William Randolph Hearst Foundation
- Assets
- $0.0
- Revenue
- $92.1m
- Investments
- $848.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1949
- Data as of
- 12/2020
- EIN
- 13-6019226
Organization Overview
William Randolph Hearst Foundation is located in New York, NY. The organization was established in 1949. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William Randolph Hearst 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, William Randolph Hearst Foundation generated $92.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $84.1m during the year ending 12/2020. While expenses have increased by 28.6% per year over the past 3 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 2020, William Randolph Hearst Foundation has awarded 800 individual grants totaling $114,259,750. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SENATE YOUTH PROGRAM IS AN ANNUAL $10,000 SCHOLARSHIP COMPETITION SPONSORED JOINTLY BY THE U.S. SENATE AND THE FOUNDATION . AFTER A TESTING AND INTERVIEW PROCESS, TWO HIGH SCHOOL STUDENTS ARE SELECTED FROM EACH STATE, DC, AND THE DEPT OF DEFENSE'S OVERSEAS EDUCATIONAL ACTIVITIES. EACH ALSO RECEIVES A WEEK LONG TRIP TO DC.
JOURNALISM AWARDS PROGRAM AWARDS SCHOLARSHIPS FOR OUTSTANDING PERFORMANCE IN COLLEGE-LEVEL JOURNALISM. THE PROGRAM CONSISTS OF FIVE MONTHLY WRITING COMPETITIONS, TWO PHOTOJOURNALISM COMPETITIONS, ONE AUDIO COMPETITION, TWO TELEVISION COMPETITIONS AND FOUR MULTIMEDIA COMPETITIONS WITH CHAMPIONSHIP FINALS IN ALL DIVISIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Dinovitz VP Exec. Dir | 27 | $303,450 | |
Mason Granger Sr. Program Dir | 27 | $192,788 | |
Rayne Guilford Ussyp Director | 40 | $165,140 | |
Jan Watten Journalism Award Dir | 40 | $131,317 | |
Mary Fisher Treasurer | 27 | $124,598 | |
Lynn Desmet Ussyp Assist. Dir. | 40 | $111,351 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Champlain Investment Partners | 12/30/21 | $473,828 |
Fuller & Thayler | 12/30/21 | $449,442 |
Siguler Guff Hearst Opportunties Fund | 12/30/21 | $405,013 |
Polen Capital Management | 12/30/21 | $365,980 |
Aberdeen Emerging Markets | 12/30/21 | $470,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,478,336 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,529,571 |
| Total Revenue | $92,096,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $424,276 |
| Pension plans, employee benefits | $272,950 |
| Depreciation | $0 |
| Occupancy | $304,170 |
| Travel, conferences, and meetings | $501,225 |
| Printing and publications | $40,329 |
| Total operating and administrative expenses | $9,346,837 |
| Contributions, gifts, grants paid | $74,770,237 |
| Total expenses and disbursements | $84,117,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $451,107,230 |
| Other assets | $4,798 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,747,273 |
Grants Awarded
Over the last fiscal year, William Randolph Hearst Foundation has awarded $35,354,000 in support to 326 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN CENTER- GEFFEN HALL PURPOSE: SUPPORT FOR ONGOING OPERATIONS | $1,700,000 |
NEW YORK PRESBYTERIAN PURPOSE: SUPPORT FOR ONGOING OPERATIONS | $1,600,000 |
New York, NY PURPOSE: SUPPORT FOR ONGOING OPERATIONS | $500,000 |
PIONEER WORKS PURPOSE: SUPPORT FOR ONGOING OPERATIONS | $500,000 |
Houston, TX PURPOSE: SUPPORT FOR ONGOING OPERATIONS | $500,000 |
Houston, TX PURPOSE: SUPPORT FOR ONGOING OPERATIONS | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $117,589,910 | $175,211,153 |
Pew Memorial Trust Philadelphia, PA | $3,258,905,531 | $312,519,832 |
Barr Foundation Boston, MA | $1,838,977,066 | $449,148,867 |
The Bessemer Giving Fund Woodbridge, NJ | $757,899,558 | $291,598,256 |
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |