The Heckscher Foundation For Children
- Assets
- $330.8m
- Revenue
- $9.7m
- Investments
- $312.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1938
- Data as of
- 12/2022
- EIN
- 13-1820170
Organization Overview
The Heckscher Foundation For Children is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heckscher Foundation For Children 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, Heckscher Foundation For Children generated $9.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $17.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Heckscher Foundation For Children has awarded 418 individual grants totaling $52,874,821. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HECKSCHER SCHOLARS PROGRAMHECKSCHER SCHOLARS IS A MULTI-DIMENSIONAL COLLEGE ACCESS PROGRAM FOR STUDENTS FROM UNDER-RESOURCED PUBLIC HIGH SCHOOLS HOUSED AT THE HECKSCHER FOUNDATION FOR CHILDREN HEADQUARTERS IN NEW YORK CITY. IT PROVIDES INDIVIDUALIZED ACADEMIC GUIDANCE, COLLEGE AND FINANCIAL AID COUNSELING, AND A MULTITUDE OF OPPORTUNITIES AND SUPPORT TO STUDENTS FROM DISADVANTAGED COMMUNITIES. HECKSCHER SCHOLARS GUIDES ITS STUDENTS TOWARDS THE GREATEST PATH OUT OF POVERTY, A COLLEGE EDUCATION, OPENING DOORS TO COMPETITIVE FOUR-YEAR PRIVATE COLLEGES AND A HIGHER EDUCATION THAT WILL HAVE A CATALYTIC IMPACT ON THEIR FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Azrael Trustee | 1 | $0 | |
Mark E Beck Trustee | 1 | $0 | |
Brian Feinstein Trustee | 1 | $0 | |
Leigh Kline Trustee | 1 | $0 | |
Daniel Laub Trustee | 1 | $0 | |
Kathryn Meyers Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summit Rock Advisors Lp | 12/30/23 | $938,794 |
Eagle Ridge Investment Management Llc | 12/30/23 | $279,037 |
Impact For Education Llc Dba Building Impact | 12/30/23 | $235,000 |
Skdknickerbocker Llc | 12/30/23 | $118,412 |
J Salvatore & Sons Inc | 12/30/23 | $197,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $149,091 |
| Dividends & Interest | $3,178,608 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,060,017 |
| Capital Gain Net Income | $8,780,294 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,276,637 |
| Total Revenue | $9,664,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $864,823 |
| Other employee salaries and wages | $651,200 |
| Pension plans, employee benefits | $492,095 |
| Interest | $0 |
| Taxes | $447,070 |
| Depreciation | $333,061 |
| Occupancy | $96,385 |
| Travel, conferences, and meetings | $37,035 |
| Printing and publications | $19,877 |
| Other expenses | $606,970 |
| Total operating and administrative expenses | $5,731,979 |
| Contributions, gifts, grants paid | $12,191,316 |
| Total expenses and disbursements | $17,923,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $766,162 |
| Savings and temporary cash investments | $6,140,417 |
| 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 | $194,132,370 |
| Net Land, buildings, and equipment | $11,356,983 |
| Other assets | $504,199 |
| Total assets | $330,768,424 |
| 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, The Heckscher Foundation For Children has awarded $15,774,966 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE MIAMI PURPOSE: COLLEGE AND CAREER READINESS | $150,000 |
AMERICA NEEDS YOU PURPOSE: GENERAL OPERATING SUPPORT | $7,410 |
AMERICA NEEDS YOU PURPOSE: WORKFORCE DEVELOPMENT AND CAREER/POST-SECONDARY COACHING | $200,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: COMBATING ANTISEMITISM THROUGH SOCIAL MEDIA | $200,000 |
BATTIER TAKE CHARGE FOUNDATION PURPOSE: COLLEGE ACCESS SUPPORT | $155,000 |
ASCEND PUBLIC CHARTER SCHOOLS PURPOSE: MATHEMATICS TRAINING AND CURRICULUM K-5 GRADE | $315,875 |