Douglas J Hertz Family Foundation
- Assets
- $22.4m
- Revenue
- $1.5m
- Investments
- $21.1m
- Employees
- 0
- Location
- Smyrna, GA
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 26-2792485
Organization Overview
Douglas J Hertz Family Foundation is located in Smyrna, GA. The organization was established in 2008. 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. Douglas J Hertz Family 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 12/2023, Douglas J Hertz Family Foundation generated $1.5m 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 (15.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Douglas J Hertz Family Foundation has awarded 263 individual grants totaling $9,992,876. 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 |
|---|---|---|---|
Douglas Hertz President | 0.25 | $0 | |
Lila Hertz Vice President | 0.25 | $0 | |
Amy H Agami Secretary | 0.25 | $0 | |
Michael Hertz Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $582,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $546,035 |
| Capital Gain Net Income | $546,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $365,893 |
| Total Revenue | $1,494,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,686 |
| Total operating and administrative expenses | $179,124 |
| Contributions, gifts, grants paid | $3,065,968 |
| Total expenses and disbursements | $3,245,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,907 |
| Savings and temporary cash investments | $676,038 |
| 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 | $2,927,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $376,191 |
| Total assets | $22,396,596 |
| 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 | $143,606 |
| Total liabilities | $143,606 |
Grants Awarded
Over the last fiscal year, Douglas J Hertz Family Foundation has awarded $3,065,968 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
NEFESH B'NEFESH PURPOSE: GENERAL SUPPORT | $100,000 |
CAMP SUNSHINE PURPOSE: GENERAL SUPPORT | $1,000 |
CROHN'S & COLITIS FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
BREMAN MUSEUM PURPOSE: GENERAL SUPPORT | $1,000 |
ATLANTA BASEBALL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
ATLANTA MEMORIAL PARK PURPOSE: GENERAL SUPPORT | $1,000 |