Baltimore Community Foundation Inc
- Assets
- $250.9m
- Revenue
- $31.5m
- Investments
- $163.1m
- Employees
- 31
- Location
- Baltimore, MD
- Founding
- 10/1972
- Data as of
- 12/2022
- EIN
- 23-7180620
Organization Overview
Baltimore Community Foundation Inc is located in Baltimore, MD. The organization was established in 1972. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Baltimore Community Foundation Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Community 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 12/2022, Baltimore Community Foundation Inc generated $31.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $39.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Baltimore Community Foundation Inc has awarded 3,752 individual grants totaling $182,050,282. 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 Mission:
Part 3 - Line 1
BALTIMORE COMMUNITY FOUNDATION'S MISSION IS TO INSPIRE DONORS TO ACHIEVE THEIR CHARITABLE GOALS
Describe the Organization's Program Activity:
DONOR-ADVISED GRANTS: BCF PROVIDES PROFESSIONAL GRANTMAKING SERVICES AND ADMINISTRATION OF DONOR-ADVISED FUNDS, WHICH ALLOW INDIVIDUAL AND CORPORATE DONORS TO RECOMMEND GRANTS TO NONPROFIT ORGANIZATIONS OF THEIR CHOICE. BCF HAS 451 DONOR-ADVISED FUNDS RANGING IN SIZE FROM $10,000 TO $25,000,000. BCF ENCOURAGES PHILANTHROPY BY PROVIDING THIS CONVENIENT VEHICLE FOR DONORS TO ACHIEVE THEIR CHARITABLE OBJECTIVES. BCF WELCOMES THE OPPORTUNITY TO PARTNER WITH DONORS WHO WANT TO BE ACTIVELY INVOLVED IN GRANTMAKING.
CIVIC LEADERSHIP: BCF ADDRESSES COMMUNITY ISSUES USING GRANTS, PROGRAM INITIATIVES AND ADVOCACY. CURRENT PRIORITIES FOR THESE EFFORTS ARE EDUCATION AND NEIGHBORHOODS. GRANTS ARE MADE POSSIBLE LARGELY BY DISCRETIONARY ENDOWMENTS ENTRUSTED TO BCF BY DONORS. ADVOCACY EFFORTS ARE SUPPORTED BY ANNUAL GIFTS AND AN ENDOWMENT FOR CIVIC LEADERSHIP. BCF PROGRAMS INCLUDE: THE CENTRAL MARYLAND TRANSPORTATION ALLIANCE. BCF WORKS WITH PARTNERS FROM THE PUBLIC, PRIVATE AND NONPROFIT SECTORS TO ACHIEVE ITS CIVIC LEADERSHIP GOALS, AND OFFERS DONORS THE OPPORTUNITY TO LEARN AND GIVE TOGETHER TO MAKE BALTIMORE BETTER.
DESIGNATED FUNDS: BCF MANAGES CHARITABLE FUNDS ESTABLISHED TO BENEFIT A SPECIFIC ORGANIZATION OR PROGRAM. ORGANIZATIONS OR INDIVIDUAL DONORS WHO CREATE THESE FUNDS BENEFIT FROM BCF'S INVESTMENT MANAGEMENT, ADHERENCE TO DONOR INTENT ANDIN THE CASE OF ENDOWMENTASSURANCE OF PERMANENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Angelos Board Member | Trustee | 0.3 | $0 |
Lillian Bauder Board Member | Trustee | 0.3 | $0 |
Patti Baum Vice-Chair | OfficerTrustee | 1 | $0 |
Ellen Bernard Board Member | Trustee | 0.3 | $0 |
Tom Bozzuto Chair | OfficerTrustee | 1 | $0 |
Calvin Butler Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bnr Technologies Llc Technology Consulting | 12/30/20 | $157,950 |
Venable Llp Legal | 12/30/20 | $102,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $140,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,804,750 |
| Noncash contributions included in lines 1a–1f | $7,687,971 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,944,750 |
| Total Program Service Revenue | $0 |
| Investment income | $4,582,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,657,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,460,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,366,586 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $913,387 |
| Compensation of current officers, directors, key employees. | $913,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,839,165 |
| Pension plan accruals and contributions | $145,754 |
| Other employee benefits | $124,084 |
| Payroll taxes | $190,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,700 |
| Fees for services: Accounting | $58,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $601,381 |
| Fees for services: Other | $498,212 |
| Advertising and promotion | $128,564 |
| Office expenses | $217,098 |
| Information technology | $119,389 |
| Royalties | $0 |
| Occupancy | $79,855 |
| Travel | $40,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,335 |
| Interest | $105,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,350 |
| Insurance | $43,909 |
| All other expenses | $117,314 |
| Total functional expenses | $39,425,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,047,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,127,660 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118,569 |
| Net Land, buildings, and equipment | $221,226 |
| Investments—publicly traded securities | $79,873,986 |
| Investments—other securities | $163,055,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,424,067 |
| Total assets | $250,868,287 |
| Accounts payable and accrued expenses | $293,087 |
| Grants payable | $2,961,320 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,389,043 |
| Total liabilities | $15,643,450 |
| Net assets without donor restrictions | $231,907,271 |
| Net assets with donor restrictions | $3,317,566 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $250,868,287 |
Grants Awarded
Over the last fiscal year, Baltimore Community Foundation Inc has awarded $31,883,263 in support to 575 organizations.
| Grant Recipient | Amount |
|---|---|
UMBC FOUNDATION PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $507,500 |
FIRST FRUITS FARM INC PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $406,750 |
ENOCH PRATT FREE LIBRARY OF BALTIMORE CITY PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $392,267 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $4,408,611 |
UPSURGE BALTIMORE LLC PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $2,488,878 |
THE UNITED WAY OF CENTRAL MARYLAND INC PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $904,638 |