THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA, WHEN FUNDING FROM PUBLIC AND OTHER SOURCES IS INADEQUATE TO PROVIDE HIGH QUALITY EDUCTIONAL PROGRAMS AND OPPORTUNITIES FOR THE CHILDREN OF THE COMMUNITY. USES FOR THIS FINANCIAL SUPPORT WOULD INCLUDE, BUT NOT BE LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, THE PURCHASE OF BOOKS, SPECIALIZED EQUIPMENT AND OTHER ACEDEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHIEVE THIS GOAL, THE FOUNDATION HAS ESTABLISHED AND MANAGES THE FRED SCHWARTZ ENDOWMENT FUND AS A SUPPLEMENTAL FINANCIAL RESOURCE FOR THE BENEFIT OF THE HILLSBOROUGH PUBLIC SCHOOLS.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$22.4M
+8.7% YoY
Annual Giving
$5.0M
+27.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$2.5M
+27.3% YoY
About Hillsborough Schools Foundation
Based on IRS filings
Hillsborough Schools Foundation is a nonprofit organization focused on Education, based in HILLSBOROUGH, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $22.4M in total assets. In 2025, it awarded 2 grants totaling $5.0M. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $22,415,709 | $20,620,075 | $18,448,776 |
| Revenue | $5,893,210 | $7,584,123 | $5,343,720 |
| Expenses | $5,728,131 | $4,708,091 | $4,786,130 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,199,223 | $2,915,222 | $540,734 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Hillsborough City School District ($4,950,980), Associated Parents - Hcsd ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HILLSBOROUGH CITY SCHOOL DISTRICT HILLSBOROUGH, CA | GENERAL SUPPORT | $4,950,980 |
| ASSOCIATED PARENTS - HCSD HILLSBOROUGH, CA | GENERAL SUPPORT | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA DUFFELL | PRESIDENT | 20 | — |
| NISHA AHLUWALIA | PRESIDENT-ELECT | 2 | — |
| GREG LEONARD | TREASURER | 4 | — |
| MEGAN GERMACK | SECRETARY & GOVERNANCE | 2 | — |
| CINDY PANCHULA | PAST PRESIDENT | 2 | — |
| ERIN SCHAEFER | CHAIR, ANNUAL GIVING CAMPAIGN | 8 | — |
| TAL SIMON | CO-CHAIR, AUDIT & ENDOWMENT | 2 | — |
| DEEPAK SARPANGAL | CO-CHAIR, AUDIT & ENDOWMENT | 2 | — |
| NIDHI DASH | CO-CHAIR, COMMUNICATIONS | 4 | — |
| JULIE KAVANAGH | CO-CHAIR, COMMUNICATIONS | 4 | — |
| STEPHANIE CANTWELL | CHAIR, COMMUNITY CAMPAIGN, LEGACY | 2 | — |
| JACKIE HSU | CHAIR, CORPORATE OUTREACH | 2 | — |
| TING YANG | CO-CHAIR, EVENTS | 3 | — |
| NATALIE KAO | CO-CHAIR, EVENTS | 3 | — |
| TERI KIL | CHAIR, NOMINATING | 2 | — |
| AMY REISENBERG | CO-CHAIR, PARENT CAMPAIGN | 3 | — |
| EMILY OU | CO-CHAIR, PARENT CAMPAIGN | 3 | — |
| SARA HESTON | CHAIR, PERSONNEL | 2 | — |
| ERIC DAVIDSON | CHAIR, SCHOLAR'S CIRCLE | 2 | — |
| KRISTEN GASIOR | CHAIR, STRATEGIC PLANNING | 2 | — |
| SHELBY VAN DOREN | ASSOCIATED PARENTS' GROUPS PRESIDENT | 2 | — |
| ALICIA ISERO | EXECUTIVE DIRECTOR | 40 | $178,625 |
| GILBERT WAI | SCHOOL BOARD LIAISON | — | — |
| ANA DE ARCE | SUPERINTENDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hillsborough Schools Foundation?
Hillsborough Schools Foundation is a nonprofit organization focused on Education, based in HILLSBOROUGH, CA. It holds $22.4M in total assets as of 2025.
How large is Hillsborough Schools Foundation?
As of 2025, Hillsborough Schools Foundation holds $22.4M in total assets with $5.9M in annual revenue. It awarded 2 grants totaling $5.0M in 2025.
Where does Hillsborough Schools Foundation operate?
Hillsborough Schools Foundation has awarded grants in California.
What size grants does Hillsborough Schools Foundation award?
In 2025, Hillsborough Schools Foundation awarded 2 grants totaling $5.0M — an average of about $2.5M per grant, based on its IRS Form 990 filings.
What is Hillsborough Schools Foundation's EIN?
Hillsborough Schools Foundation's EIN (Employer Identification Number) is 94-2634550. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Hillsborough Schools Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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