Jacob & Terese Hershey Foundation
- Assets
- $112.1m
- Revenue
- $10.0m
- Investments
- $108.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1966
- Data as of
- 12/2022
- EIN
- 74-6039126
Organization Overview
Jacob & Terese Hershey Foundation is located in Houston, TX. 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. Jacob & Terese Hershey 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 12/2022, Jacob & Terese Hershey Foundation generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jacob & Terese Hershey Foundation has awarded 486 individual grants totaling $18,932,030. 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 |
|---|---|---|---|
Jeffrey Hershey President | 5 | $0 | |
Andrew H Sansom Treasurer/director | 5 | $0 | |
Amie Rodnick Secretary/director | 5 | $0 | |
Kim Baker Director | 5 | $0 | |
Olive Hershey Director | 5 | $0 | |
Earthea Nance Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Advisory Austin Tbp | 12/30/21 | $192,881 |
Klosek & Associates Pllc | 12/30/21 | $54,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,992,377 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,006,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,612,158 |
| Capital Gain Net Income | $5,690,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $437,762 |
| Total Revenue | $10,048,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $246,184 |
| Other employee salaries and wages | $303,834 |
| Pension plans, employee benefits | $123,730 |
| Interest | $0 |
| Taxes | $77,680 |
| Depreciation | $4,950 |
| Occupancy | $81,462 |
| Travel, conferences, and meetings | $11,845 |
| Printing and publications | $0 |
| Other expenses | $497,953 |
| Total operating and administrative expenses | $1,654,873 |
| Contributions, gifts, grants paid | $6,092,345 |
| Total expenses and disbursements | $7,747,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,409 |
| Savings and temporary cash investments | $2,118,267 |
| 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 | $5,293,890 |
| Net Land, buildings, and equipment | $16,844 |
| Other assets | $382,687 |
| Total assets | $112,115,764 |
| Accounts payable and accrued expenses | $2,606 |
| 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 | $2,606 |
Grants Awarded
Over the last fiscal year, Jacob & Terese Hershey Foundation has awarded $6,232,345 in support to 165 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION OF TEXAS PURPOSE: TOWARD LEGAL SERVICES TO RESTORE REPRODUCTIVE RIGHTS IN TEXAS | $65,000 |
ACLU FOUNDATION OF TEXAS PURPOSE: TOWARD PROTECTING ABORTION RIGHTS IN TEXAS | $500 |
ACLU FOUNDATION OF TEXAS PURPOSE: TOWARD PROTECTING ABORTION RIGHTS IN TEXAS | $1,000 |
ACLU FOUNDATION OF TEXAS PURPOSE: TOWARD PROTECTING ABORTION RIGHTS IN TEXAS | $500 |
AFRICATOWN HERITAGE PRESERVATION FOUNDATION PURPOSE: TOWARD PRESERVING ENVIRONMENTAL QUALITY | $20,000 |
AIR ALLIANCE HOUSTON PURPOSE: TOWARD GENERAL OPERATING SUPPORT | $60,000 |