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← HEIFER INTERNATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by HEIFER INTERNATIONAL FOUNDATION.

Totals

Total revenue
$12,249,830
Total expenses
$9,413,624
Contributions and grants received
$2,909,779
Grants paid
$5,169,531
Program service revenue
$0
Investment income
$9,340,051
Other revenue
$0
Total assets, end of year
$226,175,769
Total liabilities, end of year
$21,872,482
Net assets or fund balances, end of year
$204,303,287
Program services expenses (Part IX)
$5,407,055
Management and general expenses
$4,006,569
Fundraising expenses
$0
Program service expenses (Part III)
$5,407,055

Program services were 57.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $117,899

  • 1f · All other contributions, gifts and grants

    $2,791,880

  • 1g · Noncash contributions included above

    $798,350

  • 3 · Investment income

    total $2,551,278 · excluded $2,551,278

  • 7a · Gross sales of assets other than inventory

    securities $89,319,638

  • 7b · Less cost or other basis and sales expenses

    securities $82,530,865

  • 7c · Gain or loss

    securities $6,788,773

  • 7d · Net gain or loss

    total $6,788,773 · excluded $6,788,773

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,531,771 · program services $4,531,771

  • 3 · Grants to foreign organizations and individuals

    total $637,760 · program services $637,760

  • 5 · Compensation of officers, directors and key employees

    total $704,874 · program services $36,785 · management and general $668,089

  • 7 · Other salaries and wages

    total $937,734 · program services $49,427 · management and general $888,307

  • 8 · Pension plan contributions

    total $58,771 · program services $2,972 · management and general $55,799

  • 9 · Other employee benefits

    total $121,766 · program services $6,799 · management and general $114,967

  • 10 · Payroll taxes

    total $105,382 · program services $4,604 · management and general $100,778

  • 11b · Fees: legal

    total $47,754 · management and general $47,754

  • 11c · Fees: accounting

    total $50,136 · management and general $50,136

  • 11f · Fees: investment management

    total $1,393,060 · management and general $1,393,060

  • 11g · Fees: other

    total $154,009 · management and general $154,009

  • 12 · Advertising and promotion

    total $1,502 · program services $45 · management and general $1,457

  • 13 · Office expenses

    total $243,479 · program services $44,570 · management and general $198,909

  • 16 · Occupancy

    total $50,216 · program services $4,239 · management and general $45,977

  • 17 · Travel

    total $182,116 · program services $39,763 · management and general $142,353

  • 19 · Conferences, conventions and meetings

    total $46,839 · program services $43,319 · management and general $3,520

  • 22 · Depreciation, depletion and amortization

    total $7,086 · program services $598 · management and general $6,488

  • 23 · Insurance

    total $50,177 · management and general $50,177

  • 24a · Other expenses: PERSONNEL EXPENSES

    total $33,503 · program services $1,989 · management and general $31,514

  • 24b · Other expenses: MEMBERSHIPS & FEES

    total $30,866 · program services $1,752 · management and general $29,114

  • 24c · Other expenses: OTHER EXPENSES

    total $17,071 · program services -$238 · management and general $17,309

  • 24d · Other expenses: EQUIPMENT

    total $7,752 · program services $900 · management and general $6,852

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,106,734 · end of year $2,921,796

  • 2 · Savings and temporary cash investments

    beginning of year $2,493,430 · end of year $2,406,708

  • 3 · Pledges and grants receivable

    beginning of year $236,427 · end of year $877,835

  • 4 · Accounts receivable

    beginning of year $170,230 · end of year $184,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,367 · end of year $32,920

  • 10a · Land, buildings and equipment: cost or other basis

    $137,850

  • 10b · Land, buildings and equipment: accumulated depreciation

    $119,084

  • 10c · Land, buildings and equipment, net

    beginning of year $25,852 · end of year $18,766

  • 11 · Investments: publicly traded securities

    beginning of year $156,034,986 · end of year $158,033,050

  • 12 · Investments: other securities

    beginning of year $51,337,815 · end of year $58,026,473

  • 15 · Other assets

    beginning of year $4,540,183 · end of year $3,673,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,017,099 · end of year $1,570,352

  • 25 · Other liabilities

    beginning of year $19,071,315 · end of year $20,302,130

  • 27 · Net assets without donor restrictions

    beginning of year $39,840,221 · end of year $43,717,483

  • 28 · Net assets with donor restrictions

    beginning of year $156,103,389 · end of year $160,585,804

Mission and programs · 2024

Mission

TO RAISE AND OVERSEE FINANCIAL ASSETS TO SUPPORT THE WORK OF HEIFER PROJECT INTERNATIONAL.

