PLATINUM2022

Hispanic Scholarship Fund

A diploma is forever™

aka HSF   |   Gardena, CA   |  HSF.net

Mission

As one of the nation’s leading nonprofit organizations, HSF has awarded over $675 million in scholarships and provides a broad range of programs and support services for students, parents, HSF Scholars, and HSF Alumni. For more information about HSF, please visit HSF.net.

Ruling year info

1976

President & CEO

Mr. Fidel A. Vargas

Main address

1411 W. 190th Street Suite 700

Gardena, CA 90248 USA

Show more contact info

EIN

52-1051044

NTEE code info

Fund Raising and/or Fund Distribution (B12)

Scholarships, Student Financial Aid, Awards (B82)

Student Services and Organizations (B80)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Latinos have seen tremendous recent growth in educational attainment and workforce participation. The National Center for Education Statistics found that between 2000 and 2016, Hispanic Americans ages 18-24 experienced the largest increase in college-going of any racial group in the country. Meanwhile, the Latino Donor Collaborative estimates that US Latinos accounted for 70% of the country’s workforce growth in the first half of this decade. However, this growth, so vital to the strength of the US economy, is not reflected in many in-demand industries, where hiring inequality persists. With all of this in mind HSF advances equity nationwide by offering programs, information, and a range of additional resources designed to ensure Hispanic student and their families-have the knowledge, resources, and support they need for the students to successfully complete a higher education and transition to the workforce, specifically, into in-demand fields.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholarships

The HSF Scholarship is a merit-based award, designed to aid students of Hispanic heritage in their pursuit of a college degree. Scholarships are available to high school seniors, undergraduate students (all years), graduate students, and community college students transferring to four-year universities. Final scholarship amounts range from $500 to $5,000, based on demonstrated financial need.
• Scholarship recipients are also offered a range of Scholar Support Services, including mentoring, leadership development, career services, knowledge building, and personal wellness training (physical, emotional, and financial).
• Each year, 10,000 applicants will qualify as HSF Scholars. All HSF Scholars have access to HSF Scholar Support Services, regardless of whether or not HSF is able to offer them a financial award.

Population(s) Served
Students
People of Latin American descent

College 101 is a free, bilingual, three-hour program that provides valuable information to middle and high school students and their parents about how best to prepare, plan, and pay for college. The sessions, which are offered on weekday evenings in various cities across the country, address the steps necessary to plan for a college education, apply for scholarships, and research additional financial aid opportunities.

Population(s) Served
Students
Parents

College Camp is a free, bilingual, half-day, college preparation program designed to help middle and high school students and their parents prepare, plan, and pay for college. The program is held in cities across the US and covers key information on preparing for and applying to college, writing a personal statement, choosing the right college fit, researching financial aid and scholarship opportunities, and understanding the real cost of a college education. Students are grouped by grade level, and parents can choose to receive information in either English or Spanish. Participants have the opportunity to interact with HSF Scholars, staff, Alumni, and other supporters, including local business leaders, sponsors, and educators.

Population(s) Served
Students
Parents

HSF’s Youth Leadership Institute (YLI) is a five day, overnight, college empowerment program for Latino, rising high school seniors, selected through a competitive application process. It is designed to give young leaders the practical tools they need to successfully apply to top universities, have full access to scholarship and financial aid opportunities, and set a course for academic and career success, through early introduction to in-demand fields. The program also offers the opportunity to experience living on a college campus, while interacting with college students and professionals who serve as mentors. YLI programs are hosted each summer at college campuses across the country.

Population(s) Served
Students
People of Latin American descent

Industry Conferences – These career and networking conferences include the STEM Summit, Finance Conference, Media & Entertainment Summit, and Healthcare Summit. The programs provide industry-specific opportunities for students interested in STEM, finance, media and entertainment, and healthcare careers. Industry Conferences provide attendees with the opportunity to meet and learn from experts, network, and acquire inside tips on internships, jobs, and other career-enhancing opportunities. Additionally, each program includes a career expo, through which participants interact with corporate talent acquisition representatives, receive career development training and guidance, and have the opportunity to interview, on-site, for internships and full-time job opportunities with HSF corporate partners.

Population(s) Served
Students
People of Latin American descent

These leadership and professional development conferences include the National Leadership Conference (NLC), Entrepreneurship Summit, and Alumni Symposium. NLC gives the best and brightest HSF Scholars an inside track to academic and professional excellence through a combination of mentoring, professional insights, and career guidance, while the Entrepreneurship Summit introduces Scholars to the value and importance of developing an entrepreneurial mindset. Meanwhile, the Alumni Symposium unites distinguished HSF Alumni from wide-ranging industries and with diverse professional experiences to advance a community of leaders and cultivate relationships that will enhance their careers and support HSF’s Mission and Vision.

Population(s) Served
Students
People of Latin American descent

College Prep Saturday is a free, half-day program designed to provide ALL middle and high school students—and their families—from a diverse cohort of historically under-represented socioeconomic, racial, and ethnic backgrounds, with the resources and knowledge to prepare, plan, and pay for college. Sessions are tailored by age group (6-8th graders, 9-10th graders, 11-12th graders, and parents) and are offered in multiple languages, as necessary, to better serve attendees.

Population(s) Served
Ethnic and racial groups
Students

The Young Leaders Summit (YLS) –YLS is a five-day, overnight, college empowerment conference for a cohort of top-performing, low-income rising high school seniors, selected through a highly competitive application process, from varied geographic regions (urban and rural), representing the diversity of racial and ethnic groups in the US (African-American, American Indian/Alaska Native, Asian and Pacific Islander American, Hispanic, and White). Planned and executed by HSF in partnership with YLC, it is designed to give young leaders the practical tools they need to successfully apply to top universities, have full access to scholarship and financial aid opportunities, and set a course for academic and career success.

Population(s) Served
Students

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of conferences held

This metric is no longer tracked.
Totals By Year
Population(s) Served

Students

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of youth programs offered

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of one-on-one coaching sessions

This metric is no longer tracked.
Totals By Year
Population(s) Served

Students

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Number of career coaching sessions at HSF Industry and Leadership conferences. Career Coaches train Scholars in the core areas of resume writing and reviewing, cover letters, interview preparation, mo

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

HSF’s primary objective is to “empower Latino families with the knowledge and resources needed to successfully complete a higher education.” HSF’s strategies and programs accomplish this goal through two primary avenues: scholarships and Support Services.

Since our founding in 1975, HSF has awarded over $675 million in scholarships. In the 2021-22 academic year, more than 124,000 students submitted an HSF Scholarship application. HSF selected 10,000 of those applicants for the designation of HSF Scholar, and is currently in the process of disbursing scholarships to as many Scholars as possible. HSF ’s proprietary technology platform, HSF 4.0, makes it possible for us to recruit, select, award, and provide Support Services to the nation’s top Latino Scholars with a high degree of efficiency, ensuring maximum impact of every scholarship dollar. HSF also leverages its technology platform to administer more than two dozen endowed and tenant scholarship programs, including The Gates Scholarship, funded by The Bill and Melinda Gates Foundation, and the Wells Fargo Academic Leaders Fellowship Program.

HSF also provides Support Services to thousands of students, families, HSF Scholars, and HSF Alumni across the nation. For middle and high school students and their families, HSF provides Student and Parent Programs, including College Camp, College 101, College Prep Saturday, the Youth Leadership Institute, and the Young Leaders Summit. At these programs, HSF provides information and resources needed to plan, prepare, and pay for college. For Scholars and Alumni, HSF Scholar Support Services—including MentorMatch, Career Coaching, Industry Conferences, Leadership Conferences, and Career Services—offer mentorship, leadership development, career services, knowledge building, and wellness training. The same technology platform that makes it possible for HSF to administer highly effective scholarship programs, also underlies HSF Support Services, making it possible for us to identify and recruit Scholars for Industry and Leadership Conferences; connect Scholars with mentors, career coaches, and other professional opportunities; and provide a wealth of resources and information for students and families as they walk through the college application process. HSF 4.0 now includes the Hispanic Career Pathways Initiative (HCPI). HCPI offers a multi-tiered approach to providing career discernment and career development programs directly to hundreds of thousands of college students nationwide.

In order to achieve our major goals, our top strategic priority is to use state-of-the-art, web-based technology to expand our scholarships, services, programs, and community outreach. We call this strategy, HSF 4.0. We believe, and are proving every day, that technology is the key.

HSF 4.0 is allowing us to improve every aspect of our organization, from how we review scholarship applications, run the organization, and execute our programs, to how we provide content to the millions of families and students who need our support. It directly helps us select scholarship winners, match award dollars to students, match mentors to students, pair students with internships and career opportunities, and track how the students who come through our gateway.

Our capabilities include:

•Communication, recruitment, and marketing, including a network spanning thousands of partners, Alumni, and volunteers, which enable us to reach millions, nationwide
•Integrated technology tools and application expertise, including best-in-class mobile/web technology, which provides college readiness, access, and support services, in-person and virtually, to thousands of students, scholarship recipients, and families, at every step
•Efficient scholarship administration, enhanced by superior technology and grants compliance practices, enabling us to carry out scholarship programs with low administrative costs
•Expertise in executing dozens of small and large programs and events, including multi-day conferences and workshops, to meet the needs of varying constituencies across different venues

Since our founding 46 years ago, our commitment to stewardship, transparency, fiscal responsibility, and impact, has enabled us to award over $650 million in scholarships. We also provide support services to help Scholars attend top colleges, do well in their course work, graduate, enter professions, excel, help lead our nation going forward, and mentor future generations.

One key instrument to our sustainability is HSF's Career Services program, including its model for providing Scholars with access to professional opportunities with our corporate partners. This mutually beneficial pipeline of outstanding young talent places living paradigms of HSF's value in top US companies and organizations. This yields consistently recurring and increasing funding commitments and flourishing partnerships among our corporate and institutional funders, while also providing HSF Scholars with some of the most attractive career opportunities in the nation.

HSF also relies on its network of Alumni and Advisory Council members, and on its Board of Directors. In keeping with HSF’s model of “paying it forward,” our extensive community of Alumni serves as HSF donors, volunteers, mentors, and program ambassadors. Meanwhile, HSF’s 515 Advisory Council members, many of whom are HSF Alumni, are entrepreneurs, representatives of HSF corporate partners, and community leaders, as well as representatives from higher education, school districts, other like-minded nonprofits, and community-based organizations. They volunteer their time to HSF Support Services, make significant financial contributions, and serve as local-market advisors and ambassadors in 40 major markets throughout the country. The Board of Directors similarly supports HSF as brand ambassadors, financial supporters, and networking associates, helping expand HSF's reach and propelling the ongoing fulfillment of our mission.

Financials

Hispanic Scholarship Fund
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Hispanic Scholarship Fund

Board of directors
as of 08/19/2022
SOURCE: Self-reported by organization
Board chair

Mr. Gene Camarena

La Raza Pizza, Inc.

Term: 2018 -

Maria Elena Salinas

MES Multi-Media LLC

Anthony Salcido

Toyota Motor Sales, U.S.A., Inc. (Retired)

Gene Camarena

La Raza Pizza Inc.

Fidel Vargas

Hispanic Scholarship Fund

Angel Morales

Star Mountain Capital, LLC

Elizabeth Oliver-Farrow

The Oliver Group, Inc.

Daniel Acosta

The Boston Consulting Group

Michael Bender

Wal-Mart Stores, Inc.

Walter Dolhare

Wells Fargo Securities

Phillip Hyun

LAKANA

James McNamara

Panamax Films, LLC

Ida Nieto

The Procter & Gamble Company

Bea Perez

The Coca-Cola Company

Cesar Vargas

Anheuser-Busch

Peggy Turner

Lexus

Stephanie Bell-Rose

Corporate, Philanthropy, and Governance Professional and Mental Health Advocate

Rita Ferro

The Walt Disney Company

Andres Espinosa

American Express

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 3/3/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 07/20/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
Policies and processes
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.