Bainum Family Foundation
- Assets
- $0.0
- Revenue
- $61.0m
- Investments
- $746.0m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 03/1969
- Data as of
- 06/2021
- EIN
- 23-7000192
Organization Overview
Bainum Family Foundation is located in Bethesda, MD. The organization was established in 1969. 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. Bainum Family 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 06/2021, Bainum Family Foundation generated $61.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $39.4m during the year ending 06/2021. While expenses have increased by 15.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bainum Family Foundation has awarded 556 individual grants totaling $23,807,643. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DC INITIATIVE- THE D.C. WARDS 7 AND 8 INITIATIVE: EARLY LEARNING: THE FIRST FEW YEARS OF LIFE ARE CRITICALLY IMPORTANT AND CAN AFFECTLEARNING, BEHAVIOR AND HEALTH OVER AN ENTIRE LIFETIME, WE SUPPORT CHILDREN'S HEALTHY DEVELOPMENT AND LEARNING FROM BIRTH TO AGE 3.UNDER OUR CURRENT STRATEGIC PLAN, WE HAVE FOCUSED ON INCREASINGTHE NUMBER OF HIGH-QUALITY EARLY LEARNING SEATS FOR INFANTS AND TODDLERS. HIGH-QUALITY EARLY LEARNING PROGRAMS ARE DESIGNED TO COMPREHENSIVELY SUPPORT A CHILD'S SOCIAL, EMOTIONAL, PHYSICAL AND COGNITIVE DEVELOPMENT, WHILE ENCOURAGING AND SUPPORTING FAMILY ENGAGEMENT. WE ALSO HELP INCREASE ACCESS TO HEALTH AND WELL-BEING SERVICES FOR YOUNG CHILDREN AND FAMILIES.SCHOOL MENTAL HEALTH: WORKING WITH A RANGE OR PARTNERS BOTH NATIONALLY AND LOCALLY, THE FOUNDATION HAS RESEARCHED, IMPLEMENTED AND SHARED SUSTAINABLE BEST PRACTICES TO BUILD THE CAPACITY FOR SCHOOLS TO ESTABLISH COMPREHENSIVE, HIGH-QUALITY SCHOOL MENTAL HEALTH SUPPORT SYSTEMS.
SEVENTH-DAY ADVENTIST INITIATIVE- TO HONOR OUR FOUNDERS' COMMITMENT TO FAITH-BASED EDUCATION, THE FOUNDATION'S SEVENTH-DAY ADVENTIST (SDA) INITIATIVE WORKS TO SUPPORT ADVENTIST SCHOOLS, CHURCHES, HOSPITALS AND OTHER ORGANIZATIONS IN CREATING ENVIRONMENTS WHERE ALL CHILDREN AND FAMILIES HAVE EQUITABLE OPPORTUNITIES AND RESOURCES TO THRIVE.
FOOD SECURITY INITIATIVE AND FARM- OUR FOOD SECURITY INITIATIVE IN COLLABORATION WITH THE BAINUM FOUNDATION FARM, LLC WORKS WITH A RANGE OF PARTNERS TO CREATE A HEALTHIER, MORE EQUITABLE AND MORE ECOLOGICALLY SOUND FOOD SYSTEM IN THE D.C. REGION. ONE THAT NOURISHES CHILDREN, FAMILIES AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bainum Chair | 3 | $0 | |
David Daniels CEO | 40 | $474,396 | |
Mae Cheung Secretary | 40 | $177,977 | |
Alexander Froom Director | 1 | $0 | |
Charles Ledsinger Director | 1 | $0 | |
Scott Renschler Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reinvestment Fund | 6/29/22 | $1,604,297 |
Catapult Design | 6/29/22 | $768,862 |
The Rock Creek Group | 6/29/22 | $891,595 |
Leadership Montgomery Educational Fnd Inc | 6/29/22 | $300,000 |
Public Access Corporation Of Dc | 6/29/22 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,202,500 |
| Interest on Savings | $11,138 |
| Dividends & Interest | $7,688,541 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,906,670 |
| Total Revenue | $60,953,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $664,493 |
| Pension plans, employee benefits | $1,108,145 |
| Depreciation | $268,621 |
| Occupancy | $465,292 |
| Travel, conferences, and meetings | $99,283 |
| Printing and publications | $4,713 |
| Total operating and administrative expenses | $35,469,740 |
| Contributions, gifts, grants paid | $3,884,702 |
| Total expenses and disbursements | $39,354,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,697,871 |
| Investments—mortgage loans | $0 |
| Investments—other | $633,021,798 |
| Other assets | $12,829,250 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,593,857 |
Grants Awarded
Over the last fiscal year, Bainum Family Foundation has awarded $4,141,507 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF PEDIATRICS PURPOSE: THRIVE COALITION | $100,000 |
AGA KHAN FOUNDATION PURPOSE: RESPONSIVE CARE AND EARLY LEARNING FOR CHILDREN 3-6 YEARS IN BIHAR | $150,000 |
AMERICAN HEART ASSOCIATION PURPOSE: PLANNING PROCESS TO IMPROVE THE HEALTH AND WELL-BEING OF FLORIDA'S YOUNGEST CHILDREN ANDFAMILIES | $100,000 |
AMERICAN PARKINSON DISEASE ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $200 |
ARCHDIOCESE OF ST PAUL AND MINNEAPOLIS PURPOSE: REGRANT IN SUPPORT OF THE DISPLACED CARMELITES OF OUR LADY OF DIVINE PROVIDENCE, CARMELITE MONASTERY, LAKE ELMO, MN | $150 |
ARIZAE FOUNDATION PURPOSE: SUPPORT OF LVIV IT CLUSTERS WORK WITH UKRAINE REFUGEES | $100 |