California · Nonprofit
HILLSBOROUGH SCHOOLS FOUNDATION
HILLSBOROUGH SCHOOLS FOUNDATION (California) receives grants from 64 organizations whose IRS filings report $8,197,120 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,801,331). 47 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $5.9M
- Funders on record
- 64
- Grants received
- $8.2M
- Net assets
- $18M
What Hillsborough Schools Foundation does
Mission
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.
As stated on its FY2025 Form 990.
Program
Annual giving campaign is an annual fund drive to parents and community. The funds raised are used to make grants to hillsborough city school district as supplemental funding to the school district budget.
$4,980,980 spentof which $4,980,980 as grants100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $4,980,980.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $15M to $19M (+25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2023 1%. Grants only. Government contracts and fees sit inside program revenue.
80% of HILLSBOROUGH SCHOOLS FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Alicia Isero
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 25 funders to 26 funders, grant income rose $439k → $1.3M.
20 of 64 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 88% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of HILLSBOROUGH SCHOOLS FOUNDATION’s funders (the co-funder graph). Top 30 of 64 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HILLSBOROUGH SCHOOLS FOUNDATION has a broad base — no single funder exceeds 22% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
89% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HILLSBOROUGH SCHOOLS FOUNDATION.
Largest funder’s share by year: 2017 24% · 2018 33% · 2019 28% · 2020 27% · 2021 27% · 2022 24% · 2023 25% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of HILLSBOROUGH SCHOOLS FOUNDATION's funders are still giving 3 years after their first grant; 73% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
88% of HILLSBOROUGH SCHOOLS FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $974k that is directly attributable, 81% of it comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $7.2M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HILLSBOROUGH SCHOOLS FOUNDATION's revenue grew 40% between 2017 and 2025.
this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025
Organizations like HILLSBOROUGH SCHOOLS FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Public support
89%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for HILLSBOROUGH SCHOOLS FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HILLSBOROUGH SCHOOLS FOUNDATION?
- HILLSBOROUGH SCHOOLS FOUNDATION (California) receives grants from 64 organizations whose IRS filings report $8,197,120 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,801,331). 47 of them have funded it in more than one year, and 88% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does HILLSBOROUGH SCHOOLS FOUNDATION have?
- IRS filings report 64 organizations giving $8,197,120 in grants to HILLSBOROUGH SCHOOLS FOUNDATION, 47 of which have funded it in more than one year.
- Who is the largest funder of HILLSBOROUGH SCHOOLS FOUNDATION?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $1,801,331 in grants. The full list of funders is on this page.
- How can an organization like HILLSBOROUGH SCHOOLS FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 64 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing