The Herbold Foundation is a private foundation based in Phoenix, Arizona, established in 2003. It operates as a 501(c)(3) organization with tax-exempt status since April 2003. The foundation focuses on providing fellowships to graduate students and supporting 501(c)(3) nonprofits across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.0M
+5.0% YoY
Annual Giving
$599K
+0.0% YoY
Grant Count
25
+13.6% YoY
Avg Grant Size
$24K
-12.0% YoY
Mission & Focus Areas
The foundation's primary focus is to provide fellowships to exceptionally talented graduate students majoring in engineering, computer science, and data science. Approximately 50% of annual disbursements fund fellowships at hand-selected universities, with each school receiving support for 7 to 12 Masters or PhD students. The remaining 50% of annual disbursements support 501(c)(3) nonprofits in a variety of areas.
The foundation does not accept unsolicited proposals. Universities and nonprofits are selected by the Foundation's Board.
Grantmaking
The foundation operates on a preselected basis only and does not entertain proposals. Universities and nonprofits are selected directly by the Foundation's Board.
Grant Range
$1,000–$75,000
Average Grant
amount varies by year
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports organizations and universities across multiple U.S. states and cities, including:
- Arizona
- California
- District of Columbia
- Ohio
- Virginia
- Tennessee
- Minnesota
- Kentucky
- New York
- Washington
Specific cities supported include Alexandria, Cincinnati, Cleveland, and Seattle.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $9,016,328
- Total revenues: $1,115,765
- Total expenses: $685,706
- Total giving: $599,000
Assets & Revenue (2023):
- Total assets: $8,589,375
- Total revenues: $482,746
- Total expenses: $683,778
Investment Income:
- 2024: $203,439
- 2023: $194,724
The foundation has one employee on staff and maintains an expense ratio of 141.6% of total revenue.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,016,328 | $8,589,375 | $8,790,584 |
| Revenue | $1,115,765 | $482,746 | $696,897 |
| Expenses | $685,706 | $683,778 | $754,053 |
| Qualifying Distributions | $681,841 | $679,335 | $739,621 |
| Net Investment Income | $1,113,149 | $280,569 | $494,825 |
| Distributable Amount | $804,042 | $680,243 | $678,127 |
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
124 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Donna M. Herbold – Executive Director (20 hours/week, $64,000 annual compensation)
- Robert J. Herbold – President/Treasurer (10 hours/week, no compensation)
- Patricia L. Herbold – Vice President & Secretary (10 hours/week, no compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONNA M HERBOLD | EXECUTIVE DIRECTOR | 20 | $64,250 |
| ROBERT J HERBOLD | PRESIDENT/TREASURER | 10 | — |
| PATRICIA L HERBOLD | VP & SECRETARY | 10 | — |
Recent News & Activity
Recent developments and announcements
Fred Hutch received a $2 million gift to endow the Bob and Pat Herbold Computational Biology Chair for the Herbold Computational Biology Program (2024)
Fred Hutch receives $2M gift to endow the Bob and Pat Herbold ComputationalCase Western Reserve University received a $1.5 million commitment from alumnus Bob Herbold for graduate student scholarships as part of a new engineering institute initiative
Alumnus, former Microsoft COO Bob Herbold commits $1.5 million to graduateThe University of Arizona features Herbold Fellowships supporting graduate students applying data science to diverse areas
Alumnus, former Microsoft COO Bob Herbold commits $1.5 million to graduateSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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