Buchan Foundation
- Assets
- $625.2k
- Revenue
- $111.6k
- Investments
- $194.6k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-6793594
Organization Overview
Buchan Foundation is located in Palm Beach, FL. The organization was established in 2015. 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. Buchan 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 12/2023, Buchan Foundation generated $111.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $27.3k during the year ending 12/2023. 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 |
|---|---|---|---|
Hannah F Buchan Co-Trustee | 1 | $0 | |
Allan B Rappleyea ESQ Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,021 |
| Dividends & Interest | $26,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,315 |
| Capital Gain Net Income | $76,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $1,485 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $31 |
| Other expenses | $3,850 |
| Total operating and administrative expenses | $7,317 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $27,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $430,584 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $625,190 |
| 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 | $1,205 |
| Total liabilities | $1,205 |
Grants Awarded
Over the last fiscal year, Buchan Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DUTCHESS LAND CONSERVANCY PURPOSE: TO PRESERVE THE SCENIC, AGRICULTURAL AND ENVIRONMENTAL RESOURCES OF DUTCHESS COUNTY, NEW YORK, AND THE SURROUNDING AREA. | $10,000 |
UNIV OF N CAROLINA CHAPEL HILL ARTS & SCIENCES FDN PURPOSE: TO SUPPORT THE UNIVERSITY'S ARTS & SCIENCES FOUNDATION | $10,000 |