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The Hearst Foundation

New York, NY · EIN 136161746 · Form 990PF · FY2024 · Large ($10M-$50M)
revenue
$31.7M
expenses
$3.3M
net assets
$424.1M
employees
profile · synthesized from sources

The Hearst Foundation is a private foundation based in New York that makes grants to support education, the arts, health care, and environmental initiatives. It funds programs benefiting children, people with disabilities, early-career researchers, and underserved students, primarily through support for capital projects, institutional operations, and educational access. The foundation does not appear to deliver services directly.

named programs · 6 · from sources

What they call their work

Arts Access and Education
Funds arts education and access programs, including at the Children's Museum of Manhattan, New Museum, Carnegie Hall, and School of the Art Institute of Chicago
Early Learning in Rural Areas
Supports early childhood education initiatives in rural communities through grants to organizations like Save the Children Federation
Environmental Education
Provides funding to the National Park Foundation to support environmental education programs
Health Care Services for People with Disabilities
Supports clinical care for individuals with intellectual and developmental disabilities through grants to the Center for Disability Services Inc
Higher Education and Nursing Training
Supports academic programs including the Nursing Program at Hunter College and general operations at arts and education institutions
Music Fellowship Program
Supports the New World Symphony Fellowship Program for advanced music training
activities · 8 groups

What they do

  • Art Museum Funding and Support 3 activities
    • Funding capital expansion of the New Museum
      Funds the capital expansion of the New Museum to increase its service capacity.
    • Funding general operations of the New York Foundation for the Arts
      Funds general operations of the New York Foundation for the Arts Inc.
    • Funding the restoration of a landmark building for the Children's Museum of Manhattan
      Funds the restoration and renovation of a landmark building to serve as the new home for the Children's Museum of Manhattan.
  • Literacy Program Funding 2 activities
    • Funding early learning programs in rural areas
      Funds early learning programs in rural areas through grants to Save the Children Federation.
    • Funding educator programs at the New York Public Library
      Funds the New Center for Educators Schools at the New York Public Library.
  • Performing Arts Production Support 2 activities
    • Funding music education programs through Carnegie Hall
      Funds music education programs through grants to The Carnegie Hall Corporation.
    • Funding the New World Symphony Fellowship Program
      Funds the New World Symphony Fellowship Program.
  • Arts Education Scholarships 1 activity
    • Funding arts access programs for high school students at the School of the Art Institute of Chicago
      Funds the College Arts Access Program for high school students at the School of the Art Institute of Chicago.
  • Autoimmune Disease Research Funding 1 activity
    • Funding early career researchers in inflammatory bowel disease
      Funds early career researchers working on inflammatory bowel disease through the Crohn's & Colitis Foundation.
  • Environmental Conservation Grantmaking 1 activity
    • Funding environmental education programs through the National Park Foundation
      Funds environmental education programs through grants to the National Park Foundation.
  • Fundraising and Financial Support for IDD Services 1 activity
    • Funding health care services for individuals with intellectual and developmental disabilities
      Funds the Center Health Care clinic that serves patients with intellectual and developmental disabilities.
  • Healthcare Education Scholarships and Fellowships 1 activity
    • Funding nursing education at Hunter College
      Funds the Nursing Program at Hunter College through the Hunter College Foundation.
financials · form 990PF · fy2024
revenue
Total revenue$31.73M
Contributions & grants
Program service revenue
Investment income$1.86M6%
Other revenue
expenses
Total expenses$3.31M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$211K
Grants paid out$16.98M
balance sheet
Total assets$430.33M
Cash
Investments
Liabilities
Net assets$424.10M
5 years on record · 2020–2024 · YoY revenue -11.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
Donna Kalajian Lagani VP Eastern Director 13 $177K
Mary Fisher Treasurer Controller 13 $81K
board members · 12
  • Anissa B Balson — Vice President Director
  • David J Barrett — Vice President Director
  • Frank J Bennack Jr — Vice President Director
  • George R Hearst III — Vice President Director
  • Gilbert C MaurerDeceased 2025 — Vice President Director
  • James M Asher — VP, Secretary Director
  • John G Conomikes — Vice President Director
  • Lisa H Hagerman — Vice President Director
  • Mark F Miller — Vice President Director
  • Steven R Swartz — Vice President Director
  • Virginia H Randt — President Director
  • William R Hearst III — Vice President Director
relationships · 12

Who they work with

  • Center for Disability Services Inc Partner — Receives grant funding for its Center Health Care clinic serving patients with intellectual and developmental disabilities.
  • Children's Museum of Manhattan Partner — Receives grant funding for the restoration and renovation of a landmark building to become the museum's new home.
  • Crohns & Colitis Foundation Partner — Receives grant funding to support early career researchers in inflammatory bowel disease.
  • Hunter College Foundation Partner — Receives grant funding for the Nursing Program at Hunter College.
  • NY Pubic Library Partner — Receives grant funding for the new Center for Educators Schools.
  • National Park Foundation Partner — Receives grant funding for environmental education programs.
  • New Museum Partner — Receives grant funding for capital expansion and increased service capacity.
  • New World Symphony Partner — Receives grant funding for the New World Symphony Fellowship Program.
  • New York Foundation for the Arts Inc Partner — Receives grant funding for general operations.
  • Save the Children Federation Partner — Receives grant funding for early learning in rural areas.
  • School of the Art Institute of Chicago Partner — Receives grant funding for the College Arts Access Program for high school students.
  • The Carnegie Hall Corporation Partner — Receives grant funding for music education programs.