William Randolph Hearst Foundation

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Champlain Investment Partners
$473,828
Aberdeen Emerging Markets
$470,670
Fuller & Thayler
$449,442
Siguler Guff Hearst Opportunties Fund
$405,013
Polen Capital Management
$365,980
View All Vendors

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

Grants Awarded

Over the last fiscal year, William Randolph Hearst Foundation has awarded $35,354,000 in support to 326 organizations.

Grant RecipientAmount

LINCOLN CENTER- GEFFEN HALL

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$1,700,000

NEW YORK PRESBYTERIAN

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$1,600,000

TRUSTEES OF COLUMBIA IN THE CITY OF NEW YORK

Org PageRecipient Profile

New York, NY

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$500,000

INTERFAITH MINISTRIES FOR GREATER HOUSTON

Org PageRecipient Profile

Houston, TX

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$500,000

Cary, NC

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$500,000

PIONEER WORKS

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$500,000
View Grant Profile

Peer Organizations

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