Publications

This is where you will find Heron's Publications. 

Title Publication Date Author Name

Heron invested in a municipal bond intended to build a wind turbine factory for the Nordex Group. In partnership with the local college/university, Nordex planned to train and employ several hundred local workers in advanced manufacturing techniques for this up-and-coming green technology. The factory launched but ran only for a short time before it failed. It was replaced by a rail manufacturer attracted by the infrastructure improvements that had been created for Nordex, resulting in a net job increase.

Access the foundation's tax return.

June 20, 2017 — New York: Clara Miller will assume the role of President Emerita at Heron as of December 31, 2017, the Heron Foundation announced today. Miller will step down from a managerial role, continuing to write, speak, and undertake research on behalf of Heron’s mission.

Author’s Preamble: I began drafting this letter during the weeks leading up to the election and finished it a few days before. But now we’re well beyond the inauguration, so I really couldn’t send it “as is” without something of a prologue. Even for Heron, for which the phrase, “The world has changed…,” has become something of a slogan, the election’s outcome marked a record-level high for the change index. And as I glanced at my draft in light of those results, its contents struck me as somewhat, well, outdated and possibly even trivial. This was quite discouraging. On reflection and discussion internally, however, we thought that one way to interpret these events was that the themes we struck when we changed our strategy back in 2011 were manifesting with a vengeance:

A series of videos from the Heron Foundation and Human Pictures recasts the narrative around what it is to be poor in the United States; looks to reinvent the economy to provide new paths to prosperity

The F.B. Heron Foundation (“Heron”) exists solely to serve a public purpose — in our case, making investments that further the ability of people and communities to move out of poverty and thrive. This purpose guides not only our grant-making, but the use of all of our resources, including investment capital, so that we use them fully to contribute to the reduction of poverty, the widening of opportunity, and the improvement in material and social well-being for disadvantaged people and communities. The Heron investment policy thus reflects our intent to determine the social and financial return on all assets, and to select opportunities for deploying capital, whether as grants or as investments, so as to maximize both kinds of return.

Heron's 2015 financial statements.

For over fifty years, the global economy (and that includes the U.S. economy) has felt the effects of three related long-term trends, widely reported and acknowledged. They are: first, a weakening of the pull of place; second, disintermediation; and third, closely related to both, the explosion in the use of information technology, meaning that in labor markets there are more journeymen, no assurance of life employment and a continual evolution of skills needed to make a living.

Access the foundation's tax return.

Heron's 2014 financial statement