Bristol-Myers Squibb Foundation Inc
- Assets
- $68.8m
- Revenue
- $5.6m
- Investments
- $44.0m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 13-3127947
Organization Overview
Bristol-Myers Squibb Foundation Inc is located in Princeton, NJ. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Bristol-Myers Squibb Foundation Inc 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 12/2023, Bristol-Myers Squibb Foundation Inc generated $5.6m 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 (37.6%) each year. All expenses for the organization totaled $87.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bristol-Myers Squibb Foundation Inc has awarded 32,481 individual grants totaling $396,999,712. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROBERT A. WINN DIVERSITY IN CLINICAL TRIALS CAREER DEVELOPMENT PROGRAM ("THE PROGRAM") IS A STRATEGIC INITIATIVE OF BRISTOL MYERS SQUIBB FOUNDATION WHICH IS DESIGNED TO SUPPORT THE CAREER DEVELOPMENT OF EARLY STAGE INVESTIGATOR PHYSICIANS WHO ARE UNDERREPRESENTED IN MEDICINE IN THE U.S., AND INCREASE DIVERSITY IN CLINICAL TRIALS AND TRANSFORM THE CLINICAL RESEARCH LANDSCAPE. THROUGH ITS GRANT PARTNERS, THE FOUNDATION SUPPORTS THE PROGRAM WHICH AWARDS GRANTS TO SCHOLARS ATTENDING US BASED MEDICAL INSTITUTIONS. DURING THE YEAR, THE FOUNDATION SUPPORTED AN ANNUAL CONVENING MEETING AND A DESIGN THINKING WORKSHOP IN SUPPORT OF THE PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catharine Grimes Director & President | 1 | $0 | |
David Elkins Director | 1 | $0 | |
Samit Hirawat Director | 1 | $0 | |
Sandra Leung Director | 1 | $0 | |
Christopher Boerner Director | 1 | $0 | |
Cari Gallman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $861,446 |
| Interest on Savings | $3,809,368 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $939,327 |
| Total Revenue | $5,610,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,450 |
| Printing and publications | $0 |
| Other expenses | $134,384 |
| Total operating and administrative expenses | $197,834 |
| Contributions, gifts, grants paid | $86,901,493 |
| Total expenses and disbursements | $87,099,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,919,342 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $12,693,785 |
| 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 | $43,975,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $214,441 |
| Total assets | $68,802,568 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $109,123,024 |
| 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 | $109,123,024 |
Grants Awarded
Over the last fiscal year, Bristol-Myers Squibb Foundation Inc has awarded $86,332,354 in support to 9,817 organizations.
| Grant Recipient | Amount |
|---|---|
101 INC PURPOSE: EMPLOYEE GIVING PROGRAM | $250 |
101 INC PURPOSE: EMPLOYEE GIVING PROGRAM | $103 |
15 WHITE COATS INC PURPOSE: EMPLOYEE GIVING PROGRAM | $2,551 |
24 FOUNDATION INC PURPOSE: EMPLOYEE GIVING PROGRAM | $200 |
262 WITH DONNA NATIONAL MARATHON TO FIGHT BREAST CANCER INC PURPOSE: EMPLOYEE GIVING PROGRAM | $50 |
305 PINK PACK INC PURPOSE: EMPLOYEE GIVING PROGRAM | $1,320 |