Beveridge Family Foundation Inc
- Assets
- $56.8m
- Revenue
- $2.3m
- Investments
- $54.6m
- Employees
- 0
- Location
- West Newbury, MA
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 31-1698286
Organization Overview
Beveridge Family Foundation Inc is located in West Newbury, MA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Beveridge Family 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, Beveridge Family Foundation Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Beveridge Family Foundation Inc has awarded 1,164 individual grants totaling $22,467,692. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward S Caswell President/director | 40 | $194,000 | |
Philip Caswell Emeritus | 0.5 | $0 | |
Ruth S Dupont Director | 0.5 | $0 | |
Leah Beveridge Richardson Clerk | 1 | $0 | |
Christa Palmer Bigue Director | 0.5 | $0 | |
Peter Weston Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brandes Investment Partners | 12/30/21 | $95,331 |
Wells Fargo | 12/30/21 | $58,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,203,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,063,826 |
| Capital Gain Net Income | $1,063,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,163 |
| Total Revenue | $2,269,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $231,442 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,122 |
| Interest | $0 |
| Taxes | $150,163 |
| Depreciation | $7,652 |
| Occupancy | $17,304 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,724 |
| Total operating and administrative expenses | $991,440 |
| Contributions, gifts, grants paid | $2,571,596 |
| Total expenses and disbursements | $3,563,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,759,561 |
| 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 | $62,918 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,398,367 |
| Net Land, buildings, and equipment | $7,377 |
| Other assets | $367,696 |
| Total assets | $56,758,354 |
| Accounts payable and accrued expenses | $46,693 |
| 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 | $30,000 |
| Total liabilities | $76,693 |
Grants Awarded
Over the last fiscal year, Beveridge Family Foundation Inc has awarded $2,571,596 in support to 122 organizations.
| Grant Recipient | Amount |
|---|---|
AMELIA PARK CHILDREN'S MUSEUM PURPOSE: THE PIGGY BANK, A FINANCIAL LITERACY PROJECT/PROGRAM | $11,500 |
AMERICAN RED CROSS OF WESTERN MASSACHUSETTS PURPOSE: BUILDING BLOOD COLLECTION CAPACITY WITH NEW EQUIPMENT | $10,000 |
BAY PATH UNIVERSITY PURPOSE: 2022 QUALIFIED DISCRETIONARY DISTRIBUTION | $5,000 |
BLUES TO GREEN PURPOSE: 2022 QUALIFIED DISCRETIONARY DISTRIBUTION | $5,000 |
BAYSTATE MEDICAL CENTER PURPOSE: DIGITAL SKILLS INITIATIVE (DSI) | $25,000 |
CANDID PURPOSE: 2022 QUALIFIED DISCRETIONARY DISTRIBUTION | $5,000 |