Bd Foundation Inc
- Assets
- $34.7m
- Revenue
- $1.6m
- Investments
- $33.7m
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-3501315
Organization Overview
Bd Foundation Inc is located in Franklin Lakes, NJ. The organization was established in 2017. 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. Bd Foundation Inc 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, Bd Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bd Foundation Inc has awarded 30 individual grants totaling $4,735,500. 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 |
|---|---|---|---|
Gary Cohen Trustee,(president Thru 04/21) | 0.5 | $0 | |
Vince Forlenza Trustee | 0.1 | $0 | |
Jennifer Farrington Trustee, VP & Secretary | 0.5 | $0 | |
Rochelle Fuhrmann Trustee, Treasurer | 0.5 | $0 | |
Sara Gill Trustee | 0.1 | $0 | |
Sam Khichi Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,940 |
| Interest on Savings | $0 |
| Dividends & Interest | $466,580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,139,997 |
| Capital Gain Net Income | $1,139,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,608,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,940 |
| Total operating and administrative expenses | $117,432 |
| Contributions, gifts, grants paid | $4,203,500 |
| Total expenses and disbursements | $4,320,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,255 |
| Savings and temporary cash investments | $970,898 |
| 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 | $20,464 |
| Total assets | $34,710,143 |
| Accounts payable and accrued expenses | $49,323 |
| Grants payable | $2,100,000 |
| 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 | $2,149,323 |
Grants Awarded
Over the last fiscal year, Bd Foundation Inc has awarded $2,103,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: TO SUPPORT COORDINATION EFFORTS WITH NATIONAL, STATE AND LOCAL PARTNERS AND AGENCIES IN RESPONSE TO CORONAVIRUS; TO SUPPORT HAITI EARTHQUAKE RESPONSE. | $910,000 |
SOCIAL FINANCE INC PURPOSE: PAY IT FORWARD INITIATIVE | $675,000 |
NAACP PURPOSE: TO SUPPORT THE LEGAL DEFENSE FUND | $100,000 |
REDCROSS PURPOSE: TO PROVIDE RELIEF FOR HURRICANE IDA AND AFGHAN EVACUEES & U.S. MILITARY | $65,000 |
ISRA AID PURPOSE: TO PROVIDE SUPPORT IN CONNECTION TO GERMANY FLOODS | $50,000 |
AMERICARES COVID RELIEF INDIA PURPOSE: TO PROVIDE PPE AND CRITCALLY NEEDED MEDICAL EQUIPMENT TO HEALTH FACILITIES THROUGHOUT INDIA | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |