Pdb Foundation
- Assets
- $79.5m
- Revenue
- $43.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-3779206
Organization Overview
Pdb Foundation is located in Cambridge, MA. The organization was established in 2018. 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. Pdb 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, Pdb Foundation generated $43.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% 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 2019, Pdb Foundation has awarded 69 individual grants totaling $10,749,554. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISBURSES FUNDS TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark R Bamforth Trustee | 3 | $0 | |
Morag Bamforth Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services Inc | 12/30/21 | $172,949 |
Burke & Raphael Llc | 12/30/21 | $8,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $995,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$427,421 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,568,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,562 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $169,687 |
| Contributions, gifts, grants paid | $3,043,582 |
| Total expenses and disbursements | $3,213,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,455,807 |
| 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 | $1,296 |
| Total assets | $79,457,103 |
| 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, Pdb Foundation has awarded $3,043,582 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: RESEARCH | $200,000 |
BIOMEDICAL SCIENCE CAREERS PROGRAM PURPOSE: EDUCATION | $10,000 |
BOSTON PUBLIC LIBRARY FUND PURPOSE: EDUCATION | $93,000 |
BOYS AND GIRLS CLUS OF NEW HAMPSHIRE PURPOSE: SUPPORT FOR CHILDREN | $68,000 |
CAMBRIDGE HEALTH ALLICANCE FOUNDATION PURPOSE: HEALTH CARE | $200,000 |
CARROLL SCHOOL PURPOSE: EDUCATION | $210,000 |