Heinz Family Foundation
- Assets
- $120.5m
- Revenue
- $7.4m
- Investments
- $81.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 25-1689382
Organization Overview
Heinz Family Foundation is located in Pittsburgh, PA. The organization was established in 1998. 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. Heinz Family 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, Heinz Family Foundation generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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 2016, Heinz Family Foundation has awarded 659 individual grants totaling $28,822,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
ONE OF THE PRIMARY EXEMPT PURPOSES OF THE FOUNDATION IS THE AWARDING OF INDIVIDUAL GRANTS, RECOGNIZING OUTSTANDING ACHIEVEMENTS IN THE AREAS OF THE ARTS, ECONOMY, AND ENVIRONMENT. DURING 2021, TEN GRANTS WERE MADE TO INDIVIDUALS OR CHARITABLE ORGANIZAITONS AS DETAILED ON THE FOLLOWING PAGE. THESE AWARDS ARE GRANTED IN ACCORDANCE WITH IRC SECTION 4945 (G) ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS PURSUANT TO A PROCEDURE APPROVED IN ADVANCE BY THE INTERNAL REVENUE SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mccall Cravens Chief Investment Officer | 8 | $0 | |
Michele Battle Treasurer | 4 | $0 | |
Andre Heinz Class B Permanent Director | 1 | $0 | |
Teresa Heinz Chair/ceo | 2 | $0 | |
Ronald Davenport Term Director | 1 | $0 | |
Christopher Heinz Class B Permanent Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heinz Family Office | 12/30/21 | $1,380,095 |
Fcm Travel Solutions | 12/30/21 | $70,419 |
Burness Communications | 12/30/21 | $124,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $438,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,929,201 |
| Capital Gain Net Income | $10,821,789 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,084 |
| Total Revenue | $7,399,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $120,459 |
| Depreciation | $11,274 |
| Occupancy | $140,270 |
| Travel, conferences, and meetings | $1,475 |
| Printing and publications | $1,000 |
| Other expenses | $1,721,096 |
| Total operating and administrative expenses | $2,634,656 |
| Contributions, gifts, grants paid | $4,910,500 |
| Total expenses and disbursements | $7,545,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,736 |
| Savings and temporary cash investments | $2,946,162 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $18,010 |
| Investments—mortgage loans | $0 |
| Investments—other | $479,590 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,864,711 |
| Total assets | $120,500,416 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $150,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,880,268 |
| Total liabilities | $5,030,268 |
Grants Awarded
Over the last fiscal year, Heinz Family Foundation has awarded $5,147,500 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
JACQUELINE PATTERSON PURPOSE: 2021 HEINZ AWARD WINNER - ENVIRONMENT | $250,000 |
GABRIEL BROWN PURPOSE: 2021 HEINZ AWARD WINNER - ENVIRONMENT | $250,000 |
Brooklyn, NY PURPOSE: FOR THE SOCIAL SECTOR RESILIENCE INITIATIVE | $250,000 |
SANFORD BIGGERS PURPOSE: 2021 HEINZ AWARD WINNER - ARTS | $250,000 |
TANYA AGUINIGA PURPOSE: 2021 HEINZ AWARD WINNER - ARTS | $250,000 |
WILLIAM J BYNUM JR PURPOSE: 2021 HEINZ AWARD WINNER - ECONOMY | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |