# Hess Foundation

Hess Foundation is an Endowment / Foundation based in Parsippany, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Parsippany, United States
- **Region:** North America
- **Address:** 14 Sylvan Way 3rd Floor, Parsippany, NJ, United States
- **Founded:** 1954
- **Assets under management:** 1066 (Altss estimate)
- **Website:** www.hess.com
- **LinkedIn:** https://www.linkedin.com/company/hess-corporation

## Regulatory record

- **Reports private funds:** No

## About

Leon Hess founded the Hess Foundation in 1954. The entity operates as a private family foundation with John B. Hess as president and Marlene Hess and Constance Williams as vice presidents. Allocations include private equity at roughly 21 percent of reported holdings. Confirmed positions encompass limited partner commitments to Coatue Management funds, K5 Global, Mantis VC, and TQ Ventures. Geographic exposure spans North America and Asia. Direct assets include oceanfront parcels on Tyson Lane in East Hampton and a residence at 730 Park Avenue in New York. The foundation lists estimated giving of $40.98 million focused on education, health, and arts. It sponsored The Frick Fête in Pittsburgh in June 2024. John B. Hess maintains memberships in the Council on Foreign Relations, Economic Club of New York, and The Business Council. Governance centers on family principals with Thomas H. Kean serving as secretary. Service providers include Ernst & Young as auditor and White & Case and Paul Weiss as legal counsel.

## Sectors

- Oil & Gas
- Real Estate
- Venture Capital

## People

- John B. Hess — President
- Marlene Hess — Vice President
- Constance Williams — Vice President
- Thomas H. Kean — Secretary

## Questions

### Who runs investment decisions at Hess Foundation?

John B. Hess serves as president. Marlene Hess and Constance Williams act as vice presidents. Thomas H. Kean serves as secretary.

### Does Hess Foundation participate in fund commitments or only direct deals?

The foundation holds limited partner positions in Coatue Management funds, K5 Global, Mantis VC, and TQ Ventures. It also maintains direct holdings in real estate and art.

### What asset classes appear in Hess Foundation holdings?

Reported allocations include private equity, public equity in Hess Corporation and Hess Midstream, real estate, and venture capital fund commitments.

## Related profiles

- [Deutsche Steuerberater Versicherung](https://altss.com/profile/deutsche-steuerberater-versicherung)
- [Omega Capital](https://altss.com/profile/omega-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hess-foundation

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