Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE FB HERON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 9438
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW HAVEN, CT06534
A Employer identification number

13-3647019
B Telephone number (see instructions)

(475) 250-1020
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$326,924,230J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 7,011,752 7,011,752  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,379,053
b Gross sales price for all assets on line 6a 89,111,535
7 Capital gain net income (from Part IV, line 2)... 3,879,053
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 8,390,805 10,890,805  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 628,272 88,169   589,398
14 Other employee salaries and wages...... 1,235,459 95,987   1,145,566
15 Pension plans, employee benefits....... 637,567 86,184   551,741
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
175,559 72,324   113,457
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
117,925 9,124   35,600
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,560,919 1,934,549   690,464
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
120,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 76,515 6,086   80,718
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
315,294 168,928   143,962
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,867,510 2,461,351   3,350,906
25 Contributions, gifts, grants paid....... 19,049,286 19,480,286
26 Total expenses and disbursements. Add lines 24 and 25 24,916,796 2,461,351   22,831,192
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -16,525,991
b Net investment income (if negative, enter -0-) 8,429,454
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,703,317 4,183,195 4,183,195
2 Savings and temporary cash investments......... 8,530,323 7,050,846 7,050,846
3 Accounts receivable right arrow872,202
Less: allowance for doubtful accounts right arrow   802,887 872,202 872,202
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 540,898 174,006 174,006
10a Investments—U.S. and state government obligations (attach schedule) 87,647,424 Click to see attachment
List of Attached Documents:
// Content
61,606,199 		61,606,199
b Investments—corporate stock (attach schedule)....... 171,397,746 Click to see attachment
List of Attached Documents:
// Content
195,604,037 		195,604,037
c Investments—corporate bonds (attach schedule)....... 5,811,230 Click to see attachment
List of Attached Documents:
// Content
2,339,056 		2,339,056
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 18,028,923 Click to see attachment
List of Attached Documents:
// Content
42,115,334 		42,115,334
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
16,450,858 		Click to see attachment
List of Attached Documents:
// Content
12,979,355 		Click to see attachment
List of Attached Documents:
// Content
12,979,355
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 311,913,606 326,924,230 326,924,230
Liabilities 17 Accounts payable and accrued expenses.......... 765,045 582,350
18 Grants payable................. 566,000 135,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
228,709 		Click to see attachment
List of Attached Documents:
// Content
690,249
23 Total liabilities (add lines 17 through 22)......... 1,559,754 1,407,599
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 310,353,852 325,516,631
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 310,353,852 325,516,631
30 Total liabilities and net assets/fund balances (see instructions). 311,913,606 326,924,230
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
310,353,852
2
Enter amount from Part I, line 27a .....................
2
-16,525,991
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
31,688,770
4
Add lines 1, 2, and 3 ..........................
4
325,516,631
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
325,516,631
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Community Investing Index P    
b BCAM USCII P    
c Bay Area Equity P    
d California Smart Growth P    
e DBL III P    
Huntington II P    
Huntington III P    
Huntington IV P    
SJF III P    
SJF IV P    
Urban Innovation II P    
Yucaipa II P    
TILT Equity P    
Publicly Traded Securities P    
Other P    
Coop Metrics P    
Yucaipa I P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,304,430     2,304,430
b 3     3
c     311,083 -311,083
d 243     243
e 114,985     114,985
    30,050 -30,050
428,485     428,485
    314,080 -314,080
    38,062 -38,062
    425,371 -425,371
    10,727 -10,727
352     352
25,000     25,000
86,233,695   84,103,109 2,130,586
297     297
      0
4,045     4,045
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,304,430
b       3
c       -311,083
d       243
e       114,985
      -30,050
      428,485
      -314,080
      -38,062
      -425,371
      -10,727
      352
      25,000
      2,130,586
      297
      0
      4,045
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,879,053
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 117,169
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 117,169
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 117,169
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 176,052
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 176,052
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 58,883
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow58,883 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY, CT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.HERON.ORG
14
The books are in care ofright arrowThe Foundation Telephone no.right arrow (475) 250-1020

Located atright arrowPO BOX 9438NEW HAVENCT ZIP+4right arrow06534
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
Yes
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PAUL COSTELLO DIRECTOR
3.00 		0 0 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
NHADINE LEUNG VICE PRESIDENT/TREASURER
40.00 		153,254 15,568 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
BUZZ SCHMIDT CHAIRMAN
4.00 		0 0 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
JIM KING DIRECTOR
3.00 		0 0 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
FELECIA LUCKY DIRECTOR
3.00 		0 0 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
DAN MC KAY DIRECTOR
3.00 		0 0 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
GREG WATSON DIRECTOR
3.00 		0 0 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
MARY JO MULLAN PRESIDENT
40.00 		102,414 0 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
ENRIQUE VIRGIL TREASUER
40.00 		176,775 39,903 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
KELLY DONNELLY MANAGING DIRECTOR - SECRETARY
40.00 		195,828 42,450 0
C/O FB HERON FOUNDATION
NEW HAVEN,CT06534
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
DONNA DANIELS VP - INTEGRATED CAPI
40.00 		251,685 67,157 0
C/O FOUNDATION
NEW HAVEN,CT06534
BARBARA VANSCOY FIXED INCOME FELLOW
40.00 		229,040 74,980 0
C/O FOUNDATION
NEW HAVEN,CT06534
KELLY RYAN FELLOW
40.00 		218,484 58,016 0
C/O FOUNDATION
NEW HAVEN,CT06534
SHELLY CURNOW DIRECTOR OF SYSTEMS
40.00 		152,939 64,924 0
C/O FOUNDATION
NEW HAVEN,CT06534
KRISHNA OMOLADE DIRECTOR, COMMUNITY
40.00 		149,940 33,710 0
C/O FOUNDATION
NEW HAVEN,CT06534
Total number of other employees paid over $50,000...................right arrow 4
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
TILT INVESTMENT MANAGEMENT INVESTMENT CONSULTING 854,709
2212 QUEEN ANNE AVE N
SEATTLE,WA98109
BAILARD INC INVESTMENT ADVICE 266,524
950 TOWER LANE
FOSTER CITY,CA944042131
MILBANK TWEED LEGAL 191,093
200 STATE ST
BOSTON,MA02109
INTERSECT PUBLIC SOLUTIONS CONSULTING 142,584
44 CAPITOL AVENUE
HARTFORD,CT06106
KBD CONSULTING CONSULTING 124,200
3666 BELLEVIEW AVE
KANSAS CITY,MO64111
Total number of others receiving over $50,000 for professional services.............right arrow5
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 PROVIDING ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS THROUGH BOARD SERVICE, CONVENING CONFERENCES AND MEETINGS AND PROVIDING DIRECT TECHNICAL ASSISTANCE 100,000
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NEW HAVEN BANK PRI DEPOSIT 1,500,000
2 NEW HAVEN BANK PRI DEPOSIT 1,500,000
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
1,046,497
Total. Add lines 1 through 3.........................right arrow4,046,497
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
303,007,950
b
Average of monthly cash balances.......................
1b
3,982,097
c
Fair market value of all other assets (see instructions)................
1c
1,210,996
d
Total (add lines 1a, b, and c).........................
1d
308,201,043
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
308,201,043
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,623,016
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
303,578,027
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
15,178,901
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
15,178,901
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
117,169
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
117,169
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
15,061,732
4
Recoveries of amounts treated as qualifying distributions................
4
4,000,000
5
Add lines 3 and 4............................
5
19,061,732
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
19,061,732
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
22,831,192
b
Program-related investments—total from Part VIII-B..................
1b
4,046,497
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
26,877,689
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 19,061,732
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 660,363
f Total of lines 3a through e ........ 660,363
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 26,877,689
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 19,061,732
e Remaining amount distributed out of corpus 7,815,957
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 8,476,320
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		8,476,320
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 660,363
e Excess from 2023.... 7,815,957
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THE FB HERON FOUNDATION
PO BOX 9438
NEW HAVEN,CT06776
(475) 250-1020
bThe form in which applications should be submitted and information and materials they should include:
PLEASE REFER TO THE WEBSITE - WWW.HERON.ORG
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PER GUIDELINES
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

19th News

3571 Far West Blvd 3497
Austin,TX78731 		  501(c)(3) Public Cha General Support 500

Ahmeek Village Volunteer Fire & Rescue Department

PO Box 307
Ahmeek,MI49901 		  501(c)(3) Public Cha General Support 100

Anai Inc

1120 Meadows Rd
Franklin,NC28734 		  501(c)(3) Public Cha General Support 5,000

Association For Glycogen Storage Diseaes

1542 Flammang Dr PMB 1004
Waterloo,IA50702 		  501(c)(3) Public Cha General Support 200

Association for Promotion of Jewish Secularism

PO Box 130049
Brooklyn,NY11213 		  501(c)(3) Public Cha General Support 250

Black Belt Community Foundation Inc

PO Box 2020
Selma,AL36702 		  501(c)(3) Public Cha General Support 1,030

Black Belt Community Foundation Inc

PO Box 2020
Selma,AL36702 		  501(c)(3) Public Cha General Support 106

Black Belt Community Foundation Inc

PO Box 2020
Selma,AL36702 		  501(c)(3) Public Cha Project-Based 2,000,000

Black Belt Community Foundation Inc

PO Box 2020
Selma,AL36702 		  501(c)(3) Public Cha General Support 15,000,000

Black Farmer Fund Inc

228 Park Avenue South 38732
New York,NY10003 		  501(c)(3) Public Cha General Support 500

Black Farmer Fund Inc

228 Park Avenue South 38732
New York,NY10003 		  501(c)(3) Public Cha General Support 100

California Forward

127 University Ave
Berkeley,CA94710 		  501(c)(3) Public Cha Project-Based 75,000

Calumet Theatre Company

340 Sixth St
Calumet,MI49913 		  501(c)(3) Public Cha General Support 100

Center for Constitutional Rights Inc

666 Broadway Fl 7
New York,NY10012 		  501(c)(3) Public Cha General Support 500

Center for Higher Ambition Leadership Inc

1500 District Avenue
Burlington,MA01803 		  501(c)(3) Public Cha General Support 150,000

City Seed Inc

817 Grand Avenue No 101
New Haven,CT06511 		  501(c)(3) Public Cha General Support 500

Columbia Home and School Association

17 Parker Ave
Maplewood,NJ07040 		  501(c)(3) Public Cha General Support 500

Committee Encouraging Corporate Philanthropy

85 Broad Street 27th Floor
New York,NY10004 		  501(c)(3) Public Cha General Support 75,000

Common Future

2323 Broadway
Oakland,CA94612 		  501(c)(3) Public Cha General Support 150,000

Community Foundation of Sarasota County Inc

2635 Fruitville Road
Sarasota,FL34237 		  501(c)(3) Public Cha Project-Based 25,000

Community Help in Park Slope Inc

200 4th Avenue
Brooklyn,NY11217 		  501(c)(3) Public Cha General Support 500

Confluence Philanthropy

54 W 40th St - Ste 1129
New York,NY10018 		  501(c)(3) Public Cha Mem/Sub/Spon 8,250

Congregation Beit Simchat Torah of New York Inc

130 West 30th St
New York,NY10001 		  501(c)(3) Public Cha General Support 2,000

Connecticut Voices for Children Inc

33 Whitney Ave First Floor
New Haven,CT06510 		  501(c)(3) Public Cha General Support 1,000

CooperationWorks

1106 Russell Street
Berkeley,CA94702 		  501(c)(3) Public Cha General Support 500

Council on Foundations Inc

1255 23rd Street NW Suite 200
Washington,DC20037 		  501(c)(3) Public Cha Mem/Sub/Spon 20,000

Dancers Group

44 Gough St Suite 201
San Francisco,CA94103 		  501(c)(3) Public Cha General Support 150

Designing Justice Designing Spaces

2744 East 11th Street H03
Oakland,CA94601 		  501(c)(3) Public Cha General Support 50,000

Diakonos Solutions Corporation

423 Orchard Pass Ave
Ponte Vedra,FL32081 		  501(c)(3) Public Cha General Support 6,000

Diakonos Solutions Corporation

423 Orchard Pass Ave
Ponte Vedra,FL32081 		  501(c)(3) Public Cha General Support 2,000

Equal Justice Initiative

122 Commerce St
Montgomery,AL36104 		  501(c)(3) Public Cha General Support 500

Faith in the Valley

2027 E Harding Way
Stockton,CA95205 		  501(c)(3) Public Cha General Support 50,000

Farming Falmouth Inc

PO Box 2322
Teaticket,MA02536 		  501(c)(3) Public Cha General Support 2,500

Federation of Appalachian Housing Enterprises Inc

319 Oak Street
Berea,KY40403 		  501(c)(3) Public Cha Pass-Through 100,000

Federation of Appalachian Housing Enterprises Inc

319 Oak Street
Berea,KY40403 		  501(c)(3) Public Cha Pass-Through 300,000

Friends of Brooklyn Collaborative Studies Inc

610 Henry Street
Brooklyn,NY11231 		  501(c)(3) Public Cha General Support 500

Funders Network for Smart Growth and Livable Communities

2000 Ponce de Leon Blvd Suite 600
Coral Gables,FL33134 		  501(c)(3) Public Cha Mem/Sub/Spon 15,000

Girl Scouts of the USA

420 Fifth Avenue
New York,NY10018 		  501(c)(3) Public Cha General Support 1,000

Global Impact Investing Network

One Battery Park Plaza - 2nd Floor
New York,NY10004 		  501(c)(3) Public Cha Mem/Sub/Spon 20,000

Good Jobs First

1380 Monroe St NW PMB 405
Washington,DC20010 		  501(c)(3) Public Cha General Support 50,000

Guilford Free Public Library Asso Inc

67 Park Street
Guilford,CT06437 		  501(c)(3) Public Cha General Support 2,000

Hands In Outreach Inc

1504 Silver St
Sheffield,MA01257 		  501(c)(3) Public Cha General Support 10,000

Heart of Maine United Way

700 Main Street Suite 1
Bangor,ME04401 		  501(c)(3) Public Cha General Support 1,000

Hip Hop Caucus Education Fund

529 14th Street Northwest Suite 952
Washington,DC20045 		  501(c)(3) Public Cha General Support 500

Hispanic Catholic Charismatic Center of the Archdiocese of New York

826 E 166th Street
Bronx,NY10459 		  501(c)(3) Public Cha General Support 4,500

Hispanic Catholic Charismatic Center of the Archdiocese of New York

826 E 166th Street
Bronx,NY10459 		  501(c)(3) Public Cha General Support 5,000

Integrated Refugee and Immigrant Services Inc

235 Nicoll Street 2nd Floor
New Haven,CT06511 		  501(c)(3) Public Cha General Support 500

Island Housing Trust

PO Box 851
Mount Desert,ME04660 		  501(c)(3) Public Cha General Support 10,000

JACKSON METRO SPONSORING COMMITTEE

1770 Ellis Avenue
Jackson,MS39204 		  501(c)(3) Public Cha General Support 30,000

Joyce Theater Foundation Inc

175 Eighth Avenue
New York,NY10011 		  501(c)(3) Public Cha General Support 1,000

Jubilee Gift Galaxy Inc

6655 Moore Drive
Oakland,CA94611 		  501(c)(3) Public Cha General Support 150,000

Junior Major League Inc

PO Box 3102
Milford,CT06460 		  501(c)(3) Public Cha General Support 1,000

Keweenaw Community Forest Company

PO Box 300
Mohawk,MI49950 		  501(c)(3) Public Cha General Support 100

Keweenaw Community Foundation

236 Quincy St
Hancock,MI49930 		  501(c)(3) Public Cha General Support 2,500

Keweenaw Community Foundation

236 Quincy St
Hancock,MI49930 		  501(c)(3) Public Cha General Support 1,000

Keweenaw Community Foundation

236 Quincy St
Hancock,MI49930 		  501(c)(3) Public Cha General Support 700

Keweenaw Community Foundation

236 Quincy St
Hancock,MI49930 		  501(c)(3) Public Cha General Support 500

Keweenaw Community Foundation

236 Quincy St
Hancock,MI49930 		  501(c)(3) Public Cha General Support 500

Keys 2 Success Inc

1536 Springfield Ave
New Providence,NJ07974 		  501(c)(3) Public Cha General Support 500

Lambda Legal Defense and Education Fund Inc

120 Wall Street 19th Fl
New York,NY10005 		  501(c)(3) Public Cha General Support 1,000

Lawyers' Committee for Civil Rights Under Law

1500 K Street NW Suite 900
Washington,DC200052124 		  501(c)(3) Public Cha General Support 250

League of Women Voters Education Fund

1233 20th Street NW Suite 500
Washington,DC20036 		  501(c)(3) Public Cha General Support 100

Little Birthday Angels Inc

1275 US Hwy 1 Suite 2 PMB 131
Vero Beach,FL32960 		  501(c)(3) Public Cha General Support 1,000

Little Brothers Friends of the Elderly - Upper Michigan Chapter

527 Hancock St
Hancock,MI49930 		  501(c)(3) Public Cha General Support 500

Main Street Calumet Inc

PO Box 188
Calumet,MI49913 		  501(c)(3) Public Cha General Support 1,000

Main Street Calumet Inc

PO Box 188
Calumet,MI49913 		  501(c)(3) Public Cha General Support 500

Maine Seacoast Mission

PO Box 600
Northeast Harbor,ME04662 		  501(c)(3) Public Cha General Support 2,500

Maine Seacoast Mission

PO Box 600
Northeast Harbor,ME04662 		  501(c)(3) Public Cha General Support 2,000

Maine Seacoast Mission

PO Box 600
Northeast Harbor,ME04662 		  501(c)(3) Public Cha General Support 10,000

Maplewood Middle School Home & School Association

7 Burnett St
Maplewood,NJ07040 		  501(c)(3) Public Cha General Support 500

Meeting Essential Needs With Dignity Inc

PO Box 1304
Maplewood,NJ07040 		  501(c)(3) Public Cha General Support 2,000

Metro IAF Inc

c/o First Presbyterian Church 89-60
164th Street
Jamaica,NY11432 		  501(c)(3) Public Cha General Support 60,000

Metropolitan United Methodist Church

30522 Dr William P Hytche Blvd
Princess Anne,MD30522 		  501(c)(3) Public Cha General Support 250

Mission Investors Exchange

105 W 86th Street 358
New York,NY10024 		  501(c)(3) Public Cha Mem/Sub/Spon 15,000

Montpelier Foundation Inc

PO Box 364
Montpelier,VT05601 		  501(c)(3) Public Cha General Support 10,000

National Federation of Municipal Analysts

PO Box 14893
Pittsburgh,PA15234 		  501(c)(3) Public Cha Project-Based 15,000

Neighborhood House Club

PO Box 332
Northeast Harbor,ME04662 		  501(c)(3) Public Cha General Support 500

New Economy Project

121 West 27 Street Suite 804
New York,NY10001 		  501(c)(3) Public Cha General Support 500

New Haven Ecology Project Inc

358 Springside Ave
New Haven,CT06515 		  501(c)(3) Public Cha General Support 400

New Sun Rising

PO Box 58005
Millvale,PA15209 		  501(c)(3) Public Cha General Support 120,000

New Venture Fund

PO Box 37734
Baltimore,MD21297 		  501(c)(3) Public Cha General Support 1,000

New York Public Radio

160 Varick Street
New York,NY10013 		  501(c)(3) Public Cha General Support 1,000

Next City Inc

PO Box 22449
Philadelphia,PA19110 		  501(c)(3) Public Cha General Support 50,000

Oko Urban Farms Inc

1777 Eastern Parkway Suite 2
Brooklyn,NY11211 		  501(c)(3) Public Cha General Support 2,000

Oko Urban Farms Inc

1777 Eastern Parkway Suite 2
Brooklyn,NY11211 		  501(c)(3) Public Cha General Support 100

Omega House Inc

2211 Maureen Lane
Houghton,MI49931 		  501(c)(3) Public Cha General Support 500

Open Channels New York Inc

161A Chrystie Street
New York,NY10002 		  501(c)(3) Public Cha General Support 500

Open Possibilities dba Possibility Labs

1410 Franklin Street - Num 135
San Francisco,CA941090000 		  501(c)(3) Public Cha General Support 125,000

Open Possibilities dba Possibility Labs

1410 Franklin Street - Num 135
San Francisco,CA941090000 		  501(c)(3) Public Cha General Support 400

Parent Teacher Assn of Bard High School Early College- Queens Inc

30-20 Thomson Ave 6th Floor
Queens,NY11101 		  501(c)(3) Public Cha General Support 1,000

Partnership Housing Inc

67 Lone Oak Industrial Park Road -
PO Box 236
Booneville,KY41314 		  501(c)(3) Public Cha General Support 5,000

Planned Parenthood of Michigan

PO Box 3673
Ann Arbor,MI48104 		  501(c)(3) Public Cha General Support 100

Public Schools of Calumet Laurium & Keweenaw Foundation

57070 Mine St
Calumet,MI49913 		  501(c)(3) Public Cha General Support 100

QueerArt Inc

140 2nd Ave 501
New York,NY10003 		  501(c)(3) Public Cha General Support 1,000

Refuser Solidarity Network Inc

712 H ST NE PMB 98277
Washington,DC20002 		  501(c)(3) Public Cha General Support 300

Remineralize the Earth Inc

152 South Street
Northampton,MA01060 		  501(c)(3) Public Cha General Support 2,500

Rock And Soul Forever Foundation

PO Box 330
Leonardo,NJ07737 		  501(c)(3) Public Cha General Support 200

Rooted Hearts Ministries

PO BOX 562392
Charlotte,NC28256 		  501(c)(3) Public Cha General Support 500

Sandy Hook Promise Foundation

PO Box 3489
Newtown,CT06470 		  501(c)(3) Public Cha General Support 500

Seeds of Solidarity Education Center Inc

165 Chestnut Hill Road
Orange,MA013641708 		  501(c)(3) Public Cha General Support 5,000

Self-Help Enterprises

P O Box 6520
Visalia,CA932906520 		  501(c)(3) Public Cha General Support 150,000

Soul Fire Farm Institute Inc

1972 Ny Highway 2
Petersburg,NY12138 		  501(c)(3) Public Cha General Support 400

South OrangeMaplewood Community Coalition on Race

516 Prospect St
Maplewood,NJ07040 		  501(c)(3) Public Cha General Support 2,000

South OrangeMaplewood Community Coalition on Race

516 Prospect St
Maplewood,NJ07040 		  501(c)(3) Public Cha General Support 2,000

St Louis University High School

4970 Oakland Avenue
St Louis,MO63110 		  501(c)(3) Public Cha General Support 500

Stamford Spartans Youth Football

105 Harbor Dr Apt 117
Stamford,CT06902 		  501(c)(3) Public Cha General Support 2,000

Stamford Spartans Youth Football

105 Harbor Dr Apt 117
Stamford,CT06902 		  501(c)(3) Public Cha General Support 950

Stamford Spartans Youth Football

105 Harbor Dr Apt 117
Stamford,CT06902 		  501(c)(3) Public Cha General Support 2,000

State University of Iowa Foundation

PO BOX 4550
Iowa City,IA52244 		  501(c)(3) Public Cha General Support 400

Stratos Partners

311 S Evaline St
Pittsburgh,PA15224 		  For Profit Project-Based 150,000

Taller Salud Inc

PO Box 524
Loiza,PR00772 		  501(c)(3) Public Cha General Support 500

The Center for Michigan Inc

220 W Michigan Ave
Ypsilanti,MI48197 		  501(c)(3) Public Cha General Support 100

The Gooden Center

191 N El Molino Ave
Pasadena,CA91101 		  501(c)(3) Public Cha General Support 500

The Haitian Project Inc

PO Box 6891
Providence,RI02940 		  501(c)(3) Public Cha General Support 500

The Haitian Project Inc

PO Box 6891
Providence,RI02940 		  501(c)(3) Public Cha General Support 3,000

The Lincoln Institute of Land Policy

113 Brattle Street
Cambridge,MA021383400 		  501(c)(3) Private Op Project-Based 150,000

The Urban Institute

500 LEnfant Plaza SW
Washington,DC20024 		  501(c)(3) Public Cha Project-Based 175,500

U Empower of Maryland Inc

760 Ritchie Hwy
Severna Park,MD21146 		  501(c)(3) Public Cha General Support 500

United Community Centers Inc

613 New Lots Avenue
Brooklyn,NY11207 		  501(c)(3) Public Cha General Support 500

Upper Peninsula Firefighters Memorial Museum

PO Box 503
Calumet,MI49931 		  501(c)(3) Public Cha General Support 100

Upper Peninsula Firefighters Memorial Museum

PO Box 503
Calumet,MI49931 		  501(c)(3) Public Cha General Support 100

Uprose Inc

462 36th Street Suite 3A
Brooklyn,NY11232 		  501(c)(3) Public Cha General Support 500

Urban Farming Institute of Boston Inc

PO Box 260371
Mattapan,MA02126 		  501(c)(3) Public Cha General Support 2,500

US Endowment for Forestry & Communities

908 E North Street
Greenville,SC29601 		  501(c)(3) Public Cha Project-Based 53,000

Wallingford Public Library Assoc

200 N Main St
Wallingford,CT06492 		  501(c)(3) Public Cha General Support 200

Wellness Collaborative Inc

32 Dudley Street
Roxbury,MA02199 		  501(c)(3) Public Cha General Support 2,500

William J Brennan Jr Center for Justice Inc

161 Avenue of the Americas 12th
Floor
New York,NY10013 		  501(c)(3) Public Cha General Support 250

Williams College

Alumni Relations Development Office
75 Park St
Williamstown,MA01267 		  501(c)(3) Public Cha General Support 2,000

Womens Foundation of California

1301 Clay Street 71719
Oakland,CA94612 		  501(c)(3) Public Cha General Support 500

Working Solutions CDFI

930 Montgomery Street Suite 400
San Francisco,CA94133 		  501(c)(3) Public Cha General Support 500

World Foundation for Girl Guides and Girl Scouts

420 Fifth Avenue
New York,NY10018 		  501(c)(3) Public Cha General Support 1,500
Total .................................right arrow 3a 19,480,286
bApproved for future payment

Mission Investors Exchange
105 W 86th Street
New York,NY10024 		  501(c)(3) Public Cha Membership/sponsorship 60,000

Lincoln Institute of Land Policy
113 Brattle Street
Cambridge,MA021383400 		  501(c)(3) Private Op Project Based 75,000
Total ................................. right arrow 3b 135,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aCONTRACT FEE          
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 7,011,752  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,379,053  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 8,390,805 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
8,390,805
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1 LICENSING REVENUE FROM US COMMUNITY INVESTING INDEX
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OUTSOURCED CONTROLLER 33,500 0   0
AUDIT 84,425 9,124   35,600

TY 2023 AllOthProgRltdInvestmentsSch
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Category Amount
HFCU 1,000,000
VARIOUS 46,497

