The Heising-Simons Foundation
- Assets
- $866.5m
- Revenue
- $244.9m
- Investments
- $623.4m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 12/2007
- Data as of
- 12/2021
- EIN
- 26-0799587
Organization Overview
The Heising-Simons Foundation is located in Los Altos, CA. The organization was established in 2007. 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. Heising-Simons 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, Heising-Simons Foundation generated $244.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $164.2m during the year ending 12/2021. While expenses have increased by 19.8% 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, Heising-Simons Foundation has awarded 3,161 individual grants totaling $787,013,651. 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:
FOR ADMINISTERING AN ORGANIZATIONAL EFFECTIVENESS RESPONSIVE FUND FOR HEISING-SIMONS FOUNDATION GRANTEES
TO DEVELOP A PROFESSIONAL DEVELOPMENT PLATFORM FOR ECE PROFESSIONALS IN CALIFORNIA
FOR A SERIES OF ART PROJECTS FEATURING AND CELEBRATING WOMEN IN SCIENCE
TO ADMINISTER THE RESPONSIVE FUND FOR GRANTEE COMMUNICATIONS FOR HEISING-SIMONS FOUNDATION GRANTEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Gomby President And CEO | 35.75 | $616,747 | |
Jeffrey P Malloy COO And Treasurer | 36 | $443,147 | |
Cynthia Atherton Program Director | 37.25 | $415,632 | |
Barbara Chow Program Director | 35.25 | $372,775 | |
Brian Eule Director Of Communications & Secretary | 37 | $321,332 | |
Jennifer Shipp General Counsel | 34.5 | $291,809 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amanda Phingbodhipakkiya | 12/30/21 | $317,200 |
Early Wins | 12/30/21 | $867,667 |
Meloy Child And Family Policy Solutions Llc | 12/30/21 | $284,882 |
Melissa L Kelley | 12/30/21 | $135,700 |
Martha Montag Brown & Associates | 12/30/21 | $84,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000,000 |
| Interest on Savings | $916,395 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59,724 |
| Capital Gain Net Income | $4,407,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $194,021,514 |
| Total Revenue | $244,878,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,433,917 |
| Other employee salaries and wages | $7,330,281 |
| Pension plans, employee benefits | $2,886,143 |
| Interest | $0 |
| Taxes | $5,508,452 |
| Depreciation | $1,171,933 |
| Occupancy | $2,111,725 |
| Travel, conferences, and meetings | $162,340 |
| Printing and publications | $22,928 |
| Other expenses | $3,296,145 |
| Total operating and administrative expenses | $26,748,409 |
| Contributions, gifts, grants paid | $137,403,291 |
| Total expenses and disbursements | $164,151,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,254,995 |
| Savings and temporary cash investments | $228,477,978 |
| Net Accounts receivable | $21,448 |
| 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 | $1,905,506 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $616,805,513 |
| Net Land, buildings, and equipment | $4,769,849 |
| Other assets | $2,601,097 |
| Total assets | $866,467,309 |
| Accounts payable and accrued expenses | $2,987,287 |
| Grants payable | $48,033,056 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,825,214 |
| Total liabilities | $56,845,557 |
Grants Awarded
Over the last fiscal year, The Heising-Simons Foundation has awarded $174,740,240 in support to 795 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: FOR THE EARLY CHILDHOOD GOVERNANCE AND FINANCING PROJECT | $5,618,400 |
NATURAL RESOURCES DEFENSE COUNCIL PURPOSE: TO ADVANCE CLIMATE AND CLEAN ENERGY POLICIES | $3,150,000 |
ALLIANCE FOR EARLY SUCCESS PURPOSE: FOR GENERAL SUPPORT | $2,050,000 |
ENVIRONMENTAL DEFENSE FUND INC PURPOSE: FOR GENERAL SUPPORT | $2,000,000 |
San Francisco, CA PURPOSE: FOR A MULTI-DISTRICT, EARLY GRADES CONTINUOUS IMPROVEMENT COLLABORATION | $2,000,000 |
Washington, DC PURPOSE: FOR THE EMERGING BILINGUAL COLLABORATIVE | $2,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Heising-Simons Foundation has recieved totaling $984,588.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $926,869 |
Tides Center San Francisco, CA PURPOSE: QUALITY EDUCATION | $57,719 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $7,102,375,761 | $894,057,700 |
David And Lucile Packard Foundation Los Altos, CA | $0 | $658,614,112 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $0 | $528,454,632 |
Gerson Bakar Foundation San Francisco, CA | $2,671,857,395 | $1,929,752,035 |
Carl Victor Page Memorial Foundation Palo Alto, CA | $3,530,742,616 | $1,087,074,441 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ | $496,549,315 | $85,713,153 |
The Heising-Simons Foundation Los Altos, CA | $866,467,309 | $244,878,185 |
Bin Lin And Daisy Liu Family Foundation Fremont, CA | $227,760,848 | $146,668,013 |
Sequoia Climate Fund Irvine, CA | $47,430,446 | $181,073,206 |
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |