Frances P Bunnelle Foundation
- Assets
- $41.5m
- Revenue
- $2.0m
- Investments
- $7.3m
- Employees
- 0
- Location
- Pawleys Island, SC
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 57-1095197
Organization Overview
Frances P Bunnelle Foundation is located in Pawleys Island, SC. The organization was established in 2000. 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. Frances P Bunnelle 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, Frances P Bunnelle Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Frances P Bunnelle Foundation has awarded 602 individual grants totaling $14,819,602. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR GEORGETOWN COUNTY CITIZENS WITH A FOCUS ON ADDRESSING THE CAUSE OF POVERTY, BASIC HUMAN NEEDS, ECONOMIC GROWTH, ENVIRONMENTAL CONSERVATION, AND ENCOURAGING POSITIVE YOUTH DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANCES P. BUNNELLE FOUNDATION SERVES THE GEORGETOWN COUNTY REGION THROUGH A ROBUST GRANTMAKING PROGRAM AND LEADS OTHER IMPORTANT COMMUNITY-WIDE INITIATIVES. THE BUNNELLE CENTER: IN 2022, THE FOUNDATION CONTINUED TO MAKE MEETING SPACE AVAILABLE AT NO CHARGE TO NONPROFITS SERVING GEORGETOWN COUNTY. THE BUILDING INCLUDES TWO MEETING ROOMS, ONE WITH STATE-OF-THE-ART TECHNOLOGY THAT CAN ACCOMMODATE 50+ PEOPLE, AND ANOTHER SMALL MEETING ROOM THAT CAN ACCOMMODATE 12. PALMETTO GIVING DAY: THE FOUNDATION WAS PROUD TO SUPPORT PALMETTO GIVING DAY IN 2022 WITH MATCHING FUNDS AND ADMINISTRATIVE SUPPORT. OVER $3 MILLION WAS RAISED OVER A 36-HOUR PERIOD THROUGH ONLINE GIVING TO SUPPORT 62 ORGANIZATIONS THAT SERVE GEORGETOWN COUNTY. PATHWAYS TO POSSIBILITIES: IN 2022 THE FOUNDATION HOSTED THE 4TH ANNUAL PATHWAYS TO POSSIBILITIES CAREER EXPO, ONCE AGAIN VIRTUALLY, WHICH REACHED OVER 4,000 8TH GRADERS FROM 10 COUNTIES. THE EVENT CONNECTS THEM WITH CAREER EDUCATION AND FUTURE OPPORTUNITIES WITH OVER 50 REGIONAL EMPLOYERS IN AN INTERACTIVE WORKFORCE DEVELOPMENT EXPERIENCE.
GRANTMAKING: IN 2022 THE FOUNDATION AWARDED OVER $1.9M IN GRANTS TO 97 DIFFERENT ORGANIZATIONS THAT SUPPORT GEORGETOWN COUNTY IN THE AREAS THAT MEET THE BUNNELLE MISSION. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 117 GRANTS TOTALING $816,556 SUPPORTING YOUTH DEVELOPMENT PROGRAMS, 118 GRANTS TOTALING $609,558 SUPPORTING HUMAN NEEDS PROGRAMS, 45 GRANTS TOTALING $321,829 SUPPORTING ENVIRONMENTAL PROGRAMS, 28 GRANTS TOTALING $154,750 SUPPORTING ROOT CAUSES OF POVERTY EFFORTS, 11 GRANTS TOTALING $48,950 SUPPORTING ECONOMIC VITALITY INITIATIVES.
CRADLE TO CAREER: THE CRADLE TO CAREER (C2C) INITIATIVE HIGHLIGHTS THE BUNNELLE FOUNDATION'S WORK TO ENSURE THAT ALL YOUNG PEOPLE IN GEORGETOWN COUNTY WILL HAVE THE CHARACTER, COMPETENCIES, CREATIVITY AND MOTIVATION REQUIRED FOR TRADITIONAL AND NEW ECONOMY JOBS. THE INITIATIVE WAS CREATED TO ADDRESS THE TREND OF YOUNG PEOPLE LEAVING GEORGETOWN COUNTY AFTER HIGH SCHOOL DUE TO A LACK OF OPPORTUNITY IN THE AREA, PROMOTING POSITIVE YOUTH DEVELOPMENT AND ECONOMIC VITALITY THROUGH PARTNERSHIPS THAT WILL HELP CREATE OPPORTUNITY IN GEORGETOWN COUNTY. PROJECTS INCLUDE INTERNSHIPS FOR COLLEGE STUDENTS WITH LOCAL BUSINESSES AND A YOUTH BOARD FOR HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray C Funnye Director | Trustee | 3 | $0 |
Michelle Mapp Director | Trustee | 3 | $0 |
Sarah P Smith Director | Trustee | 3 | $0 |
C Michael Branham Director | Trustee | 3 | $0 |
Charles R Swenson Chairman | OfficerTrustee | 3 | $0 |
Jane Litz CFO | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,619 |
| Total Program Service Revenue | $0 |
| Investment income | $1,023,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $916,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,049,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,951,643 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $400,008 |
| Pension plan accruals and contributions | $17,732 |
| Other employee benefits | $72,219 |
| Payroll taxes | $28,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,517 |
| Fees for services: Other | $203,403 |
| Advertising and promotion | $15,397 |
| Office expenses | $14,476 |
| Information technology | $21,397 |
| Royalties | $0 |
| Occupancy | $48,729 |
| Travel | $18,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,060 |
| Interest | $0 |
| Payments to affiliates | $108,792 |
| Depreciation, depletion, and amortization | $59,634 |
| Insurance | $4,637 |
| All other expenses | $0 |
| Total functional expenses | $3,209,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951,154 |
| Savings and temporary cash investments | $3,937,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $19,763 |
| Net Land, buildings, and equipment | $1,053,929 |
| Investments—publicly traded securities | $28,125,251 |
| Investments—other securities | $7,305,712 |
| Investments—program-related | $100,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,493,327 |
| Accounts payable and accrued expenses | $48,045 |
| Grants payable | $185,905 |
| Deferred revenue | $44,600 |
| 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 | $3,918 |
| Other liabilities | $0 |
| Total liabilities | $282,468 |
| Net assets without donor restrictions | $41,210,859 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,493,327 |
Grants Awarded
Over the last fiscal year, Frances P Bunnelle Foundation has awarded $1,921,943 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
A FATHER'S PLACE PURPOSE: NEIGHBORHOOD & COMMUNITY DEV. | $31,450 |
ALL 4 PAWS PURPOSE: ENVIRONMENT | $8,775 |
AMERICAN CANCER SOCIETY INC PURPOSE: HUMAN NEEDS | $10,000 |
AMAZING JOURNEY INC PURPOSE: NEIGHBORHOOD & COMMUNITY DEV. | $10,700 |
AMERICAN RIVERS PURPOSE: ENVIRONMENT | $10,000 |
AVIAN CONSERVATION CENTER PURPOSE: ENVIRONMENT | $20,500 |