Bayer Family Fund Inc
- Assets
- $29.3m
- Revenue
- $1.4m
- Investments
- $28.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 11/2023
- EIN
- 13-4085263
Organization Overview
Bayer Family Fund Inc is located in New York, NY. The organization was established in 1999. 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. Bayer Family Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Bayer Family Fund Inc has awarded 103 individual grants totaling $15,725,049. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
CREATION OF WEBSITE TO EDUCATE THE PUBLIC ON THE BENEFITS OF DECENTRALIZED SOCIAL MEDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Bayer President | 1 | $0 | |
David B Slifka Vice-President | 1 | $0 | |
Robert Hirt Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $529,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $558,921 |
| Capital Gain Net Income | $557,448 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $275,281 |
| Total Revenue | $1,363,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,768 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101,865 |
| Total operating and administrative expenses | $182,558 |
| Contributions, gifts, grants paid | $1,677,802 |
| Total expenses and disbursements | $1,860,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,320,514 |
| Savings and temporary cash investments | $0 |
| 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 | $15,548,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,316,247 |
| 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 | $6,173 |
| Total liabilities | $6,173 |
Grants Awarded
Over the last fiscal year, Bayer Family Fund Inc has awarded $1,677,802 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AARP FOUNDATION PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $50 |
70FACESMEDIAORG PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $189 |
AMIT CHILDREN PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $640 |
BRONX CONSERVATORY OF MUSIC INC PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $1,000 |
CENTRAL PARK CONSERVANCY PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $250 |
FRIENDS OF THE RYE NATURE CENTER PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $1,000 |