During the past 53 years, the Foundation has paid out over $130M in Fellowships to support nearly 1,200 Fellows as they have pursued and received their graduate degrees. As donors and friends, many of you are partnering with us to continue our tradition of excellence in the selection and mentoring of young talented scientists and engineers.
Presently, Hertz pays up to $53K a year per Fellow which includes the tuition, stipend, and program services expenditures. The Foundation is able to continue supporting approximately 70 Fellows in graduate school each year. The Foundation currently selects up to 12 new Fellows per year.
At present, our corpus is approximately $15.5M. We have launched a major fundraising initiative to recapitalize the Foundation. The Foundation’s long-term goal is to select and support 25-30 new Fellows per year, the top 1% of graduate students in physical, biological and engineering sciences.
Expenditures Fiscal Year 2016
The pie chart illustrates the actual expenses of $3,789,118 for fiscal year ending June 30, 2016. It shows Fellowship Stipend and Tuition (52%), Fellowship Selection (14%), Community, Workshops, Retreats (13%), Management and General Operations (12%), and Development (9%).
Audited Financial Report
Hertz Foundation Audited Financials 2015-16 PDF 150KB
Tax Return 990
Hertz Foundation IRS 990 June 2016 PDF 970KB
If you have questions or would like additional information or call (925) 373-1642