Heron Foundation and TILT Investments Announce ‘Next Chapter’ for USCII

TILT acquires USCII as Heron maintains key ongoing role

2018 Heron Financial Statement

Heron's 2018 financial statements.

2017 Heron Financial Statement

Heron's 2017 financial statements.

2016 Heron Financial Statement

Heron's 2016 financial statements.

Heron’s Fixed Income Letter of Intent

To convey our values and mission to our preexisting and prospective managers, Heron has created a Letter of Intent for our Fixed Income portfolio.

IRS Form 990-2016

Access the foundation's 990 from 2016.

Investment Policy Statement [Affirmed December 2017]

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.

IRS Form 990 – 2015

Access the foundation's tax return.

Heron Foundation Announces Leadership Transition

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.

President’s Letter 2017

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 And as I glanced at my draft in light of those results, its contents struck me as somewhat, well, outdated and possibly even trivial.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: