FANNIE AND JOHN HERTZ FOUNDATION Charity Report

Public IRS 990 nonprofit record

FANNIE AND JOHN HERTZ FOUNDATION

EIN 36-2411723 · Private Grantmaking Foundations (T20)

What they do

THE HERTZ FOUNDATION is COMMITTED to ADVANCING AMERICAN SCIENTIFIC and TECHNOLOGICAL LEADERSHIP. for NEARLY 70 YEARS, THE HERTZ FOUNDATION IDENTIFIED and EMPOWERED THE NATIONS MOST EXCEPTIONAL INNOVATORS IN SCIENCE and TECHNOLOGY, FUELING A LIFELONG COMMUNITY DEDICATED to SOLVING OUR MOST PRESSING PROBLEMS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

44.23%of revenue went to mission work72.1% of expenses · Program services

10.62%of revenue went to fundraising17.3% of expenses

$61.38spent for every $100 of revenueRevenue covered expenses this year.

6.52%of revenue went to management and office costs10.6% of expenses

$6.48in assets for every $1 spent this yearSome assets cannot be spent right away.

86.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $617,201 for ROBBEE KOSAK (PRESIDENT (FORMER)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,220,559

Mission workProgram services$5,405,63444.23% of revenue72.1% of expenses

ManagementOffice and general costs$796,4516.52% of revenue10.6% of expenses

FundraisingAsking for donations$1,298,41010.62% of revenue17.3% of expenses

Revenue left after expensesReported annual surplus$4,720,06438.62% of revenueShown in gray on the chart

Total expenses$7,500,49561.38% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 72.1% mission · 10.6% management · 17.3% fundraisingTotal expenses: 61.38% of revenue

2023Expense mix: 74.1% mission · 11.5% management · 14.4% fundraisingTotal expenses: 83.07% of revenue

2022Expense mix: 72.4% mission · 11.7% management · 15.9% fundraisingTotal expenses: 84.35% of revenue

2021Expense mix: 73.0% mission · 9.3% management · 17.7% fundraisingTotal expenses: 25.87% of revenue

2020Expense mix: 73.7% mission · 9.5% management · 16.8% fundraisingTotal expenses: 83.37% of revenue

2019Expense mix: 70.2% mission · 11.8% management · 18.0% fundraisingTotal expenses: 104.12% of revenue

2018Expense mix: 60.1% mission · 16.4% management · 23.5% fundraisingTotal expenses: 70.04% of revenue

2017Expense mix: 62.3% mission · 16.7% management · 21.0% fundraisingTotal expenses: 86.32% of revenue

Money in and money out

Revenue$12,220,559

Expenses$7,500,495

Annual surplus $4,720,064 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,405,634 · 72.1% of expenses

Management and office costs$796,451 · 10.6% of expenses

Fundraising$1,298,410 · 17.3% of expenses

See all reported dollar amounts

Revenue$12,220,559

Expenses$7,500,495

Assets$48,593,851

Income$14,632,492

Contributions$10,590,102

Mission work (program services)$5,405,634

Fundraising$1,298,410

Management and general$796,451

Executive compensation (total)$674,296

Stocks and bonds$40,598,853

Accounting fees$51,052

Investing fees$155,639

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBBEE KOSAKPRESIDENT (FORMER) · 35 hrs/week $617,201Base $507,714 · Other $109,487

WENDY CONNORSPRESIDENT · 35 hrs/week $340,509Base $296,095 · Other $44,414

JOHN OHABSENIOR DIRECTOR STRATEGIST · 35 hrs/week $217,140Base $188,817 · Other $28,323

KARLA RODEBUSHSENIOR MAJOR GIFTS OFFICER · 35 hrs/week $178,135Base $154,900 · Other $23,235

DEREK HASELTINEFELLOWSHIP DIRECTOR · 35 hrs/week $166,683Base $144,942 · Other $21,741

THOMAS ROISUMCONTROLLER · 35 hrs/week $137,938Base $119,965 · Other $17,973

ANNE KORNAHRENSDIRECTOR OF COMMUNITY · 35 hrs/week $120,670Base $104,930 · Other $15,740

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

ROBBEE KOSAKPRESIDENT (FORMER)

WENDY CONNORSPRESIDENT

JOHN OHABSENIOR DIRECTOR STRATEGIST

KARLA RODEBUSHSENIOR MAJOR GIFTS OFFICER

DEREK HASELTINEFELLOWSHIP DIRECTOR

THOMAS ROISUMCONTROLLER

ANNE KORNAHRENSDIRECTOR OF COMMUNITY

MICHAEL SCHNALL-LEVINDIRECTOR

WILLIAM EVANSDIRECTOR

STEVEN LIPNERDIRECTOR

STEPHEN FANTONECHAIRMAN

SAMUEL FULLERDIRECTOR

ROSEMARIE HAVRANEKDIRECTOR

RICHARD B MILESDIRECTOR

RICHARD MILESDIRECTOR

RAY SIDNEYDIRECTOR

PHILIP WELKHOFFSENIOR FELLOWSHIP INTERVIE

PAUL M YOUNGTREASURER

ALFRED SPECTORDIRECTOR

MAX MANKINDIRECTOR

LEE SWANGERVICE CHAIR

KIMBERLY BUDILDIRECTOR

ELISE CAWLEYDIRECTOR

CHRIS LOOSEDIRECTOR

CHERI ACKERMANDIRECTOR

CARLA NEWMANSECRETARY

CARL BURNSDIRECTOR

AMIR NASHATDIRECTOR

About this charity

Recognized since: January 1948
Location: 6701 KOLL CENTER PARKWAY SUITE 250, PLEASANTON, CA 94566
County: Alameda
In care of: WENDY CONNORS
Primary officer: WENDY CONNORS, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(925) 373-1642 Officer phone(925) 750-8767

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ROBERT LEE AND ASSOCIATES LLP
NTEE classification: Private Grantmaking Foundations (T20)
IRS tax category: Private Grantmaking Foundations