FOUNDATION FOR EXCELLENCE IN HIGHER EDUCATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR EXCELLENCE IN HIGHER EDUCATION INC (EIN 46-1439784)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-16
- IRS object ID
- 202422909349301402
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-16T11:38:25-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WithumSmithBrown PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE TOWER CENTER BLVD 14TH FL | AddressLine1Txt |
| City | EAST BRUNSWICK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08816 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461439784 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Foundation for Excellence in Higher | BusinessNameLine1Txt |
| Business Name Line2 | Education | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % LUIS TELLEZ | InCareOfNm |
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 6096888779 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 Stockton Street | AddressLine1Txt |
| City | Princeton | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 085406813 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Luis E Tellez | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6096888779 | PhoneNum |
| Signature | 2024-08-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Israel Tannenbaum | PreparerPersonNm |
| PTIN | P01589203 | PTIN |
| Phone | 7328281614 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Luis E Tellez | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 Stockton Street | AddressLine1Txt |
| City | Princeton | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 085406813 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,899,396 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.EXCELLENCEINHIGHERED.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | FEHE Funds and advises programs at elite universities where the next generation of cultural leaders are formed. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,579,199 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,790,410 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $40,183 | PYInvestmentIncomeAmt |
| CY Investment Income | $108,986 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $12,619,382 | PYTotalRevenueAmt |
| CY Total Revenue | $7,899,396 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $8,298,749 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,697,402 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $97,446 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $567,615 | PYOtherExpensesAmt |
| CY Other Expenses | $587,400 | CYOtherExpensesAmt |
| PY Total Expenses | $8,866,364 | PYTotalExpensesAmt |
| CY Total Expenses | $10,284,802 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,753,018 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,385,406 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,426,849 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,285,530 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,848,421 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,619,239 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,578,428 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,666,291 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ESTABLISHED IN 2012 AS AN INDEPENDENT, NON-PARTISAN, GRANT-MAKING ORGANIZATION, THE FOUNDATION FOR EXCELLENCE IN HIGHER EDUCATION, INC ("FEHE") FUNDS AND ADVISES PROGRAMS AT ELITE UNIVERSITIES WHERE THE NEXT GENERATION OF CULTURAL LEADERS ARE FORMED. WE ADVANCE OUR MISSION OF ACADEMIC AND CULTURAL RENEWAL BY BUILDING INTERNAL UNIVERSITY PROGRAMS SUPPORTED BY EXTERNAL INSTITUTES, FORMING EXCEPTIONAL STUDENTS IN CHARACTER AND VIRTUE THROUGH CLOSE MENTORSHIP AND INTELLECTUAL FRIENDSHIP, NETWORKING THESE STUDENTS WITH SELECT FACULTY, INDUSTRY LEADERS, AND WITH EACH OTHER, AND MULTIPLYING THEIR IMPACT ACROSS INDUSTRIES, GEOGRAPHIES, AND GENERATIONS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $10,019,640 | ExpenseAmt |
| Grant | $9,697,402 | GrantAmt |
| Desc | In the 2022-23 academic year alone, our network sponsored 53 for credit courses for over 1,500 students, and hosted over 1,000 seminars, lectures, and conferences with over 18,000 attendees. FEHE currently supports twenty-seven institutes and programs at fourteen elite universities. These programs are forming exceptional students through intellectual friendship, connecting them with each other, and positioning them at key points of cultural influence in academia, law, politics, business, media, finance, and medicine. FEHE's impact on elite universities and the broader culture is significant and growing. In the past five years alone, our grantees have reached approximately 100,000 students and young scholars through 5,000 events and 217 for-credit courses. The growth of each of these metrics (students and attendees up 177 percent; events up 88 percent; for-credit courses up 400 percent) demonstrates FEHE's success in advancing its goals of forming students and supporting the next generation of scholars and leaders. | Desc |
| Total Program Service Expenses | $10,019,640 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LUIS TELLEZ | PersonNm |
| Phone | 6096888779 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 STOCKTON STREET | AddressLine1Txt |
| City | PRINCETON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| FRANCIS HAGER | |||||||
| CHAIRMAN - FROM 02/2023 | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LUIS TELLEZ | |||||||
| PRESIDENT | 30.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DONALD READLINGER | |||||||
| SECRETARY | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| G DAVID BEDNAR | |||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| ROBERT GEORGE | |||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| STEVEN JUSTICE | |||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| BOYD SMITH | |||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| THOMAS TRKLA | |||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| PETER BINCKERHOFF | |||||||
| TREASURER - THRU 02/2023 | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| THALIA CONSIDINE | |||||||
| TRUSTEE - THRU 11/2023 | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| KELLY HANLON | |||||||
| DIRECTOR OF OPERATIONS | 28.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| JOHN DOHERTY | |||||||
| ASSISTANT TREASURER | 18.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| RUSSELL SNELL | |||||||
| PROGRAM COMMITTEE MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | The Witherspoon Institute Inc | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 Stockton Street | AddressLine1Txt |
| City | PRINCETON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Administrative | ServicesDesc |
| Compensation | $380,793 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $7,790,410 | AllOtherContributionsAmt |
| Total Contributions | $7,790,410 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $108,986 | TotalRevenueColumnAmt |
| Exclusion | $108,986 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,899,396 | TotalRevenueColumnAmt |
| Exclusion | $108,986 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,801,495 | TotalAmt |
| Program Services | $5,801,495 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $803,907 | TotalAmt |
| Program Services | $803,907 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,092,000 | TotalAmt |
| Program Services | $3,092,000 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $380,793 | TotalAmt |
| Program Services | $217,996 | ProgramServicesAmt |
| Management And General | $99,921 | ManagementAndGeneralAmt |
| Fundraising | $62,876 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,850 | TotalAmt |
| Management And General | $3,850 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,850 | TotalAmt |
| Management And General | $30,650 | ManagementAndGeneralAmt |
| Fundraising | $1,200 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,377 | TotalAmt |
| Management And General | $2,377 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,000 | TotalAmt |
| Program Services | $16,000 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,456 | TotalAmt |
| Program Services | $2,461 | ProgramServicesAmt |
| Fundraising | $995 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,409 | TotalAmt |
| Program Services | $133 | ProgramServicesAmt |
| Management And General | $7,336 | ManagementAndGeneralAmt |
| Fundraising | $16,940 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,767 | TotalAmt |
| Program Services | $240 | ProgramServicesAmt |
| Management And General | $19,288 | ManagementAndGeneralAmt |
| Fundraising | $3,239 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,381 | TotalAmt |
| Program Services | $80,369 | ProgramServicesAmt |
| Management And General | $2,816 | ManagementAndGeneralAmt |
| Fundraising | $12,196 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,478 | TotalAmt |
| Management And General | $1,478 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RESEARCH | Desc |
| Total | $5,039 | TotalAmt |
| Program Services | $5,039 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,284,802 | TotalAmt |
| Program Services | $10,019,640 | ProgramServicesAmt |
| Management And General | $167,716 | ManagementAndGeneralAmt |
| Fundraising | $97,446 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,530 | BOYAmt |
| EOY | $78,410 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,386,473 | BOYAmt |
| EOY | $3,104,748 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,872,846 | BOYAmt |
| EOY | $10,102,372 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,426,849 | BOYAmt |
| EOY | $13,285,530 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,429 | BOYAmt |
| EOY | $1,972 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,843,992 | BOYAmt |
| EOY | $6,617,267 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,848,421 | BOYAmt |
| EOY | $6,619,239 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,740,769 | BOYAmt |
| EOY | -$4,093,748 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,319,197 | BOYAmt |
| EOY | $10,760,039 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,578,428 | BOYAmt |
| EOY | $6,666,291 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,426,849 | BOYAmt |
| EOY | $13,285,530 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,385,406 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $473,269 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,845,844 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,881,870 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,002,160 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,579,199 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,790,410 | CurrentTaxYearAmt |
| Total | $42,099,483 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,845,844 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,881,870 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,002,160 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,579,199 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,790,410 | CurrentTaxYearAmt |
| Total | $42,099,483 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $30,650,873 | SubstantialContributorsTotAmt |
| Public Support Total170 | $11,448,610 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $62,414 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $42,273 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,015 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,593 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $108,986 | CurrentTaxYearAmt |
| Total | $265,281 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $42,364,764 | TotalSupportAmt |
| Public Support CY170 | 0.27024 | PublicSupportCY170Pct |
| Public Support PY170 | 0.21638 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Section C, Line 17a | FormAndLineReferenceDesc |
| Explanation | Facts and Circumstances test This statement is attached in accordance with the instructions for Schedule A, Form 990 regarding an organization that believes it is publicly supported according to applicable regulations. Treas. Reg. Sec 1.170A-9(F)(3) provides that an organization may be treated as "publicly supported" under the facts and circumstances test even if it fails to meet the 33 1/3 percent mechanical test. Under the facts and circumstances test, an organization will be treated as publicly supported if it normally received a substantial part of its support from the general public, or from a combination of these sources, and meets certain other requirements. The pertinent factors set forth in the regulations are discussed below: I,II) Attraction of public support FEHE maintains a continuous and bona fide program for solicitation of funds from the general public. The 10% test is satisfied by support from a number of unrelated donors. In its early existence, FEHE limited the scope of its solicitation to persons who would be most likely to provide seed money sufficient to enable it to begin its charitable activities and has since expanded its solicitation program. In 2018, FEHE launched a new website with the capacity to accept online donations. Primarily, however, in 2018 and 2019, FEHE hosted nine in-person fundraising events across the country in locations such as California, Texas, New York, Connecticut, North Carolina, Florida, and Arizona-to attract new donors. During this time, FEHE also created new promotional materials that were mailed to donors and prospects. FEHE's president and senior leadership also made approximately 200 visits to donors and prospective donors in the first two years of FEHE's test period. When the pandemic began in early 2020, FEHE shifted its solicitation program from mostly in person gatherings to virtual meetings and online solicitations. In 2020 and 2021, FEHE hosted or participated in approximately 250 meetings. In addition, FEHE continued its program of regular mailings to our house list of donors and prospective donors while embarking on a more robust electronic solicitation program. Online solicitations included email campaigns and listings on websites of allied non-profits, including universities. By the end of 2021, FEHE had sent more than 12,000 emails to its own list and through partnerships with sister organizations. Several of our grantees (public charities) also listed FEHE on their own websites and donation pages to ask their own donors to consider supporting FEHE directly. In 2022, FEHE brought together its in-person, mail, and electronic solicitation efforts. FEHE sponsored or participated in more than 130 in-person meetings and briefings. In addition, we sent emails to approximately 15,000 individuals and mailed hard copies of collateral materials to about 250 people. This solicitation program continued in 2023. III) Sources of support: FEHE's activities appeal to a broad cross-section of persons nationwide who are interested in supporting the advancement of higher education. Currently, donations are solicited from the public on a continuous basis through its website and various outreach programs. IV) Representative Governing Body FEHE's governing body includes ten individuals, all independent from one another and represent the broad interests of the public. Representing multiple disciplines, FEHE brings together a team of thought leaders and doers with unique perspectives and expertise to develop the tools to advance higher education. Trustees are chosen for their interest in enhancing American higher education as an important part of improving American society generally. They specifically appreciate the importance of helping students and professors explore universal questions about truth that cross disciplines. Some of them are even members of academia. Most have been collaborators in the work of FEHE's grantees before joining the board of FEHE. The current trustees are as follows: Boyd C. Smith. Chairman. Mr. Smith is a private investor in commercial real estate and high-tech start-up companies. He and his two business partners founded the California Family Foundation, which funds Beechwood School, an independent K-8 school that serves low-income and minority students. Boyd and his wife, Jill, also founded the Golden Gate Family Foundation, which runs a scholarship and mentoring program for youth who are first generation college bound. He is currently a board member of the Hoover Institution Board of Overseers at Stanford University and the Lucille Packard Foundation for Children's Health. He received a BS in Economics from the University of Utah, and an MBA from Stanford University. Boyd and his wife reside in Palo Alto, California. Luis E. Tellez. President. Mr. Tellez is the President of the Witherspoon Institute, a public charity that, among other things, provides academic programming for high school, undergraduate, and graduate students to examine the moral foundations of political, philosophical, and social thought. He spent the early part of his career working in the chemical industry, and subsequently spent over twenty years administering several non-profit corporations before helping to found Witherspoon. Peter R. Brinckerhoff. Treasurer and Chairman of Finance. Mr. Brinckerhoff is a private investor and philanthropist who resides in Florida. He holds a bachelor's degree from Princeton University and an MBA from Columbia University. Before his retirement he spent a career in finance on Wall Street in investment banking, mostly with Merrill Lynch. Donald Readlinger. Secretary. Mr. Readlinger is a partner in the law firm Troutman Pepper Hamilton Sanders LLP. He has practiced law since 1999, focusing on corporate and transactional matters, and has represented several nonprofit corporations and charitable organizations throughout his career. He routinely advises boards of directors of public and private corporations. Prior to commencing his legal career, Mr. Readlinger held various positions in investment banking and insurance, and with the Federal Reserve Bank of New York. He has served as a member of the board of directors of the Morningside Institute (New York, N.Y.) and is a trustee of the Aquinas Institute for Catholic Life at Princeton University. Mr. Readlinger received a B.A. from Boston College and a J.D. from Rutgers School of Law. He lives in Princeton with his wife and three children. G. David Bednar. David Bednar is the Principal of Devotio Capital Management. He is a twenty four-year veteran of global real estate lending and investing, spanning the capital structure from equity to first mortgage lending. Mr. Bednar received a BA and MBA from Harvard University and served for four years as an infantry officer in the United States Marine Corps. Thalia ''Tay'' Considine. Thalia Considine is the Chairman of the Board of Directors and President of the Considine Family Foundation. She is also on the board of the Abigail Adams Institute and the advisory board of the Human Flourishing Program, both FEHE affiliates at Harvard University. Thalia comes to the nonprofit world after teaching elementary school for several years. She holds an A.B. in history from Harvard College and an M.A. in Medieval History from King's College, London. Robert P. George. Dr. George is the McCormick Professor of Jurisprudence in the Department of Politics and Director of the James Madison Program in American Ideals and Institutions at Princeton University. He is also the Herbert W. Vaughan Senior Fellow of the Witherspoon Institute. Francis Hager. Mr. Hager is a Managing Partner of OppCAP Group LLC. Previously he was a Partner at Stone Tower Capital and before that co-head of the Credit Suisse "cash" CLO/CDO group. He began his career in corporate finance at Citibank before moving to Morgan Stanley. He has served on boards of several non-profits and is currently a member of the IESE (Barcelona) Business School U.S. Advisory Council, the board of the Collegium Institute and the advisory council of the Penn Initiative for the Study of Markets (both at the University of Pennsylvania). Mr. Hager holds a BS summa cum laude in economics from the Wharton School of the University of Pennsylvania and an MPhil in economics from Oriel College, University of Oxford. Steven V. Justice. Dr. Justice is Professor emeritus of English at UC Berkeley, where he taught topics in medieval literary history and literary criticism. He is also a Senior Fellow and former President of the Berkeley Institute. Justice has been a fellow at the Stanford Humanities Center, Council of the Humanities Fellow at Princeton University, and Senior Fellow of the Witherspoon Institute, and has held fellowships from the National Endowment for the Humanities, the Huntington Library, and the University of California. Thomas Trkla. Mr. Trkla is the founding member and majority owner, Chairman and Chief Executive Officer of Brookw | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp | |
| Leasehold Improvements | LeaseholdImprovementsGrp | |
| Equipment | EquipmentGrp | |
| Other Land Buildings | OtherLandBuildingsGrp | |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
| Total Liability | $0 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,472,195 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $8,472,195 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,377 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$575,176 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$572,799 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,899,396 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $10,384,332 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $10,384,332 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,377 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | -$101,907 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$99,530 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $10,284,802 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, line 2 | The Foundation is exempt from federal income tax under Section 501(c)(3) of the United States Internal Revenue Code and exempt from state income taxes under state law and no provision for such income tax has been reflected in the financial statements. The Foundation has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at December 31, 2023 and 2022. The Foundation did not recognize any tax-related interest or penalties during the periods presented in these financial statements. |
| Part XI Line 4b | Discount on promises to give receivable 575,176 |
| Part XII Line 4b | discount on promises to give payable 101,907 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland and Greenland) | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | Grantmaking | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $3,328,000 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $3,328,000 | SubtotalSpentAmt |
| Total Spent | $3,328,000 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|
| Europe (Including Iceland and Greenland) | General operations | $236,000 | CHECK |
| Europe (Including Iceland and Greenland) | Scholarship, general | $3,092,000 | CHECK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | Most of FEHE's grants are awarded to a fixed group of about two dozen programs for their general operations. These receive grants annually in two disbursements. Before each disbursement is made, the grantees are required to submit reports to FEHE on their activities and expenses during the preceding six months. In addition, all executive directors of these grantees, including some of their supporting staff, normally attend an annual conference to discuss their experiences in the previous year and their objectives for the future. FEHE's management are also in continual contact with these same executive directors throughout the year to advise them on their fundraising and operations. Finally, either the President or the Director of Operations of FEHE sits on the boards or advisory councils of all these grantees and regularly attends their meetings. FEHE also awards grants to support postdoctoral fellowships at about a dozen universities in the United States and Great Britain. The departments or institutes that host these fellowships are required to submit reports to FEHE on the activities and expenses of the fellow at the end of each year of the fellowship. In addition, FEHE's management are in continual contact with the scholars who oversee the fellows' work; these scholars are also affiliated with one of the programs or institutes mentioned above whose general operations FEHE supports. FEHE also sponsors the Barry Center at the Morningside Institute, whose staff are in continual contact with the postdoctoral fellows themselves to advise them on their work; FEHE's management are in continual contact with the Barry Center's staff. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (16 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| Austin Institute FSOFC | ||||||||
| 3206 Fairfax walk | Austin | TX | 78705 | 462082757 | 501c3 | $495,000 | General operations | |
| Collegium Institute | ||||||||
| 228 S 40th St | Philadelphia | PA | 19104 | 463047945 | 501c3 | $375,000 | General operations | |
| Duke University | ||||||||
| 324 Blackwell Street | Durham | NC | 27701 | 560532129 | 501c3 | $470,000 | General operations | |
| Elm Institute | ||||||||
| 31 whitney ave ste 1 | new haven | CT | 06510 | 471625610 | 501c3 | $260,700 | General operations | |
| Forbes Avenue Foundation | ||||||||
| PO Box 7126 337 bouquet st | pittsburgh | PA | 15213 | 824121313 | 501c3 | $50,000 | General operations | |
| Harvard University | ||||||||
| 124 mount auburn street | cambridge | MA | 02138 | 042103580 | 501c3 | $300,000 | General operations | |
| Hyde Park Institute | ||||||||
| 1407 E 60TH STREET | Chicago | IL | 60637 | 475549775 | 501c3 | $321,600 | General operations | |
| Johns Hopkins University | ||||||||
| 550 N Broadway | Baltimore | MD | 21205 | 520595110 | 501c3 | $250,000 | General operations | Ste 912 |
| The Abigail Adams Institute | ||||||||
| 14 arrow street G10 | Cambridge | MA | 02138 | 471495965 | 501c3 | $260,000 | General operations | |
| The Berkeley Institute | ||||||||
| 2134 ALLSTON WAY | Berkeley | CA | 94704 | 463482813 | 501c3 | $317,252 | General operations | |
| The Houston Institute | ||||||||
| 2101 Dryden Rd | Houston | TX | 77030 | 474634060 | 501c3 | $125,000 | General operations | |
| The Morningside Institute | ||||||||
| 490 RIVERSIDE DRIVE | new york | NY | 10027 | 821094056 | 501c3 | $312,850 | General operations | FLOOR 11 |
| Zephyr Institute | ||||||||
| 560 COLLEGE AVENUE | Palo Alto | CA | 94306 | 471979289 | 501c3 | $200,000 | General operations | |
| The American Academy of Sciences and Letters | ||||||||
| 8 THE GREEN SUITE B | DOVER | DE | 19901 | 923208317 | 501c3 | $750,000 | General operations | |
| The Aquinas Institute | ||||||||
| 134 Nassau Street | Princeton | NJ | 08542 | 831005620 | 501c3 | $426,000 | General operations | |
| Trustees of the University of Pennsylvania | ||||||||
| 3451 Walnut Street | Philadelphia | PA | 19104 | 231352685 | 501c3 | $754,000 | General operations | Room 305 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 16 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Fellowships | GrantTypeTxt |
| Recipient | 11 | RecipientCnt |
| Cash Grant | $803,907 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | Most of FEHE's grants are awarded to a fixed group of about two dozen programs for their general operations. These receive grants annually in two disbursements. Before each disbursement is made, the grantees are required to submit reports to FEHE on their activities and expenses during the preceding six months. In addition, all executive directors of these grantees, including some of their supporting staff, normally attend an annual conference to discuss their experiences in the previous year and their objectives for the future. FEHE's management are also in continual contact with these same executive directors throughout the year to advise them on their fundraising and operations. Finally, either the President or the Director of Operations of FEHE sits on the boards of advisory councils of all these grantees and regularly attends their meetings. FEHE also awards grants to support postdoctoral fellowships at about a dozen universities in the United States and Great Britain. The departments or institutes that host these fellowships are required to submit reports to FEHE on the activities and expenses of the fellow at the end of each year of the fellowship. In addition, FEHE's management are in continual contact with the scholars who oversee the fellows' work; these scholars are also affiliated with one of the programs or institute mentioned above whose general operations FEHE supports. FEHE also sponsors the Barry Center at the Morningside Institute, whose staff are in continual contact with the postdoctoral fellows themselves to advise them on their work; FEHE's management are in continual contact with the Barry Center's staff. Occasionally FEHE will make one-time grants to certain grantees whose missions are partially aligned with FEHE's. FEHE will also require these organizations to submit reports on their activities. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B: | FEHE's FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, QUESTION 12: | FEHE HAS A WRITTEN CONFLICT OF INTEREST POLICY. ANNUALLY, ALL OFFICERS OF THIS ORGANIZATION AND MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND DISCLOSE ANY APPLICABLE CONFLICTS. CONFLICTS ARE REVIEWED BY THE ORGANIZATION'S BOARD OF TRUSTEES. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST RECUSES THEMSELF FROM THE CONFLICT OF INTEREST REVIEW AND APPROVAL PROCESS. DISCLOSURE STATEMENTS ARE REVIEWED FOR FULL COMPLIANCE WITH FEHE's POLICIES. |
| FORM 990, PART VI, SECTION B, QUESTION 15: | FEHE officers are paid through the witherspoon institute, an unrelated not for profit organization. |
| FORM 990, PART VI, SECTION C, LINE 19: | GOVERNING DOCUMENTS, THE FINANCIAL STATEMENTS, AND OTHER DOCUMENTS, SUCH AS THE CONFLICT-OF-INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | Other changes in net assets consist of the following: discount on promises to give receivable - 575,176, discount on promises to give payable - (101,907) |
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