Bacchetta Foundation
- Assets
- $25.8m
- Revenue
- $6.3m
- Investments
- $20.7m
- Employees
- 0
- Location
- National Park, NJ
- Founding
- 02/2012
- Data as of
- 12/2020
- EIN
- 45-2554800
The information for Bacchetta Foundation is as of the organization's most recent filing in December 2019. This organization is located in Lawrenceville, NJ and has been in existence for 7 years, following its founding in 2012.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Bacchetta Foundation's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments and are focused primarily on grantmaking. These foundations are generally endowed, usually from a single individual or family.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has four years of grant history for the Bacchetta Foundation. In that time they have awarded 35 grants, with an average check size of $463,093. Most of the grants were awarded in the Philanthropy, Voluntarism & Grantmaking Foundations (4), Voluntary Health Associations & Medical Disciplines (4), and Health Care (3) sectors. The organization most frequently awards grants in the states of New Jersey (6), New York (15), Pennsylvania (4), and Massachusetts (10).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Milstein President | 0 | $0 | |
Carol Milstein Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $449,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,819,879 |
| Capital Gain Net Income | $5,819,879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $345 |
| Total Revenue | $6,269,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $34,819 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,286 |
| Total operating and administrative expenses | $150,800 |
| Contributions, gifts, grants paid | $2,796,825 |
| Total expenses and disbursements | $2,947,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,079,154 |
| 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 | $4,914,165 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,905 |
| Total assets | $25,783,861 |
| 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, Bacchetta Foundation has awarded $2,846,494 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PHILANTHROPIC ACCOUNT FUNDING | $1,630,000 |
New York, NY PURPOSE: ULCERATIVE COLITIS GENETICS INIATIVE | $647,657 |
New York, NY PURPOSE: MEDICAL RESEARCH | $319,354 |
JEWISH FAMILY AND CHILDREN'S SERVICES PURPOSE: SOCIAL SERVICES | $184,210 |
ABRAMS HEBREW ACADEMY PURPOSE: SCHOLARSHIPS | $65,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |