Hillsborough Schools Foundation
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.
Hillsborough Schools Foundation at a glance
In short: Hillsborough Schools Foundation gave $5.0M across 2 grants in 2025 (avg $2.5M), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,980,980
- +27.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $2,490,490
- +27.3% vs 2024
- Median grant
- $2,490,490
- Total assets
- $22,415,709
- +8.7% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Hillsborough Schools Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Hillsborough City School District ($5.0M). Together the top 2 received $5.0M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 9 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Hillsborough Schools Foundation gives
- Giving grew 32% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3.4M (2020) to $5.0M (2025). In 2025 it made 2 grants totaling $5.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hillsborough City School District Hillsborough, CA | General Support | $4,950,980 |
| Associated Parents - HCSD Hillsborough, CA | General Support | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $22,415,709 | $5,893,210 | $5,728,131 | $4,980,980 | 2 | $1,199,223 |
| 2024 | $20,620,075 | $7,584,123 | $4,708,091 | $3,911,753 | 2 | $2,915,222 |
| 2023 | $18,448,776 | $5,343,720 | $4,786,130 | $3,995,318 | 2 | $540,734 |
| 2022 | $16,936,233 | $5,673,314 | $4,438,286 | $3,775,901 | 1 | $956,520 |
| 2021 | $18,783,027 | $4,453,701 | $4,044,244 | $3,533,384 | 2 | $747,289 |
| 2020 | $15,035,793 | $4,346,326 | $3,968,363 | $3,436,825 | 2 | $413,955 |
About Hillsborough Schools Foundation
Based on IRS filings
Hillsborough Schools Foundation is a public charity 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
Leadership & Key People
Officers and directors from IRS filings
Hillsborough Schools Foundation is led by Alicia Isero, Executive Director on every filing since 2023; 1 of 24 officers listed in 2025 is compensated.
Officers on the 2025 filing
Alicia Isero
Executive Director
On filings since 2023
40 hrs/week
$69K (2023) → $179K (2025)
Shelby Van Doren
Associated Parents' Groups President
Chair & Events → Associated Parents' Groups President, 2025
On filings since 2021
2 hrs/week
No compensation reported
Lisa Duffell
President
Co-Chair & Events → President-Elect, 2024
President-Elect → President, 2025
On filings since 2022
20 hrs/week
No compensation reported
Erin Schaefer
Chair & Annual Giving Campaign
Chair & Corporate Outreach → Co-Chair & Parent Campaign, 2023
Co-Chair & Parent Campaign → Chair & Annual Giving Campaign, 2024
On filings since 2021
8 hrs/week
No compensation reported
Sara Heston
Chair & Personnel
Co-Chair & Events → Chair & Personnel, 2024
On filings since 2023
2 hrs/week
No compensation reported
Eric Davidson
Chair & Scholar's Circle
New on the 2025 filing
2 hrs/week
No compensation reported
Jackie Hsu
Chair & Corporate Outreach
New on the 2025 filing
2 hrs/week
No compensation reported
Kristen Gasior
Chair & Strategic Planning
New on the 2025 filing
2 hrs/week
No compensation reported
Stephanie Cantwell
Chair, Community Campaign & Legacy
New on the 2025 filing
2 hrs/week
No compensation reported
Teri Kil
Chair & Nominating
New on the 2025 filing
2 hrs/week
No compensation reported
Cindy Panchula
Past President
President-Elect → President, 2024
President → Past President, 2025
On filings since 2021
2 hrs/week
No compensation reported
Nisha Ahluwalia
President-Elect
Co-Chair & Communications → Co-Chair & Events, 2024
Co-Chair & Events → President-Elect, 2025
On filings since 2022
2 hrs/week
No compensation reported
Amy Reisenberg
Co-Chair & Parent Campaign
Chair & Corporate Outreach → Co-Chair & Parent Campaign, 2025
On filings since 2023
3 hrs/week
No compensation reported
Gilbert Wai
School Board Liaison
On filings since 2023
No compensation reported
Greg Leonard
Treasurer
Treasuerer → Treasurer, 2025
On filings since 2024
4 hrs/week
No compensation reported
Julie Kavanagh
Co-Chair & Communications
Chair & Corporate Outreach → Co-Chair & Communications, 2025
On filings since 2024
4 hrs/week
No compensation reported
Tal Simon
Co-Chair, Audit & Endowment
On filings since 2024
2 hrs/week
No compensation reported
Ting Yang
Co-Chair & Events
On filings since 2024
3 hrs/week
No compensation reported
Ana De Arce
Superintendent
New on the 2025 filing
No compensation reported
Deepak Sarpangal
Co-Chair, Audit & Endowment
New on the 2025 filing
2 hrs/week
No compensation reported
Emily Ou
Co-Chair & Parent Campaign
New on the 2025 filing
3 hrs/week
No compensation reported
Megan Germack
Secretary & Governance
New on the 2025 filing
2 hrs/week
No compensation reported
Natalie Kao
Co-Chair & Events
New on the 2025 filing
3 hrs/week
No compensation reported
Nidhi Dash
Co-Chair & Communications
New on the 2025 filing
4 hrs/week
No compensation reported
Former officers (53)
- Former: Roman Margolin (2020–2024) — Co-Chair, Audit & Endowment
- Former: Amy Jasmer (2022–2024) — Past President
- Former: Bessie Seybold (2022–2024) — Chair & Community Campaign
- Former: Steve Juno (2022–2024) — Chair & Strategic Planning
- Former: Katie Salma (2023–2024) — Co-Chair & Communications
- Former: Licia Davidson (2023–2024) — Secretary & Governance
- Former: Louann Carlomagno (2023–2024) — Superintendent
- Former: Marcy Dutton Segre (2023–2024) — Chair & Legacy Giving
- Former: Bonnie Feldman (2024) — Chair & Nominating
- Former: Bryan Keane (2024) — Chair & Scholars' Circle
- Former: Cheryl Daya (2024) — Co-Chair & Communications
- Former: Jamie Harris (2024) — Associated Parents' Groups President
- Former: Melissa Hamilton (2024) — Chair & Parent Campaign
- Former: Leigh Roslansky (2020–2023) — Advisor to Executive Director
- Former: Mary Ann Hasenstab (2020–2023) — Apg President
- Former: Breigh McCall (2021–2023) — Past President
- Former: Heather Willis (2021–2023) — Chair & Annual Giving Campaign
- Former: Leslie Huie (2021–2023) — Chair & Personnel
- Former: Angelos Dassios (2022–2023) — Treasurer
- Former: Brad Cook (2022–2023) — Co-Chair, Audit & Endowment
- Former: Jessica Zucker (2022–2023) — Co-Chair & Parent Campaign
- Former: John Couch (2023) — Chair & Scholars' Circle
- Former: Marlo Stroud (2023) — Chair & Nominating
- Former: Joanie Schlampp (2021–2022) — Co-Chair & Communications
- Former: Julie Fleischer (2021–2022) — Chair & Legacy Giving
- Former: Lynette Caplice (2021–2022) — Chair & Nominating
- Former: Simona Jankowski (2021–2022) — Co-Chair, Audit & Endowment
- Former: Tiffany Tsurudome (2021–2022) — Secretary & Governance
- Former: Blair Brown (2022) — Interim Executive Director
- Former: Courtney Bocci (2022) — Apg President
- Former: Cynthia Foster termed (2022) — Executive Director
- Former: Laura Green (2022) — Chair & Community Campaign
- Former: Laura Hansen (2022) — Co-Chair & Parent Campaign
- Former: Amy Richardson (2020–2021) — Chair & Annual Giving Campaign
- Former: Charlotte Soja (2020–2021) — Co-Chair & Communications
- Former: Cynthia Foster (2020–2021) — Executive Director
- Former: Elsbeth Lannone (2020–2021) — Chair & Strategic Planning
- Former: James McDowell (2020–2021) — Co-Chair, Audit & Endowment
- Former: Lisa Edwards (2020–2021) — Past President
- Former: Erin Lager (2021) — Chair & Community Campaign
- Former: Mona Pine (2021) — Chair & Nominating
- Former: Alison Ho (2020) — Chair & Legacy Giving
- Former: Dana McCabe (2020) — Chair & Nominating
- Former: Jacqueline Koo (2020) — Chair & Personnel
- Former: Jenna Golde (2020) — Co-Chair & Communications
- Former: Karen Crawford (2020) — Chair & Community Campaign
- Former: Kim Oliff (2020) — Associate Parents' Groups P
- Former: Kristin Deng (2020) — Co-Chair & Parent Campaign
- Former: Laura Higgins (2020) — Chair & Corporate Outreach
- Former: Nicole O'Connor (2020) — Secretary & Governance
- Former: Sarah McKay (2020) — Chair & Annual Giving Campaign
- Former: Stacey Raff (2020) — Chair & Strategic Planning
- Former: Yidrienne Lai (2020) — Co-Chair, Audit & Endowment
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $179K, to Alicia Isero (Executive Director).
Frequently asked questions about Hillsborough Schools Foundation
How much does Hillsborough Schools Foundation give each year?
Hillsborough Schools Foundation gave $5.0M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.9M across 2 grants.
How large is Hillsborough Schools Foundation?
Hillsborough Schools Foundation reported $22.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.9M.
What is Hillsborough Schools Foundation?
Hillsborough Schools Foundation is a public charity focused on Education, based in Hillsborough, CA. It holds $22.4M in total assets as of 2025.
Where does Hillsborough Schools Foundation operate?
Hillsborough Schools Foundation has awarded grants in California.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 13, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2025
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Hillsborough Schools Foundation down — hundreds of funders to go?