Brown-Forman Foundation
- Assets
- $99.8m
- Revenue
- $21.3m
- Investments
- $78.3m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/2019
- Data as of
- 04/2024
- EIN
- 82-4595018
Organization Overview
Brown-Forman Foundation is located in Louisville, KY. The organization was established in 2019. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Brown-Forman 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 04/2024, Brown-Forman Foundation generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 59.5% each year . All expenses for the organization totaled $4.2m during the year ending 04/2024. While expenses have increased by 6.6% per year over the past 6 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 2019, Brown-Forman Foundation has awarded 338 individual grants totaling $167,156,996. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | 15 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed President | 5 | $0 | |
Name Not Listed Treasurer | 2.5 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000,000 |
| Interest on Savings | $169,195 |
| Dividends & Interest | $2,025,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$908,904 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,183 |
| Total Revenue | $21,284,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,290 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,724 |
| Total operating and administrative expenses | $290,380 |
| Contributions, gifts, grants paid | $3,912,393 |
| Total expenses and disbursements | $4,202,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,235 |
| Savings and temporary cash investments | $1,403,644 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $20,000,000 |
| 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 | $2,326 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $99,766,995 |
| Accounts payable and accrued expenses | $9,501 |
| Grants payable | $37,831,150 |
| 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 | $37,840,651 |
Grants Awarded
Over the last fiscal year, Brown-Forman Foundation has awarded $50,132,000 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ACTORS THEATRE OF LOUISVILLE INC PURPOSE: GENERAL PROGRAM SUPPORT | $200,000 |
ACADEMY OF MUSIC PRODUCTION EDUCATION AND DEVELOPMENT PURPOSE: GENERAL PROGRAM SUPPORT | $500,000 |
ADELANTE HISPANIC ACHIEVERS PURPOSE: GENERAL PROGRAM SUPPORT | $60,000 |
AFRICAN AMERICAN HERITAGE FOUNDATION PURPOSE: GENERAL PROGRAM SUPPORT | $200,000 |
BIG BROTHERS BIG SISTERS OF KENTUCKIANA PURPOSE: GENERAL PROGRAM SUPPORT | $100,000 |
BLESSINGS IN A BACKPACK INC PURPOSE: GENERAL PROGRAM SUPPORT | $25,000 |