Mary Catherine Bunting Fundation
- Assets
- $94.2m
- Revenue
- $14.6m
- Investments
- $94.2m
- Employees
- 0
- Location
- Hunt Valley, MD
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 52-2106057
Organization Overview
Mary Catherine Bunting Fundation is located in Hunt Valley, MD. The organization was established in 1998. 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. Mary Catherine Bunting Fundation 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, Mary Catherine Bunting Fundation generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $6.5m during the year ending 12/2022. While expenses have increased by 39.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mary Catherine Bunting Fundation has awarded 84 individual grants totaling $12,983,332. 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
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Catherine Bunting Chairman/director (thru 6/22) | 1 | $0 | |
Christopher L Bunting Director | 1 | $0 | |
Geraldine Fialkowski Director | 1 | $0 | |
Jack Bovaird Director | 1 | $0 | |
Marc G Bunting Director | 1 | $0 | |
Kevin D Irwin Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,049,614 |
| Interest on Savings | $0 |
| Dividends & Interest | $676,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,343,560 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$768,577 |
| Total Revenue | $14,613,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,651 |
| Taxes | $363,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,260 |
| Total operating and administrative expenses | $509,248 |
| Contributions, gifts, grants paid | $6,000,167 |
| Total expenses and disbursements | $6,509,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,768 |
| 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 | $92,917,052 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,242,807 |
| 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, Mary Catherine Bunting Fundation has awarded $6,000,167 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: IMPROVE THE LIVES OF PEOPLE WITH CANCER AND THEIR FAMILIES THROUGH ADVOCACY, RESEARCH, AND PATIENT SUPPORT, TO ENSURE EVERYONE HAS AN OPPORTUNITY TO PREVENT, DETECT, TREAT, AND SURVIVE CANCER | $25,000 |
AMERICAN RED CROSS PURPOSE: TO HELP PREVENT AND ALLEVIATE HUMAN SUFFERING IN THE FACE OF EMERGENCIES | $40,000 |
AMERICAN VISIONARY ART MUSEUM PURPOSE: CREATE AND OPERATE A MUSEUM AND LEARNING CENTER DEDICATED TO THE WORK OF VISIONARY ARTISTS | $10,000 |
BALTIMORE COMMUNITY FOUNDATION PURPOSE: TO IMPROVE THE QUALITY OF LIFE IN BALTIMORE | $140,000 |
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: MAINTAINING DEEP BONDS THROUGHOUT MARYLAND THROUGH INNOVATIVE EDUCATION AND COMMUNITY OUTREACH INITIATIVES. | $20,000 |
BENEDICTINE SISTERS OF BALTIMORE PURPOSE: A COMMUNITY OF MONASTIC WOMEN WHO FOLLOW THE RULE OF BENEDICT AND ENDEAVOR TO BRING THE RICHNESS OF A 1500 YEAR TRADITION INTO TODAY'S WORLD | $20,000 |