Jack Buncher Foundation
- Assets
- $186.3m
- Revenue
- $20.7m
- Investments
- $181.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1974
- Data as of
- 11/2021
- EIN
- 23-7366998
Organization Overview
Jack Buncher Foundation is located in Pittsburgh, PA. The organization was established in 1974. 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. Jack Buncher 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 11/2021, Jack Buncher Foundation generated $20.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $23.6m during the year ending 11/2021. While expenses have increased by 9.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernita Buncher Deceased - 12321 President | 10 | $0 | |
Thomas J Balestrieri VP | 1 | $0 | |
Joseph M Jakovic Secretary | 1 | $0 | |
H Willam Doring Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,683 |
| Dividends & Interest | $17,346,112 |
| Net Rental Income | $949,217 |
| Net Gain on Sale of Assets | $2,327,305 |
| Capital Gain Net Income | $2,327,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,797 |
| Total Revenue | $20,652,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $131,358 |
| Pension plans, employee benefits | $2,558 |
| Interest | $0 |
| Taxes | $219,481 |
| Depreciation | $0 |
| Occupancy | $4,286 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,402 |
| Total operating and administrative expenses | $550,929 |
| Contributions, gifts, grants paid | $23,045,647 |
| Total expenses and disbursements | $23,596,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,967 |
| Savings and temporary cash investments | $2,834,056 |
| 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 | $1,110,026 |
| Investments—mortgage loans | $0 |
| Investments—other | $43,155,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $165,000 |
| Total assets | $186,289,895 |
| 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 | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |