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 HEARTHLAND FOUNDATION
C/O BRESLAUER RUTMAN & ANDERSON INC
Number and street (or P.O. box number if mail is not delivered to street address)11400 W OLYMPIC BLVD 550
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA900641551
A Employer identification number

95-4016320
B Telephone number (see instructions)

(310) 481-3513
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$500,580,198J 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) 80,161,620
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,849,620 5,849,620  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,086,193
b Gross sales price for all assets on line 6a 859,160
7 Capital gain net income (from Part IV, line 2)... 0
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........ 84,925,047 5,849,620 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
19,383 9,692 0 9,691
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
58,000 29,000 0 29,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,318,828 1,041,989 0 2,276,839
17 Interest............... 88,922 88,922 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
214,760 201,820 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 147,732 0 0 147,732
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
1,633,815 1,547,901 0 28,318
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,481,440 2,919,324 0 2,491,580
25 Contributions, gifts, grants paid....... 11,347,450 11,347,450
26 Total expenses and disbursements. Add lines 24 and 25 16,828,890 2,919,324 0 13,839,030
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 68,096,157
b Net investment income (if negative, enter -0-) 2,930,296
c Adjusted net income (if negative, enter -0-)... 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............. 10,428,711 35,952,705 35,952,705
2 Savings and temporary cash investments......... 54,995,786 50,038,544 50,608,655
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 261,830,977 Click to see attachment
List of Attached Documents:
// Content
300,195,306 		343,270,545
c Investments—corporate bonds (attach schedule)....... 10,291,745 Click to see attachment
List of Attached Documents:
// Content
13,001,933 		11,126,997
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).......... 43,564,906 Click to see attachment
List of Attached Documents:
// Content
50,150,388 		59,481,541
14 Land, buildings, and equipment: basis right arrow171,731
Less: accumulated depreciation (attach schedule) right arrow62,014 166,961 Click to see attachment
List of Attached Documents:
// Content
109,717 		109,717
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
103,563 		Click to see attachment
List of Attached Documents:
// Content
30,038 		Click to see attachment
List of Attached Documents:
// Content
30,038
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 381,382,649 449,478,631 500,580,198
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
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
1,598 		Click to see attachment
List of Attached Documents:
// Content
1,423
23 Total liabilities (add lines 17 through 22)......... 1,598 1,423
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 381,381,051 449,477,208
29 Total net assets or fund balances (see instructions)..... 381,381,051 449,477,208
30 Total liabilities and net assets/fund balances (see instructions). 381,382,649 449,478,631
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
381,381,051
2
Enter amount from Part I, line 27a .....................
2
68,096,157
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
449,477,208
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
449,477,208
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 PUBLICLY TRADED SECURITIES      
b FROM PARTNERSHIPS P    
c FROM PARTNERSHIPS P    
d CAPITAL GAINS DIVIDENDS P    
e
(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       -1,945,353
b 13,928     13,928
c 832,124     832,124
d 13,108     13,108
e
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       -1,945,353
b       13,928
c       832,124
d       13,108
e
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 -1,086,193
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 40,731
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 40,731
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 40,731
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 235,854
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.............. 7 235,854
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 10 195,123
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow95,123 Refundedright arrow 11 100,000
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 arrowCA
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 arrowHEARTHLANDFOUNDATION.ORG
14
The books are in care ofright arrowBRESLAUER RUTMAN ANDERSON INC Telephone no.right arrow (310) 481-3513

Located atright arrow11400 W OLYMPIC BLVDSUITE 550LOS ANGELESCA ZIP+4right arrow900641551
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)
 
No
(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
 
 
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)
 
No
(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
 
 
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
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
KATE CAPSHAW SPIELBERG DIRECTOR
0.50 		0 0 0
11400 W OLYMPIC BLVD STE 550
LOS ANGELES,CA90064
STEVEN SPIELBERG DIRECTOR
0.50 		0 0 0
11400 W OLYMPIC BLVD STE 550
LOS ANGELES,CA90064
KRISTIE MACOSKO KRIEGER DIRECTOR
0.50 		0 0 0
11400 W OLYMPIC BLVD STE 550
LOS ANGELES,CA90064
GERALD BRESLAUER PRESIDENT, DIRECTOR
0.50 		0 0 0
11400 W OLYMPIC BLVD STE 550
LOS ANGELES,CA90064
MICHAEL RUTMAN CFO
0.50 		0 0 0
11400 W OLYMPIC BLVD STE 550
LOS ANGELES,CA90064
TAMMY ANDERSON SECRETARY, DIRECTOR
0.50 		0 0 0
11400 W OLYMPIC BLVD STE 550
LOS ANGELES,CA90064
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
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
FUNDAMENTAL PHILANTHROPY INC GRANT ADMINISTRATION & CONSULTING 1,835,986
400 S BEVERLY DRIVE
BEVERLY HILLS,CA90212
SUMMIT ROCK ADVISORS LLC INVESTMENT ADVISORY FEES 930,941
9 WEST 57TH STREET 12TH FLOOR
NEW YORK,NY10019
CD CONSULTING CONSULTING 180,293
860 SOUTH HUDSON AVENUE
LOS ANGELES,CA90005
CASA VIGNALE DESIGN INC CONSULTING 129,423
1104-1618 W 6TH AVENUE
VANCOUVER,BRITISH COLUMBIA  
CA
OFFIT CAPITAL ADVISORS LLC INVESTMENT ADVISORY FEES 111,048
485 LEXINGTON AVE FL 24
NEW YORK,NY100172640
Total number of others receiving over $50,000 for professional services.............right arrow2
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  
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
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
356,403,269
b
Average of monthly cash balances.......................
1b
25,646,966
c
Fair market value of all other assets (see instructions)................
1c
49,495,105
d
Total (add lines 1a, b, and c).........................
1d
431,545,340
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
431,545,340
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,473,180
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
425,072,160
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
21,253,608
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
21,253,608
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
40,731
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
40,731
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
21,212,877
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
21,212,877
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
21,212,877
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
13,839,030
b
Program-related investments—total from Part VIII-B..................
1b
0
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
13,839,030
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 21,212,877
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...... 3,258,728
b From 2019...... 1,666,907
c From 2020...... 9,160,493
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 14,086,128
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 13,839,030
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..... 13,839,030
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 7,373,847 7,373,847
(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 6,712,281
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 ...... 		6,712,281
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 6,712,281
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
KATE CAPSHAW SPIELBERG
STEVEN SPIELBERG
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

