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Bgm Foundation is a private trust based in VESTAL, NY. The foundation received its IRS ruling in 1986. It holds total assets of $2.7M. Annual income is reported at $1.8M. Total assets have grown from $953K in 2011 to $2M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. Grantmaking is concentrated in New York. According to available records, Bgm Foundation has made 65 grants totaling $1M, with a median grant of $1K. Annual giving has grown from $116K in 2022 to $334K in 2024. Grantmaking activity was highest in 2023 with $593K distributed across 28 grants. Individual grants have ranged from $100 to $250K, with an average award of $16K. The foundation has supported 20 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$850
Median Grant
$3K
Average Grant
$5K
Largest Grant
$20K
Based on 8 grants from the most recent 990-PF filing.
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.
Bgm Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 65 grants. Its grantmaking reaches organizations primarily in NY.
Bgm Foundation has distributed a total of $1M across 65 grants. The median grant size is $1K, with an average of $16K. Individual grants have ranged from $100 to $250K.
Bgm Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bgm Foundation is headquartered in VESTAL, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ferris Akel Iii | Trustee | $0 | $0 | N/A |
| Ronald Akel | Trustee | $0 | $0 | N/A |
| Philip Akel | Trustee | $0 | $0 | N/A |
Total Giving
$345K
Total Assets
$2M
Fair Market Value
$2.2M
Net Worth
$2M
Grants Paid
$334K
Contributions
$1M
Net Investment Income
$64K
Distribution Amount
$58K
Total: $953K
Total Grants
65
Total Giving
$1M
Average Grant
$16K
Median Grant
$1K
Unique Recipients
20
Most Common Grant
$1K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S HomeSUPPORT | Binghamton, NY | $2K | 2024 |
| Binghamton University FoundationSUPPORT | Binghamton, NY | $250K | 2024 |
| Uhs FoundationSUPPORT | Binghamton, NY | $55K | 2024 |
| Trinity Memorial ChurchSupport | Binghamton, NY | $10K | 2024 |
| Lourdes Hospital FoundationSupport | Binghamton, NY | $5K | 2024 |
| Sock Out CancerSupport | Binghamton, NY | $5K | 2024 |
| Broome County Arts CouncilSUPPORT | Binghamton, NY | $4K | 2024 |
| AvreSupport | Binghamton, NY | $1K | 2024 |
| Girl Scouts Of Nypenn PathwaysSupport | Cicero, NY | $800 | 2024 |
| Broome County Council Of ChurchesSUPPORT | Binghamton, NY | $600 | 2024 |
| Catholic Schools Of Broome CountySUPPORT | Binghamton, NY | $500 | 2024 |
| Lourdes HospiceSUPPORT | Vestal, NY | $150 | 2024 |
| American Lebanese Club Of Broome CoSUPPORT | Vestal, NY | $100 | 2024 |
| Loures Hospital AuxilliarySUPPORT | Binghanton, NY | $5K | 2023 |
| The Danielle House IncSUPPORT | Binghamton, NY | $1K | 2023 |
| Binghamton Rotary Charities IncSUPPORT | Vestal, NY | $500 | 2023 |
| Binghamton Rescue MissionSUPPORT | Binghamton, NY | $500 | 2023 |
| Vestal Police Benevolent AssociatioSupport | Vestal, NY | $500 | 2023 |