFALO CREEK ART CENTER: $30k → 8%NEVADA POLICY RESEARCH INSTITUTE: $30k → 13%REASON FOUNDATION: $25k → 14%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $30k → 14%GEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER: $30k → 7%BUFFALO CREEK ART CENTER: $30k → 8%NEVADA POLICY RESEARCH INSTITUTE: $30k → 13%REASON FOUNDATION: $25k → 14%COMPETITIVE ENTERPRISE INSTITUTE: $25k → 14%GEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER: $30k → 7%BUFFALO CREEK ART CENTER: $30k → 8%NEVADA POLICY RESEARCH INSTITUTE: $30k → 13%REASON FOUNDATION: $25k → 14%COMPETITIVE ENTERPRISE INSTITUTE: $25k → 14%GEORGE MASON UNIV FNDN-MERCATUS CENTER: $30k → 7%NEVADA POLICY RESEARCH INSTITUTE: $30k → 13%REASON FOUNDATION: $25k → 14%COMPETITIVE ENTERPRISE INSTITUTE: $25k → 14%GEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER: $30k → 7%NEVADA POLICY RESEARCH INSTITUTE: $30k → 13%COMPETITIVE ENTERPRISE INSTITUTE: $25k → 14%INSTITUTE FOR JUSTICE: $25k → 7%NEVADA POLICY RESEARCH INSTITUTE: $30k → 13%COMPETITIVE ENTERPRISE INSTITUTE: $25k → 14%INSTITUTE FOR JUSTICE: $25k → 7%COMPETITIVE ENTERPRISE INSTITUTE: $25k → 14%INSTITUTE FOR JUSTICE: $25k → 7%COMPETITIVE ENTERPRISE INSTITUTE: $25k → 14%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $35k → 7%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $35k → 7%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $30k → 7%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $30k → 7%ATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $30k → 7%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

100%of every dollar goes to organizations it has funded before.
$1.9M · 10 repeat orgs$0 to everyone else

10 repeat relationships: 8 still active in FY2025, 2 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

10
0

Total granted

$1.9M
$0

Still filing today

80%
0%

New vs renewed · share of each year

In FY2025, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24’25
Civil RightsPublic BenefitSocial ScienceEducationArts & CultureHealthOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • NP
    NEVADA POLICY RESEARCH INSTITUTE
    9× · 2017–2025 · $266k · revenue +75%
  • CE
    COMPETITIVE ENTERPRISE INSTITUTE
    9× · 2017–2025 · $225k · revenue +76%
  • IF
    INSTITUTE FOR JUSTICE
    9× · 2017–2025 · $225k · revenue +57%

Funded once

    How this is measured

    Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

    04Its field

    Closest unfunded matches

    The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

    1
    Competition & Innovation Institute
    Public Benefit
    2
    American Enterprise Institute for Public Policy Research

    The american enterprise institute is a community of scholars and supporters committed to expanding liberty, increasing individual opportunity, and strengthening free enterprise. aei pursues these ideals through independent thinking and the…

    Social Science
    3
    Liberty Justice Center

    To advance economic and social liberties and a free enterprise society through strategic litigation, training, communication, activism and research. in addition, the center will train law students, lawyers and policy activists in the…

    Crime & Legal
    4
    Independence Institute

    The mission of independence institute is to empower individuals and to educate citizens,legislators and opinion makers about public policies that enhance personal and economic freedom.

    Public Benefit
    5
    Frontiers of Freedom Institute

    To educate the public on constitutional issues and public policy matters. We are dedicated to the principles of individual liberty, peace through strength, limited government, free enterprise, and the values embodied in the Declaration of…

    Public Benefit
    6
    International Republican Institute

    Iri advances freedom and democracy worldwide by developing political parties, civic institutions, open elections, democratic governance and the rule of law.

    Education
    7
    Peter G Peterson Institute for International Economics

    The peterson institute for international economics (piie) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical…

    Social Science
    8
    Technology Policy Institute
    International
    9
    The International Institute for Strategic Studies - Us

    To provide accurate, objective information and analysis on international strategic issues for legislators, diplomats, foreign affairs analysts, international business leaders, economists, the military, defense commentators, journalists,…

    International
    10
    Institute for Energy Research

    The institute for energy research (ier) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. ier maintains that freely functioning…

    Environment
    11
    The Libertarian Institute

    Disseminate information and education about pertinent economic, social and governmental topics, via print, web and other media to educate the public about the principles of LIbertarianism.

    Education
    12
    Open Markets Institute

    The open markets institute works to help people relearn how to use competition policy to build stronger democracies, more just and equitable societies, more innovative and sustainable economies, and a more secure and peaceful world.

    Education
    How this is measured
    The grantee most central to the portfolio’s shape is Competitive Enterprise Institute; the most unlike its peers is Buffalo Creek Art Center Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
    04the grantee network

    8 grantees tracked through their own filings, 2017–2025.

    Each grant beside the grantee’s revenue from every source, year by year.

    How this is measured

    Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 8 of the 10 grantees resolved in that span have returns of their own we could reconcile.

    Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

    0
    Load-bearing (≥25% of a budget)
    3
    Early backer (in before they grew)
    8/8
    Grantees still filing
    8/8
    Grew since first funded

    Where the money sits, by cause and then by grantee

    NEVADA POLICY RESEARCH INSTITUTE: $266,000 · OtherNEVADA POLICY RESEARCH INSTITUTEGEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTER: $250,000 · OtherGEORGE MASON UNIVERSITY FOUNDATION - MERCATUS CENTERCOMPETITIVE ENTERPRISE INSTITUTE: $225,000 · OtherCOMPETITIVE ENTERPRISE INSTITUTEATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK): $160,000 · OtherATLAS ECONOMIC RESEARCH FOUNDATION (ATLAS NETWORK)INSTITUTE FOR JUSTICE: $225,000 · Civil RightsINSTITUTE FOR…CATO INSTITUTE: $225,000 · Public BenefitCATO INSTITUT…THE REASON FOUNDATION: $195,000 · EducationTHE REASON …BUFFALO CREEK ART CENTER INC: $172,575 · Arts & CultureBUFFALO CR…Atlas Economic Research Foundation: $120,000 · Social ScienceEisenhower Medical Center: $100,000 · Health
    Other$901,000Civil Rights$225,000Public Benefit$225,000Education$195,000Arts & Culture$172,575Social Science$120,000Health$100,000

    Each grantee by its size and the funder’s share of it; top left is load-bearing

    25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetNEVADA POLICY RESEARCH INSTITUTE: $266,000 over 9y, 3.9% of budgetCOMPETITIVE ENTERPRISE INSTITUTE: $225,000 over 9y, 0.4% of budgetINSTITUTE FOR JUSTICE: $225,000 over 9y, 0.1% of budgetCATO INSTITUTE: $225,000 over 9y, 0.1% of budgetTHE REASON FOUNDATION: $195,000 over 8y, 0.2% of budgetBUFFALO CREEK ART CENTER INC: $172,575 over 6y, 15% of budgetAtlas Economic Research Foundation: $120,000 over 4y, 0.3% of budgetEisenhower Medical Center: $100,000 over 2y, 0.0% of budget
    Grantee by grantee: a decade per organization, before and after funding

    A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

    • Who funds NEVADA POLICY RESEARCH INSTITUTE ↗
    • Who funds COMPETITIVE ENTERPRISE INSTITUTE ↗
    • Who funds INSTITUTE FOR JUSTICE ↗
    • Who funds CATO INSTITUTE ↗
    • Who funds THE REASON FOUNDATION ↗
    • Who funds BUFFALO CREEK ART CENTER INC ↗
    • Who funds Atlas Economic Research Foundation ↗
    • Who funds Eisenhower Medical Center ↗

    How much its grantees rely on government

    Each dot is one organization The Steve & Lana Hardy Foundation funds: left to right is the share of its income from government, bottom to top the share from The Steve & Lana Hardy Foundation. Bigger dots raise more.

    2024
    ’20’21’22’23’24’25
    no gov · 00%1%5%11%20%funder's share of their income ↑0%1%3%4%5%share of the org’s income from government →
      no gov moneyreceives it· size = income
      0get no government money at all
      0rely on government for over half their income
      ⤢ axis zoomed · 0–5%
      typical government reliance, FY20–25
      How this is measured
      Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

      On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 10 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

      How this is measured
      Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

      Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

      Source object · view filing

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