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Heritage Foundation
Also Known As: THF
214 Massachusetts Ave NE Washington, DC 20002

GENERAL INFORMATION

Who We Are

Heritage is the No. 1 Washington think tank in researching and marketing conservative ideas to the President, Congress, the media and state and local governments.

• This organization is a 501(c)(3) Public Charity .
• This organization is required to file an IRS Form 990 or 990-EZ.
• Financial information in this report is derived from the organization's December 31, 2007 Form 990.
• Additional narrative information in this report was last supplied by the organization on March 5, 2002.
• It makes its audited financial statements available to the public upon request.
• Contributions are deductible, as provided by law.

How to Help

This organization is seeking funds from contributions. These funds will be used for unrestricted operating expenses, special projects, building improvements and endowments.

Location(s) Served

• National
• International:

NTEE Code

• W22—Public Finance, Taxation, Monetary Policy
• W24—Citizen Participation
• W99—Public, Society Benefit - Multipurpose and Other N.E.C.

Chief Executive

Dr. Edwin Feulner

Chief Executive Profile

Edwin J. Feulner helped found Heritage in 1973 and has served as Heritage president since 1977. He received the Presidential Citizens Medal from President Ronald Reagan as “a leader of the conservative movement.” Feulner served on the Congressional Commission on International Financial Institutions ("Meltzer Commission," 1999-2000). He was the Vice Chairman of the National Commission on Economic Growth and Tax Reform ("Kemp Commission," 1995-1996), Chairman of the U.S. Advisory Commission on Public Diplomacy (1982-91), a Consultant for Domestic Policy to President Reagan, and an advisor to several government departments and agencies. He was a member of the President’s Commission on White House Fellows (1981-83), of the Secretary of State’s UNESCO Review Observation Panel (1985-89), and of the Carlucci Commission on Foreign Aid (1983). In 1982, he served as a United States Representative to the United Nations Second Special Session on Disarmament. Feulner served on the Executive Committee of the Presidential Transition when Reagan took office. He remains involved in various aspects of foreign policy, particularly public diplomacy, international communications issues and international economic policy. He has served on the United States delegations to several meetings of the IMF/World Bank group. He is the author of five books: “Leadership for America” (2000), “Intellectual Pilgrims” (1999), “The March of Freedom” (1998), “Conservatives Stalk The House” (1983), and “Looking Back” (1981). He was the Publisher of Policy Review (1977-2001), and articles by him have appeared in the Chicago Tribune, New York Times, Los Angeles Times, Washington Post, Washington Times and other major newspapers. His biweekly syndicated column appears in more than 500 newspapers.

BOARD OF DIRECTORS

MISSION AND PROGRAMS

Mission

Heritage is a research and educational institute that formulates and promotes conservative public policies based on free enterprise, limited government, individual freedom, traditional American values and a strong national defense. Heritage’s accurate, timely research on foreign and domestic policy is hand-delivered to the Administration and Members of Congress and posted on the Web at www.heritage.org. Our policy experts produce more than 200 papers a year that end up in the hands of lawmakers and on the pages and airwaves of the news media. Our ideas formed the core of the historic 1996 Welfare Reform Act. Our research and on-line tax calculator propelled President George W. Bush’s 10-year tax cut through Congress. And, in the days and weeks following the September 11 terrorist attacks, Heritage drew from our considerable foreign policy expertise to flood the news media with calm, reasoned analysis of the horrific events. President Bush’s top political adviser, Karl Rove, calls Heritage “the intellectual centerpiece in Washington for conservative ideas.” As America’s leading conservative think tank, Heritage believes our nation has drifted from its founding principles. We are dedicated to leading it back on course.

Programs

DOMESTIC POLICY: Heritage is working towards the following—tax reform (preferably a flat tax); elimination of unreasonable and contradictory regulation of business; Social Security reform (through privately owned and invested retirement accounts); health care reform (increased competition and consumer choice); school choice; and increased state and local control over programs now administered at the federal level. FOREIGN AND DEFENSE POLICY: Heritage supports the following—defense of our homeland and citizens in ways consistent with the Constitution; an effective war against terrorists; deployment of a missile defense system; free trade; a strong U.S. military; foreign aid reform (especially an end to U.S. appropriations to the International Monetary Fund).

Additional Comments from the Organization

Books accessible in full or as a database on the Heritage website (www.heritage.org) include:  Defending the American Homeland  The Founders’ Almanac  Policy Experts  2002 Index of Economic Freedom  School Choice: What’s Happening in the States  No Excuses: Lessons from 21 High-Performing, High-Poverty Schools  Issues 2002

GOALS AND RESULTS

Accomplishments for Fiscal Year Ending December 31, 2001

1. Heritage’s research and on-line tax calculator helped President Bush win approval of the first across-the-board tax cut in two decades.
2. In the first month following the September 11 attacks, Heritage analysts completed 20 papers, 12 op-ed articles, 250 newspaper and magazine interviews and 185 radio and television interviews. Our analysts went to work on their 100-page anti-terrorism blueprint, “Defending the American Homeland,” which was completed at year’s end, then delivered to the Administration and Congress.
3. Heritage played a major role in providing President Bush with qualified conservative staff members for his new Administration. By year’s end, more than a dozen former Heritage staff members—such as Elaine Chao, the new Labor Secretary—held key Administration posts.

Objectives for Fiscal Year Beginning January 1, 2002

1. Heritage will continue to lead the way toward lower taxes and more accurate economic forecasting.
2. Heritage will provide key ideas and data for an effective Homeland Security system that includes deployment of ballistic missile defense.
3. Heritage will work toward increased energy production, including drilling in the Arctic National Wildlife Refuge, which will lower prices and create jobs. We believe our nation must acknowledge that energy policy is a national security issue.

Self Assessment

At Heritage, we continually estimate our impact through the number and breadth of our appearances in the media; the number and kinds of requests for assistance from policymakers in the Administration and Congress; the extent to which Heritage recommendations are adopted as policy; the acceptance of our research by those in academia; the extent to which state-level think tanks and other policy organizations ally with us in promoting policies; the extent of our support from individuals and organizations; and the traffic on our Web site.

FINANCIAL DATA

Revenues and Expenses: Fiscal Year Ending December 31, 2007

Balance Sheet: Fiscal Year Ending December 31, 2007

Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

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