Bunting Family Foundation Inc
- Assets
- $77.2m
- Revenue
- $11.6m
- Investments
- $74.9m
- Employees
- 0
- Location
- Hunt Valley, MD
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 52-1724988
Organization Overview
Bunting Family Foundation Inc is located in Hunt Valley, MD. The organization was established in 1991. 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. Bunting 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 12/2021, Bunting Family Foundation Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bunting Family Foundation Inc has awarded 629 individual grants totaling $24,172,774. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Bunting Jr Director | 0.3 | $0 | |
Mary Catherine Bunting Director | 0.3 | $0 | |
Jeffrey G Bunting Director | 1.5 | $0 | |
Marc G Bunting Director | 1.5 | $0 | |
Mary Ellen Kranzlin Director | 1.5 | $0 | |
Christopher L Bunting President & CEO | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,705,057 |
| Interest on Savings | $17 |
| Dividends & Interest | $43,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,439,114 |
| Capital Gain Net Income | $5,439,114 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,438,577 |
| Total Revenue | $11,626,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $352,890 |
| Taxes | $250,330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,326 |
| Total operating and administrative expenses | $922,687 |
| Contributions, gifts, grants paid | $7,201,274 |
| Total expenses and disbursements | $8,123,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,367,684 |
| 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 | $73,734,189 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,241,028 |
| Accounts payable and accrued expenses | $100,493 |
| 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 | $100,493 |
Grants Awarded
Over the last fiscal year, Bunting Family Foundation Inc has awarded $7,201,274 in support to 156 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATED CATHOLIC CHARITIES - BALTIMORE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $305,424 |
Annapolis, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $305,424 |
CATHOLIC CHARITIES - BALTIMORE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $250,000 |
Annapolis, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $235,000 |
San Francisco, CA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $230,979 |
JOHNS HOPKINS UNIVERSITY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $230,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |