Fannie and John Hertz Foundation
Fannie and John Hertz Foundation reported $12.2 million in revenue and $7.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $72.07 went to program services, $10.62 to management and general costs and $17.31 to fundraising. Its largest source of revenue was contributions and grants: 86.7% of the total. The highest compensation it reported for one person was $617,201 (PRESIDENT (FORMER)). 7 people received more than $100,000 in reportable compensation. Revenue rose 164% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $7.5MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.1% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.6% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 17.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 86.7% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $617,201 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 8.23% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 7 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 73.1 | 6.8 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe hertz fellowship is the nation's most competitive doctoral fellowship in the applied sciences, engineering and mathematics. The largest expense category is the fellowship award which includes tuition and stipend for each student in school. In FY '25, this supported 71 students and represented 43% of the total expense budget. The amount needed for tuition and stipend was lower than anticipated for a very positive reason: many students also won other prizes/awards which partially replaced the need for support from the Hertz Foundation. The recent investment in fundraising has been quick to…
Selection and mentoring of in-school fellows: the foundation's process for selecting fellowship recipients is the most rigorous in the US. More than 1,000 applications were received and reviewed by the selection committee, comprised of leading scientists, engineers, and mathematicians, many of them alumni fellows. Following two rounds of in-person interviews, the foundation awards fellowships to a group of 15 or more candidates. The progress of in-school fellows is monitored in a variety of ways, including discussions with fellows and reports
The foundation supports a lifelong, interdisciplinary network of more than 1,300 hertz fellows worldwide, collectively responsible for some of the most significant scientific and technological progress of the past century. The annual summer workshop, topical forums and partnerships with influential organizations have led to significant breakthroughs and delivered innovations that impact millions of lives across the nation and the world. The foundation also facilitates mentoring relationships among fellows to support their professional growth and works with fellows to build tailored internship…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT (FORMER) Officer, 35.00 hrs/week | $507,714 | $0 | $109,487 | $617,201 |
| PRESIDENT Officer, 35.00 hrs/week | $296,095 | $0 | $44,414 | $340,509 |
| SENIOR DIRECTOR STRATEGIST Key employee, 35.00 hrs/week | $188,817 | $0 | $28,323 | $217,140 |
| SENIOR MAJOR GIFTS OFFICER Key employee, 35.00 hrs/week | $154,900 | $0 | $23,235 | $178,135 |
| FELLOWSHIP DIRECTOR Highest compensated employee, 35.00 hrs/week | $144,942 | $0 | $21,741 | $166,683 |
| CONTROLLER Officer, 35.00 hrs/week | $119,965 | $0 | $17,973 | $137,938 |
| DIRECTOR OF COMMUNITY Highest compensated employee, 35.00 hrs/week | $104,930 | $0 | $15,740 | $120,670 |
7 people received more than $100,000 in reportable compensation from Fannie and John Hertz Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b21 · 21 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 513
- Volunteers Part I, line 6201
Private foundation grants it received
5 private foundations reported grants to Fannie and John Hertz Foundation totaling $808K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Fannie and John Hertz Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fannie and John Hertz Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Fannie and John Hertz Foundation spent in FY2025, $72.07 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Lutheran Sunset HomeGrafton, ND · revenue $12M · programs 91.5% · 2025
- Health Promotion Council of Southeastern PennsylvaniaPhiladelphia, PA · revenue $12M · programs 92.3% · FY2025
- Federation of American Societies for Experimental BiologyRockville, MD · revenue $12M · programs 74.1% · 2024
- Next Move Homeless ServicesSacramento, CA · revenue $12M · programs 94.7% · 2024
- Fort Greene CouncilBrooklyn, NY · revenue $12M · programs 97.1% · FY2025
All unclassified charities · Largest charities in California
Questions people ask
How much of Fannie and John Hertz Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Fannie and John Hertz Foundation reported that 72.1% of its $7.5 million in expenses went to program services, 10.6% to management and general and 17.3% to fundraising (Form 990, Part IX).
How much does Fannie and John Hertz Foundation pay its top executive?
The largest total compensation Fannie and John Hertz Foundation reported for one person in the fiscal year ending June 30, 2025 was $617,201, for the role of PRESIDENT (FORMER) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fannie and John Hertz Foundation get its money?
Of $12.2 million in revenue in the fiscal year ending June 30, 2025, 86.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Fannie and John Hertz Foundation a registered charity?
The IRS lists EIN 36-2411723 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202503499349300625 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202423199349300027 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441309349304404 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300729349300635 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202113129349304281 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202023009349301257 · read the filing
All filings for EIN 36-2411723: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.