Orlean And Ralph W Beeson Fund
- Assets
- $56.5m
- Revenue
- $3.6m
- Investments
- $7.1m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 57-0885634
Organization Overview
Orlean And Ralph W Beeson Fund, operating under the name The Beeson Fund, is located in Birmingham, AL. The organization was established in 1989. 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. Beeson Fund 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, Beeson Fund generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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 2014, Beeson Fund has awarded 666 individual grants totaling $14,673,300. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND IS DEVOTED TO THE BENEFIT OF MANKIND THROUGH THE AWARD OF GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE FUND AWARDED $1,980,086 MILLION IN GRANTS TO MAKE AN IMPACT ON OUR WORLD AND ITS PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sumner Starling Director | Trustee | 1 | $0 |
Beth Adams Director | Trustee | 1 | $0 |
Tom Adams Director | Trustee | 1 | $0 |
Margaret Brunstad Vice-President | OfficerTrustee | 1 | $0 |
John Johnson Director | Trustee | 1 | $0 |
Bud Keller President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,579,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,027,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,607,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $55,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $207,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,393 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,249,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,570,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $47,826,499 |
| Investments—other securities | $7,070,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,479,601 |
| Accounts payable and accrued expenses | $1,764,715 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,764,715 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $54,714,886 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $54,714,886 |
Grants Awarded
Over the last fiscal year, Orlean And Ralph W Beeson Fund has awarded $1,723,393 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
AIDS ALABAMA INC PURPOSE: THE WAY STATION - A SAFE PLACE FOR BIRMINGHAM'S HOMELESS YOUTH | $10,000 |
ALABAMA INTERFAITH REFUGEE PARTNERS PURPOSE: PROVIDE SUPPORT FOR ASYLUM SEEKING FAMILIES AND OPERATING SUPPORT | $55,761 |
ALABAMA APPLESEED CENTER FOR LAW AND JUSTICE PURPOSE: FRESH START RE-ENTRY SUPPORT | $10,000 |
ALABAMA SHERIFF'S YOUTH RANCH PURPOSE: PROGRAM SUPPORT | $6,010 |
ALAQUEST COLLABORATIVE FOR EDUCATION PURPOSE: BUILD STUDENT PROFICIENCY IN SOCIAL/EMOTIONAL LEARNING | $7,500 |
ALZHEIMER'S OF CENTRAL AL PURPOSE: COVER COSTS OF NUTRITIONAL PROGRAM FOR 105 CLIENTS FOR TWO MONTHS | $5,500 |