About Us
Financial Information
The Hertz Foundation’s role in building an essential ecosystem of the nation’s top scientific minds is of vital importance to the health of our world. Please take a few minutes to explore our financial information in more detail, and don’t hesitate to contact us if you have any questions. We look forward to your continuing engagement and support.
Fundraising Overview
The Hertz Foundation experienced another strong year of fundraising in FY25, raising $7.61 million from 372 fellows, organizations, and other friends, including 43 new donors. This achievement highlighted the foundation’s sustained growth experienced in the prior fiscal year and underscores the enduring confidence and commitment of the Hertz community.
Thanks to the incredible generosity of our donors, the foundation established seven new named Hertz Fellowships and four new endowed Hertz Fellowships this past year. Additionally, contributions from the Hertz Community enabled the creation of funds to provide both travel awards for Hertz Fellows attending conferences and expanded stipends for childcare support.
It is the generosity of Hertz Fellows, parents, friends, and organizations alike that allows the foundation to identify, select, and nurture our nation’s most brilliant and principled innovators who are pushing the boundaries of science and technology, tackling our greatest challenges of today and the future.
The foundation’s commitment to strengthening the nation’s security and economic vitality, while advancing U.S. leadership in science and technology, continues to grow. With the public launch of the foundation’s first-ever capital campaign, MAKE HISTORY, on July 1, 2025, we are charting a bold path forward. Reaching our $40 million goal by December 31, 2026, will allow the foundation to award more Hertz Fellowships annually, provide stronger lifelong support to Hertz Fellows, expand our reach to broader pipelines in science, and foster more powerful partnerships among science, tech, national security and philanthropy.
Total Contributions
As of June 30, 2025
Hertz Fund Highlights
As of June 30, 2025
$651K
raised,
proof that every gift matters
133
donors made their first-ever or largest-ever gift
4
4 Impact Areas: Critical Needs | Fellowship | Community | Diversity in STEM
Donor Participation
This year, 26% of Hertz Fellows made a gift to the foundation, an increase over the prior fiscal year. As a result, more than half of all fellows have now made at least one gift in support of the Hertz Foundation.
Consistent, unrestricted giving to the Hertz Fund remains essential to the foundation’s health and impact. In FY25, 345 fellows and other supporters contributed a combined $3.75 million in unrestricted gifts, providing the flexibility to empower fellows to take intellectual risks, explore audacious ideas, and collaborate within an influential community driving breakthroughs that improve millions of lives.
Every contribution, regardless of size, makes a tangible difference. Together, these gifts demonstrate the transformative power of annual participation and the collective commitment that defines the Hertz community.
Thank you to our donors who have made the foundation a philanthropic priority this past year, and we are grateful for your continued support.
Fellow Participation
Total Donors in FY25: 372
Investment Strategy and Results
The Hertz Foundation’s assets continue to demonstrate steady growth and resilience amid an uncertain economic environment. We remain cautiously optimistic about our continued financial strength and the soundness of our investment and fundraising strategies.
As of June 30, 2025, the Foundation’s total assets reached $48.6 million, an increase of more than 18% from the previous year. Assets included $567,855 in cash and cash equivalents, $7.1 million in pledges receivable, and $40.6 million in the investment portfolio. Over the last three years, we experienced a rolling average of an accrued surplus of 0.75% per year with an investment surplus rate of 1.1% this past year. Our strong financial performance is crucial as we continue to secure resources to support our strategic plan.
Investment Portfolio Value
As of June 30, 2025: $40,598,853
Fiscal year 2025 unfolded amid persistent inflationary pressures, shifting interest rate policy, and uneven market performance. While the U.S. economy avoided a significant downturn, rising geopolitical tensions and a more selective, valuation-driven technology sector created an unpredictable investment landscape.
Against this backdrop, the Hertz Foundation’s disciplined and conservative allocation strategy once again proved effective. Our measured approach outperformed most peer endowments.
Looking ahead, we will continue to balance prudence with opportunity. As always, we remain guided by our mission: to preserve and grow the resources entrusted to us so we can support the nation’s most promising scientific minds for generations to come.
Asset Allocation
As of June 30, 2025
expenses
As of June 30, 2025
FINANCIAL Documents
FY2024 Philanthropy Report
FY2024 Audited Financial Report
FY2024 Form 990
Tax Information
The Hertz Foundation is a tax-exempt 501(c)(3) not-for-profit organization. Our tax ID is 36-2411723.
Seal of Transparency
The Hertz Foundation has achieved the Platinum Seal of Transparency Rating on Guidestar, the world’s largest source of information on non-profit organizations. A platinum status demonstrates the Hertz Foundation’s exceptional trustworthiness, financial strength, fiscal management best practices, and tangible successful outcomes in support of its mission.
100%, Four-Star RATING
The Hertz Foundation has a 100% score on Charity Navigator, earning it a Four-Star rating, the highest indicator of organizational effectiveness and transparency from the world’s most-utilized independent charity evaluator. This powerful trust indicator demonstrates that donors can give with confidence due the Hertz Foundation’s financial health, fiscal responsibility, and accountability.
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