# Hezlep Family Foundation

Hezlep Family Foundation is an Endowment / Foundation based in Santa Monica, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Santa Monica, United States
- **Region:** North America
- **Address:** 527 Alta Ave, Santa Monica, CA 90402, United States
- **Assets under management:** $50 million - $200 million (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

Hezlep Family Foundation is a foundation based in Santa Monica, US. It manages approximately $3 million in assets, primarily focused on North America.

## Sectors

- Infrastructure
- Real Estate
- Public Equities

## People

- Herbert Hezlep III — Founder
- Douglas E. Hezlep — President
- Mark Hezlep — Runs Econolite, the family business
- Tyler Hezlep — Wealth Advisor at Truepoint Wealth Counsel

## Questions

### What wealth event gave rise to the Hezlep Family Foundation?

The foundation became the primary family investment and philanthropic vehicle after private equity firm Bridgepoint acquired a majority stake in Econolite in 2022. Econolite, run by Mark Hezlep, was the leading North American supplier of traffic signal controllers and intelligent transportation systems — a deeply entrenched industrial business built over decades by the Hezlep family. The transaction converted an operating business into concentrated liquid wealth, shifting the family's posture from operators to allocators.

### How is the Hezlep Family Foundation governed?

Governance is concentrated among immediately named family principals: founder Herbert Hezlep III, president Douglas E. Hezlep, and Econolite operator Mark Hezlep. There is no indication of a non-family board, outside advisory committee, or institutionalized CIO function. This lean model keeps decision-making close but represents a structural constraint should the foundation later add complexity in illiquid asset classes.

## Related profiles

- [Heze Innovation Venture Investment](https://altss.com/profile/heze-innovation-venture-investment)
- [HF Advisory Group](https://altss.com/profile/hf-advisory-group)

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

Canonical page: https://altss.com/profile/hezlep-family-foundation

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