Peter Alfond Foundation
- Assets
- $75.4m
- Revenue
- $963.2k
- Investments
- $73.5m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 22-3267949
Organization Overview
Peter Alfond Foundation is located in Bethesda, MD. The organization was established in 1994. 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. Peter Alfond 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 12/2022, Peter Alfond Foundation generated $963.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Peter Alfond Foundation has awarded 231 individual grants totaling $74,281,206. 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
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebekah Alfond Trustee | 7 | $0 | |
Kyle Alfond Trustee | 5 | $0 | |
Sarah Benson Resigned 1022 Trustee | 1 | $0 | |
Deborah Alfond Trustee | 1 | $0 | |
Jairo Estrada Trustee | 7 | $0 | |
Barbara Crowley Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intentional Philanthrophy Llc | 12/30/22 | $245,136 |
Jp Morgan Chase Bank | 12/30/22 | $204,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $9,253 |
| Dividends & Interest | $1,801,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$922,844 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $963,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $166,543 |
| Pension plans, employee benefits | $27,778 |
| Interest | $0 |
| Taxes | $35,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $83,884 |
| Printing and publications | $0 |
| Other expenses | $44,616 |
| Total operating and administrative expenses | $936,257 |
| Contributions, gifts, grants paid | $4,266,710 |
| Total expenses and disbursements | $5,202,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,519 |
| Savings and temporary cash investments | $1,413,222 |
| 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 | $73,543,458 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $75,397,199 |
| Accounts payable and accrued expenses | $25,982 |
| 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 | $25,982 |
Grants Awarded
Over the last fiscal year, Peter Alfond Foundation has awarded $4,266,710 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
A CLIMATE TO THRIVE PURPOSE: MAINE YOUTH FOR CLIMATE JUSTICE | $30,000 |
APEX YOUTH CONNECTION PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
AL SOL DE HOY PURPOSE: HURRICANE FIONA AID | $5,000 |
APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC PURPOSE: EL JOSCO BRAVO COMPOSTING PROJECT | $40,000 |
APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC PURPOSE: EL JOSCO BRAVO AGROECOLOGIICAL PROJECT | $25,000 |
APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC PURPOSE: EL JOSCO BRAVO HURRICANE FIONA AID | $4,000 |