AMERICAN EXCHANGE PROJECT INC

38 BALCOM ROAD
SUDBURY,MA01776 		NONE PC BRIDGING DIVIDES 1,075,000

BROWN UNIVERSITY OF PROVIDENCE

PO BOX 1893
PROVIDENCE,RI02912 		NONE PC ARTS, CULTURE & MEDIA 200,000

CALIFORNIA CONSORTIUM FOR URBAN INDIAN HEALTH

1016 LINCOLN BLVD SUITE 111
SAN FRANCISCO,CA94129 		NONE PC ARTS, CULTURE & MEDIA 100,000

CITIZEN UNIVERSITY

300 LENORA ST 1391
SEATTLE,WA98121 		NONE PC BRIDGING DIVIDES 200,000

COMMUNITY INITIATIVES

417 MAIN ST SUITE 400-8
LITTLE ROCK,AR72201 		NONE PC COMMUNITY SAFETY 100,000

EPWORTH CHILDREN AND FAMILY SERVICES INC

7500 NATURAL BRIDGE ROAD
ST LOUIS,MO63121 		NONE PC YOUTH 50,000

EQUAL JUSTICE INITIATIVE

122 COMMERCE STREET
MONTGOMERY,AL36104 		NONE PC RACIAL JUSTICE 250,000

FACING HISTORY AND OURSELVES

89 SOUTH ST SUITE 401
BOSTON,MA02111 		NONE PC EDUCATION 500,000

FIRELIGHT MEDIA INC

72 HAMILTON TERRACE
NEW YORK,NY10031 		NONE PC ARTS, CULTURE & MEDIA 500,000

FORWARD IMPACT

777 S ALAMEDA STREET 2ND FLOOR
LOS ANGELES,CA90021 		NONE PC ARTS, CULTURE & MEDIA 100,000

FREEDOM READS

169 HENRY STREET
NEW HAVEN,CT06511 		NONE PC EDUCATION 250,000

FRIENDS OF GEORGICA POND FOUNDATION INC

POBOX 1393
WAINSCOTT,NY11975 		NONE PC ENVIRONMENT & CLIMATE CHANGE 25,000

FRIENDS OF THE BRENTWOOD ART CENTER

13031 MONTANA AVENUE
LOS ANGELES,CA90049 		NONE PC ARTS EDUCATION 25,000

GEFFEN PLAYHOUSE INC

10886 LE CONTE AVENUE
LOS ANGELES,CA90024 		NONE PC ARTS, CULTURE & MEDIA 100,000

GET LIT WORDS IGNITE INC

672 S LA FAYETTE PARK PLACE 10
LOS ANGELES,CA90057 		NONE PC ARTS EDUCATION 100,000

HARNESS COMMUNITY

1125 N FAIRFAX AVENUE UNIT 461872
WEST HOLLYWOOD,CA90046 		NONE PC CIVIC ENGAGEMENT 100,000

LARKIN STREET YOUTH SERVICES

134 GOLDEN GATE AVENUE
SAN FRANCISCO,CA94102 		NONE PC YOUTH 50,000

MOM CREW

2813 GRAND CANYON CT
MCKINNEY,TX75072 		NONE PC ARTS, CULTURE & MEDIA 75,000

MORE IN COMMON INC

115 BROADWAY STREET FLOOR 7
NEW YORK,NY10006 		NONE PC BRIDGING DIVIDES 225,000

MOTHERING JUSTICE

PO BOX 21728
DETROIT,MI48221 		NONE PC CIVIC ENGAGEMENT 100,000

MOUNTAIN-PLAINS YOUTH SERVICES COALITION

217 W ROSSER AVE
BISMARCK,ND58504 		NONE PC YOUTH 50,000

NIGHT MINISTRY

1735 NORTH ASHLAND AVENUE SUITE
2000
CHICAGO,IL60622 		NONE PC YOUTH 50,000

ON BEING PROJECT

1619 HENNEPIN AVENUE SOUTH
MINNEAPOLIS,MN55403 		NONE PC ARTS, CULTURE & MEDIA 500,000

PARTNERS FOR JUSTICE INC

125 LINCOLN PLACE
BROOKLYN,NY11217 		NONE PC COMMUNITY SAFETY 100,000

PORTLAND ART MUSEUM

1219 SW PARK AVENUE
PORTLAND,OR97205 		NONE PC ARTS, CULTURE & MEDIA 247,450

REWILD

PO BOX 129
AUSTIN,TX78767 		NONE PC ENVIRONMENT & CLIMATE CHANGE 1,000,000

ROCKEFELLER PHILANTHROPY ADVISORS INC

90 CHURCH STREET FI 1 7082
NEW YORK,NY10008 		NONE PC CIVIC ENGAGEMENT 500,000

RURAL DIGITAL YOUTH RESILIENCY PROJECT INC

364 PATTESON DR 218
MORGANTOWN,WV26505 		NONE PC JOURNALISM 100,000

SANDY HOOK PROMISE FOUNDATION

13 CHURCH HILL ROAD
NEWTOWN,CT06470 		NONE PC COMMUNITY SAFETY 100,000

THE ART AND ADVOCACY SOCIETY

123 LEVERINGTON AVE
PHILADELPHIA,PA19127 		NONE PC ARTS, CULTURE & MEDIA 250,000

THE BARACK OBAMA FOUNDATION

5235 SOUTH HARPER COURT SUITE 1140
CHICAGO,IL60615 		NONE PC CIVIC ENGAGEMENT 2,000,000

THE LINK

1210 GLENWOOD AVE
MINNEAPOLIS,MN55405 		NONE PC YOUTH 50,000

THE NEW YORK PUBLIC LIBRARY ASTOR LENOX

FIFTH AVENUE 42ND STREET
NEW YORK,NY10018 		NONE PC ARTS, CULTURE & MEDIA 1,000,000

TRANSLASH MEDIA INC

315 GATES AVE 5R
BROOKLYN,NY11216 		NONE PC JOURNALISM 200,000

VIP COMMUNITY MENTAL HEALTH CENTER INC

1721 GRIFFIN AVE
LOS ANGELES,CA90031 		NONE PC YOUTH 25,000

WEST END RESIDENCES HDFC INC

475 RIVERSIDE DRIVE SUITE 740
NEW YORK,NY10115 		NONE PC YOUTH 50,000

WINDWARD FUND

1828 L STREET NW
WASHINGTON,DC20036 		NONE PC CIVIC ENGAGEMENT 500,000

WORKMONEY FOUNDATION INC

790 N MILWAUKEE ST SUITE 300
MILWAUKEE,WI53202 		NONE PC CIVIC ENGAGEMENT 500,000
Total .................................right arrow 3a 11,347,450
bApproved for future payment

AMERICAN EXCHANGE PROJECT INC
38 BALCOM ROAD
SUDBURY,MA01776 		NONE PC BRIDGING DIVIDES 1,000,000

CAMPAIGN FOR THE FAIR SENTENCING OF YOUTH
1319 F STREET NW SUITE 303
WASHINGTON,DC20004 		NONE PC RACIAL JUSTICE 200,000

CHILDRENS HOSPITAL OF LOS ANGELES
4650 SUNSET BLVD 1
LOS ANGELES,CA90027 		NONE PC HEALTH 3,000,000

CONSERVATION LANDS FOUNDATION
835 E 2ND AVENUE 314
DURANGO,CO81301 		NONE PC ENVIRONMENT & CLIMATE CHANGE 100,000

EPWORTH CHILDREN AND FAMILY SERVICES INC
7500 NATURAL BRIDGE ROAD
ST LOUIS,MO63121 		NONE PC YOUTH 150,000

EQUAL JUSTICE INITIATIVE
122 COMMERCE STREET
MONTGOMERY,AL36104 		NONE PC RACIAL JUSTICE 500,000

ETERNAL SEEDS
2941 ROYAL ST
NEW ORLEANS,LA70117 		NONE PC ARTS, CULTURE & MEDIA 1,000,000

FIRELIGHT MEDIA INC
72 HAMILTON TERRACE
NEW YORK,NY10031 		NONE PC ARTS, CULTURE & MEDIA 500,000

FREEDOM READS
169 HENRY STREET
NEW HAVEN,CT06511 		NONE PC EDUCATION 750,000

GET LIT WORDS IGNITE INC
672 S LA FAYETTE PARK PLACE 10
LOS ANGELES,CA90057 		NONE PC ARTS EDUCATION 100,000

LARKIN STREET YOUTH SERVICES
134 GOLDEN GATE AVENUE
SAN FRANCISCO,CA94102 		NONE PC YOUTH 150,000

MOTHERING JUSTICE
PO BOX 21728
DETROIT,MI48221 		NONE PC CIVIC ENGAGEMENT 100,000

MOUNTAIN-PLAINS YOUTH SERVICES COALITION
217 W ROSSER AVE
BISMARCK,ND58504 		NONE PC YOUTH 150,000

NIGHT MINISTRY
1735 NORTH ASHLAND AVENUE SUITE
2000
CHICAGO,IL60622 		NONE PC YOUTH 150,000

ON BEING PROJECT
1619 HENNEPIN AVENUE SOUTH
MINNEAPOLIS,MN55403 		NONE PC ARTS, CULTURE & MEDIA 500,000

PARTNERS FOR JUSTICE INC
125 LINCOLN PLACE
BROOKLYN,NY11217 		NONE PC COMMUNITY SAFETY 100,000

SANDY HOOK PROMISE FOUNDATION
13 CHURCH HILL ROAD
NEWTOWN,CT06470 		NONE PC COMMUNITY SAFETY 100,000

SOLUTIONS JOURNALISM NETWORK INC
115 EAST 34TH STREET UNIT 1806
NEW YORK,NY10156 		NONE PC JOURNALISM 1,000,000

SOS CHILDREN'S VILLAGES CALIFORNIA
3756 W AVENUE 40 SUITE K 507
LOS ANGELES,CA90065 		NONE PC YOUTH 1,000,000

THE ART AND ADVOCACY SOCIETY
123 LEVERINGTON AVE
PHILADELPHIA,PA19127 		NONE PC ARTS, CULTURE & MEDIA 500,000

THE LINK
1210 GLENWOOD AVE
MINNEAPOLIS,MN55405 		NONE PC YOUTH 150,000

TRANSLASH MEDIA INC
315 GATES AVE 5R
BROOKLYN,NY11216 		NONE PC JOURNALISM 200,000

UTAH FILM CENTER (ZIPPORAH FILMS)
122 S MAIN STREET
SALT LAKE CITY,UT84101 		NONE PC ARTS, CULTURE & MEDIA 380,000

VIP COMMUNITY MENTAL HEALTH CENTER INC
1721 GRIFFIN AVE
LOS ANGELES,CA90031 		NONE PC YOUTH 75,000

WEST END RESIDENCES HDFC INC
475 RIVERSIDE DRIVE SUITE 740
NEW YORK,NY10115 		NONE PC YOUTH 150,000

WINDWARD FUND
1828 L STREET NW
WASHINGTON,DC20036 		NONE PC CIVIC ENGAGEMENT 1,000,000

WORKMONEY FOUNDATION INC
790 N MILWAUKEE ST SUITE 300
MILWAUKEE,WI53202 		NONE PC CIVIC ENGAGEMENT 500,000
Total ................................. right arrow 3b 13,505,000
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
a
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 5,849,620  
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 -1,086,193  
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 4,763,427 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,763,427
(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.)
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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE HEARTHLAND FOUNDATION
C/O BRESLAUER RUTMAN & ANDERSON INC
Employer identification number

95-4016320
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE HEARTHLAND FOUNDATION
C/O BRESLAUER RUTMAN & ANDERSON INC 		Employer identification number
95-4016320
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
AMBLIN ENTERTAINMENT INC
 
11400 W OLYMPIC BLVD SUITE 550
 
LOS ANGELES, CA90064

$ 161,620


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
KATE CAPSHAW AND STEVEN SPIELBERG
11400 W OLYMPIC BLVD SUITE 550
 
LOS ANGELES, CA90064

$ 80,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE HEARTHLAND FOUNDATION
C/O BRESLAUER RUTMAN & ANDERSON INC 		Employer identification number

95-4016320
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE HEARTHLAND FOUNDATION
C/O BRESLAUER RUTMAN & ANDERSON INC 		Employer identification number

95-4016320
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT 58,000 29,000 0 29,000

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

TY 2023 AmortizationSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
WEBSITE DESIGN 2022-12-01 171,731 4,770 36.000000000000 57,244 0 57,244 62,014

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Name of Bond End of Year Book Value End of Year Fair Market Value
SCHWAB US TIPS ETF 6,217,358 5,593,178
ISHARES 20+ YEAR TREASURY BO 6,784,575 5,533,819

TY 2023 InvestmentsCorpStockSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES MBS ETF 12,616,483 12,734,669
AB CORPORATE INCOME 3,459,586 3,431,828
AB TAXABLE M/S INCOME 12,011,843 12,083,203
ISHARES GOLD TRUST 9,963,986 11,149,544
SRA DIVERSIFIED STRATEGIES 45,155,059 46,670,248
SRA HEDGE EQUITY 46,091,000 37,809,681
SRA SELECT EQUITY 61,154,966 76,184,072
BLACKROCK MULTI-STRATEGY CREDIT FUND 9,455,788 9,505,706
OWL ROCK TECHNOLOGY FINANCE CORP 4,794,954 5,201,043
THERE VR INC 100 8,850,000
AETHER INC 4,072 60,000
AAC TECH HLDGS INC 50,091 59,190
ABBVIE INC 440,715 555,567
ACCENTURE PLC 400,180 583,212
ADOBE INC 232,830 373,472
ADVANCED MICRO DEVIC 194,648 459,330
AES CORP 3,258 4,216
AFLAC INC 53,340 88,523
AGILENT TECHNOLOGIES 22,827 35,314
AIA GROUP LTD 385,899 351,970
AIR LIQUIDE 138,835 191,283
AIR PROD & CHEMICALS 134,400 159,625
AKAMAI TECHNOLOGIES INC 89,764 104,148
ALBEMARLE CORP 61,475 48,834
ALCON INC 68,733 83,901
ALIBABA GROUP HLDG LTD F 570,283 360,189
ALLIANZ SE 133,389 170,549
ALLSTATE CORP 57,196 73,629
ALNYLAM PHARMACEUTL 63,875 69,865
ALPHABET INC. 1,384,102 2,352,937
ALTRIA GROUP INC 279,582 253,618
AMADEUS IT GROUP S A 50,431 60,115
AMAZON.COM INC 1,350,972 1,826,319
AMBEV S A 169,664 175,132
AMER ELECTRIC PWR CO 518,927 484,640
AMEREN CORP 3,055 2,894
AMERICAN EXPRESS CO 119,870 166,920
AMERIPRISE FINL 96,582 146,235
AMGEN INC. 253,956 297,237
AMPHENOL CORP 51,441 75,834
ANGLO AMERICAN PLC 55,374 58,257
ANSYS INC 83,714 124,105
AON PLC 100,733 135,906
AP MOLLER - MAERSK AS 98,763 92,768
APPLE INC 1,642,785 4,074,320
APPLIED MATERIALS 249,283 436,941
APTIV PLC 128,535 117,982
ARGENX SE 22,327 30,434
ARISTA NETWORKS INC 61,978 128,588
ARTHUR J GALLAGHER&C 61,884 62,517
ASTELLAS PHARMA INC 71,785 59,500
ATLAS COPCO AB 60,010 100,713
AUTO TRADER GROUP P L 59,392 76,826
AUTOZONE INC 166,930 307,688
AVANTOR INC 16,370 16,643
AVIVA PLC 70,392 91,024
AVNET INC 168,715 185,321
BAE SYSTEMS PLC 35,005 73,371
BANCOLOMBIA S.A. 67,838 71,294
BANK MONTREAL QUE 68,542 85,781
BANK NOVA SCOTIA 2,271 2,435
BANK OF NY MELLON CO 169,231 200,236
BARCLAYS PLC 15,937 18,778
BARRICK GOLD CORP 8,865 10,148
BAXTER INTERNTNL 5,759 4,291
BAYERISCHE MOTOREN WER F 105,298 145,158
BECTON DICKINSON&CO 147,739 147,273
BHP GROUP LTD 239,703 280,481
BILIBILI INC 93,130 85,482
BIOMARIN PHARMACEUTL 40,880 48,017
BLOCK INC 83,256 89,881
BOC HONG KONG HLDGS 325,954 286,555
BOEING CO 183,756 242,153
BOOZ ALLEN HAMILTON 51,758 81,479
BOSTON SCIENTIFIC CO 77,587 97,583
BP PLC 182,785 232,295
BRAMBLES LTD 76,784 88,287
BRISTOL-MYERS SQUIBB 543,340 419,408
BRIT AMER TOBACCO 102,308 85,732
BROADCOM INC 434,118 947,696
BROWN FORMAN CORP 61,327 53,617
BURLINGTON STORES 21,130 19,254
C H ROBINSON WORLDWD 105,231 107,988
C M S ENERGY CORP 74,501 72,762
C S L LIMITED 313,791 311,721
CADENCE DESIGN SYS 99,237 166,146
CAMECO CORP 64,014 111,672
CANADIAN NATL RAILWY 409,625 455,911
CAPGEMINI S E 22,043 41,850
CARMAX INC 21,818 17,190
CARRIER GLOBAL CORP 23,711 54,922
CATALENT INC 21,140 12,625
CATERPILLAR INC 165,530 259,007
CBOE GLOBAL MKTS INC 373,354 491,219
CBRE GROUP INC 79,992 107,984
CDW CORP 84,152 116,161
CEMEX SAB DE C V 26,119 52,692
CENOVUS ENERGY INC 57,270 72,461
CENTENE CORP 75,798 85,119
CGI INC 203,350 264,916
CHECK PT SOFTWARE 195,325 246,450
CHENIERE ENERGY INC 44,991 65,723
CHEVRON CORP 454,935 514,005
CHRISTIAN HANSEN HLD 19,137 16,067
CHUNGHWA TELECOM CO LT F 95,705 100,293
CISCO SYSTEMS INC 844,332 893,547
CITIGROUP INC 44,011 51,543
CLOROX CO 163,095 134,605
CME GROUP INC 214,319 257,774
CNH INDUSTRIAL NV 73,851 77,976
COCA-COLA EUROPACIFIC 233,603 265,625
COGNIZANT TECH SOLU 47,560 54,835
COLGATE-PALMOLIVE CO 368,097 385,876
COMMONWEALTH BK AUST 235,260 296,455
CONOCOPHILLIPS 339,922 471,244
CONSOLIDATED EDISON 560,197 616,686
CORTEVA INC 16,959 27,506
COSTAR GROUP INC 19,604 30,062
CREDICORP LTD 6,450 7,646
CSX CORP 29,467 41,292
CUMMINS INC 175,379 215,373
CVS HEALTH CORP 95,503 109,596
DANAHER CORP 253,414 319,943
DANONE 139,805 144,328
DASSAULT SYSTEM S A 24,779 35,343
DATADOG INC 19,527 35,200
DBS GROUP HOLDINGS LIM F 398,457 490,200
DECKERS OUTDOOR CORP 76,814 147,723
DEERE & CO 42,871 93,570
DELL TECHNOLOGIES INC 52,216 66,708
DEUTSCHE BK AKTIENGE 47,002 57,032
DEUTSCHE TELEKOM AG 423,727 534,359
DEVON ENERGY CORP 43,129 41,857
DEXCOM INC 32,364 43,680
DIAGEO PLC 359,658 306,760
DIAMONDBACK ENERGY 4,248 18,299
DOCUSIGN INC 25,355 16,468
DOMINOS PIZZA INC 81,537 96,050
DR REDDY S LABORATORIE F 345,115 451,018
DTE ENERGY CO 278,966 262,419
EATON CORP PLC 179,538 280,074
EDENRED S A 18,328 22,631
EDISON INTERNTNL 179,780 188,591
EDWARDS LIFESCIENCES 38,984 39,193
ELECTRONIC ARTS INC 394,571 448,600
EMERSON ELECTRIC CO 75,500 93,145
ENBRIDGE INC 222,121 216,804
ENN ENERGY HOLDINGS 127,822 93,967
ENPHASE ENERGY INC 26,246 26,164
EQUINOR A S A 2,871 5,379
ETSY INC 97,100 92,883
EXELON CORP 57,449 70,723
EXPERIAN PLC 28,085 32,918
FACTSET RESEARCH SYS 95,611 118,308
FERRARI N V 66,487 101,867
FIFTH THIRD BANCORP 26,088 35,628
FISERV INC 81,046 91,394
FORTIS INC 124,318 123,143
FREEPORT-MCMORAN INC 131,764 173,686
GDS HLDGS 120,254 70,808
GEELY AUTOMOBL HLDG 56,468 50,034
GENERAL ELECTRIC CO 93,119 196,805
GENERAL MILLS INC 385,434 338,989
GENERAL MOTORS CO 176,252 170,117
GENMAB A/S 67,945 74,187
GILEAD SCIENCES INC 451,820 497,644
GIVAUDAN SA 129,318 162,006
GOLD FIELDS LTD 23,867 43,727
GRAND CANYON EDUCA 24,840 24,031
GRIFOLS SA 17,034 10,127
HANG SENG BANK LTD 504,094 397,788
HANNOVER RUECK SE 65,588 98,987
HARTFORD FINL SVC GP 371,096 424,165
HCA HEALTHCARE INC 5,289 12,181
HENDERSON LAND DEVELOP F 234,724 228,828
HENKEL AG&CO KGAA 167,879 181,727
HERMES INTERNTNL SCA 214,363 327,404
HERSHEY CO 371,140 400,100
HEXAGON AB 29,165 41,902
HILTON WORLDWIDE HLD 123,389 177,356
HOME DEPOT INC 155,325 213,475
HONEYWELL INTL INC 174,821 195,030
HONG KONG EXC & CLR 62,255 56,615
HP INC. 126,578 146,990
HUBSPOT INC 68,043 95,209
HUMANA INC 233,560 231,194
IBM CORP 114,302 123,644
ICICI BANK LTD 584,689 821,431
ILLINOIS TOOL WORKS 207,700 255,392
ILLUMINA INC 105,259 45,392
IMPALA PLATINUM 46,188 23,513
IMPERIAL OIL LTD 82,282 131,022
INCYTE CORP 85,438 80,308
INDUSTRIA DE DISENO TE F 124,168 202,220
INFINEON TECH AG 18,980 33,145
INFORMA PLC 21,156 31,494
INFOSYS LTD 311,961 416,252
ING GROEP ADR REP 1 OR F 48,803 85,389
INTERCONTINENTAL EXC 123,529 156,171
INTERCONTL HTLS 23,906 39,481
INTERNTNL PAPER 44,942 47,140
INTUIT INC 249,168 440,021
INTUITIVE SURGICAL 153,788 200,054
INVITATION HOMES INCORPO 19,546 22,922
J M SMUCKER CO 211,620 213,203
JAMES HARDIE INDS PLC 69,256 143,930
JD COM INC 483,175 319,177
JOHNSON & JOHNSON 856,192 888,716
JONES LANG LASALLE 6,819 8,688
JPMORGAN CHASE & CO 326,194 497,372
KB FINL GROUP INC 154,623 187,158
KERING S A 110,735 97,770
KEURIG DR PEPPER INC 249,482 247,168
KEYSIGHT TECH INC 322,585 412,361
KIMBERLY CLARK CORP 251,750 215,073
KINDER MORGAN INC 25,935 27,677
KOMATSU LTD 509,959 572,366
KONE OYJ 52,632 50,024
KONINKLIJKE AHOLD NV 334,890 350,341
KROGER CO 323,042 405,082
L OREAL S A 132,517 194,844
L3HARRIS TECHNOLOGIES IN 29,657 30,119
LAM RESEARCH CORP 197,715 375,182
LATTICE SEMICONDUCTR 33,176 49,397
LEGRAND SA 64,815 86,590
LILLY ELI & CO 355,461 1,013,698
LINDE PLC 233,317 348,282
LITTELFUSE INC 94,871 101,940
LLOYDS BANKING GROUP 56,819 65,553
LOCKHEED MARTIN CORP 197,262 214,383
LONDON STOCK EXCHANGE 269,884 314,618
LONZA GROUP AG 47,233 41,248
LOWES COMPANIES INC 159,512 234,345
LPL FINL HLDGS 52,992 67,831
LULULEMON ATHLETICA 56,101 91,010
LVMH MOET HENNESSY LOU F 185,316 289,973
MAGNA INTL INC 74,640 88,974
MARATHON PETE CORP 134,925 217,644
MARRIOTT INTL INC 152,845 220,549
MARSH & MC LENNAN CO 332,554 455,675
MARVELL TECHNOLOGY INC 71,380 95,953
MASTERCARD INC 458,803 611,189
MATCH GROUP INC NEW 5,654 2,920
MC CORMICK & CO INC 152,614 126,098
MCDONALDS CORP 160,711 226,830
MCKESSON CORP 562,414 714,378
MEDTRONIC PLC 263,040 237,996
MELCO PBL ENTERTAINMEN F 26,031 50,524
MERCK & CO. INC. 750,369 980,853
MERCK KGAA 81,680 87,009
META PLATFORMS INC 595,857 1,107,541
MICHELIN COMPAGNIE 184,553 224,608
MICRON TECHNOLOGY 140,626 192,186
MICROSOFT CORP 1,842,689 3,929,242
MODERNA INC 50,975 57,184
MOLSON COORS BEVERAGE CL 61,462 58,027
MONDELEZ INTL 201,411 222,795
MONOLITHIC POWER SYS 43,545 75,694
MOODYS CORP 183,044 237,851
MORNINGSTAR INC 52,389 74,136
NASPERS LTD 42,613 41,549
NATURA &CO HLDG S A 57,144 47,059
NESTLE S A 694,838 757,030
NETEASE INC 276,811 322,893
NETFLIX INC 199,054 313,551
NEW YORK TIMES 76,506 102,781
NEWMONT CORP 285,186 243,994
NEXTERA ENERGY INC 142,337 133,992
NIKE INC 102,447 107,810
NIPPON TELEG&TELEPH 1,208,626 1,341,892
NISSAN MOTOR CO LTD 121,080 124,835
NOAH HOLDINGS LTD 70,058 49,108
NORFOLK SOUTHERN CO 152,253 162,157
NORTHERN TRUST CORP 49,680 42,696
NOVARTIS AG 597,531 723,753
NOVO-NORDISK A S 214,870 523,560
NOVOZYMES AS 91,617 99,158
NTNL AUSTRALIA BANK 17,820 26,717
NTNL GRID PLC 357,303 362,183
NUTRIEN LTD 60,597 61,020
NVIDIA CORP 380,145 1,780,316
NXP SEMICONDUCTORS 85,210 131,377
OCCIDENTAL PETROL CO 20,126 49,261
OKTA INC 43,072 55,585
ONEOK INC 75,505 92,058
ORACLE CORP 114,459 175,752
ORANGE 387,541 405,776
OTIS WORLDWIDE CORP 137,698 158,004
P G & E CORP 93,170 111,534
PALO ALTO NETWORKS 70,003 158,351
PAYPAL HOLDINGS INCORPOR 137,452 113,977
PEARSON PLC 24,391 41,208
PELOTON INTERACTIVE INC 2,907 1,827
PEPSICO INC 709,223 814,383
PERNOD RICARD S A 41,260 42,007
PFIZER INC 306,320 244,226
PHILIP MORRIS INTL 177,100 197,474
PHILIPPINE LONG DST 182,706 175,092
PHILLIPS 66 90,906 116,631
PINTEREST INC 46,341 71,487
PIONEER NATURAL RES 147,046 176,531
PNC FINL SERVICES 76,037 91,671
PPG INDUSTRIES INC 54,498 68,045
PPL CORP 101,895 97,696
PROCTER & GAMBLE 1,069,741 1,159,718
PROGRESSIVE CO OHIO 264,201 406,642
PROSUS N V 94,337 86,108
PRUDENTIAL PLC 75,556 66,923
PT BANK RAKYAT 245,820 307,721
PT BK MANDIRI PRSRO 152,581 233,260
PUB SVC ENTERPISE GP 169,670 170,303
PUBLICIS S A NEW 60,409 96,167
QBE INSURANCE GROUP 29,366 45,063
QUALCOMM INC 209,421 295,913
RECKITT BENCKISER GROU F 86,744 73,921
REGENERON PHARMS INC 240,446 360,977
REPSOL S A 3,682 4,975
REPUBLIC SERVICES 603,436 861,325
ROCHE HLDG AG 450,847 398,820
ROGERS COMMUN INC 30,036 31,878
ROLLINS INC 2,071 3,101
ROSS STORES INC 30,996 42,209
ROYAL BANK OF CANADA 219,940 245,240
ROYAL KPN NV 134,654 150,330
RWE AG ORD 71,779 82,937
RYOHIN KEIKAKU CO 131,040 190,199
S&P GLOBAL INC 196,122 268,277
SAFRAN 95,135 155,338
SAMPO OYJ 21,715 25,553
SANDVIK AB 77,360 96,042
SANLAM LTD 34,484 38,486
SANOFI S A 169,313 168,883
SAP SE 58,513 85,025
SASOL LIMITED 37,553 17,147
SCHLUMBERGER LTD 99,946 148,782
SCHNEIDER ELECTRIC SA 254,777 413,766
SEAGATE TECHNOLOGY HLD F 20,228 28,599
SERVICE NOW INC 203,599 294,606
SHERWIN WILLIAMS CO 83,563 119,146
SHINHAN FINL GROUP CO 162,131 173,230
SHISEIDO LTD 215,241 160,534
SHOPIFY INC 91,442 196,152
SIEMENS A G 133,013 188,202
SINGAPORE AIRLS LTD 39,027 60,511
SINGAPORE TLCM 698,204 729,302
SNAP INC 93,482 51,992
SOCIETE GENERALE 63,275 66,507
SOFTBANK GROUP CORP 91,778 105,960
SONOVA HOLDING A G 70,323 75,908
SOUTH32 LTD 198,608 192,142
SOUTHERN CO 62,341 83,232
SPARK NEW ZEALAND LTD 364,386 395,421
STANLEY BLACK & DECK 21,868 14,225
STARBUCKS CORP 85,292 97,834
STATE STREET CORP 75,164 78,157
STRYKER CORP 249,357 282,391
SUN HUNG KAI PPTYS 240,333 224,554
SUNCOR ENERGY INC 59,817 72,763
SYSCO CORP 20,879 23,987
SYSMEX CORP 205,557 202,926
TAIWAN SEMICONDUCTR 928,233 1,452,776
TAKE TWO INTERACTV 17,382 21,406
TARGET CORP 152,878 156,662
TC ENERGY CORP 157,115 141,701
TECK RESOURCES LTD 56,332 103,012
TELEDYNE TECHNOLOGIE 125,241 141,474
TELEFONICA S A 59,678 58,535
TELENOR ASA 16,685 14,627
TENARIS S A 48,483 55,651
TENCENT MUSIC ENTMT GR F 74,019 150,665
TESCO PLC 11 11
TEXAS INSTRUMENTS 271,845 307,851
THE COCA-COLA CO 806,875 799,680
THE TRADE DESK INC 45,499 42,816
TJX COMPANIES INC 325,505 411,357
T-MOBILE US INC 327,233 413,331
TOTALENERGIES SE 263,545 341,482
TOYOTA MOTOR CORP 880,727 1,108,899
TRANE TECHNOLOGIES PLC F 75,868 151,462
TRAVELERS COMPANIES 136,602 156,011
TRIP COM GROUP LTD 219,053 294,526
TRUIST FINL CORP 45,288 56,894
TWILIO INC 26,335 38,542
UBER TECHNOLOGIES INC 84,132 185,695
UBS GROUP AG 96,354 250,414
ULTA BEAUTY INC. 201,776 235,685
UNILEVER PLC 149,512 141,707
UNION PACIFIC CORP 219,962 289,340
UNITED PARCEL SRVC 216,100 225,625
UNITED RENTALS INC 15,688 55,622
UNITEDHEALTH GRP INC 698,954 925,008
UPM-KYMMENE CORP 53,216 62,051
VALE SA 157,660 188,385
VALERO ENERGY CORP 23,384 40,560
VEOLIA ENVIRONNEMENT S F 23,303 29,860
VERISK ANALYTICS INC 89,818 103,188
VERIZON COMMUNICATN 524,105 391,816
VERTEX PHARMACEUTICA 426,740 694,968
VESTAS WIND SYS AS UTD F 45,859 66,559
VINCI S A 121,537 153,284
VISA INC 748,011 931,012
VODACOM GROUP LIMITED 20,592 15,815
VOLKSWAGEN A G 170,438 134,473
VOLVO AB 173,606 245,569
W E C ENERGY GROUP INC 132,549 125,582
WALGREENS BOOTS ALLI 28,069 15,640
WALMART INC 307,884 398,855
WALT DISNEY CO 198,566 187,261
WASTE CONNECTIONSINC 66,297 99,712
WASTE MANAGEMENT INC 696,043 943,857
WEIBO CORP 118,050 70,146
WELLS FARGO & CO 91,292 123,099
WILLIAMS SONOMA 33,442 54,077
WIPRO LTD 619,660 779,544
WOLTERS KLUWER N V 30,596 57,715
WORKDAY INC 102,288 164,256
WPP PLC NEW 87,602 75,779
WW GRAINGER INC 77,263 152,479
XCEL ENERGY INC 135,735 127,844
YARA INTL ASA 15,350 14,274
YUM BRANDS INC 242,852 250,345
ZOETIS INC 243,329 288,555
ZURICH INSURANCE GROUP F 266,226 310,050
AVALONBAY CMNTYS INC 62,361 64,404
DIGITAL REALTY TRUST 56,359 56,927
VENTAS INC 154,743 165,917
A T & T INC 1,685 1,493
AEON CO LTD 195,529 229,275
AIRBNB INC 94,755 102,650
APTARGROUP INC 262,984 294,710
ARCHER-DANIELS-MIDLN 208,566 228,071
ASTRAZENECA PLC 266,289 315,602
BAKER HUGHES CO. 58,124 70,103
BANCO SANTANDER-CHILE 30,440 32,997
BASF SE 84,542 90,021
BORG WARNER INC 66,887 65,211
BRF SA 28,405 32,835
BRIGHT HORIZON FAM 2,972 3,487
C A E INC 46,501 46,116
CARDINAL HEALTH INC 196,105 243,432
CELANESE CORP 57,230 81,880
CF INDUSTRIES HLDG 171,925 163,055
CHURCH & DWIGHT CO INC I 158,105 169,168
COCHLEAR LTD 36,985 45,220
COHERENT CORP 32,736 22,592
COMPANHIA DE SANEAMENT F 4,756 8,148
COMPASS GROUP PLC 131,574 157,627
CYBERARK SOFTWRE LTD 39,914 74,258
DNB BANK ASA 105,912 123,275
DUKE ENERGY CORP 399,152 432,701
DUPONT DE NEMOURS INC IA 59,532 68,929
ELBIT SYSTEMS LTD 57,424 75,064
ELEVANCE HEALTH INC 180,595 229,650
EMBECTA CORP 57 38
ENTEGRIS INC 38,763 45,052
EPIROC AKTIEBOLAG 88,368 92,660
F T I CONSULTING INC 68,220 87,825
FIDELITY NATL INFO 44,455 49,498
FORTESCUE METLS 40,592 73,340
GEN DIGITAL INC 174,891 193,902
GO DADDY GROUP INC 15,503 15,924
GOODYEAR TIRE RUBBER 32,106 39,380
GSK PLC ADR 44,543 38,246
H WORLD GROUP LIMITED 81,659 100,888
HASBRO INC 82,293 47,588
ICL GROUP LTD 46,902 40,796
INPEX CORP 123,510 155,197
INTERPUBLIC GRP COS 50,060 51,212
J B HUNT TRANSPORT 20,978 24,768
KORNIT DIGITAL LTD. 31,009 10,538
LEAR CORP 59,053 58,885
LENOVO GROUP LTD 137,522 242,052
LYFT INC 3,627 4,722
MACQUARIE BANK LIMITED F 83,854 105,282
MERCEDES-BENZ GROUP 248,217 252,049
MIZUHO FINL GROUP 504,398 721,351
NATWEST GROUP PLC 45,693 42,963
NORSK HYDRO A S 124,899 135,384
OMNICOM GROUP INC 33,822 38,756
OWENS CORNING FIBERGLAS 81,615 110,283
PARAMOUNT GLOBAL 39,278 25,971
PING AN INS GROUP CO C F 330,510 235,629
PRUDENTIAL FINL 160,669 159,921
RALPH LAUREN CORP 31,285 47,442
RAYMOND JAMES FINL 93,933 111,723
SALESFORCE INC 261,894 442,865
SANTOS LTD 161,192 164,719
SHELL PLC 311,746 433,293
SHOCKWAVE MEDICAL INC 1,267 1,143
SNAM S P A 33,401 34,557
TAPESTRY INC 30,542 39,902
TARGA RESOURCES CORP 31,781 40,395
TEREX CORP 30,563 53,553
THE MOSAIC CO 35,238 20,366
TORONTO DOMINION BANK 46,377 61,324
TRADEWEB MKTS INC 32,093 46,985
TREND MICRO INC 172,962 189,979
WARNER BROTHERS DISCOVER 17,702 15,682
WOODSIDE ENERGY GROUP 256,370 221,782
ZALANDO SE 46,815 32,218
CAMDEN PROPERTY TR 243,486 197,488
EQUINIX INC 49,732 53,961
PROLOGIS INC. 41,427 47,322
REALTY INCOME CORP 405,104 387,470
WEYERHAEUSER CO 110,158 108,830
AMDOCS LIMITED 66,942 77,080
BROADRIDGE FINL SOLU 43,949 48,146
CAMPBELL SOUP CO 172,581 149,360
ERIE INDEMNITY CO 109,654 151,049
F5 INC 114,686 125,823
MURPHY USA INC 2,683 7,488
NEUROCRINE BIOSCIENC 156,682 216,745
THOMSON REUTERS CORP 131,331 181,605
VERISIGN INC 56,473 56,227
AGNICO EAGLE MINES 13,386 16,565
COMMVAULT SYSTEMS 27,748 31,461
IDACORP INC 17,396 16,616
IDEX CORP 44,415 44,508
LIXIL CORP 75,578 61,404
MADISON SQUARE GARDEN CO 6,058 7,091
PNM RES INC 247,718 217,901
ROYAL GOLD INC 37,824 43,304
SIRIUS XM HLDGS INC 44,643 65,656
AJINOMOTO INC 52,092 51,720
ARCH CAP GROUP LTD F 15,472 14,037
CHUNGHWA TELECOM CO LT 725,698 765,459
EAST JAPAN RAILWAY 68,416 69,635
EVEREST GROUP LTD F 15,498 13,790
FUJIFILM HLDGS CORP 158,945 157,893
INGREDION INC 48,427 51,986
KELLANOVA 238,496 212,234
KRAFT HEINZ CO 60,231 62,200
M D U RESOURCES GRP 10,060 9,999
MARKEL GROUP INC 51,842 52,536
MONSTER BEVERAGE CORPORA 15,123 16,131
NEWMARKET CORPORATN 15,767 19,104
OTSUKA HLDGS CO LTD 158,854 154,302
PINNACLE WEST CAP 16,309 15,158
SWISSCOM 85,871 86,659
UOL GROUP LIMITED 54,627 56,392
WK KELLOGG CO 65 53
ABBOTT LABORATORIES 468,380 486,730
ADIDAS AG 63,821 88,639
AEGON LTD ADR 38,942 51,466
AIRBUS SE 40,494 51,221
ALCOA CORP 42,129 35,224
ANGLOGOLD ASHANTI PLC 31,101 27,381
ANNALY CAPITAL MGMT 51,555 48,231
ANZ GROUP HOLDINGS LTD 44,473 49,276
APA CORP 44,425 37,602
APELLIS PHARMACEUTICALS 5,543 7,542
ARES MANAGEMENT CORP 43,859 49,827
ASPEN TECHNOLOGY INC 61,469 78,153
ASSURED GUARANTY LTD 45,106 62,558
ATLASSIAN CORP CLASS A 52,681 99,663
AVERY DENNISON CORP 44,488 49,125
BANK OF AMERICA CORP 398,982 419,697
BAYER AG 45,187 29,942
BEST BUY CO INC 13,303 12,447
BNP PARIBAS 178,857 197,115
CABOT CORP 45,188 56,279
CARLISLE CO 43,698 49,676
CASEYS GEN STORES 103,290 129,952
CENCORA INC 327,988 369,068
CERIDIAN H C M HOLDING I 44,190 40,004
COMCAST CORP CLASS A 208,320 223,810
COMPANHIA PARANAENSE D 48,007 69,842
CRH PUBLIC LIMITED CO F 168,046 245,380
CROWDSTRIKE HLDGS INC 50,472 87,064
CROWN CASTLE INC 44,824 46,076
DHL GROUP 68,745 93,596
DICKS SPORTING GOODS 2,504 3,233
DOORDASH INC 74,085 99,780
ECOLAB INC 70,914 94,415
EDP-ENERGIAS DE PORTUG 77,263 85,856
EISAI CO LTD 121,135 130,331
ENEL CHILE S A 45,328 44,249
ENGIE SA 92,289 101,553
EPAM SYSTEMS INC 8,899 12,191
EQUITABLE HLDGS INC 44,934 51,315
ESSILOR INTL S A 96,013 119,986
ESTEE LAUDERCO INC 113,101 74,441
EXACT SCIENCES CORPORATI 3,980 4,439
EXLSERVICE HOLDINGS 44,889 46,121
F M C CORP 49,918 28,940
FAIR ISAAC INTL CORP 17,779 19,788
FIRSTENERGY CORP 129,221 121,968
FORTIVE CORP DISC 44,244 42,853
GINKGO BIOWORKS HLDGS IN 562 527
GITLAB INC 958 1,196
HF SINCLAIR CORP 15,971 14,615
HOYA CORP 266,913 280,419
HUNTINGTON BANCSHS 44,908 53,411
HYATT HOTELS 44,861 55,033
INDEPENDENCE REALTY 41,479 41,876
INDUSTRIAL & COMMERCIA 214,349 213,743
INTESA SANPAOLO SPA 45,856 50,568
INTL BANCSHARES CORP 51,168 61,490
INTL FLAVORS& FRAGRA 45,161 52,873
IRON MTN INC NEW 44,663 48,916
JACOBS SOLUTIONS INC 44,991 43,613
KBR INC 45,231 38,455
KIMCO REALTY CORP 44,681 49,887
KINROSS GOLD CORP F 3,058 4,235
KONINKLIJKE PHILIPS N 41,334 61,778
LOGITECH INTL S A F 57,308 99,623
LUCID GROUP INC 57,531 39,641
LYONDELLBASELL INDS F 45,183 47,825
MANULIFE FINL F 45,122 53,195
MKS INSTRUMENTS INC 44,102 43,720
MONGODB INC 66,770 72,775
MUNICH RE GROUP 45,152 52,575
NOKIA OYJ 116,628 92,966
NORDEA BANK AB 20,127 31,991
NORTHROP GRUMMAN CO 379,066 389,024
NUTANIX INC CLASS A 8,964 14,975
NVENT ELECTRIC PLC F 149,339 184,361
OMEGA HLTHCARE INVTS 61,316 64,171
OMRON CORP 104,338 102,674
ORSTED A S 15,887 11,003
OVINTIV INC 44,000 40,319
PANASONIC CORP 218,291 181,450
PHINIA INC 23 30
PORTLAND GENERL ELEC 78,320 70,818
PRIMERICA INC 45,343 48,148
PURE STORAGE INC 44,268 43,363
RB GLOBAL INC F 45,694 57,525
REINSURANCE GP AMER 161,963 171,972
RELIANCE STL & ALUMI 60,595 64,606
RENESAS ELECTRS CO 72,423 70,912
REPLIGEN CORP 45,046 53,580
RESTAURANT BRANDS F 44,956 46,175
RIVIAN AUTOMOTIVE INC 50,290 80,163
ROLLS-ROYCE HOLDINGS P 43,533 59,229
RTX CORP 81,795 89,273
SANDOZ GROUP AG 16,242 22,055
SEALED AIR CORP 45,297 46,855
SENDAS DISTRIBUIDORA 87,154 86,472
SMITH & NEPHEW GROUP P 3,041 2,646
SNOWFLAKE INC CLASS A 77,387 87,560
SOLAREDGE TECH 63,439 23,400
STANTEC INC 45,069 53,487
STMICROELECTRONICS NV 51,755 53,940
SUMITOMO MITSUI FINL00 522,889 601,225
SUN LIFE FINL F 125,623 137,273
THE CIGNA GROUP 89,686 110,497
TRACTOR SUPPLY COMP 77,146 75,045
UNICREDIT SPA 89,995 120,455
UNIVERSAL DISPLAY CO 44,448 52,023
VEEVA SYSTEMS INC 45,397 42,739
VERALTO CORP 33,448 37,922
VONOVIA SE 76,142 93,762
WABTEC 106,750 130,961
WAL-MART DE MEXICO S A 104,044 112,559
WYNN RESORTS 41,712 35,624
ZTO EXPRESS CAYMAN INC 158,340 128,773

TY 2023 InvestmentsOtherSchedule2
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GOLUB CAPITAL PARTNERS INT'L 12 LP AT COST 2,569,316 3,715,336
OCA VENBIO III SEGREGATED PORTFOLIO AT COST 2,932,128 4,045,835
SCGE OFFSHORE FUND LP AT COST 1 1,007,391
OCA CMTG LLC AT COST 5,002,873 3,549,959
NEW MOUNTAIN NET LEASE AT COST 2,861,476 4,176,870
RA CAPITAL HEALTHCARE INTERNATIONAL AT COST 0 120,148
OCA LCP IX SEGREGATED PORTFOLIO AT COST 5,199,118 7,319,675
SRA PRIVATE EQUITY PORTFOLIO IV AT COST 12,519,900 16,377,122
DK LT DISTR OPP INT'L V LP AT COST 2,377,356 2,112,941
SRA PRIVATE EQUITY PORTFOLIO V AT COST 15,589,357 15,983,531
SRA PRIVATE EQUITY PORTFOLIO VI AT COST 856,504 814,460
CARBON DIRECT II FUND LP AT COST 242,359 258,273

TY 2023 LandEtcSchedule2
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
WEBSITE DESIGN 171,731 62,014 109,717 109,717


TY 2023 LegalFeesSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 19,383 9,692 0 9,691


TY 2023 OtherAssetsSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CASH IN TRANSIT 103,563 30,038 30,038


TY 2023 OtherExpensesSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSE 54,996 27,498 0 27,498
INVESTMENT EXPENSES - PARTNERSHIPS 1,520,475 1,520,403 0 0
UNDERPAYMENT PENALTY 280 0 0 0
FILING FEE 820 0 0 820
AMORTIZATION 57,244 0   0


TY 2023 OtherLiabilitiesSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Description Beginning of Year - Book Value End of Year - Book Value
DUE TO FRANCHISE TAX BOARD 1,598 1,423


TY 2023 OtherProfessionalFeesSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 1,790,568 0 0 1,790,568
FEES & DUES 9,800 0 0 9,800
OUTSIDE HELP 476,471 0 0 476,471
INVESTMENT FEES 1,041,989 1,041,989 0 0


TY 2023 TaxesSchedule
Name:
THE HEARTHLAND FOUNDATION
 
C/O BRESLAUER RUTMAN & ANDERSON INC
EIN:
95-4016320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 10,000 0 0 0
FOREIGN TAX 201,820 201,820 0 0
FRANCHISE TAX 2,940 0 0 0