Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Heritage Foundation
Address:	214 Massachusetts Avenue NE
	Washington, DC 20002
Phone:	202-546-4400
Web Address:	www.heritage.org

Heritage Foundation (HF) meets the 20 Standards for Charity Accountability.

HF reports that each year it conducts research and publishes approximately 250 papers and 12-15 books on public policy issues. This research is available to the public free of charge through HF's website and the organization also provides monthly reports and policy updates to more than 300,000 donors. Typical consumers include federal, state and local government, members of Congress and their staff, HF member donors, academics and members of the press in all 50 states. The organization also collaborates and conducts meetings with more than 400 other policy organizations and more than 2,000 individual scholars around the world. In addition, more than 1,000 journalists and media representatives regularly receive Heritage publications. Some ($13,759,665 or 66%) of HR's educational programs are conducted in conjunction with fund raising appeals.

For the year ended December 31, 2010, HF's program expenses were:

Research	28,116,527
Educational programs	20,927,227
Media and government relations	11,938,882
Total Program Expenses:	$60,982,636

Chief Executive : Edwin J. Feulner, Jr., President

Compensation*:

$1,092,083

Chair of the Board: Thomas A. Saunders, III
Chair's Profession / Business Affiliation: Retired investment banker

Board Size: 22

Paid Staff Size: 264

*2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

Direct mail, telemarketing, radio, grant proposals, Internet appeals, and planned giving.

Fund raising costs were 22% of related contributions. (Related contributions, which totaled $73,334,321, are donations received as a result of fund raising activities.)

HF incurred joint costs of $17,048,620 for informational materials and activities that included fund raising materials. Of those costs $13,759,665 was allocated to program expenses and $3,288,955 was allocated to fund raising expenses.

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on HF's audited financial statements for the year ended December 31, 2010.

Source of Funds
Public support - contributions	73,334,321
Investment income	14,433,323
Rental and other income	2,160,162
Publications, subscriptions, and registration fees	474,068
Total Income	$90,401,874

Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 20%  Administrative: 4%

Total income				$90,401,874
	Program expenses			$60,982,636
	Fund raising expenses			16,436,836
	Administrative expenses			2,958,778
Total expenses				$80,378,250
Income in Excess of Expenses				10,023,624
Beginning net assets				156,194,570
Other Changes in Net Assets				(1,398,516)
Ending net assets				164,819,678
Total liabilities				31,347,893
Total assets				$196,167,571

Note 1: For 2010, HR reports in-kind income of $346,833 for IT equipment ($332,532), catering ($10,051), engraving ($2,200), and decorations ($2,050).

Note 2: In the above financial section, "other changes in net assets" represents -$1,398,516 for the change in value or split-interest agreements, pledges, and irrevocable trusts.