Buchanan Family Foundation Inc
- Assets
- $3.6m
- Revenue
- $633.8k
- Investments
- $3.5m
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 52-2264894
Organization Overview
Buchanan Family Foundation Inc is located in Potomac, MD. The organization was established in 2001. 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. Buchanan 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 12/2022, Buchanan Family Foundation Inc generated $633.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $247.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Buchanan Family Foundation Inc has awarded 192 individual grants totaling $1,165,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Buchanan President | 0.1 | $0 | |
Sharon B Buchanan Vice President | 0.1 | $0 | |
Ryan B Buchanan Director | 0.1 | $0 | |
Shannon B Stephens Secretary | 0.1 | $0 | |
Kirsten B Quigley Treasurer | 0.4 | $0 | |
G Chris Stephens MD Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $511,203 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,181 |
| Capital Gain Net Income | $47,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $633,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,423 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,501 |
| Total operating and administrative expenses | $31,524 |
| Contributions, gifts, grants paid | $216,000 |
| Total expenses and disbursements | $247,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189 |
| Savings and temporary cash investments | $31,496 |
| 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 | $3,567,803 |
| 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, Buchanan Family Foundation Inc has awarded $216,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF GREATER WASHINGTON PURPOSE: CHARITABLE | $22,000 |
BENEATH THE WAVES PURPOSE: CHARITABLE | $1,000 |
BLUEGRASS MIRACLE LEAGUE (ROTARY CLUB OF LEXINGTON) PURPOSE: CHARITABLE | $2,000 |
CODE TENDERLOIN PURPOSE: CHARITABLE | $2,000 |
CORAL RESTORATION FOUNDATION PURPOSE: CHARITABLE | $5,000 |
DC CENTRAL KITCHEN PURPOSE: CHARITABLE | $2,000 |