Herndon Foundation
- Assets
- $0.0
- Revenue
- $2.5m
- Investments
- $24.6m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 09/1966
- Data as of
- 12/2020
- EIN
- 54-6060809
Organization Overview
Herndon Foundation is located in Richmond, VA. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Herndon 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, Herndon Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Herndon Foundation has awarded 498 individual grants totaling $17,714,025. 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 |
|---|---|---|---|
James T Gottwald Trustee | 5 | $0 | |
John D Gottwald Trustee | 1 | $0 | |
William M Gottwald Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,873 |
| Interest on Savings | $27,266 |
| Dividends & Interest | $2,292,329 |
| Profit on Inventory Sales | $0 |
| Other Income | $169,998 |
| Total Revenue | $2,475,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $168,697 |
| Contributions, gifts, grants paid | $4,103,400 |
| Total expenses and disbursements | $4,272,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,622 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,242,064 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Herndon Foundation has awarded $4,184,750 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
VMI FOUNDATION PURPOSE: OPERATING SUPPORT | $600,000 |
Richmond, VA PURPOSE: OPERATING SUPPORT | $584,000 |
VCU SCHOOL OF ENGINEERING FOUNDATION PURPOSE: OPERATING SUPPORT | $350,000 |
VIRGINIA MUSEUM OF HISTORY PURPOSE: OPERATING SUPPORT | $250,000 |
J SARGEANT REYNOLDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION PURPOSE: PLEDGE COMPLETION | $170,000 |
SCIENCE MUSEUM OF VIRGINIA PURPOSE: OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |