FANNIE AND JOHN HERTZ FOUNDATION
2300 FIRST STREET SUITE 250, LIVERMORE, CA 94550 www.hertzfoundation.org

---

Organizations Filed Purposes: THE FANNIE AND JOHN HERTZ FOUNDATION'S MISSION IS TO IDENTIFY THE NATION'S MOST PROMISING INNOVATORS IN SCIENCE AND TECHNOLOGY, AND EMPOWER THEM TO PURSUE SOLUTIONS TO THE WORLD'S TOUGHEST CHALLENGES. LAUNCHED IN 1963, THE HERTZ FELLOWSHIP IS (CONTINUED AT SCHEDULE O) THE MOST EXCLUSIVE FELLOWSHIP PROGRAM IN THE US, FUELING MORE THAN 1,200 LEADERS, DISRUPTORS, AND CREATORS WHO APPLY THEIR REMARKABLE TALENTS WHERE THEY'RE NEEDED MOSTFROM IMPROVING HUMAN HEALTH TO PROTECTING THE HEALTH OF THE PLANET. HERTZ FELLOWS HOLD 3,000+ PATENTS, HAVE FOUNDED 200+ COMPANIES, AND HAVE RECEIVED 200+ MAJOR NATIONAL AND INTERNATIONAL AWARDS, INCLUDING TWO NOBEL PRIZES, EIGHT BREAKTHROUGH PRIZES, THE NATIONAL MEDAL OF TECHNOLOGY, THE FIELDS MEDAL, AND THE TURING AWARD.

TO IDENTIFY, SUPPORT AND MENTOR THE TOP US PHD STUDENTS IN SCIENCE, MATH AND ENGINEERING

FELLOWSHIP TUITION AND STIPEND. THE FOUNDATION'S LARGEST ANNUAL EXPENSE IS FELLOWS' TUITION AND STIPEND. IN FISCAL YEAR 2020, COMPENSATION PACKAGES TOTALED $1.8M FOR 72 STUDENTS, 37 PERCENT OF TOTAL EXPENSE. THE FOUNDATION'S GOAL IS TO RAISE ENOUGH SUPPORT TO FUND ALL WORTHY CANDIDATES EACH YEAR; HOWEVER, CURRENT RESOURCES ALLOW FOR ONLY ONE-THIRD OF ALL WORTHY CANDIDATES TO RECEIVE A FELLOWSHIP. TO ACHIEVE THIS GOAL, THE HERTZ FOUNDATION BOARD OF DIRECTORS AUTHORIZED A SIGNIFICANT BUDGET INCREASE TO BUILD A MORE AGGRESSIVE AND SUCCESSFUL NATIONAL FUNDRAISING AND PUBLIC RELATIONS EFFORT. SOME DONORS RESTRICTED THEIR GIFTS TO SUPPORT BUILDING FUNDRAISING CAPACITY. TANGIBLE RESULTS CAME QUICKLY, WITH FISCAL YEARS 2016-2019 PRODUCING RECORD FUNDRAISING CASH RESULTSFROM $2.3M IN (CONTINUED AT SCHEDULE O) FISCAL YEAR 2016 TO $5.7M IN FISCAL YEAR 2019. MOREOVER, 28 PERCENT OF FELLOWS NOW MAKE ANNUAL GIFTS TO THE FOUNDATION, A LEVEL OF GRADUATE ALUMNI SUPPORT THAT FAR EXCEEDS MOST ELITE RESEARCH UNIVERSITIES. IN FISCAL YEAR 2016, THE BOARD OF DIRECTORS ESTABLISHED A GOAL OF WITHDRAWING 5 PERCENT OR LESS OF THE FOUNDATION'S CORPUS (INCLUDING INVESTMENT INCOME AND GAINS IN VALUE) BY FISCAL YEAR 2020; THIS GOAL WAS ACHIEVED TWO YEARS EARLY IN FISCAL YEAR 2018.

SELECTION AND MENTORING OF IN-SCHOOL FELLOWS. THE FOUNDATION'S PROCESS FOR SELECTING FELLOWSHIP RECIPIENTS IS THE MOST RIGOROUS IN THE US. MORE THAN 800 APPLICATIONS WERE RECEIVED AND REVIEWED BY THE SELECTION COMMITTEE, COMPRISED OF LEADING SCIENTISTS, ENGINEERS, AND MATHEMATICIANS, MANY OF THEM ALUMNI FELLOWS. FOLLOWING TWO ROUNDS OF IN-PERSON INTERVIEWS, THE FOUNDATION AWARDS FELLOWSHIPS TO A GROUP OF 10 OR MORE CANDIDATES. THE PROGRESS OF IN-SCHOOL FELLOWS IS MONITORED IN A VARIETY OF WAYS, INCLUDING DISCUSSIONS WITH AND REPORTS FROM FACULTY ADVISORS. THE SELECTION AND MENTORING OF IN-SCHOOL FELLOWS REPRESENTED 14 PERCENT OF TOTAL EXPENSE.

HERTZ COMMUNITY: THE FOUNDATION PROVIDES LIFELONG SUPPORT TO ITS COMMUNITY OF MORE THAN 1200 FELLOWS, INCLUDING MENTORING, PROFESSIONAL DEVELOPMENT WORKSHOPS, AND NETWORKING OPPORTUNITIES. THE ANNUAL SUMMER WORKSHOP AND BI-ANNUAL RETREATS ARE DESIGNED TO FOSTER RESEARCH COLLABORATIONS, INTRODUCE NEW TECHNIQUES AND DISCOVERIES, AND BUILD CONNECTIONS WITH TOP SCIENTISTS AND INNOVATORS. THE FOUNDATION ALSO FACILITATES MENTORING RELATIONSHIPS AMONG FELLOWS TO SUPPORT THEIR PROFESSIONAL GROWTH AND WORKS WITH FELLOWS TO BUILD TAILORED INTERNSHIP EXPERIENCES , NATIONALLY. A LARGE PORTION OF THESE EXPENSES ARE OFFSET BY RESTRICTED ALUMNI GIFTS. (CONTINUED AT SCHEDULE O)THE FOUNDATION HAS ESTABLISHED SEVERAL AWARDS TO HIGHLIGHT EARLY-CAREER FELLOWS WHO ARE MAKING AN ACCELERATED IMPACT WITH THEIR WORK: THE HERTZ DOCTORAL THESIS PRIZE, THE PETER STRAUSS AWARD, AND THE NEWMAN ENTREPRENEURIAL INITIATIVE. THE LATTER TWO ARE FUNDED BY A DONOR. TOTAL COSTS FOR THE HERTZ COMMUNITY WERE $966,091 (20 PERCENT OF TOTAL EXPENSE).

---

---

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202023009349301257_public.xml