Civic Intelligence

Hillsborough Schools Foundation

EIN 94-2634550 • 501(c)3 • Hillsborough, CA

Profile

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.

300 El Cerrito AveHillsborough, CA 94010

www.hsf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.20x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

76th percentile

0.75x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

46th percentile

2.8%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

47th percentile

$178,625

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

64th percentile

8.7%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$22,415,709

Up $3,966,933 (+22%) from 2023

Liabilities

Up

$4,432,836

Up $666,418 (+18%) from 2023

Net Assets

Up

$17,982,873

Up $3,300,515 (+22%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin46th percentile

Revenue

Up

$5,893,210

Up $549,490 (+10%) from 2023

Expenses

Up

$5,728,131

Up $942,001 (+20%) from 2023

Net Income

Down

$165,079

Down $392,511 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $9,465,921Liabilities 2011: $3,507,690Net Assets 2011: $5,958,2312011Assets 2012: $9,912,852Liabilities 2012: $3,804,196Net Assets 2012: $6,108,6562012Assets 2013: $10,894,072Liabilities 2013: $3,861,594Net Assets 2013: $7,032,4782013Assets 2014: $12,327,906Liabilities 2014: $3,989,563Net Assets 2014: $8,338,3432014Assets 2015: $12,432,393Liabilities 2015: $3,892,762Net Assets 2015: $8,539,6312015Assets 2016: $12,098,365Liabilities 2016: $3,595,183Net Assets 2016: $8,503,1822016Assets 2017: $13,287,635Liabilities 2017: $3,397,172Net Assets 2017: $9,890,4632017Assets 2018: $14,141,239Liabilities 2018: $3,467,020Net Assets 2018: $10,674,2192018Assets 2019: $14,953,425Liabilities 2019: $3,579,245Net Assets 2019: $11,374,1802019Assets 2020: $15,035,793Liabilities 2020: $3,423,960Net Assets 2020: $11,611,8332020Assets 2021: $18,783,027Liabilities 2021: $3,541,143Net Assets 2021: $15,241,8842021Assets 2022: $16,936,233Liabilities 2022: $3,822,818Net Assets 2022: $13,113,4152022Assets 2023: $18,448,776Liabilities 2023: $3,766,418Net Assets 2023: $14,682,3582023Assets 2025: $22,415,709Liabilities 2025: $4,432,836Net Assets 2025: $17,982,8732025

Highlighted filing

2025

Assets$22,415,709
Liabilities$4,432,836
Net Assets$17,982,873
Open 2025 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2011: $4,040,369Expenses 2011: $4,003,688Net Income 2011: $36,6812011Revenue 2012: $4,356,338Expenses 2012: $3,943,940Net Income 2012: $412,3982012Revenue 2013: $4,378,876Expenses 2013: $3,960,150Net Income 2013: $418,7262013Revenue 2014: $4,568,659Expenses 2014: $4,094,050Net Income 2014: $474,6092014Revenue 2015: $4,497,406Expenses 2015: $4,008,514Net Income 2015: $488,8922015Revenue 2016: $3,938,328Expenses 2016: $3,724,829Net Income 2016: $213,4992016Revenue 2017: $4,221,577Expenses 2017: $3,788,075Net Income 2017: $433,5022017Revenue 2018: $4,586,601Expenses 2018: $4,172,157Net Income 2018: $414,4442018Revenue 2019: $4,840,560Expenses 2019: $4,102,511Net Income 2019: $738,0492019Revenue 2020: $4,346,326Expenses 2020: $3,968,363Net Income 2020: $377,9632020Revenue 2021: $4,453,701Expenses 2021: $4,044,244Net Income 2021: $409,4572021Revenue 2022: $5,673,314Expenses 2022: $4,438,286Net Income 2022: $1,235,0282022Revenue 2023: $5,343,720Expenses 2023: $4,786,130Net Income 2023: $557,5902023Revenue 2025: $5,893,210Expenses 2025: $5,728,131Net Income 2025: $165,0792025

Highlighted filing

2025

Revenue$5,893,210
Expenses$5,728,131
Net Income$165,079
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,415,709
Liabilities
$4,432,836
Net assets
$17,982,873
Revenue
$5,893,210
Expenses
$5,728,131
Net income
$165,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.4$4.43$18.0$5.89$5.73$0.17
2023Summary only. Only limited summary data is available for this year.$18.4$3.77$14.7$5.34$4.79$0.56
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$3.82$13.1$5.67$4.44$1.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$3.54$15.2$4.45$4.04$0.41
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$3.42$11.6$4.35$3.97$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$3.58$11.4$4.84$4.10$0.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$3.47$10.7$4.59$4.17$0.41
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$3.40$9.89$4.22$3.79$0.43
2016Summary only. Only limited summary data is available for this year.$12.1$3.60$8.50$3.94$3.72$0.21
2015Summary only. Only limited summary data is available for this year.$12.4$3.89$8.54$4.50$4.01$0.49
2014Summary only. Only limited summary data is available for this year.$12.3$3.99$8.34$4.57$4.09$0.47
2013Summary only. Only limited summary data is available for this year.$10.9$3.86$7.03$4.38$3.96$0.42
2012Summary only. Only limited summary data is available for this year.$9.91$3.80$6.11$4.36$3.94$0.41
2011Summary only. Only limited summary data is available for this year.$9.47$3.51$5.96$4.04$4.00$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$6,644,030
Mission and Program Overview

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.

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 educational 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 academic materials, and the funding of personnel, such as curriculum specialists. As part of its efforts to acheive 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,824,625$20,518,183▲ $1,693,558
Savings and Temporary Cash Investments$1,644,067$1,809,565▲ $165,498
Pledges and Grants Receivable$115,521$66,422▼ $49,099
Prepaid Expenses and Deferred Charges$35,862$21,539▼ $14,323
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$20,620,075$22,415,709▲ $1,795,634
Liabilities
Grants Payable$3,700,000$4,367,000▲ $667,000
Accounts Payable and Accrued Expenses$55,227$65,836▲ $10,609
Total Liabilities$3,755,227$4,432,836▲ $677,609
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,864,848$17,942,973▲ $1,078,125
Net Assets With Donor Restrictions-$39,900-
Total Net Assets Fund Balance$16,864,848$17,982,873▲ $1,118,025
Total Liabilities and Net Assets / Fund Balance$20,620,075$22,415,709▲ $1,795,634

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$28,838$28,838

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$16,864,848$500▲ $1,909,036$333,000$17,942,973
2023$14,668,658$1,350▲ $2,194,840-$16,864,848
2022$12,069,544$1,316,085▲ $1,283,029-$14,668,658
2021$14,648,207$9,338▼ $2,421,604-$12,069,544
2020$10,801,539$5,025▲ $3,945,882-$14,648,207
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alicia IseroExecutive DirectorFT$178,625$178,625

Board Members and Trustees

NameTitle
Erin SchaeferChair, Annual Giving Campaign
Stephanie CantwellChair, Community Campaign, Legacy
Jackie HsuChair, Corporate Outreach
Teri KilChair, Nominating
Sara HestonChair, Personnel
Eric DavidsonCHAIR, SCHOLAR'S CIRCLE
Kristen GasiorChair, Strategic Planning
Deepak SarpangalCo-chair, Audit & Endowment
Tal SimonCo-chair, Audit & Endowment
Julie KavanaghCo-chair, Communications
Nidhi DashCo-chair, Communications
Natalie KaoCo-chair, Events
Ting YangCo-chair, Events
Amy ReisenbergCo-chair, Parent Campaign
Emily OuCo-chair, Parent Campaign
Shelby Van DorenASSOCIATED PARENTS' GROUPS PRESIDENT
Cindy PanchulaPast President
Lisa DuffellPresident
Nisha AhluwaliaPresident-elect
Gilbert WaiSchool Board Liaison
Megan GermackSecretary & Governance
Ana De ArceSuperintendent
Greg LeonardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,698,178
Program Service Revenue
$0
Investment Income
$1,199,223
Other Revenue
$-4,191
All Other Contributions
$4,090,368
Change in Net Assets
$165,079

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded57$360,697Quoted Market Price
Other Non Cash Contri Table38$101,479Fair Market Value
Total Noncash Contributions95$462,176-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,872,556
Revenue Not Reported on Financial Statements
$20,654
Revenue Not Reported on Form 990
$987,146
Total Revenue per Audited Statements
$6,859,702
Total Revenue per Form 990
$5,893,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,980,980
Total Fundraising Expense$462,423
Salaries, Compensation, and Employee Benefits$428,658
Other Expenses$318,493
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,980,980--$4,980,980
Current Officers, Directors, Trustees, and Key Employees-$31,613$146,387$178,000
Other Salaries and Wages-$31,604$146,343$177,947
Fees for Services Other-$30,530$59,191$89,721
Other Employee Benefits-$27,552$18,230$45,782
Fees for Services Accounting-$42,000-$42,000
Payroll Taxes-$4,643$22,286$26,929
Other Expenses-$7,031$16,782$23,813
All Other Expenses-$4,275$19,094$23,369
Fees for Service Investment Mgmnt Fees-$20,654-$20,654
Insurance-$7,777-$7,777
Office Expenses-$3,727-$3,727
Advertising--$3,521$3,521
Fees for Services Legal-$3,500-$3,500
Conferences and Meetings-$61$361$422
Total Functional Expenses$4,980,980$284,728$462,423$5,728,131

