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Bg Foundation is a private corporation based in VERNON HILLS, IL. The foundation received its IRS ruling in 2019. The principal officer is Fred Blitt. It holds total assets of $303. Annual income is reported at $75K. Total assets have decreased from $5K in 2019 to $303 in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, Bg Foundation has made 3 grants totaling $110K, with a median grant of $25K. Annual giving has grown from $49K in 2021 to $62K in 2022. Individual grants have ranged from $24K to $62K, with an average award of $37K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bg Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in IL.
Bg Foundation has distributed a total of $110K across 3 grants. The median grant size is $25K, with an average of $37K. Individual grants have ranged from $24K to $62K.
Bg Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bg Foundation is headquartered in VERNON HILLS, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Fred Blitt | Board of Directors | $0 | $0 | N/A |
| Jan Gaines | Board of Directors | $0 | $0 | N/A |
| Sally Blitt | Board of Directors | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$303
Fair Market Value
N/A
Net Worth
$303
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
3
Total Giving
$110K
Average Grant
$37K
Median Grant
$25K
Unique Recipients
2
Most Common Grant
$62K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Center For Enriched LivingCharitable | Riverwoods, IL | $62K | 2022 |
| Journey Care FoundationCharitable | Barrington, IL | $25K | 2021 |