The William N And Bernice E Bumpus Foundation
- Assets
- $8.3m
- Revenue
- $180.3k
- Investments
- $8.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1998
- Data as of
- 01/2024
- EIN
- 04-3410822
Organization Overview
The William N And Bernice E Bumpus Foundation is located in Boston, MA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William N And Bernice E Bumpus Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, William N And Bernice E Bumpus Foundation generated $180.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.8%) each year. All expenses for the organization totaled $928.4k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William N And Bernice E Bumpus Foundation has awarded 34 individual grants totaling $4,177,445. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ridgeway Philanthropy | 1/30/24 | $53,500 |
Choate Hall & Stewart | 1/30/24 | $83,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,150 |
| Dividends & Interest | $180,784 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,535 |
| Capital Gain Net Income | $15,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$31,130 |
| Total Revenue | $180,339 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,619 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $142,921 |
| Contributions, gifts, grants paid | $785,500 |
| Total expenses and disbursements | $928,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,693 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,364,869 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,285,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The William N And Bernice E Bumpus Foundation has awarded $785,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: BUMPUS FELLOWSHIP AND INNOVATION AWARDS | $155,000 |
CORK UNIVERSITY FOUNDATION PURPOSE: BUMPUS INNOVATION AWARD | $120,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: BUMPUS INNOVATION AWARD | $100,000 |
THE WHITEHEAD INSTITUTE PURPOSE: BUMPUS FELLOWSHIP AWARD | $100,500 |
NORTHWESTERN UNIVERSITY PURPOSE: BUMPUS FELLOWSHIP AND INNOVATION AWARDS | $155,000 |
WASHINGTON UNIVERSITY PURPOSE: BUMPUS FELLOWSHIP AND INNOVATION AWARDS | $100,000 |