The F. B. Heron Foundation
100 Broadway, 17th Fl.
New York City, NY United States 10005-4506
Telephone: (212) 404-1800
Type of Grantmaker
(yr. ended 2014-12-31)
Total giving: $8,446,426
Established in 1992 in DE - Heron was created in 1992 with the mission of helping people and communities help themselves, especially those at the bottom of the economic ladder. The foundation's goal is to help people in the United States escape poverty, thrive, and enjoy the benefits of full livelihood, opportunity and community. Its strategy is to invest capital to expand reliable employment and economic opportunity for those on the margins
Purpose and Activities
The grantmaker has identified the following area(s) of interest:
Effective Practices in Philanthropy
The program supports mission-related investing (MRI) and general operating support for efforts that: educate, catalyze and encourage others to undertake promising MRI and core support grantmaking strategies; develop products that promote MRI and facilitate specific MRI deals; and that disseminate lessons learned and case examples for both MRI and core support grantmaking.
Employee Matching Gifts
The foundation matches the monetary gifts of its employees to charitable organizations.
Investment in and Influence of Good Employers
The foundation invests all its financial assets in a range of enterprises that hire, train, and promote Americans now excluded from or trapped at the bottom of the economy. The investments span the asset class spectrum, including grants, loans, and equity investments and include every type of enterprise; nonprofits, for-profits, cooperatives, partnerships, and government. It also invest non-financial forms of capital; social, moral, reputational, and knowledge; engaging with like-minded investors and enterprises to influence more people to share our approach. The foundation invest directly and with others, through co-investments, intermediaries, and funds. .
The foundation seeks to accelerate the level of its assets invested in efforts with strong financial and social returns. Mission-Related Investments may take the following forms: 1) Program-Related Investments, typically low-interest senior or subordinated loans or equity-like investments to nonprofit or for-profit organizations whose work closely corresponds with the Foundation’s programmatic interests; 2) Market-rate insured deposits in low-income designated credit unions or community development banks; and 3) Other mission-related investments including, but not limited to, private equity and fixed-income securities offering a risk-adjusted market rate of return with substantial social benefits to low-income families and communities.
Fields of Interest
- Economic development
- Economically disadvantaged people
- Low-income and poor people
Year ended 2014-12-31
Assets: $288,711,960 (market value)
Total giving: $8,446,426
Qualifying distributions: $14,616,208
Giving activities include:
$20,456 employee matching gifts
$1,375,433 for loans/program-related investments