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The 990 read · EIN 23-7327730 · DC · Fiscal year 2024

The Heritage Foundation

The Heritage Foundation: CEO salary, finances and where donations go

In its own words

“To formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$853K Kevin Roberts, 0.6% of spending
Revenue
$133.9M 79.2% from donations and grants
Spent
$142.2M 82.5% on programs, as reported
Net assets
$333.6M end of 2024
Savings
28.1 months of spending, net assets ÷ spending
People
557 employees, 15 volunteers
Form 990 (2024), Parts I, VII, IX, X
01 · Red flags

1 thing to look at.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

low

Business transactions with insiders or their companies

Part IV line 28b answered yes.

Form 990 Part IV, lines 28a–28c; Schedule L Part IV
02 · Where $1 goes · 2024

Of each dollar it spent, 82.5¢ went to programs, as reported.

The split the charity filed.
82.5¢
Programs, $117.3M
14.2¢
Fundraising, $20.2M
3.3¢
Admin, $4.6M
Form 990 (2024), Part IX, line 25
Cost to raise $1
19¢
as reported
31¢
counting the shared mail

For each dollar donated, The Heritage Foundation spent 19¢ on fundraising, or about 31¢ counting joint costs.

Fundraising ÷ $106.0M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 41.7% of program spending · $25K in grants $48.9M

Public policy research: The foundation produces research papers annually, including issue briefs, blog posts, fact sheets, backgrounders, guides, and books addressing a broad range of economic, domestic, foreign, national security, and legal policy issues. The foundation published 33 issue briefs, 66 backgrounders, 20 legal memoranda, 20 factsheets and 27 special reports. The foundation also regularly publishes content across social media platforms as the public has shifted its content and consumption to those channels. The social media footprint grew to 3.3 million total followers, including…

Program 2 · 15.6% of program spending · $356K in grants $18.3M

Media, government relations, and outreach: The foundation distributes its research products to members of congress, congressional staff, policymakers in the executive branch of the federal government, state officials, journalists, members of the academic community, other non-profit organizations, the general public, and donors. The foundation conducts hundreds of briefings for domestic and international officials, policymakers, experts, and lawmakers and their staff on issues ranging from federal spending and unfunded liabilities to homeland security, tax, and health policy. In 2024, the…

Form 990 (2024), Part III
04 · The savings

Net assets: $154.3M to $333.6M in 11 years.

Net assets at each fiscal year end, 2012 to 2024.

Net assets at year end, $ millions
154
194
217
226
241
266
251
322
332
367
332
334
Form 990 history via ProPublicaForm 990 (2024)
05 · Who gets paid

The 8 highest-paid people.

Reportable pay in 2024, from the charity and related organizations.

Kevin Roberts
President
$853,213
Derrick Morgan
Executive Vice President
$545,991
Eric Korsvall
Chief Operating Officer
$444,117
Dan Mauler
General Counsel & Secretary
$374,337
Andrew Olivastro
Chief Advancement Officer
$368,437
Robert Barro
Distinguished Fellow
$357,723
Roger Severino
Vp, Domestic Policy
$351,528
John Backiel
Vp, Finance, Accounting & Treasurer
$313,985
Form 990 (2024), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Dpr ConstructionConstruction$8,916,586
Associated Protective ServicesProtection & security$1,513,065
Mds Communications CorporationConsultants on fundraising$1,511,048
Oracle America IncIt services$1,438,606
Moore Response Management GroupMailing contact mgmt$1,302,266
Form 990 (2024), Part VII, Section B
06 · Questions

The questions people ask about the The Heritage Foundation.

Short, sourced answers. Each one stands on its own.

How much does the The Heritage Foundation CEO make?

Kevin Roberts, President, received $853,213 in reportable compensation in 2024, 0.6% of The Heritage Foundation's $142.2M in spending.

Form 990 (2024), Part VII

What percentage of The Heritage Foundation donations go to programs?

The Heritage Foundation reported 82.5% of 2024 spending as programs, 14.2% as fundraising and 3.3% as management. That includes $12.2M of joint mail and ad costs counted as programs; without them, programs were 74%.

Form 990 (2024), Part IX

How much money does The Heritage Foundation have?

Net assets were $333.6M at the end of 2024, about 28.1 months of spending.

Form 990 (2024), Part X

Does The Heritage Foundation have any red flags in its filing?

Its latest Form 990 triggered 1 of our twelve screening rules: business transactions with insiders or their companies. A flag is a prompt for a closer look, not a finding of wrongdoing.

Form 990 (2024)
07 · Sources and citing

Every number, traced.

  1. The Heritage Foundation Form 990, 2024 (IRS e-file)
  2. The Heritage Foundation Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “The Heritage Foundation: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/the-heritage-foundation/