Jacob & Terese Hershey Foundation
- Assets
- $87.1m
- Revenue
- $7.7m
- Investments
- $83.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1966
- Data as of
- 12/2020
- EIN
- 74-6039126
Organization Overview
Jacob & Terese Hershey Foundation is located in Houston, TX. The organization was established in 1966. 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. Jacob & Terese Hershey 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 12/2020, Jacob & Terese Hershey Foundation generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.7%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jacob & Terese Hershey Foundation has awarded 321 individual grants totaling $12,699,685. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Glove CEO | 40 | $230,000 | |
Deborah Mueller Director Of Grants M | 30 | $142,112 | |
Hilda Macias Hendrix Director Of Finance | 20 | $79,625 | |
Jeffrey Hershey President | 5 | $0 | |
Andrew H Sansom Treasurer / Dir | 5 | $0 | |
Amie Rodnick Secretary / Dir | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Advisory Austin Tbp | 12/30/21 | $192,881 |
Klosek & Associates Pllc | 12/30/21 | $54,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $881,320 |
| Interest on Savings | $5 |
| Dividends & Interest | $2,284,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,094,700 |
| Capital Gain Net Income | $3,894,423 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $415,477 |
| Total Revenue | $7,675,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,683 |
| Other employee salaries and wages | $167,914 |
| Pension plans, employee benefits | $12,924 |
| Interest | $0 |
| Taxes | $171,768 |
| Depreciation | $868 |
| Occupancy | $31,310 |
| Travel, conferences, and meetings | $1,704 |
| Printing and publications | $0 |
| Other expenses | $85,396 |
| Total operating and administrative expenses | $976,729 |
| Contributions, gifts, grants paid | $3,960,313 |
| Total expenses and disbursements | $4,937,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,631 |
| Savings and temporary cash investments | $3,148,229 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,469,717 |
| Net Land, buildings, and equipment | $4,122 |
| Other assets | $75,522 |
| Total assets | $87,121,016 |
| Accounts payable and accrued expenses | $2,878 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,878 |
Grants Awarded
Over the last fiscal year, Jacob & Terese Hershey Foundation has awarded $6,222,219 in support to 146 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE PURPOSE: TOWARD CONTRIBUTING TO DONOR ADVISED FUND | $773,550 |
Dallas, TX PURPOSE: TOWARD CAPITAL IMPROVEMENTS AT PALO PINTO MOUNTAINS STATE PARK | $250,000 |
New York, NY PURPOSE: TOWARD LEGAL SERVICES TO PROTECT ABORTION RIGHTS IN TEXAS | $150,000 |
New York, NY PURPOSE: TOWARD LEGAL SERVICES TO PROTECT ABORTION RIGHTS IN TEXAS | $150,000 |
AUDUBON ROCKIES PURPOSE: TOWARD ENVIRONMENTAL EDUCATION PROGRAMS IN SOUTHWESTERN COLORADO | $100,000 |
THE NATURE CONSERVANCY PURPOSE: TOWARDS LAND ACQUISITION TO PROTECT HONEY CREEK | $82,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |