JACOB & TERESE HERSHEY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: JACOB & TERESE HERSHEY FOUNDATION (EIN 74-6039126)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-07
IRS object ID: 202513119349102216
Schema version: 2024v5.2
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Depreciation Schedule
Expenditure Responsibility Stmt
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Land Etc Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-07T15:31:19-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	760269860	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Blazek & Vetterling	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2900 Weslayan Suite 200	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77027	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	746039126	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Jacob and Terese Hershey Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	JACO	BusinessNameControlTxt
Phone	7135297610	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 66009	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77266	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Elizabeth G Love	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	7135297610	PhoneNum
Signature	2025-11-07	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Kurt Coburn	PreparerPersonNm
PTIN	P01638285	PTIN
Phone	7134395739	PhoneNum
Preparation	2025-11-07	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$123,440,910	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$400,042	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$2,283,323	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,283,323	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$5,539,748	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$36,661,666	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$5,539,748	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$400,395	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$578,532	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$8,623,508	TotalRevAndExpnssAmt
Total Net Invst Incm	$8,401,603	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$285,375	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$285,375	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$482,302	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$48,927	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$433,375	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$198,091	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$11,885	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$186,206	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$5,673	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$2,837	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$2,836	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$31,550	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$15,275	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$15,775	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$262,625	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$219,247	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$43,378	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$74,696	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$2,696	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$7,022	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$0	DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss	$90,009	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$5,737	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$84,272	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$31,979	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$1,988	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$29,941	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$670,123	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$532,304	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$137,674	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$2,139,445	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$840,896	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,218,832	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$6,844,100	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$6,844,100	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$8,983,545	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$840,896	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$8,062,932	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$360,037	ExcessRevenueOverExpensesAmt
Net Investment Income	$7,560,707	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$106,358	CashBOYAmt
Cash EOY	$105,227	CashEOYAmt
Cash EOYFMV	$105,227	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$2,224,364	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$1,484,566	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$1,484,566	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses EOY	$9,865	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$9,865	PrepaidExpensesEOYFMVAmt
US Government Obligations BOY	$14,593,889	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$14,699,063	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$13,446,505	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$70,970,496	CorporateStockBOYAmt
Corporate Stock EOY	$70,178,101	CorporateStockEOYAmt
Corporate Stock EOYFMV	$87,228,236	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$12,357,980	CorporateBondsBOYAmt
Corporate Bonds EOY	$10,866,358	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$10,362,874	CorporateBondsEOYFMVAmt
Other Investments BOY	$7,040,563	OtherInvestmentsBOYAmt
Other Investments EOY	$9,593,640	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$10,786,853	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$35,132	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$23,740	LandBldgEquipAccumDeprecAmt
Land BOY	$15,501	LandBOYAmt
Land EOY	$11,392	LandEOYAmt
Land EOYFMV	$11,392	LandEOYFMVAmt
Other Assets BOY	$7,116	OtherAssetsBOYAmt
Other Assets EOY	$5,392	OtherAssetsEOYAmt
Other Assets EOYFMV	$5,392	OtherAssetsEOYFMVAmt
Total Assets BOY	$107,316,267	TotalAssetsBOYAmt
Total Assets EOY	$106,953,604	TotalAssetsEOYAmt
Total Assets EOYFMV	$123,440,910	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$1,459	AccountsPayableBOYAmt
Accounts Payable EOY	$171	AccountsPayableEOYAmt
Total Liabilities BOY	$1,459	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$171	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$107,314,808	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$106,953,433	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$107,314,808	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$106,953,433	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$107,316,267	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$106,953,604	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$107,314,808	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$360,037	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$106,954,771	SubtotalAmt
Other Decreases	$1,338	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$106,953,433	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly traded securities	P	$35,648,165	$31,128,843	$4,519,322	$4,519,322
K-1 Passthrough capital gain	P			$6,925	$6,925
Capital gain distributions	P	$1,013,501		$1,013,501	$1,013,501

Field	Value	IRS element (for citing)
Capital Gain Net Income	$5,539,748	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$105,094	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$105,094	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$105,094	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$62,162	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$63,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$125,162	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$20,068	OverpaymentAmt
Applied To ES Tax	$20,068	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	Yes (1)	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	www.jthershey.org	WebsiteAddressTxt
Individual With Books	Alan Chang	IndividualWithBooksNm
Phone	7135297613	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 66009	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77266	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	0	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	Yes (1)	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
Jeffrey Hershey
PO Box 66009	Houston	TX	77266	President/Director	5.00	$0	$0	$0
Andrew H Sansom
PO Box 66009	Houston	TX	77266	Treasurer/Director	5.00	$0	$0	$0
Amie Rodnick
PO Box 66009	Houston	TX	77266	Secretary/Director	5.00	$0	$0	$0
Kim Baker
PO Box 66009	Houston	TX	77266	Director	5.00	$0	$0	$0
Olive Hershey
PO Box 66009	Houston	TX	77266	Director	5.00	$0	$0	$0
Bakeyah Nelson
PO Box 66009	Houston	TX	77266	Director	5.00	$0	$0	$0
Angelica Razo
PO Box 66009	Houston	TX	77266	Director	5.00	$0	$0	$0
Elizabeth GLove
PO Box 66009	Houston	TX	77266	CEO	40.00	$285,375	$37,131	$1,200

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
Deborah Mueller
PO Box 66009	Houston	TX	77266	Director Operations	30.00	$173,195	$8,660	$0
Carolina Salmeron
PO Box 66009	Houston	TX	77266	Program Officer	40.00	$135,613	$6,781	$0
Alan Chang
PO Box 66009	Houston	TX	77266	Director of Finance	30.00	$122,318	$19,061	$0
Julia Gutierrez
PO Box 66009	Houston	TX	77266	Executive Assistant	30.00	$51,176	$2,428	$0

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Brown Advisory Austin TBP	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 West 2nd Street Suite 1850	AddressLine1Txt
City	Audtin	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78701	ZIPCd

Field	Value	IRS element (for citing)
Service Type	Investment management	ServiceTypeTxt
Compensation	$219,247	CompensationAmt

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	Planning for a holistic approach to environmental education and outdoor learning	Description1Txt
Expenses1	$38,000	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$113,565,186	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,168,637	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$10,450,782	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$126,184,605	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$126,184,605	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,892,769	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$124,291,836	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$6,214,592	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$6,214,592	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$105,094	TaxBasedOnInvestmentIncomeAmt
Total Tax	$105,094	TotalTaxAmt
Distributable Before Adj	$6,109,498	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$6,109,498	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$6,109,498	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$8,062,932	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$2,913	CharitableAssetsAcquisPaidAmt
Qualifying Distributions	$8,065,845	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$6,109,498	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr3	$27,477	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$1,469,377	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,454,557	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$2,951,411	TotalExcessDistributionCyovAmt
Qualifying Distributions	$8,065,845	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$6,109,498	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,956,347	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$4,907,758	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$4,907,758	ExcessDistriCyovToNextYrAmt
Excess From Year3	$27,477	ExcessFromYear3Amt
Excess From Year2	$1,469,377	ExcessFromYear2Amt
Excess From Year1	$1,454,557	ExcessFromYear1Amt
Excess From Current Year	$1,956,347	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	Jacob and Terese Hershey Foundation	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 66009	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77266	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	7135297612	RecipientPhoneNum
Recipient Email Address	support@jthershey.org	RecipientEmailAddressTxt
Form And Info And Materials	Anyone interested in applying for a grant must first submit a letter of inquiry via our online system at https://jthershey.org/apply/.	FormAndInfoAndMaterialsTxt
Submission Deadlines	Varies, see website	SubmissionDeadlinesTxt
Restrictions On Awards	Evaluated on case by case basis by the Board	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (174 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
Achieving Community Tasks Successfully
1403 Laurentide St	Houston	TX	77029	N/A	PC	Toward improvements at Pleasantville Park	$50,000
Achieving Community Tasks Successfully
1403 Laurentide St	Houston	TX	77029	N/A	PC	Toward general operations	$5,000
ACLU Foundation of Texas
PO Box 8306	Houston	TX	77288	N/A	PC	Toward efforts to restore reproductive rights in Texas	$65,500
Air Alliance Houston
2519 Caroline St Ste 100	Houston	TX	77004	N/A	PC	Toward the purposes of Texas Streets Coalition	$35,000
Air Alliance Houston
2520 Caroline St Ste 100	Houston	TX	77004	N/A	PC	Toward general operations	$120,000
AliefVotes
12989 Bellaire Blvd 2A	Houston	TX	77072	N/A	PC	Toward staff training and legal support	$6,000
Alliance For Youth Organizing
650 Massachusetts Ave NW Ste 600	Washington	DC	20001	N/A	PC	Toward the purposes of MOVE Texas Civic Fund	$1,000
Amalgamated Charitable Foundation Inc
1825 K St NW	Washington	DC	200061202	N/A	PC	Toward the purposes of Organizing Resilience	$100,000
American Forests
1220 L St NW Ste 750	Washington	DC	20005	N/A	PC	Toward a film documenting the case for restoring native Thornforest habitat	$25,000
ARISE Adelante
PO Box 778 1417 S Tower Rd	Alamo	TX	78516	N/A	PC	Toward equipping residents of South Texas colonias to address environmental concerns	$35,000
Austin Explore Inc
1111 W 24th St Ste 201	Austin	TX	78705	N/A	PC	Toward general operations	$5,000
Austin Film Society
1901 E 51st St	Austin	TX	78723	N/A	PC	Toward a film documenting the history of the Barton Creek Greenbelt	$5,000
Austin Parks Foundation
PO Box 6160	Austin	TX	78762	N/A	PC	Toward advancing local parks	$50,000
Austin Pets Alive
1156 W Cesar Chavez St	Austin	TX	78703	N/A	PC	Toward efforts to reduce shelter surrenders in underserved areas	$25,000
Austin Wildlife Rescue
5401 E Martin Luther King Jr Blvd	Austin	TX	78721	N/A	PC	Toward general operations	$10,000
Avow Foundation for Abortion Access Inc
1101 West 34th St 679	Austin	TX	78705	N/A	PC	Toward general operations	$65,000
Barrio Dogs Inc
PO BOX 230677	Houston	TX	77223	N/A	PC	Toward general operations	$15,000
Barrio Dogs Inc
PO BOX 230677	Houston	TX	77223	N/A	PC	Toward Healing with Pets: Supporting Families in Transition	$7,500
Bayou City Waterkeeper
4900 Travis St Ste 209	Houston	TX	77002	N/A	PC	Toward an environmental public interest lawyers convening	$5,000
Bayou City Waterkeeper
4900 Travis St Ste 209	Houston	TX	77002	N/A	PC	Toward general operations	$80,000
Bayou Land Conservancy
8801 Gosling Rd	Spring	TX	77381	N/A	PC	Toward general operations	$50,000
Calhoun County Resource Watch
600 Ramona Rd	Seadrift	TX	77983	N/A	PC	Toward general operations	$75,000
Camp for All Foundation
3701 Kirby Dr Ste 570	Houston	TX	77098	N/A	PC	Toward general operations	$10,000
Candlelight Ranch Foundation
PO Box 26367	Austin	TX	78755	N/A	PC	Toward general operations	$20,000
Capital & Main
1910 Sunset Ste 740 Unit 328	Los Angeles	CA	90026	N/A	PC	Toward investigative reporting on climate issues in Texas	$25,000
Center for Austin Independent Journalism
900 Garner Ave	Austin	TX	78704	N/A	PC	Toward general operations	$10,000
Center for Biological Diversity Inc
PO Box 710	Tucson	AZ	857020710	N/A	PC	Toward legal action addressing environmental degradation along the lower Texas coast	$40,000
Center for Coastal Studies Inc
5 Holway Ave	Provincetown	MA	02657	N/A	PC	Toward general operations	$10,000
Center for Reproductive Rights
199 Water St 22nd Floor	New York	NY	10038	N/A	PC	Toward general operations	$1,000
Center for Reproductive Rights
199 Water St 22nd Floor	New York	NY	10038	N/A	PC	Toward operating support for the organization's work in Texas	$150,000
Channelview ISD Education Foundation Inc
828 Sheldon Rd	Channelview	TX	775303512	N/A	PC	Toward general operations	$5,000
Coalition for Environment Equity and Resilience
540 Heights Blvd Ste 330G	Houston	TX	77007	N/A	PC	Toward building parks advocacy capacity in Houston	$25,000
Coalition of Community Organizations
5901 Market St 15310 3420 Rusk7	Houston	TX	77020	N/A	PC	Toward general operations	$35,000
Coastal Prairie Conservancy
5615 Kirby Dr Ste 867	Houston	TX	77005	N/A	PC	Toward general operations	$50,000
Collective Action for Youth
410 Sul Ross St	Houston	TX	77006	N/A	PC	Toward environmental education and advocacy training for systems involved youth	$20,000
Comal County Conservation Alliance Inc
PO Box 2804	Canyon Lake	TX	78133	N/A	PC	Toward the County Conservation Tools Workshop	$1,200
Comal County Conservation Alliance Inc
PO Box 2804	Canyon Lake	TX	78133	N/A	PC	Toward general operations	$25,000
Commission Shift
212 Flores Ave	Laredo	TX	78040	N/A	PC	Toward general operations	$76,000
Common Defense Education Fund Inc
251 w 30th St 5th Floor	New York	NY	10001	N/A	PC	Toward general operations	$1,000
Common Defense Education Fund Inc
251 w 30th St 5th Floor	New York	NY	10001	N/A	PC	Toward organizing veterans for climate justice in southeast Texas	$40,000
Communities for Better Health
4506 Fuqua St	Houston	TX	77048	N/A	PC	Toward the purposes of Ivy Leaf Farms	$10,000
Deceleration
239 Southolme	San Antonio	TX	78204	N/A	PC	Toward general operations	$25,000
Deeds Not Words
PO Box 303064	Austin	TX	78703	N/A	PC	Toward general operations	$35,000
Defenders of Wildlife
1130 17th St NW 205	Washington	DC	20036	N/A	PC	Toward highlighting environmental degradation along the lower Texas coast	$25,000
Denver Harbor Cares Inc
6301 Market St	Houston	TX	77020	N/A	PC	Toward general operations	$7,500
Earth Island Institute Inc
PO Box 5007	Larkspur	CA	94977	N/A	PC	Toward the purposes of Project Coyote	$35,000
East Harris County Empowerment Council
11821 East Freeway Ste 500	Houston	TX	77029	N/A	PC	Toward climate justice organizing in East Harris County	$25,000
East Harris County Empowerment Council
11821 East Freeway Ste 500	Houston	TX	77029	N/A	PC	Toward general operations	$10,000
Environmental Community Advocates of Galena Park
1217 15th St	Galena Park	TX	775472519	N/A	PC	Toward general operations	$15,000
Environmental Community Advocates of Galena Park
1217 15th St	Galena Park	TX	775472519	N/A	PC	Toward Community Block Captains of Galena Park	$7,500
Environmental Defense Fund Inc
257 Park Ave South 17th Floor	New York	NY	10010	N/A	PC	Toward advancing sustainable groundwater management in Texas	$50,000
Environmental Defense Fund Inc
257 Park Ave South 17th Floor	New York	NY	10010	N/A	PC	Toward partnering with frontline leaders to advance clean air policies in Houston	$35,000
Environmental Integrity Project
888 17th St NW Ste 810	Washington	DC	20006	N/A	PC	Toward operating support for the organization's work in Texas	$65,000
Environmental Protection Network
PO Box 42022	Washington	DC	20015	N/A	PC	Toward technical assistance for Texas' frontline environmental justice advocates	$25,000
Environmental Stewardship
PO Box 1423	Bastrop	TX	78602	N/A	PC	Toward general operations	$25,000
Fair Shot Texas
1106 Lavaca St	Austin	TX	787012169	N/A	PC	Toward the Texas Climate Jobs Projects Commission on Truth & Transparency in Texas Hydrogen Development	$10,000
Fair Shot Texas
1106 Lavaca St	Austin	TX	787012169	N/A	PC	Toward general operations	$40,000
Families in Nature
4610 Shoalwood	Austin	TX	78756	N/A	PC	Toward inclusive environmental education for all abilities	$25,000
Friends of Brazoria Wildlife Refuges
Box 505	Lake Jackson	TX	77566	N/A	PC	Toward advancing land conservation along Texas' mid-coast	$50,000
Friends of Deep Eddy Inc
4111 Marathon Blvd Ste 200	Austin	TX	78756	N/A	PC	Toward general operations	$5,000
Friends of the Ark Inc
PO Box 755	Port Aransas	TX	783730755	N/A	PC	Toward general operations	$25,000
Galveston Bay Foundation
1725 Highway 146	Kemah	TX	77565	N/A	PC	Toward general operations	$10,000
Galveston Bay Foundation
1725 Highway 146	Kemah	TX	77565	N/A	PC	Toward accelerating land conservation along Galveston Bay	$50,000
Go Austin Vamos Austin
3710 CEDAR St Ste 230	Austin	TX	78705	N/A	PC	Toward general operations	$35,000
Great Springs Project Inc
409 W 14th St	Austin	TX	78701	N/A	PC	Toward general operations	$50,000
Gulf Coast Bird Observatory Inc
299 W Hwy 332	Lake Jackson	TX	77566	N/A	PC	Toward general operations	$25,000
Healthy Gulf
540 Heights Blvd Ste 330G	Houston	TX	77007	N/A	PC	Toward the purposes of CEER	$100,000
Hill Country Alliance
PO Box 151675	AUSTIN	TX	78715	N/A	PC	Toward developing a 10-year land conservation plan for central Texas	$35,000
Hill Country Alliance
PO Box 151675	AUSTIN	TX	78715	N/A	PC	Toward general operations	$50,000
Hill Country Conservancy Inc
PO Box 163125	Austin	TX	78716	N/A	PC	Toward general operations	$50,000
Houston Arboretum & Nature Center
4501 Woodway Dr	Houston	TX	77024	N/A	PC	Toward general operations	$500
Houston Humane Society
14700 Almeda Rd	Houston	TX	77053	N/A	PC	Toward general operating support and wildlife center facility improvements	$15,000
Houston in Action Network
5300 Caroline St	Houston	TX	77004	N/A	PC	Toward building communications capacity for reproductive rights in Texas	$50,000
Houston Pets Alive
2800 Antoine Dr 2854	Houston	TX	77092	N/A	PC	Toward operating support for the Gulf Coast Animal Welfare Alliance	$35,000
Houston Society for the Prevention of Cruelty to Animals
7007 Old Katy Rd	Houston	TX	77024	N/A	PC	Toward general operations	$27,500
Houston Wilderness Inc
1334 Brittmoore Rd Ste 2804	Houston	TX	77043	N/A	PC	Toward promoting the use of native grass seed mix for southeast Texas	$10,000
Humane Society of Austin & Travis County
124 W Anderson Ln	Austin	TX	787521104	N/A	PC	Toward general operations	$15,000
Indigenous Cultures Institute
4501 Felicity Ln	Austin	TX	787253929	N/A	PC	Toward publication of a book for children portraying the Creation Story of the Coahuiltecans	$2,500
Inside Climate News
26 Court St Ste 1617	Brooklyn	NY	11242	N/A	PC	Toward reporting on the issue of produced water in Texas	$75,000
Inside Climate News
26 Court St Ste 1617	Brooklyn	NY	11242	N/A	PC	Toward operating support for Inside Climate News' Texas bureau	$35,000
International Crane Foundation
E11376 Shady Lane Rd	Baraboo	WI	53913	N/A	PC	Toward operating support for the Texas Program	$25,000
Ipas
PO Box 9990	Chapel Hill	NC	27515	N/A	PC	Toward power building for reproductive rights in Texas	$50,000
Jolt Initiative
PO Box 4185	Austin	TX	78765	N/A	PC	Toward general operations	$70,000
Journey Conference and Retreat Center
13210 Land Rd	Houston	TX	77047	N/A	PC	Toward travel and learning expenses for Urban Garden Learning & Advocacy Center	$6,650
Land Trust Alliance Inc
1250 H St NW Ste 600	Washington	DC	20005	N/A	PC	Toward building capacity among Texas land trusts	$60,000
LINK Houston
401 Franklin St Ste 2400 174	Houston	TX	77002	N/A	PC	Toward general operations	$77,000
Lone Star Legal Aid
1415 Fannin St	Houston	TX	77002	N/A	PC	Toward environmental justice legal services along the upper Texas coast	$75,000
Madres Del Parque Inc
7026 Beechnut	Houston	TX	77074	N/A	PC	Toward a strategic plan for Madres del Parque	$7,500
Mission Border Hope
425 South Monroe	Eagle Pass	TX	78852	N/A	PC	Toward the purposes of the Eagle Pass Border Coalition	$7,500
Mission Presbytery Inc
7201 Broadway Ste 303	San Antonio	TX	78209	N/A	PC	Toward conservation easement transaction costs	$10,000
Move Texas Civic Fund
14439 NW Military Hwy Ste 108-415	San Antonio	TX	78231	N/A	PC	Toward general operations	$50,000
National Audubon Society Inc
7700 West Highway 71 Ste 330	Austin	TX	78735	N/A	PC	Toward Audubon Texas Texas Women in Conservation Program	$10,000
National Center for Appropriate Technology Inc
3040 Continental Dr PO Box 3838	Butte	MT	59701	N/A	PC	Toward collaborating with historically underserved landowners to cultivate healthy landscapes	$25,000
National Korean American Service and Education Consortium Inc
4300 North California Ave c/o HANA	Chicago	IL	60618	N/A	PC	Toward the purposes of Woori Juntos	$20,000	Center
National Latina Institute for Reproductive Justice
125 Maiden Lane 9th Floor	New York	NY	10038	N/A	PC	Toward general operations	$50,000
National Wildlife Federation
505 East Huntland Dr Ste 530	Austin	TX	78752	N/A	PC	Toward advancing a sustainable water future for the people and wildlife of Texas	$60,000
National Wildlife Federation
505 East Huntland Dr Ste 530	Austin	TX	78752	N/A	PC	Toward ensuring responsible storm surge protection along the upper Texas coast	$60,000
NEO Philanthropy
2003 W Commerce St	San Antonio	TX	78207	N/A	PC	Toward the purposes of the BRIDGE Infrastructure Fund	$25,000
Nuclear Information & Resource Service
6930 Carroll Ave Ste 340	Takoma Park	MD	20912	N/A	PC	Toward resisting new nuclear energy facilities and waste storage sites in Texas	$90,000
Occidental Arts and Ecology Center
15290 Coleman Valley Rd	Occidental	CA	95465	N/A	PC	Toward the purposes of People Over Plastic	$25,000
Occidential Arts and Ecology Center
15290 Coleman Valley Rd	Occidental	CA	95465	N/A	PC	Toward the purposes of Counterstream Media	$25,000
Our Children's Trust
PO Box 5181	Eugene	OR	97405	N/A	PC	Toward general operations	$50,000
Parks and Wildlife Foundation of Texas Inc
6220 Gaston Ave	Dallas	TX	75214	N/A	PC	Toward developing Palo Pinto Mountains State Park	$250,000
Parks and Wildlife Foundation of Texas Inc
6220 Gaston Ave	Dallas	TX	75214	N/A	PC	Toward two workshops on erosion mitigation structures	$14,000
Parks and Wildlife Foundation of Texas Inc
6220 Gaston Ave	Dallas	TX	75214	N/A	PC	Toward the final presentation of the Art of State Parks exhibition	$3,425
Partners for Education Agriculture and Sustainability
1712 Bissel Lane	Austin	TX	78745	N/A	PC	Toward inclusive environmental education for all abilities	$20,000
Pease Park Conservancy
PO Box 50065	Austin	TX	78763	N/A	PC	Toward inclusive environmental education for all abilities	$7,500
Peregrine Fund Inc
5668 W Flying Hawk Lane	Boise	ID	83709	N/A	PC	Toward recovering the northern Aplomado falcon in Texas	$25,000
Powerhouse Texas
PO Box 2910 Room E1212	Austin	TX	78768	N/A	PC	Toward general operations	$10,000
Powerhouse Texas
PO Box 2910 Room E1212	Austin	TX	78768	N/A	PC	Toward general operations	$50,000
President and Fellows of Harvard College
PO Box 419209	Boston	MA	022419209	N/A	PC	Executive Education for Sustainability Leadership Gift Fund at Harvard Chan School of Public Health	$2,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward resisting new nuclear energy facilities and waste storage sites in Texas	$40,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward accountability for the Texas Commission on Environmental Quality	$175,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward the purposes of Close Parish Coal coalition	$50,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward the purposes of the Healthy Port Communities Coalition	$65,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward climate justice organizing in East Harris County	$50,000
Public Health Watch Inc
52 WHITE MAGNOLIA CIR	AUSTIN	TX	787346250	N/A	PC	Toward general operations	$25,000
Pueblo Organizado En Defensa De La Tierra Y Sus Recursos
4926 E Cesar Chavez St P O Box 6237	Austin	TX	78702	N/A	PC	Toward general operations	$35,000
Rethink35
92 Navasota St	Austin	TX	78702	N/A	NC	Toward legal action against the proposed I-35 expansion	$30,000
Rgisc Inc
1 West End Washington St Bldg P-11	Laredo	TX	78040	N/A	PC	Toward general operations	$50,000
River Pierce Foundation
PO Box 249	San Ygnacio	TX	78067	N/A	PC	Toward a Case study for environmental justice by the indigenous people of San Ygnacio, Texas	$7,500
Rockefeller Family Fund Inc
475 Riverside Dr Ste 900	New York	NY	10115	N/A	PC	Toward efforts to stop the buildout of oil export terminals along the Texas coast	$250,000
Rothko Chapel
1409 Sul Ross	Houston	TX	77006	N/A	PC	Toward an Earth Day convening of youth climate activists	$20,450
Save Barton Creek Association
PO Box 5923	Austin	TX	78763	N/A	PC	Toward general operations	$35,000
Save Our Springs Alliance Inc
4701 West Gate Blvd Ste d-401	Austin	TX	78704	N/A	PC	Toward general operations	$35,000
Sierra Club Foundation
2101 Webster St Ste 1250	Oakland	CA	94612	N/A	PC	Toward the purposes of the Lone Star chapter of the Sierra Club	$75,000
Social Justice Solutions
15231 Western Skies	Houston	TX	77086	N/A	PC	Toward mobilizing support amongst men for reproductive rights in Texas	$15,000
Solar Austin
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward board training	$7,500
Southern Sector Rising
PO Box 411288	Dallas	TX	75241	N/A	PC	Toward general operations	$20,000
SPARK
PO Box 1562	Houston	TX	77251	N/A	PC	Toward general operations	$75,000
St Edwards University
3001 South Congress Ave	Austin	TX	78704	N/A	PC	Toward inclusive environmental education for highly vulnerable students	$15,000
Sunnyside Community Redevelopment Organization
4542 Briscoe St	Houston	TX	77051	N/A	PC	Toward general operations	$25,000
Sustainable Markets Foundation
40 West 37 St Ste 1000	New York	NY	100187311	N/A	PC	Toward the purposes of the Property Rights and Pipeline Center	$50,000
Texas Agricultural Land Trust
1739 FM 489	Oakwood	TX	75855	N/A	PC	Toward the purposes of Ratcliff CBO	$35,000
Texas Appleseed
1609 Shoal Creek Ste 201	Austin	TX	78701	N/A	PC	Toward environmental justice legal services in greater Houston	$35,000
Texas Campaign for the Environment Fund
814 San Jacinto Blvd Ste 410	Austin	TX	78701	N/A	PC	Toward legal action regarding the disposition of state park land	$15,000
Texas Campaign for the Environment Fund
814 San Jacinto Blvd Ste 410	Austin	TX	78701	N/A	PC	Toward facilitation of the Texas Energy Justice, Equity and Democracy Table	$35,000
Texas Campaign for the Environment Fund
814 San Jacinto Blvd Ste 410	Austin	TX	78701	N/A	PC	Toward general operations	$60,000
Texas Freedom Network
PO Box 1624	Austin	TX	78767	N/A	NC	Toward message testing	$35,000
Texas Freedom Network Education Fund
PO Box 1624	Austin	TX	78767	N/A	PC	Toward general operations	$61,000
Texas Health and Environment Alliance Inc
3262 Westheimer Rd 142	Houston	TX	77098	N/A	PC	Toward general operations	$50,000
Texas Impact Education Fund
200 E 30th St	Austin	TX	78705	N/A	PC	Toward general operations	$60,000
Texas Land Conservancy
6626 Silvermine Dr Ste 300	Austin	TX	78736	N/A	PC	Toward general operations	$50,000
Texas Land Trust Council
PO Box 2677	Wimberley	TX	78676	N/A	PC	Toward general operations	$75,000
Texas Litter Control
PO Box 2537	Spring	TX	77383	N/A	PC	Toward expansion of veterinary capacity	$30,000
Texas State University Development Foundation
601 University Dr JCK 960	San Marcos	TX	78666	N/A	PC	Toward the Meadows Center for Water and the Environments Phase II Cypress Creek Flow Study	$16,875
Texas State University Development Foundation
601 University Dr JCK 960	San Marcos	TX	78666	N/A	PC	Toward communicating correlative rights strategies to encourage sustainable groundwater management	$35,000
Texas Tribal Buffalo Project
2463 FM 1296	Waelder	TX	78959	N/A	PC	Toward general operations	$35,000
Texas Tribune Inc
919 Congress Ave Sixth Floor	Austin	TX	78701	N/A	PC	Toward reporting on the environment and reproductive rights	$60,000
Texas Water Foundation Inc
PO Box 13252	Austin	TX	797113252	N/A	PC	Toward supporting the Texas Water Caucus	$35,000
The Afiya Center
4373 S Hampton Rd	Dallas	TX	75232	N/A	PC	Toward general operations	$65,000
The Film Collaborative Inc
3405 Cazador St	Los Angeles	CA	90065	N/A	PC	Toward the Zurawski v. Texas film	$75,000
The Nature Conservancy
200 E Grayson St Ste 202	San Antonio	TX	78215	N/A	PC	Toward a coalition advancing nature-based solutions in Harris County	$50,000
The Raices Collab Project
9205 Lambright Rd	Houston	TX	77075	N/A	PC	Toward leadership training and to seize the opportunity to network with latine leaders	$6,000
The Texas Democracy Foundation
54 Chicon St	Austin	TX	78723	N/A	PC	Toward reporting on the environment and reproductive rights	$25,000
The Texas Democracy Foundation
54 Chicon St	Austin	TX	78723	N/A	PC	Toward reporting on the environment and reproductive rights	$5,000
Third Ward Community Fund Management Corporation
2802 Nagle St	Houston	TX	77004	N/A	PC	Toward the purposes of Friends of Columbia Tap	$7,500
Tides Center
41 Schermerhorn St 1056	Brooklyn	NY	11201	N/A	PC	Toward the purposes of the Lawyering Project	$40,000
Tides Center
1021 Torney Ave	San Francisco	CA	94129	N/A	PC	Toward the purposes of RRRH	$60,000
Travis Audubon Society Inc
PO Box 301629	Austin	TX	78703	N/A	PC	General support and expenses toward a potential organizational name change	$25,000
Travis County Parks Foundation
2407 South Congress Ave Ste E 540	Austin	TX	78704	N/A	PC	Toward general operations	$10,000
TreeFolks Inc
10803 Platt Lane	Austin	TX	78725	N/A	PC	Toward general operations	$20,000
Turtle Island Restoration Network
1028 BRdway Ave	Galveston	TX	77550	N/A	PC	Toward resisting oil and gas infrastructure expansion along the Texas gulf coast	$30,000
University of Houston System
5000 Gulf Freeway Technology Bridge	Houston	TX	77004	N/A	GOV	Toward developing a strategic plan for the University of Houston Coastal Center	$10,000	Building 1
Urban Harvest Inc
3302 Canal St	Houston	TX	77003	N/A	PC	Toward general operations	$25,000
URGE Unite for Reproductive and Gender Equity
1012 14th St NW Ste 305	Washington	DC	20005	N/A	PC	Toward general operations	$1,000
URGE Unite for Reproductive and Gender Equity
1012 14th St NW Ste 305	Washington	DC	20005	N/A	PC	Toward operating support for the organization's work in Texas	$35,000
Vanguard Charitable
PO Box 9509	Warwick	RI	028899509	N/A	PC	Contribution to Donor Advised Fund	$455,000
Verde Valley School
3511 Verde Valley School Rd	Sedona	AZ	86351	N/A	PC	Toward Verde Valleys environmental education initiatives	$50,000
West Street Recovery
20 North Sampson St	Houston	TX	77003	N/A	PC	Toward general operations	$10,000
West Street Recovery
20 North Sampson St	Houston	TX	77003	N/A	PC	Toward organizing for equitable flood mitigation infrastructure	$35,000
Wharton County Stray Pet Outreach Team
PO Box 584	Wharton	TX	77488	N/A	PC	Toward general operations	$10,000
Yaak Valley Forest Council
1426 Seventeen Mile Rd	Troy	MT	59935	N/A	PC	Toward general operations	$10,000
Young Invincibles
1201 Connecticut Ave NW Ste 600	Washington	DC	200362605	N/A	PC	Toward general operations	$51,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$6,844,100	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (66 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ACLU Foundation of Texas
PO Box 8306	Houston	TX	77288	N/A	PC	Toward efforts to restore reproductive rights in Texas	$65,000
Air Alliance Houston
2520 Caroline St	Houston	TX	77004	N/A	PC	Toward the purposes of Texas Streets Coalition	$35,000
Air Alliance Houston
2520 Caroline St Ste 100	Houston	TX	77004	N/A	PC	Toward general operations	$60,000
ARISE Adelante
PO Box 778	Alamo	TX	78516	N/A	PC	Toward equipping residents of South Texas colonias to address environmental concerns	$35,000
Avow Foundation for Abortion Access Inc
1101 West 34th St 679	Austin	TX	78705	N/A	PC	Toward general operations	$65,000
Barrio Dogs Inc
PO BOX 230677	Houston	TX	77223	N/A	PC	Toward general operations	$15,000
Bayou City Waterkeeper
4900 Travis St Ste 209	Houston	TX	77002	N/A	PC	Toward general operations	$80,000
Calhoun County Resource Watch
600 Ramona Road	Seadrift	TX	77983	N/A	PC	Toward general operations	$40,000
Camp for All Foundation
3701 Kirby Dr Ste 570	Houston	TX	77098	N/A	PC	Toward general operations	$10,000
Coalition for Environment Equity and Resilience
540 Heights Blvd Ste 330G	Houston	TX	77007	N/A	PC	Toward building parks advocacy capacity in Houston	$295,000
Coalition of Community Organizations
5901 Market St 15310 3420 Rusk7	Houston	TX	77020	N/A	PC	Toward general operations	$25,000
Collective Action for Youth
410 Sul Ross St	Houston	TX	77006	N/A	PC	Toward environmental education and advocacy training for systems involved youth	$20,000
Commission Shift
212 Flores Ave	Laredo	TX	78040	N/A	PC	Toward general operations	$75,000
Deceleration
239 Southolme	San Antonio	TX	78204	N/A	PC	Toward general operations	$25,000
Environmental Defense Fund Inc
257 Park Ave South 17th Floor	New York	NY	10010	N/A	PC	Toward partnering with frontline leaders to advance clean air policies in Houston	$35,000
Environmental Defense Fund Inc
257 Park Ave South 17th Floor	New York	NY	10010	N/A	PC	Toward advancing sustainable groundwater management in Texas	$50,000
Environmental Integrity Project
888 17th St NW Ste 810	Washington	DC	20006	N/A	PC	Toward operating support for the organization's work in Texas	$65,000
Fair Shot Texas
1106 Lavaca St	Austin	TX	787012169	N/A	PC	Toward general operations	$40,000
Friends of Brazoria Wildlife Refuge
PO Box 505	Lake Jackson	TX	77566	N/A	PC	Toward acquiring Columbia Bottomlands habitat for inclusion in the National Wildlife Refuge system	$100,000
Go Austin Vamos Austin
3710 Cedar St Ste 230	Austin	TX	78705	N/A	PC	Toward general operations	$35,000
Great Springs Project Inc
409 W 14th St	Austin	TX	78701	N/A	PC	Toward general operations	$50,000
Hill Country Conservancy Inc
PO Box 163125	Austin	TX	78716	N/A	PC	Toward general operations	$50,000
Houston Humane Society
14700 Almeda Rd	Houston	TX	77053	N/A	PC	Toward general operating support and wildlife center facility improvements	$20,000
Houston Wilderness Inc
1334 Brittmoore Road Ste 2804	Houston	TX	77043	N/A	PC	Toward promoting the use of native grass seed mix for southeast Texas	$10,000
Inside Climate News
26 Court St Ste 1617	Brooklyn	NY	11242	N/A	PC	Toward reporting on the issue of produced water in Texas	$75,000
Inside Climate News
26 Court St Ste 1617	Brooklyn	NY	11242	N/A	PC	Toward reporting on the issue of produced water in Texas	$75,000
Jolt Initiative
PO Box 4185	Austin	TX	78765	N/A	PC	Toward general operations	$70,000
Land Trust Alliance Inc
1250 H St NW Ste 600	Washington	DC	20005	N/A	PC	Toward building capacity among Texas land trusts	$60,000
LINK Houston
401 Franklin St Ste 2400 174	Houston	TX	77002	N/A	PC	Toward general operations	$75,000
Lone Star Legal Aid
1415 Fannin St	Houston	TX	77002	N/A	PC	Toward environmental justice legal services along the upper Texas coast	$75,000
Lone Star Legal Aid
1415 Fannin St	Houston	TX	77002	N/A	PC	Toward environmental justice legal services along the upper Texas coast	$75,000
National Center for Appropriate Technology Inc
PO Box 3838	Butte	MT	59701	N/A	PC	Toward collaborating with historically underserved landowners to cultivate healthy landscapes	$25,000
National Latina Institute for Reproductive Justice
125 Maiden Lane 9th Floor	New York	NY	10038	N/A	PC	Toward general operations	$50,000
National Wildlife Federation
505 East Huntland Dr Ste 530	Austin	TX	78752	N/A	PC	Toward advancing a sustainable water future for the people and wildlife of Texas	$60,000
National Wildlife Federation
505 East Huntland Dr Ste 530	Austin	TX	78752	N/A	PC	Toward ensuring responsible storm surge protection along the upper Texas coast	$60,000
New Philanthropists
PO Box 302528	Austin	TX	78703	N/A	PC	Toward board training among Texas land trusts	$75,000
Nuclear Information & Resource Service
6930 Carroll Ave Ste 340	Takoma Park	MD	20912	N/A	PC	Toward resisting new nuclear energy facilities and waste storage sites in Texas	$90,000
Occidential Arts and Ecology Center
15290 Coleman Valley Road	Occidental	CA	95465	N/A	PC	Toward the purposes of Counterstream Media	$25,000
Our Children's Trust
PO Box 5181	Eugene	OR	97405	N/A	PC	Toward general operations	$50,000
Partners for Education Agriculture and Sustainability
1712 Bissel Lane	Austin	TX	78745	N/A	PC	Toward inclusive environmental education for all abilities	$20,000
Pease Park Conservancy
PO Box 50065	Austin	TX	78763	N/A	PC	Toward inclusive environmental education for all abilities	$7,500
Peregrine Fund Inc
5668 W Flying Hawk Lane	Boise	ID	83709	N/A	PC	Toward recovering the northern Aplomado falcon in Texas	$25,000
Planned Parenthood Texas Votes
PO Box 41646	Austin	TX	78704	N/A	NC	Toward mobilizing support for reproductive rights in Texas	$65,000
Powerhouse Texas
PO Box 2910 Room E1212	Austin	TX	78768	N/A	PC	Toward general operations	$50,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward resisting new nuclear energy facilities and waste storage sites in Texas	$40,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward accountability for the Texas Commission on Environmental Quality	$180,000
Public Citizen Foundation Inc
309 E 11th St Ste 2	Austin	TX	78701	N/A	PC	Toward the purposes of the Healthy Port Communities Coalition	$65,000
Public Health Watch Inc
52 White Magnolia Cir	Austin	TX	787346250	N/A	PC	Toward general operations	$25,000
Pueblo Organizado En Defensa De La Tierra Y Sus Recursos
PO Box 6237	Austin	TX	78702	N/A	PC	Toward general operations	$35,000
Rgisc Inc
1 West End Washington St Bldg P-11	Laredo	TX	78040	N/A	PC	Toward general operations	$50,000
Save Our Springs Alliance Inc
4701 West Gate Blvd Ste d-401	Austin	TX	78704	N/A	PC	Toward general operations	$35,000
Texas Agricultural Land Trust
1739 FM 489	Oakwood	TX	75855	N/A	PC	Toward the purposes of Ratcliff CBO	$35,000
Texas Campaign for the Environment Fund
814 San Jacinto Blvd Ste 410	Austin	TX	78701	N/A	PC	Toward legal action regarding the disposition of state park land	$15,000
Texas Campaign for the Environment Fund
814 San Jacinto Blvd Ste 410	Austin	TX	78701	N/A	PC	Toward general operations	$60,000
Texas Freedom Network Education Fund
PO Box 1624	Austin	TX	78767	N/A	PC	Toward general operations	$60,000
Texas Health and Environment Alliance Inc
3262 Westheimer Rd 142	Houston	TX	77098	N/A	PC	Toward general operations	$50,000
Texas Impact Education Fund
200 E 30th St	Austin	TX	78705	N/A	PC	Toward general operations	$60,000
Texas Land Conservancy
6626 Silvermine Dr Ste 300	Austin	TX	78736	N/A	PC	Toward general operations	$50,000
Texas Land Trust Council
PO Box 2677	Wimberley	TX	78676	N/A	PC	Toward general operations	$75,000
Texas Tribal Buffalo Project
2463 FM 1296	Waelder	TX	78959	N/A	PC	Toward general operations	$35,000
Texas Water Foundation Inc
PO Box 13252	Austin	TX	797113252	N/A	PC	Toward supporting the Texas Water Caucus	$35,000
The Afiya Center
4373 S Hampton Rd	Dallas	TX	75232	N/A	PC	Toward general operations	$65,000
Tides Center
1021 Torney Ave	San Francisco	CA	94129	N/A	PC	Toward the purposes of RRRH	$60,000
TreeFolks Inc
10803 Platt Lane	Austin	TX	78725	N/A	PC	Toward general operations	$20,000
Turtle Island Restoration Network
1028 Broadway Ave	Galveston	TX	77550	N/A	PC	Toward resisting oil and gas infrastructure expansion along the Texas gulf coast	$30,000
West Street Recovery
20 North Sampson St	Houston	TX	77003	N/A	PC	Toward general operations	$35,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$3,522,500	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,283,323	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$5,539,748	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Passthrough K-1 income	Desc
Business	525990	BusinessCd
Unrelated Business Taxbl Incm	-$178,137	UnrelatedBusinessTaxblIncmAmt
Exclusion	14	ExclusionCd
Exclusion	$578,532	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	-$178,137	UnrelatedBusinessTaxblIncmAmt
Exclusion	$8,401,603	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$8,223,466	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Estate of Terese T Hershey	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 66009	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77266	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$400,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Accounting & tax compliance	CategoryTxt
Amt	$31,550	Amt
Net Investment Income	$15,275	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$15,775	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (13 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt
Furniture and Fixtures	2018-10-31	$6,075	$4,557	SL	7.000000000000	$868	$0
Furniture and Fixtures	2021-11-30	$5,265	$1,567	SL	7.000000000000	$752	$0
Machinery equipment	2021-06-02	$2,176	$563	SL	10.000000000000	$217	$0
Machinery equipment	2021-06-02	$557	$144	SL	10.000000000000	$56	$0
Machinery equipment	2021-06-07	$5,718	$4,923	SL	3.000000000000	$794	$0
Machinery equipment	2021-10-01	$2,298	$1,722	SL	3.000000000000	$574	$0
Machinery equipment	2022-10-24	$1,614	$673	SL	3.000000000000	$538	$0
Signage	2021-09-24	$2,500	$563	SL	10.000000000000	$250	$0
Dell video conferencing equipment	2023-01-06	$2,699	$900	SL	3.000000000000	$900	$0
Owl speaker-conference table	2023-01-09	$1,347	$449	SL	3.000000000000	$449	$0
Dell laptop & dock (AC)	2023-04-11	$1,970	$657	SL	3.000000000000	$657	$0
Dell laptop	2024-02-14	$1,568		SL	3.000000000000	$519	$0
Dell laptop	2024-12-04	$1,345		SL	3.000000000000	$448	$0

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	GrantGrantDt	GrantGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Expended By GranteeExpendedByGranteeAmt	Any Diversion By GranteeAnyDiversionByGranteeTxt	Dates Of Reports By GranteeDatesOfReportsByGranteeTxt	Results Of VerificationResultsOfVerificationTxt
Planned Parenthood Texas Votes
PO Box 41646	Austin	TX	78704	2022-12-15	$100,000	Toward mobilizing support for reproductive rights in Texas.	$100,000	No	2/1/24	The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification was made.
Avow Inc
1101 W 34th St 679	Austin	TX	78705	2023-11-17	$50,000	Toward research to inform messaging regarding reproductive rights in Texas.	$50,000	No	3/21/24	The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification was made.
Save RGV
613 West Saint Charles St	Brownsville	TX	78520	2023-05-04	$15,000	Toward defending the Texas Open Beaches Act	$15,000	No	2/29/24, 1/30/25	The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification was made.
Rethink35
92 Navasota St	Austin	TX	78702	2024-05-03	$30,000	Toward legal action against the proposed I-35 expansion	$27,595	No	2/27/25	The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification was made.
Texas Freedom Network
PO Box 1624	Austin	TX	78767	2024-08-23	$35,000	Toward message testing	$13,126	No	3/31/25	The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification was made.

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (26 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
TCW Metwest Unconstr Bond Fund I	$3,492,266	$3,142,380
Kreditanstalt Fur Wiederafbau Note 01/31/25	$105,405	$109,720
Carrier Global Corporation Ser B 02/15/25	$279,100	$288,840
International Bk For Recon&Dev Note 04/22/25	$799,744	$791,006
Asian Development Bank Adb 05/06/25	$158,693	$161,160
European Invt Bk Note 08/15/25	$260,356	$267,190
At&T Inc Note Call Make Whole 03/01/29	$176,980	$185,885
Air Lease Corp Mtn Call Make Whole 03/01/29	$281,603	$285,599
European Invt Bk Note 03/15/29	$503,822	$493,519
US Bancorp Ser Cc Mtn 06/12/29	$270,865	$276,099
Oracle Corp Note Call Make Whole 11/09/29	$279,475	$277,953
Equinix Inc Note Call Make Whole 11/18/29	$302,632	$284,992
Amphenol Corp Note Call Make Whole 02/15/30	$311,588	$284,895
Stryker Corp Note Call 06/15/30	$154,379	$153,897
Crown Castle Inc Note Call Make Whole 07/01/30	$218,719	$190,804
Regeneron Pharmaceuticals Note 09/15/30	$187,711	$191,422
Roper Technologies Inc Note 02/15/31	$138,210	$143,743
Revvity Inc Note Call Make Whole 09/15/31	$327,130	$288,390
Broadcom Inc Note Call Make Whole 02/15/32	$194,894	$188,571
Sprint Cap Corp Mtn Be Note 03/15/32	$271,202	$274,597
Inter-American Dev Bk Note 04/12/33	$577,752	$548,442
Asian Development Bank Adb 06/14/33	$602,613	$584,007
International Bk For Recon&Dev Bond 11/14/33	$208,820	$200,827
Waste Connections Inc Note 03/01/34	$276,738	$272,756
Keysight Technologies Inc 10/15/34	$199,715	$192,374
Pnc Finl Svcs Group Inc Note 10/20/34	$285,946	$283,806

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (173 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Artisan Intl Value Fund Instl	$4,278,030	$4,508,135
Brown Advisory Sustn Intl Leaders Instl	$2,040,393	$2,144,812
Brown Advisory Global Leaders Instl	$6,657,773	$10,048,880
Beutel Goodman Large Cap Value Cl I	$9,289,833	$10,339,195
Brown Advisory Emrg Mrkts Select Instl	$3,534,669	$4,507,275
Cohen & Steers Real Estate Securities I	$2,310,379	$2,189,278
DFA US Sustain Core 1 Portfolio I	$2,646,887	$4,099,921
DFA Emerging Markets Sustain Core 1 Instl	$2,342,083	$2,652,096
JP Morgan Hedged Equity Class I	$5,657,596	$7,349,362
Lazard Global Listed Infrastructe	$2,831,293	$2,846,462
Vanguard Dividend Growth Investor Instl	$3,084,618	$3,212,046
Agilent Technologies Inc Com Usd0.01	$145,531	$148,311
Airbnb Inc Com Cl A(Abnb)	$311,255	$264,397
Alphabet Inc Cap Stk Cl A(Googl)	$176,248	$442,583
Amazon.Com Inc (Amzn)	$515,672	$890,285
Ares Management Corporation Cl A	$235,604	$282,186
Cadence Design Systems Inc Com	$192,688	$304,066
Carrier Global Corporation Com	$103,214	$101,912
Chipotle Mexican Grill Inc(Cmg)	$126,105	$221,000
Danaher Corporation Com (Dhr)	$237,387	$303,924
Datadog Inc Cl A Com(Ddog)	$148,462	$166,324
Dynatrace Inc Com New(Dt)	$212,273	$254,956
Arthur J. Gallagher & Co.	$297,538	$343,175
Intuitive Surgical Inc(Isrg)	$165,609	$181,120
Intuit Inc (Intu)	$284,637	$481,431
Kla Corp Com New (Klac)	$226,778	$211,720
Msci Inc (Msci)	$162,688	$214,803
Marvell Technology Inc Com (Mrvl)	$226,499	$491,723
Microsoft Corp (Msft)	$440,536	$754,063
Monolithic Power Systems Inc (Mpwr)	$164,922	$244,372
Nvidia Corporation Com(Nvda)	$152,208	$912,635
Progressive Corp Com (Pgr)	$342,626	$397,273
Servicenow Inc Com Usd0.001(Now)	$221,544	$488,715
The Trade Desk Inc Com Cl A(Ttd)	$81,260	$73,691
Thermo Fisher Scientific Inc(Tmo)	$160,532	$199,768
Uber Technologies Inc Com(Uber)	$227,831	$267,519
Veralto Corp Com Shs (Vlto)	$165,264	$213,070
Verisk Analytics Inc Com (Vrsk)	$158,110	$219,793
Visa Inc (V)	$271,530	$471,216
West Pharmaceutical Services Inc	$240,364	$289,235
Workday Inc Com Usd0.001 Cl A(Wday)	$255,958	$250,547
Align Technology Inc Com Usd0.0001	$330,785	$298,378
Alphabet Inc Cap Stk Cl C(Goog)	$198,137	$345,649
Amazon.Com Inc (Amzn)	$365,643	$758,212
Apple Inc (Aapl)	$150,292	$255,178
Costar Group Inc (Csgp)	$755,926	$677,814
Intuitive Surgical Inc(Isrg)	$147,361	$326,225
Intuit Inc (Intu)	$325,712	$496,515
JP Morgan Chase &Co. Com(Jpm)	$245,302	$460,003
Mastercard Incorporated Cl A(Ma)	$204,128	$274,343
Microsoft Corp (Msft)	$598,780	$1,259,021
Nvidia Corporation Com(Nvda)	$329,132	$862,813
Progressive Corp Com (Pgr)	$224,759	$391,044
Rentokil Initial Spon Ads Each Rep 5	$719,584	$663,055
Sherwin-Williams Co (Shw)	$217,890	$321,574
Starbucks Corp Com Usd0.001(Sbux)	$288,140	$295,741
Taiwan Semiconductor Manufacturing Spon	$290,572	$605,307
Uber Technologies Inc Com(Uber)	$865,431	$885,799
West Pharmaceutical Services Inc	$450,210	$457,274
Zoetis Inc (Zts)	$798,196	$810,251
Biohaven Ltd Com Npv(Bhvn)	$38,708	$36,752
Establishment Labs Hldgs Inc Com	$80,216	$120,611
Azek Co Inc Cl A(Azek)	$12,989	$17,327
Bio-Techne Corp Com(Tech)	$98,921	$103,291
Blackline Inc Com (Bl)	$52,511	$50,005
Blueprint Medicines Corp Com(Bpmc)	$43,999	$48,233
Bright Horizons Family Solutions Inc	$190,662	$217,820
Bruker Corp (Brkr)	$116,460	$126,209
CCc Intelligent Solutions Hld Com	$163,615	$175,152
Casella Waste Systems Inc (Cwst)	$90,689	$124,115
Clear Secure Inc Com Cl A(You)	$36,478	$48,085
Cogent Communications Holdings Inc	$105,448	$131,173
Cytokinetics Inc (Cytk)	$78,753	$54,660
Dynatrace Inc Com New(Dt)	$149,552	$188,268
Encompass Health Corp Com(Ehc)	$84,831	$137,047
Enpro Inc Com (Npo)	$62,443	$73,636
Entegris Inc (Entg)	$83,663	$102,032
FTI Consulting Inc (Fcn)	$42,585	$65,749
First Watch Restaurant Group I	$20,164	$18,815
H.B. Fuller Company(Ful)	$98,419	$98,251
Guidewire Software Inc Com Usd0.0001	$39,464	$74,175
Healthequity Inc Com (Hqy)	$140,697	$203,222
Houlihan Lokey Inc Cl A(Hli)	$22,194	$38,032
Idex Corp Com Usd0.01(Iex)	$55,542	$60,276
Inari Med Inc Com (Nari)	$103,653	$90,154
Infinera Corp Com(Infn)	$93,043	$82,408
Insmed Inc (Insm)	$49,155	$47,776
Openlane Inc Com(Kar)	$44,323	$43,509
Kadant Inc (Kai)	$45,652	$56,233
Kindercare Learning Companies Com	$87,377	$62,798
Lattice Semiconductor Corp(Lscc)	$53,314	$56,480
Lifestance Health Group Inc Com	$42,333	$44,154
Littelfuse Inc (Lfus)	$70,940	$82,006
MSA Safety Inc (Msa)	$59,113	$79,404
Mirion Technologies Inc Com Cl A(Mir)	$53,377	$66,485
Mister Car Wash Inc Com (Mcw)	$128,070	$98,262
Mueller Water Products Inc(Mwa)	$33,835	$55,058
Neogenomics Inc (Neo)	$100,743	$105,225
Neurocrine Biosciences Inc (Nbix)	$108,704	$132,678
Orthopediatrics Corp Com(Kids)	$59,032	$30,922
Phreesia Inc Com (Phr)	$130,065	$139,386
Power Integrations Inc	$68,597	$51,890
Pros Holdings Inc(Pro)	$94,500	$57,733
Prosperity Bancshares Inc(Pb)	$165,004	$185,135
Rentokil Initial Spon Ads Each Rep 5	$137,325	$96,089
SPX Technologies Inc Com(Spxc)	$29,254	$48,895
Si-Bone Inc Com (Sibn)	$80,596	$48,902
Simpson Mfg Inc Com (Ssd)	$34,455	$30,679
Siteone Landscape Supply Inc Com	$65,561	$62,591
Sitime Corp Com (Sitm)	$53,518	$114,344
Take-Two Interactive Software Inc	$83,829	$107,503
Tandem Diabetes Care Inc Com New	$34,337	$36,848
Topbuild Corp Com(Bld)	$11,102	$19,614
Valmont Industries Inc(Vmi)	$131,436	$168,055
Vaxcyte Inc Com (Pcvx)	$47,468	$47,070
Waste Connections Inc(Wcn)	$154,614	$254,796
Wex Inc (Wex)	$55,184	$57,505
Workiva Inc Com Cl A(Wk)	$23,120	$39,530
Zurn Elkay Water Solutions	$69,567	$77,398
Digitalbridge Group Inc Cl A New	$69,117	$43,507
Eastgroup Pptys Inc Com(Egp)	$60,827	$75,751
Assured Guaranty Ltd Com Usd0.01	$144,231	$205,313
Nomad Foods Limited Ord Npv (Di)	$257,683	$239,803
Signet Jewelers Limited Shs (Sig)	$213,803	$215,173
White Mtns Ins Group Ltd Com(Wtm)	$140,343	$163,385
Avanos Med Inc Com (Avns)	$165,532	$136,371
Bancorp Inc(Tbbk)	$190,120	$315,991
Bel Fuse Inc (Belfa)	$48,146	$67,020
Bel Fuse Inc (Belfb)	$50,249	$50,637
CTS Corp (Cts)	$91,135	$111,208
Cable One Inc Com(Cabo)	$231,242	$123,845
Crane Nxt Co Com (Cxt)	$104,082	$127,094
Curbline Pptys Corp Com(Curb)	$88,495	$90,721
Dime Cmnty Bancshares Inc Com	$124,775	$126,075
Eastern Bankshares Inc Com(Ebc)	$220,385	$225,941
Enpro Inc Com (Npo)	$153,189	$202,456
First Intst Bancsystem Inc Com (Fibk)	$130,432	$136,569
Guardian Pharmacy Svcs Inc Cl A	$134,609	$119,412
Hanover Insurance Group Inc (Thg)	$135,479	$184,509
Horace Mann Educators Corp (Hmn)	$133,081	$151,938
Iac Inc Com New (Iac)	$173,421	$143,397
Kadant Inc (Kai)	$66,913	$141,446
Kindercare Learning Companies Com	$18,474	$18,281
La-Z-Boy Inc (Lzb)	$88,762	$126,135
Mgic Investment Corp Com Usd1.00	$92,795	$150,630
Modine Manufacturing Co(Mod)	$88,565	$266,059
Monro Inc Com (Mnro)	$88,576	$75,392
Mueller Water Products Inc(Mwa)	$67,377	$113,400
Ncr Voyix Corporation Com(Vyx)	$238,019	$235,183
Ncr Atleos Corporation Com Shs	$206,623	$328,617
Nexstar Media Group Inc Common	$100,488	$89,727
OSI Systems Inc (Osis)	$183,641	$179,318
Old National Bancorp (Onb)	$181,071	$224,017
PC Connection Inc Com(Cnxn)	$27,063	$39,900
Pacific Premier Bancorp Inc (Ppbi)	$170,916	$154,977
Patterson Cos Inc Com (Pdco)	$85,936	$97,703
Peapack-Gladstone Financial Corp	$49,786	$67,433
Peoples Bancorp Inc (Pebo)	$97,509	$107,271
Seacoast Banking Corporation Of Florida	$106,829	$109,597
Shutterstock Inc Com Usd0.01(Sstk)	$179,186	$114,359
Talen Energy Corp Com (Tln)	$204,366	$428,930
Tennant Co (Tnc)	$227,727	$177,083
Thermon Group Holdings Inc (Thr)	$95,840	$121,467
Virtus Invt Partners Inc Com(Vrts)	$55,954	$78,306
WSFS Financial Corp(Wsfs)	$151,889	$160,718
Wiley John &Sons Inc Com Usd1.00 Class A	$194,285	$172,436
Yeti Hldgs Inc Com (Yeti)	$146,591	$151,460
Essential Pptys Rlty Tr Inc Com	$96,324	$158,996
Getty Realty Corp (Gty)	$75,847	$79,453
Global Net Lease Inc Com New(Gnl)	$85,827	$75,190
Global Med Reit Inc Com New(Gmre)	$73,697	$44,112
Ladder Cap Corp Cl A(Ladr)	$136,922	$141,542
Site Ctrs Corp Com (Sitc)	$92,321	$25,060

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$13,692,044	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$12,535,874	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$1,007,019	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$910,631	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Rose Affordable Housing Preservation Fund V REIT LP	AT COST	$1,474,148	$1,111,582
Civicap Partners Develop-to-Core Fund I, LP	AT COST	$949,228	$1,664,913
Brown Advisory DEF LLP	AT COST	$1,700,237	$2,115,722
Brown Advisory Private Equity Partners	AT COST	$1,140,760	$1,406,557
Brown Advisory Private Income Partners	AT COST	$2,018,245	$2,066,402
Brown Advisory RE Partners III	AT COST	$1,361,613	$1,595,257
PMF Fund Cypress Creek Partners	AT COST	$67,257	$11,838
StepStone Tactical Growth Fund IV, L.P.	AT COST	$882,152	$814,582

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt
Furniture & Fixtures	$15,187	$9,455	$5,732
Machinery & Other Equipment	$19,945	$14,285	$5,660

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	General counsel and governance	CategoryTxt
Legal Fees	$5,673	LegalFeesAmt
Net Investment Income	$2,837	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$2,836	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Furniture & decor	$3,781	$2,047	$2,047
Jewelry & collectibles	$3,335	$3,345	$3,345

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	Prior period adjustment for investment written off	Desc
Amt	$1,338	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Connectivity & I.T. services	$17,831	$1,136	$16,695
Insurance	$4,564	$291	$4,273
Memberships & funder collaboratives	$112,553	$0	$112,553
Office expenses	$4,436	$283	$4,153
K-1 expenses	$530,739	$530,594	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Passthrough K-1 income	Desc
Revenue And Expenses Per Books	$400,395	RevenueAndExpensesPerBooksAmt
Net Investment Income	$578,532	NetInvestmentIncomeAmt
Adjusted Net Income	$400,395	AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Investment management fees	$219,247	$219,247	$0
Communications / website	$5,378	$0	$5,378
Philanthropic consulting	$38,000	$0	$38,000

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Federal excise tax	$72,000	$0	$0
Foreign tax	$2,696	$2,696	$0