Overview
What is Fannie And John Hertz Foundation?
The Fannie and John Hertz Foundation, based in Pleasanton, California, is a nonprofit organization dedicated to identifying, supporting, and mentoring the top US PhD students in science, math, and engineering. Their mission is to strengthen the nation's security and economic vitality by fueling the next generation of innovative leaders in science and technology. The foundation's primary expense is the fellows' tuition and stipend, with compensation packages totaling $1.9M for 70 students in FY2022. Despite their goal to fund all worthy candidates, they can currently only support one-third due to limited resources. To increase their capacity, the Hertz Foundation has authorized a significant budget increase for a national fundraising and public relations effort. With an impressive track record, the foundation has produced record fundraising cash results from $2.3M in FY2016 to $9.58M in FY2022, and 28% of fellows now make annual gifts to the foundation. Established in 1963, the Hertz Fellowship is the most selective graduate fellowship program in the US, with over 1,200 leaders and disrupters who have made significant impacts in various fields, including healthcare, climate change, and critical infrastructure. Through this powerful and connected community, Hertz Fellows build lasting relationships that accelerate their careers and deepen the impact of their work.
Official website here: www.hertzfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
The Fannie And John Hertz Foundation has achieved a Four-Star rating from Charity Navigator, reflecting excellent performance in various operational areas. The organization boasts an impeccable Accountability & Finance score of 100%, signifying strong financial health and transparency, with no material diversion of assets and a substantial commitment to independent oversight through its board.
In addition to its financial management, the Foundation excels in its Culture & Community initiatives, also scoring a full 100%. This indicates effective practices in gathering and utilizing feedback, as well as a commitment to equity strategies. The organization has demonstrated strong leadership and adaptability, with top scores in strategy and leadership metrics, showcasing its capacity to navigate challenges and implement effective plans.
Despite its high overall scores, the Leadership & Adaptability category reflects a lower percentage compared to its other beacons, highlighting potential areas for growth in that specific domain. However, the Foundation's overall robust ratings suggest that it maintains a solid operational framework and is likely well-positioned to continue its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Fannie And John Hertz Foundation legitimate?
Fannie And John Hertz Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fannie And John Hertz Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $531,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $809,713
For more financial information, click here
Official website here: www.hertzfoundation.org
What is the mission statement of Fannie And John Hertz Foundation?
The Fannie and John Hertz Foundation focuses on identifying and supporting the top PhD students in science, math, and engineering in the US. Its mission is to strengthen the nation's security and economic vitality by fostering the next generation of scientific leaders. Established in 1963, the Hertz Fellowship is a highly selective graduate program that empowers promising young innovators to tackle the country's most significant challenges. Hertz Fellows have made groundbreaking contributions in various fields, from improving healthcare and addressing climate change to protecting critical infrastructure. Through this connected community, Fellows build lasting relationships that accelerate their careers and deepen the impact of their work. Their achievements include numerous patents, the founding of over 200 companies, and over 200 major awards.
Official website here: www.hertzfoundation.org
Who is the CEO of Fannie And John Hertz Foundation?
Robbee Baker Kosak is the Chairman of Fannie And John Hertz Foundation.
Official website here: www.hertzfoundation.org
What is the revenue of Fannie And John Hertz Foundation?
Fannie And John Hertz Foundation's revenue in 2022 was $16,499,886.
Official website here: www.hertzfoundation.org
Who are the executives of Fannie And John Hertz Foundation and what are their salaries?
The average compensation at Fannie And John Hertz Foundation during 2022 was $95,772. There are 14 employees and 35 volunteers at Fannie And John Hertz Foundation.
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- Other: $13,987
Official website here: www.hertzfoundation.org
Where can I find the form 990 for Fannie And John Hertz Foundation?
Fannie And John Hertz Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hertzfoundation.org
Learn more at the official website: www.hertzfoundation.org
Mission Statement of Fannie And John Hertz Foundation
The Fannie and John Hertz Foundation is a renowned organization with a mission to identify and support the country's most promising young innovators in science, mathematics, and engineering. Established in 1963, this prestigious foundation is dedicated to enhancing the nation's security and economic vitality by fueling its global leadership in science and technology.
In simple terms, the Hertz Foundation seeks out the brightest minds in scientific fields and empowers them to tackle the nation's most complex challenges. With an unwavering commitment to excellence, this selective graduate fellowship program has nurtured over 1,200 leaders and disrupters, whose groundbreaking work ranges from enhancing healthcare to addressing climate change and safeguarding critical infrastructure.
The Hertz Foundation's impact reaches far and wide, with its fellows earning a distinguished reputation. They have garnered numerous national and international awards and have collectively held over 3,000 patents. Moreover, they have founded more than 200 companies, showcasing their entrepreneurial spirit and ingenuity. The Hertz community fosters lasting relationships, accelerating careers and amplifying the reach of their transformative work. Nobel Prize winners are among the esteemed ranks of Hertz Fellows, demonstrating the program's unparalleled success in identifying and cultivating exceptional talent.
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Impact
October, 2024
The Fannie and John Hertz Foundation plays a pivotal role in shaping the future of science, mathematics, and engineering in the United States. By identifying, supporting, and mentoring top PhD students, the Foundation fosters a new generation of innovators who are equipped to tackle the nation’s most pressing challenges.
With a commitment to enhancing national security and stimulating economic vitality, Hertz Fellows have made significant contributions across various fields, from healthcare advancements to climate change solutions. The Foundation's highly selective Hertz Fellowship program has produced over 1,200 leaders who not only excel in their respective areas but also actively collaborate within a powerful network that amplifies the impact of their work.
Financially, the Hertz Foundation has demonstrated a strong capacity for fundraising, growing its revenue from $2.3 million in fiscal year 2016 to nearly $9.6 million by 2022. This increase in resources has enabled the Foundation to support an expanding number of deserving candidates; however, funding limitations still restrict the ability to award fellowships to all worthy applicants. The commitment of current fellows to give back—28 percent are now making annual gifts—illustrates the lasting connections and value derived from the Hertz community.
Notably, the achievements of Hertz Fellows extend to accolades such as Nobel Prizes, over 3,000 patents, and the establishment of more than 200 companies, showcasing their influence on global leadership in science and technology. As the Foundation continues to expand its efforts and attract support, it strengthens not only the individual careers of its fellows but also positions the nation at the forefront of innovation and problem-solving on a global scale.
This information is meant to be a general summary of Fannie And John Hertz Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,610,167
- Gross Receipts: $56,755,539
Assets and Liabilities:
- Total Assets: $31,929,987
- Total Liabilities: $2,010,575
- Net Assets: $29,919,412
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Organization Details
Founding Year
1945
Phone
(925) 373-1642Principal Officer
Robbee Baker Kosak
Main Address
6701 KOLL CENTER PARKWAY SUITE 250, PLEASANTON, CA, 94566
Website
www.hertzfoundation.orgNTEE Category
Code: Z99 - Unknown
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