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 ExpenditureResponsibilityStmt
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
NETWORK IMPACT
  		25 SIGOURNEY STREET
BOSTON,MA02130 		2022-03-10 150,000 To support the examination of collective agency, networks and reflective learning in community transformation. 150,000 NO 3/31/2022, 9/30/2022, 12/31/2022    
TRANSFORM FINANCE INC
  		188 GRAND STREET
NEW YORK,NY10013 		2022-02-01 50,000 To conduct and disseminate research; public education through trainings and convenings; and provide advisory services and implementation support. 50,000 NO 6/30/2022, 9/30/2022    
LINCOLN INSTITUTE OF LAND POLICY
  		113 BRATTLE STREET
CAMBRIDGE,MA02138 		2023-02-22 150,000 To help define what a healthy community development ecosystem looks like and to help identify investment opportunities within communities. 150,000 NO 2/28/2023, 6/30/2024    
BDO FMA LLC
  		600 THIRD AVE 3RD FLOOR
NEW YORK,NY10016 		2022-04-04 50,000 to explore what is necessary for nonprofits to increase their capacity, or to properly capitalize the enterprise, to ensure success in accomplishing their respective missions. In particular, the project will help augment existing datasets with additional data to provide a more holistic perspective on the health of nonprofits providing essential services in their communities. 50,000 NO 9/30/2022    
STRATOS PARTNERS
  		311 S EVALINE STREET
PITTSBURGH,PA15224 		2023-02-28 75,000 TO SUPPORT SPECIFIC RESEARCH QUESTIONS 75,000 NO 03/23/2023, 07/31/2024    
LINCOLN INSTITUTE OF LAND POLICY
  		113 BRATTLE STREET
CAMBRIDGE,MA02138 		2023-12-21 75,000 To help define what a healthy community development ecosystem looks like and to help identify investment opportunities within communities. 75,000 NO 01/31/2024, 06/30/2024, 08/31/2024    

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE ISSUES 2,339,056 2,339,056

TY 2023 InvestmentsCorpStockSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCK INVESTMENTS 195,604,037 195,604,037

TY 2023 InvestmentsGovtObligationsSch
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
US Government Securities - End of Year Book Value:

12,268,303
US Government Securities - End of Year Fair Market Value:

12,268,303
State & Local Government Securities - End of Year Book Value:


49,337,896
State & Local Government Securities - End of Year Fair Market Value:


49,337,896


TY 2023 InvestmentsOtherSchedule2
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MISSION RELATED LIMITED PARTNERSHIPS FMV 15,598,174 15,598,174
OTHER FIXED INCOME SECURITIES FMV 26,517,160 26,517,160

TY 2023 LegalFeesSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL SERVICES 175,559 72,324   113,457


TY 2023 OtherAssetsSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENTS 16,450,858 12,947,355 12,947,355
PREPAID FEDERAL EXCISE TAX   32,000 32,000


TY 2023 OtherExpensesSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODY FEES 114,106 114,106   0
EQUIPMENT AND EQUIPMENT REPAIR 547 59   665
OFFICE 100,547 30   101,063
INSURANCE 48,489 5,240   40,122
BANK FEES 2,112 0   2,112
MARKET DATA 49,493 49,493   0


TY 2023 OtherIncreasesSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Description Amount
CHANGE IN UNREALIZED APPRECIATION, NET OF DEFERRED TAX 31,688,770


TY 2023 OtherLiabilitiesSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX 228,709 690,249


TY 2023 OtherProfessionalFeesSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY 1,517,063 1,517,063   0
PORTFOLIO MONITORING 300,000 300,000   0
HUMAN RESOURCES 59,073 0   56,542
PROFESSIONAL DEVELOPMENT 21,609 0   21,609
DESKTOP AND NETWORK SUPPORT 46,500 0   46,500
MARKETING 157,084 0   155,584
CONSULTING AND ADVISING 397,106 55,002   410,229
OTHER INVESTMENT 62,484 62,484   0


TY 2023 TaxesSchedule
Name:
THE FB HERON FOUNDATION
EIN:
13-3647019
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE 120,000 0   0