Hersh Foundation
- Assets
- $18.9m
- Revenue
- $523.9k
- Investments
- $16.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1997
- Data as of
- 12/2020
- EIN
- 75-2720646
Organization Overview
Hersh Foundation is located in Dallas, TX. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Hersh 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, Hersh Foundation generated $523.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hersh Foundation has awarded 255 individual grants totaling $10,054,166. 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 |
|---|---|---|---|
Julie K Hersch President | 40 | $225,000 | |
Kenneth A Hersh Chairman | 1 | $0 | |
Valerie Dillard Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $181,080 |
| Dividends & Interest | $302,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,370 |
| Capital Gain Net Income | $61,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$20,946 |
| Total Revenue | $523,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $364,349 |
| Other employee salaries and wages | $76,638 |
| Pension plans, employee benefits | $99,142 |
| Interest | $0 |
| Taxes | $7,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $11 |
| Other expenses | $21,304 |
| Total operating and administrative expenses | $927,651 |
| Contributions, gifts, grants paid | $2,854,416 |
| Total expenses and disbursements | $3,782,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $2,413,150 |
| Net Accounts receivable | $62,329 |
| 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 | $7,811,315 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $62 |
| Total assets | $18,945,688 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Hersh Foundation has awarded $2,730,975 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: $5M ENDOWMENT PLEDGE 2017 | $1,000,000 |
WETA PURPOSE: KEN BURNS FILM $1M INCLUDING ONE MIND | $375,000 |
Dallas, TX PURPOSE: ENDOWMENT PLUS PROGRAM SUPPORT | $150,000 |
ONE MIND PURPOSE: $1M GIFT FOR KEN BURNS FILM W WETA | $125,000 |
STANFORD HOOVER INSTITUTE PURPOSE: HOOVER INSTITUTE | $100,000 |
Dallas, TX PURPOSE: SUPPORT FOR NEW DEV STAFF | $62,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
David M Crowley Foundation Dallas, TX | $161,428,863 | $16,560,741 |