Orlean And Ralph W Beeson Fund
- Assets
- $53.1m
- Revenue
- $1.7m
- Investments
- $6.8m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/1989
- Data as of
- 12/2020
- 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 12/2020, Beeson Fund generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Beeson Fund has awarded 598 individual grants totaling $12,949,907. 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
2020
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 2021, THE FUND AWARDED $1,945,903 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 |
|---|---|---|---|
Houston Cook Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bud Keller Vice-President | OfficerTrustee | 1 | $0 |
Donna Smith President | OfficerTrustee | 1 | $0 |
Denise Moore Executive Director | Officer | 5 | $0 |
Sumner Starling Director | Trustee | 1 | $0 |
Lyda White Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,163,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $585,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,748,832 |
| 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 | $68,466 |
| 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 | $2,328,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,477,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,824 |
| 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 | $44,782,136 |
| Investments—other securities | $6,838,386 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,115,253 |
| Accounts payable and accrued expenses | $1,632,825 |
| 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 | $1,632,825 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $51,482,428 |
Grants Awarded
Over the last fiscal year, Orlean And Ralph W Beeson Fund has awarded $1,784,302 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
IPC PURPOSE: SUPPORT MINISTRY AND SOCIAL SERVICES | $290,000 |
Birmingham, AL PURPOSE: FUND THE POSITION OF CHAPLAIN FOR THE 2022 CALENDAR YEAR | $108,972 |
Birmingham, AL PURPOSE: GENERAL OPERATING SUPPORT FOR EMERGENCY SHELTER | $65,000 |
Birmingham, AL PURPOSE: PROGRAM SUPPORT | $55,000 |
Harrisburg, PA PURPOSE: FUND EXPENSES RELATED TO HOSPITAL CARE FOR 440 PREMATURE BABIES | $52,000 |
Montevallo, AL PURPOSE: FUNDING FOR A DEVELOPMENT DIRECTOR OVER A PERIOD OF 3 YEARS | $48,000 |
Endowment Analysis
| Beg. Balance | $51,482,428 |
| Earnings | $5,481,781 |
| Admin Expense | $303,420 |
| Grants | $1,945,903 |
| Ending Balance | $54,714,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |