The Heinz Endowments
- Assets
- $2.0b
- Revenue
- $120.4m
- Investments
- $779.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 25-1721100
Organization Overview
The Heinz Endowments is located in Pittsburgh, PA. The organization was established in 1993. 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 Endowments 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 12/2022, Heinz Endowments generated $120.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $98.9m during the year ending 12/2022. While expenses have increased by 7.0% 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, Heinz Endowments has awarded 3,013 individual grants totaling $515,087,285. 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
2022
Describe the Organization's Program Activity:
PITTSBURGH READINESS INSTITUTE. SUPPORT OF AN EDUCATION INITIATIVE WHICH PREPARES YOUTH AND YOUNG ADULTS FOR CAREERS.
PUBLICATION OF "H" MAGAZINE. 9,000 PRINT COPIES PLUS WEB ACCESS TO HIGHLIGHT ISSUES OF PUBLIC INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre T Heinz Chair | 3 | $0 | |
Teresa F Heinz Chair Emeritus | 2 | $0 | |
H John Heinz IV Director | 2 | $0 | |
Sasha Heinz Director | 2 | $30,000 | |
Shirley Malcom Director | 2 | $30,000 | |
Carol R Brown Director | 2 | $30,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/22 | $2,040,000 |
Isaacson Miller Inc | 12/30/22 | $265,718 |
Propulsion Squared Llc | 12/30/22 | $337,500 |
Ops Unlimited Inc | 12/30/22 | $165,680 |
Reed Smith Llp | 12/30/22 | $152,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,417,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,771,999 |
| Capital Gain Net Income | $94,892,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,257,156 |
| Total Revenue | $120,446,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,166,077 |
| Other employee salaries and wages | $4,555,356 |
| Pension plans, employee benefits | $1,926,735 |
| Interest | $0 |
| Taxes | $372,776 |
| Depreciation | $707,597 |
| Occupancy | $883,305 |
| Travel, conferences, and meetings | $236,878 |
| Printing and publications | $3,865 |
| Other expenses | $2,597,305 |
| Total operating and administrative expenses | $15,339,137 |
| Contributions, gifts, grants paid | $83,601,646 |
| Total expenses and disbursements | $98,940,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,171 |
| Savings and temporary cash investments | $6,536,431 |
| Net Accounts receivable | $8,123,915 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $29,782,640 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,441,627 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,219,648,046 |
| Total assets | $2,046,165,848 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $55,295,602 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,886,504 |
| Total liabilities | $64,182,106 |
Grants Awarded
Over the last fiscal year, The Heinz Endowments has awarded $138,541,777 in support to 800 organizations.
| Grant Recipient | Amount |
|---|---|
1HOOD MEDIA ACADEMY PURPOSE: TO IMPLEMENT A NON-PARTISAN VOTER INFORMATION AND ENGAGEMENT CAMPAIGN TO INFORM THE PUBLIC AND BOTH PREPARE AND INSPIRE ELIGIBLE VOTERS IN SOUTHWESTERN PENNSYLVANIA TO VOTE IN THE 2022 GENERAL ELECTION | $75,000 |
1HOOD MEDIA ACADEMY PURPOSE: TO GROW THE BLACKPITTSBURGH.COM COMMUNICATIONS AND MEDIA PLATFORM | $175,000 |
A SCHOOLS PITTSBURGHS COMMUNITY ALLIANCE FOR PUBLIC EDUCATION PURPOSE: TO CONVENE INVESTED PARTNERS IN ESTABLISHING A SYSTEM TO COORDINATE COLLECTIVE EFFORTS. AND DEVELOP TOOLS TO INCREASE THE NUMBER OF ETHNICALLY, RACIALLY, AND DIVERSE TEACHERS | $125,000 |
412 FOOD RESCUE INC PURPOSE: TO EXPAND AND SCALE FOOD RECOVERY AND REDISTRIBUTION OPERATIONS, GROW HOME DELIVERY SERVICES AND PILOT A NEW FUTURE OF WORK PROGRAM THAT CAPITALIZES ON SUCCESSFUL TECHNOLOGY PLATFORMS | $200,000 |
ADAGIO HEALTH INC PURPOSE: TO SUPPORT URBAN AND RURAL MATERNAL HEALTH AS A COMPONENT OF THE HEALTH INNOVATION FUND | $125,000 |
ACH CLEAR PATHWAYS PURPOSE: TO SUPPORT THE FIRST ANNUAL HILL DISTRICT ARTS FESTIVAL IN 2022 | $49,500 |