BBVA Foundation
- Assets
- $0.0
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1982
- Data as of
- 06/2021
- EIN
- 63-0823545
Organization Overview
BBVA Foundation is located in Birmingham, AL. The organization was established in 1982. 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.
For the year ending 06/2021, BBVA Foundation generated $7.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $8.1m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 4 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 2015, BBVA Foundation has awarded 16 individual grants totaling $18,350,940. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER FOR FINANCIAL EDUCATION (CFE): THE BBVA FOUNDATION'S CENTER FOR FINANCIAL EDUCATION CREATES OPPORTUNITIES FOR INDIVIDUALS AND COMMUNITIES TO IMPROVE THEIR FINANCIAL HEALTH THROUGH CUSTOMIZED EDUCATION. SINCE 2018, THE CENTER FOR FINANCIAL EDUCATION HAS PARTNERED WITH MORE THAN 250 ORGANIZATIONS TO SUPPORT OVER 25,000 PARTICIPANTS ACROSS THE UNITED STATES.
REGIONAL PARTNER SUMMITS: IN 2021, BBVA FOUNDATION SURVEYED NONPROFIT PARTNERS MOST PRESSING COMMUNITY NEEDS TO SERVE AS A CATALYST FOR LOCAL ACTION AND LEARNING. THESE DATA COLLECTION EFFORTS WERE COUPLED WITH CONVENINGS FEATURING PANEL DISCUSSIONS FOCUSED ON INCLUSIVE ECONOMIC RECOVERY AND UNDERSCORED THE NEED FOR MORE RACIALLY EQUITABLE PROGRAMS, POLICIES AND INCREASED OPPORTUNITIES FOR SYSTEMATICALLY DISADVANTAGED INDIVIDUALS AND SMALL BUSINESSES.
REGIONAL PARTNER SUMMITS: IN 2020, BBVA FOUNDATION SURVEYED NONPROFIT PARTNERS MOST PRESSING COMMUNITY NEEDS TO SERVE AS A CATALYST FOR LOCAL ACTION AND LEARNING. THESE DATA COLLECTION EFFORTS WERE COUPLED WITH CONVENINGS FEATURING PANEL DISCUSSIONS FOCUSED ON INCLUSIVE ECONOMIC RECOVERY AND UNDERSCORED THE NEED FOR MORE RACIALLY EQUITABLE PROGRAMS, POLICIES AND INCREASED OPPORTUNITIES FOR SYSTEMATICALLY DISADVANTAGED INDIVIDUALS AND SMALL BUSINESSES.
CENTER FOR FINANCIAL EDUCATION (CFE): THE BBVA FOUNDATION'S CENTER FOR FINANCIAL EDUCATION CREATES OPPORTUNITIES FOR INDIVIDUALS AND COMMUNITIES TO IMPROVE THEIR FINANCIAL HEALTH THROUGH CUSTOMIZED EDUCATION. SINCE 2018, THE CENTER FOR FINANCIAL EDUCATION HAS PARTNERED WITH MORE THAN 250 ORGANIZATIONS TO SUPPORT OVER 25,000 PARTICIPANTS ACROSS THE UNITED STATES.
COVID-19 PERSONAL PROTECTIVE EQUIPMENT: DONATION AND DISTRIBUTION OF PPE TO NONPROFIT ORGANIZATIONS WORKING IN HEALTHCARE AND BASIC NEEDS.
PROJECT BLUE ELF (PBE): BBVA FOUNDATION IS COMMITTED TO IMPROVING ECONOMIC MOBILITY AND FINANCIAL OUTCOMES FOR INDIVIDUALS, WORKING FAMILIES AND ENTREPRENEURS IN LOW AND MODERATE INCOME COMMUNITIES. THE PROGRAM CELEBRATED THE ACHIEVEMENTS OF INDIVIDUALS WORKING TO REALIZE THEIR FINANCIAL GOALS THROUGH EFFORTS CO HOSTED WITH CFE COMMUNITY PARTNER LOCATIONS IN AL, AZ, CA, CO, FL, NM AND TX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Reymundo Ocanas Pres/trustee | 1 | $0 | |
Jonathan Pennington Treasurer | 1 | $0 | |
Brian Herrick Secretary | 1 | $0 | |
Carrie L Cogburn Assistant Sec | 1 | $0 | |
Rafael Bustillo Trustee | 1 | $0 | |
B Shane Clanton Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,925,000 |
| Interest on Savings | $433 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,925,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $21,520 |
| Other expenses | $25,755 |
| Total operating and administrative expenses | $36,955 |
| Contributions, gifts, grants paid | $8,044,018 |
| Total expenses and disbursements | $8,080,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $155,540 |
| 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 | $0 |
| 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, BBVA Foundation has awarded $8,044,018 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PNC FOUNDATION PURPOSE: THE PNC FINANCIAL SERVICE GROUP, INC. HAS ACQUIRED BBVA USA. AS A RESULT, OPERATIONS OF THE BBVA FOUNDATION ARE BEING INTEGRATED INTO THE PNC FOUNDATION. THIS GRANT IS NOT BEING TREATED AS A QUALIFYING DISTRIBUTION. | $1,549,213 |
GRANTS - SEE ATTACHMENT PURPOSE: SEE ATTACHED | $6,494,805 |