Hedco Foundation
HEDCO Foundation is a private foundation based in Danville, California, incorporated in 1972 and designated as a 501(c)(3) organization. The foundation has been tax-exempt since March 1973. It operates as a philanthropic organization focused on supporting initiatives across education, health care, public safety, and community development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.0M
-13.3% YoY
Annual Giving
$2.0M
+46.2% YoY
Grant Count
32
+39.1% YoY
Avg Grant Size
$64K
+5.1% YoY
Under IRS private-foundation payout rules, Hedco Foundation reported a distributable amount of $411K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a diverse range of charitable purposes including:
- Education: Higher education and university education programs
- Health Care: In-patient and out-patient medical care, hospital care, children's hospital care, mental health care, and disease-specific initiatives including cancer research
- Public Safety: Crime prevention and law enforcement support through police agencies
- Community Development: Housing development and community and economic development initiatives
- Human Services: Food banks, food aid, family services, and basic emergency assistance
- Homelessness: Programs aimed at ending homelessness
- Youth Services: Support for low-income youth
Grantmaking
Grant Range
& Distribution:**
Average Grant
amount: approximately $55,800
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Geographic Focus
Where this funder awards grants
The foundation primarily funds initiatives in:
- California
- Oregon
- Washington
- Texas
The foundation has supported projects in major cities including Los Angeles, San Francisco, and Portland.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023-2024):
- Total Assets: $9,276,021 - $9,280,000
- Total Annual Giving: $1,499,516 - $2,037,485
- Total Revenue: $643,189
- Total Expenses: $1,879,774
- Total Liabilities: $2,040,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,038,190 | $9,276,021 | $9,873,544 |
| Revenue | $1,138,176 | $643,189 | $790,905 |
| Expenses | $2,377,776 | $1,879,774 | $1,814,005 |
| Qualifying Distributions | $2,141,462 | $1,499,516 | $2,220,633 |
| Net Investment Income | $1,094,297 | $597,606 | $738,449 |
| Distributable Amount | $410,734 | $458,415 | $538,711 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
162 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Blanchet House of Hospitality ($100,000), Loma Linda University Medical Center ($100,000), Marin General Hospital Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLIANCE FOR SMILES INC SAN FRANCISCO, CA | ALLIANCE FOR SMILES (AFS) SENDS MEDICAL TEAMS, PROVIDES TRAINING AND SUPPORT TO FOREIGN LOCATIONS TO OFFER FREE MEDICAL SERVICES TO INDIGENT CHILDREN WITH UNTREATED CLEFT LIPS AND PALATES. | $45,687 |
| BAY AREA RESCUE MISSION RICHMOND, CA | TO MEET THE PHYSICAL NEEDS OF THE POOR AND NEEDY AND TO SHARE THE GOSPEL OF JESUS CHRIST. | $96,348 |
| BLANCHET HOUSE OF HOSPITALITY PORTLAND, OR | ON A MISSION TO ALLEVIATE SUFFERING AND OFFER HOPE FOR A BETTER LIFE BY SERVING ESSENTIAL AID WITH DIGNITY. | $100,000 |
| CALIFORNIA CAREFORCE ROSEVILLE, CA | SERVE MANKIND BY PROVIDING FREE DENTAL, VISION,AND MEDICAL CARE AS WELL AS HEALTHCARE EDUCATION TO PEOPLE IN NEED IN THE COMMUNITIES OF CALIFORNIA. HEALTHCARE SERVICES ARE PROVIDED SOLELY BY VOLUNTEERS. | $69,299 |
| COLUMBIA LAND TRUST VANCOUVER, WA | TO CONSERVE SIGNATURE LANDSCAPES AND VITAL HABITAT OF THE COLUMBIA RIVER REGION. | $50,000 |
| DESCHUTES BASIN LAND TRUST BEND, OR | TO PRESERVE AND ENHANCE NATURAL ECOSYSTEMS, SCENIC AREAS, OPEN SPACES, FISH AND WILDLIFE HABITAT WITHIN DESCHUTES BASIN. | $5,897 |
| FRESH START SURGICAL GIFTS CARLSBAD, CA | TO TRANSFORM THE LIVES OF DISADVANTAGED CHILDREN & YOUNG PEOPLE WITH PHYSICAL DEFORMITIES. | $41,600 |
| GEORGE MARK CHILDREN'S HOUSE SAN LEANDRO, CA | AS THE FIRST FREE-STANDING PEDIATRIC PALLIATIVE CARE CENTER IN THE UNITED STATES, GEORGE MARK CHILDRENS HOUSE OFFERS COMPREHENSIVE, COMPASSIONATE, LIFE-AFFIRMING CARE TO CHILDREN FACING A LIFE-LIMITING DIAGNOSIS. | $32,000 |
| HOMEBOY INDUSTRIES LOS ANGELES, CA | PROVIDES HOPE, TRAINING & SUPPORT TO PREVIOUSLY INCARCERATED & FORMERLY GANG INVOLVED PEOPLE. | $54,735 |
| LA LUZ CENTER SONOMA, CA | TO SUPPORT LATINO INDIVIDUALS AND FAMILIES IN SONOMA VALLEY TO ATTAIN THEIR DREAMS AND ASPIRATIONS BY PROVIDING ACCESS TO KNOWLEDGE, SKILL BUILDING, AND RESOURCES. | $56,555 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Derek Jernstedt - Executive Director & Director (8 hours/week, $60,753 compensation)
- Dorothy Jernstedt - President & Director (1 hour/week)
- David Dornsife - Chief Financial Officer & Director (1 hour/week)
- Rena Brantley - Secretary & Director (1 hour/week)
- Allen Dobbins - Director (1 hour/week)
- Tom Herman - Director (1 hour/week)
- Roger Schwab - Director (1 hour/week)
- Robert Lowitz, MD - Director (1 hour/week)
Additional staff include a Foundation Manager and Assistant Foundation Manager.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEREK JERNSTEDT | EXECUTIVE DIRECTOR & DIRECTOR | 8 | $60,975 |
| ROGER SCHWAB | CHIEF FINANCIAL OFFICER & DIRECTOR | 1 | — |
| DOROTHY JERNSTEDT | PRESIDENT & DIRECTOR | 1 | — |
| RENA BRANTLEY | SECRETARY & DIRECTOR | 1 | — |
| DAVID DORNSIFE | DIRECTOR | 1 | — |
| ALLEN DOBBINS | DIRECTOR | 1 | — |
| TOM HERMAN | DIRECTOR | 1 | — |
| ROBERT LOWITZ MD | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported significant educational initiatives, including grants to institutions focused on teacher education and K-12 connections. The foundation has been involved in supporting research programs at educational institutions and has made leadership gifts to expand educational clinics and services.
HEDCO Foundation Grant Supports Research | Westmont CollegeFrequently Asked Questions
What does Hedco Foundation fund?
The foundation supports a diverse range of charitable purposes including: • **Education**: Higher education and university education programs • **Health Care**: In-patient and out-patient medical care, hospital care, children's hospital care, mental health care, and disease-specific initiatives including cancer research • **Public Safety**: Crime prevention and law enforcement support through police agencies • **Community Development**: Housing development and community and economic development…
How do I apply for a grant from Hedco Foundation?
**Grant Size & Distribution:** • Typical grant awards range from $3,652 to $100,000 • Median grant amount: $50,000 • Average grant amount: approximately $55,800 **Recent Activity:** • Awarded 60 grants in the most recent reporting period • Total giving: $2,037,485 (based on 2024 filing) • Giving rate: 15.7% of assets **Grant Programs Include:** • Housing and community development initiatives (averaging $97,199 per grant) • Programs to end homelessness (averaging $79,625 per grant) • Agricultura…
Where does Hedco Foundation make grants?
The foundation primarily funds initiatives in: • California • Oregon • Washington • Texas The foundation has supported projects in major cities including Los Angeles, San Francisco, and Portland.
What size grants does Hedco Foundation award?
In 2024, Hedco Foundation awarded 32 grants totaling $2.0M — an average of about $64K per grant, based on its IRS Form 990 filings.
How much is Hedco Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hedco Foundation reported a distributable amount of $411K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hedco Foundation's EIN?
Hedco Foundation's EIN (Employer Identification Number) is 23-7259742. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hedco Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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