Burnham Family Foundation
- Assets
- $43.9m
- Revenue
- $26.8m
- Investments
- $43.4m
- Employees
- 0
- Location
- Old Lyme, CT
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 35-6951044
Organization Overview
Burnham Family Foundation is located in Old Lyme, CT. The organization was established in 2013. 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. Burnham 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 12/2021, Burnham Family Foundation generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.1% each year . All expenses for the organization totaled $317.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Burnham Family Foundation has awarded 11 individual grants totaling $4,862,418. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Bradford Burnham III President/trustee | 0.5 | $0 | |
Mary Buttrick Burnham Secretary & Treasurer/trustee | 0.5 | $0 | |
Sofia Garcelon Executive Director | 40 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,027,208 |
| Interest on Savings | $266 |
| Dividends & Interest | $440,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,386,018 |
| Capital Gain Net Income | $16,386,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,729 |
| Total Revenue | $26,838,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25 |
| Taxes | $21,840 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $128 |
| Printing and publications | $0 |
| Other expenses | $160,630 |
| Total operating and administrative expenses | $296,197 |
| Contributions, gifts, grants paid | $21,068 |
| Total expenses and disbursements | $317,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,695 |
| Savings and temporary cash investments | $0 |
| 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 | $37,094,115 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,937,932 |
| 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 |
Grants Awarded
Over the last fiscal year, Burnham Family Foundation has awarded $2,795,744 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE PURPOSE: CHARITABLE CONTRIBUTION | $300,000 |
FIDELITY CHARITABLE PURPOSE: CHARITABLE CONTRIBUTION | $1,001,851 |
FIDELITY CHARITABLE PURPOSE: CHARITABLE CONTRIBUTION | $186,303 |
FIDELITY CHARITABLE PURPOSE: CHARITABLE CONTRIBUTION | $806,464 |
FIDELITY CHARITABLE PURPOSE: CHARITABLE CONTRIBUTION | $501,126 |