Milo W Bekins Foundation
- Assets
- $4.4m
- Revenue
- $304.7k
- Investments
- $3.9m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 06/1956
- Data as of
- 12/2022
- EIN
- 95-6039745
Organization Overview
Milo W Bekins Foundation is located in Santa Barbara, CA. The organization was established in 1956. 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. Milo W Bekins 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, Milo W Bekins Foundation generated $304.7k 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 (9.3%) each year. All expenses for the organization totaled $391.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milo W Bekins Foundation has awarded 177 individual grants totaling $2,640,000. 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 |
|---|---|---|---|
Michael Bekins Co-Trustee | 1 | $20,000 | |
Richard Bekins Co-Trustee | 1 | $20,000 | |
Jacqueline Bekins Co-Trustee | 1 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,237 |
| Dividends & Interest | $188,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,078 |
| Capital Gain Net Income | $111,078 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $304,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,359 |
| Total operating and administrative expenses | $129,732 |
| Contributions, gifts, grants paid | $262,000 |
| Total expenses and disbursements | $391,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $518,525 |
| 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 | $391,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,443,133 |
| 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, Milo W Bekins Foundation has awarded $262,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF LOS ANGELES PURPOSE: PHILANTHROPIC SUPPORT | $15,000 |
CALIFORNIA SCIENCE CENTER FOUNDATIO PURPOSE: SCIENCE SUPPORT | $10,000 |
CHILDRENS HOSPITAL OF LA FOUNDATIO PURPOSE: MEDICAL SUPPORT | $10,000 |
THE CITY OF ANGELS BALLET PURPOSE: ARTISTIC EDUCAITON SUPPORT | $10,000 |
ENTERTAINMENT COMMUNITY FUND PURPOSE: PERFORMING ARTS AND ENTERTAIMENT SUPPORT | $15,000 |
HARVARD-WESTLAKE SCHOOL PURPOSE: EDUCATIONAL SUPPORT | $20,000 |