Victor E Jr & Jane M Bell Family Foundation
- Assets
- $3.0m
- Revenue
- $173.2k
- Investments
- $2.9m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 56-2019191
Organization Overview
Victor E Jr & Jane M Bell Family Foundation is located in Raleigh, NC. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Victor E Jr & Jane M Bell Family 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 12/2022, Victor E Jr & Jane M Bell Family Foundation generated $173.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $170.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Victor E Jr & Jane M Bell Family Foundation has awarded 301 individual grants totaling $749,475. 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 |
|---|---|---|---|
Victor E Bell III Chair, Vice-President, Secretary | 0 | $0 | |
Mary Grady Koonce Bell Vice Chair, President, Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $61 |
| Dividends & Interest | $11,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,641 |
| Capital Gain Net Income | $11,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,117 |
| Contributions, gifts, grants paid | $162,000 |
| Total expenses and disbursements | $170,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,520 |
| 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 | $3,016,442 |
| 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, Victor E Jr & Jane M Bell Family Foundation has awarded $162,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE MEDICAL MINISTRY PURPOSE: DONATION | $250 |
B ROBERT WILLIAMSON JR FOUNDATION PURPOSE: DONATION | $100 |
AMERICAN CANCER SOCIETY PURPOSE: DONATION | $100 |
BOSTON PUBLIC LIBARY FUND PURPOSE: DONATION | $50 |
BOYS & GIRLS CLUB OF WAKE COUNTY PURPOSE: DONATION | $250 |
CLASSICAL AMERICAN HOMES PRESERVATION TRUST PURPOSE: DONATION | $500 |