Activities or mission (Part I)

HEIFER INTERNATIONAL FOUNDATION'S MISSION IS TO RAISE AND OVERSEE FINANCIAL ASSETS TO SUPPORT THE WORK OF HEIFER PROJECT INTERNATIONAL.

  • HEIFER INTERNATIONAL FOUNDATION'S (FOUNDATION) MISSION IS TO RAISE AND OVERSEE FINANCIAL ASSETS TO SUPPORT THE MISSION OF HEIFER PROJECT INTERNATIONAL (HPI), AN UNRELATED 501(C)(3) PUBLIC CHARITY. HPI'S MISSION INCLUDES SUPPORTING DOMESTIC AND OVERSEAS COMMUNITIES TO END WORLD HUNGER AND POVERTY AND TO CARE FOR THE EARTH. THE FOUNDATION SUPPORTS HPI'S MISSION PRIMARILY THROUGH GRANTMAKING. DURING THE YEAR-ENDED JUNE 30, 2025, THE FOUNDATION MADE GRANTS TO HPI OF $4,531,771 AND TO HPI'S CONTROLLED FOREIGN ORGANIZATIONS OF $637,760.

    Expenses $5,169,531 · Grants $5,169,531

  • HEIFER INTERNATIONAL FOUNDATION (FOUNDATION) EDUCATES INDIVIDUAL DONORS ABOUT HOW PLANNED CHARITABLE GIVING SUPPORTS BOTH HEIFER PROJECT INTERNATIONAL'S MISSION AS WELL AS THE MISSION OF OTHER 501(C)(3) ORGANIZATIONS. IN THE FISCAL YEAR-ENDED JUNE 30, 2025, THE FOUNDATION EDUCATED 590,694 INDIVIDUALS.

    Expenses $237,524

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth Bawden

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Alexander

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Buckley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Martha Brantley

    TRUSTEE (UNTIL 12/24)

    Total calculated
    $0
    Hours/week
    1

  • Stephen Butler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Teresa Dunbar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Grant

    TRUSTEE (UNTIL 2/25)

    Total calculated
    $0
    Hours/week
    1

  • Randi Hedin

    TRUSTEE (STARTING 2/25)

    Total calculated
    $0
    Hours/week
    1

  • Alex Tee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Weindruch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Dempsey

    PRESIDENT AND CEO (STARTING 1/25)

    Total calculated
    $0
    Hours/week
    41

  • Debbie McCullough

    VP PLANNED GIVING

    Total calculated
    $224,594
    From this org
    $192,549
    From related orgs
    $0
    Other
    $32,045
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $192,168
    Bonus
    $0
    Other
    $381
    Deferred
    $13,682
    Nontaxable benefits
    $18,363
    Filer's total
    $224,594

  • Katherine St Amour

    VP OF INVEST & FINANCE, TREASURER

    Total calculated
    $192,329
    From this org
    $177,953
    From related orgs
    $0
    Other
    $14,376
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $177,923
    Bonus
    $0
    Other
    $30
    Deferred
    $12,455
    Nontaxable benefits
    $1,921
    Filer's total
    $192,329

  • Amy Dieringer

    VICE PRESIDENT OF PEOPLE & CULTURE

    Total calculated
    $141,672
    From this org
    $116,992
    From related orgs
    $0
    Other
    $24,680
    Hours/week
    41

  • Somerset Sea

    DIRECTOR OF FINANCE

    Total calculated
    $155,648
    From this org
    $126,909
    From related orgs
    $0
    Other
    $28,739
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,879
    Bonus
    $0
    Other
    $30
    Deferred
    $9,257
    Nontaxable benefits
    $19,482
    Filer's total
    $155,648

  • Ardyth Neill

    FORMER PRESIDENT

    Total calculated
    $252,246
    From this org
    $233,982
    From related orgs
    $0
    Other
    $18,264
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $108,283
    Bonus
    $0
    Other
    $125,699
    Deferred
    $7,815
    Nontaxable benefits
    $10,449
    Filer's total
    $252,246

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
DURING CALENDAR YEAR 2024, ARDYTH NEILL RECEIVED A SEVERANCE PAYMENT OF $125,699. THIS PAYMENT WAS MADE IN CONSIDERATION FOR SERVICE TO HEIFER INTERNATIONAL FOUNDATION AS FORMER PRESIDENT AND STRATEGIC ADVISOR. THE SPECIFIC TERMS AND CONDITIONS OF THE SEVERANCE AGREEMENT ARE AVAILABLE UPON REQUEST.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (22)

    INVESTMENT · AR · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202503069349300260

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