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,741,677
Total Expenses per Form 990$5,728,131
Expenses per Audited Statements$5,707,477
Expenses Not Reported on Form 990$34,200
Expenses Not Reported on Financial Statements$20,654
Other Expense Adjustments$20,654
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hillsborough City School DistrictHillsborough, CA-General Support$4,950,980
Associated Parents - HcsdHillsborough, CA-General Support$30,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$211,873
Fundraising Gross Income$207,614
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Classic$229,272$122,477$2,654$119,823
Dinner Dance$555,494$71,808-$71,808
Total Events$815,424$207,614$211,873$-4,259
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to all directors of the organization prior to filing. The audit committee who has been charged with the responsibility of reviewing and approving the form 990 on behalf of the board reviews and approves the form 990 prior to it being filed. In addition, management of the organization reviews the completed form 990 and follows up with the tax preparation firm to answer any questions prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Each director and executive officer of the organization and each member of a committee with board-delegated powers annually sign the conflict of interest statement and disclosure form. The board of directors reviews and determines if any conflicts of interest exist and takes the appropriate action as outlined in the organization's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“A copy of the form 990 is provided to all directors of the organization prior to filing. The audit committee who has been charged with the responsibility of reviewing and approving the form 990 on behalf of the board reviews and approves the form 990 prior to it being filed. In addition, management of the organization reviews the completed form 990 and follows up with the tax preparation firm to answer any questions prior to filing.”

Form 990, Part VI, Section C, Line 19

“The governing documents, forms 990 (current and prior three years) and audited financial statements are made available upon written or oral request at the foundation's office. We do not make our conflict of interest policy available to the public.”

Filing and Contact Details

Filer

Filer Name
Hillsborough Schools Foundation
EIN
94-2634550
Phone
6503446685
Address
300 EL CERRITO AVE, HILLSBOROUGH, CA 94010

Signing Officer

Name
Alicia Isero
Title
Executive Director
Phone
6503446685
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alicia Isero
Formed
1979
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
21
Employees
3
Volunteers
200

Preparer

Firm
Robert Lee & Associates Llp
Address
999 W TAYLOR STREET STE A, SAN JOSE, CA 95126
Preparer
Scott R Smead
Phone
4088556770
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change from prior year.”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment consists of funds established to provide a stable, long-term source of funding to hillsborough city school district and to provide funds for current operating needs.”

PART X, LINE 2:

“U.s. Gaap requires the foundation to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the applicable tax authority. The foundation has reviewed its tax positions for all open tax years and believes that it has appropriate support for the tax positions taken. Therefore, no liability has been recorded.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“In kind contributions 34,200.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment expenses 20,654.”

Part X, Line 2

“U.s. Gaap requires the foundation to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the applicable tax authority. The foundation has reviewed its tax positions for all open tax years and believes that it has appropriate support for the tax positions taken. Therefore, no liability has been recorded.”

Raw XML AppendixShowing 400 of 701 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt065836
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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 EDUCATIONAL 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 ACADEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHEIVE 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.
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IRS990/Desc0ANNUAL 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY & GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR, ANNUAL GIVING CAMPAIGN
IRS990/Form990PartVIISectionAGrp/TitleTxt6CO-CHAIR, AUDIT & ENDOWMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7CO-CHAIR, AUDIT & ENDOWMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8CO-CHAIR, COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt9CO-CHAIR, COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR, COMMUNITY CAMPAIGN, LEGACY
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIR, CORPORATE OUTREACH
IRS990/Form990PartVIISectionAGrp/TitleTxt12CO-CHAIR, EVENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt13CO-CHAIR, EVENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR, NOMINATING
IRS990/Form990PartVIISectionAGrp/TitleTxt15CO-CHAIR, PARENT CAMPAIGN
IRS990/Form990PartVIISectionAGrp/TitleTxt16CO-CHAIR, PARENT CAMPAIGN
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHAIR, PERSONNEL
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAIR, SCHOLAR'S CIRCLE
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHAIR, STRATEGIC PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt20ASSOCIATED PARENTS' GROUPS PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22SCHOOL BOARD LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt23SUPERINTENDENT
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IRS990/MissionDesc0THE 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.
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