F B Heron Foundation
- Assets
- $412.8m
- Revenue
- $28.3m
- Investments
- $387.0m
- Employees
- 0
- Location
- New Milford, CT
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 13-3647019
Organization Overview
F B Heron Foundation is located in New Milford, CT. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. F B Heron Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, F B Heron Foundation generated $28.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $15.6m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, F B Heron Foundation has awarded 369 individual grants totaling $18,506,647. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS THROUGH BOARD SERVICE, CONVENING CONFERENCES AND MEETINGS AND PROVIDING DIRECT TECHNICAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana K Bezerra President | 40 | $371,252 | |
Nhadine Leung Vice President/treasurer | 40 | $259,590 | |
Brendan Maher VP - Integrated Capi | 40 | $221,544 | |
Donna Daniels VP - Integrated Capi | 40 | $205,625 | |
Barbara Vanscoy Fixed Income Fellow | 40 | $204,000 | |
Kelly Ryan Fellow | 40 | $204,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tilt Investment Management | 12/30/21 | $450,000 |
Aperio | 12/30/21 | $178,060 |
Bivium | 12/30/21 | $80,000 |
Infograte | 12/30/21 | $115,000 |
Boston Common Asset Management | 12/30/21 | $112,643 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,353,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,857,070 |
| Capital Gain Net Income | $22,857,070 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77,891 |
| Total Revenue | $28,288,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $630,842 |
| Other employee salaries and wages | $1,669,902 |
| Pension plans, employee benefits | $754,812 |
| Interest | $0 |
| Taxes | $370,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,482 |
| Printing and publications | $0 |
| Other expenses | $578,256 |
| Total operating and administrative expenses | $5,835,135 |
| Contributions, gifts, grants paid | $9,778,450 |
| Total expenses and disbursements | $15,613,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,172,141 |
| Savings and temporary cash investments | $6,666,927 |
| Net Accounts receivable | $755,916 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $575,285 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,231,340 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,640,097 |
| Total assets | $412,823,233 |
| Accounts payable and accrued expenses | $762,704 |
| Grants payable | $575,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,568,119 |
| Total liabilities | $2,905,823 |
Grants Awarded
Over the last fiscal year, F B Heron Foundation has awarded $10,754,700 in support to 175 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: ENTERPRISE CAPITAL | $2,000,000 |
Arlington, VA PURPOSE: ENTERPRISE CAPITAL | $1,500,000 |
OPEN POSSIBILITIES DBA POSSIBILITY LABS PURPOSE: PROJECT-BASED | $500,000 |
OPEN POSSIBILITIES DBA POSSIBILITY LABS PURPOSE: PROJECT-BASED | $163,500 |
Detroit, MI PURPOSE: PROJECT-BASED | $150,000 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |
Howard Gilman Foundation Inc New York, NY | $600,733,170 | $27,754,418 |