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Also known as: EDUCATIONAL FOUNDATION
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Bobs Discount Furniture Educational Foundation Inc. is a private corporation based in WEST HARTFORD, CT. The foundation received its IRS ruling in 2020. The principal officer is Katz And Company. It holds total assets of $214K. Annual income is reported at $17K. Total assets have decreased from $974K in 2019 to $459K in 2022. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Bobs Discount Furniture Educational Foundation Inc. has made 4 grants totaling $665K, with a median grant of $183K. Annual giving has grown from $110K in 2021 to $175K in 2023. Grantmaking activity was highest in 2022 with $380K distributed across 2 grants. Individual grants have ranged from $110K to $190K, with an average award of $166K. Grant recipients are concentrated in Minnesota. 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.
Bobs Discount Furniture Educational Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MN.
Bobs Discount Furniture Educational Foundation Inc. has distributed a total of $665K across 4 grants. The median grant size is $183K, with an average of $166K. Individual grants have ranged from $110K to $190K.
Bobs Discount Furniture Educational Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is AS DETERMINED ANNUALLY BY SCHOLARSHIP AMERICA INC.. See statement 4 for detail on restrictuions and limitations on awards.
Bobs Discount Furniture Educational Foundation Inc. is headquartered in WEST HARTFORD, CT.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Howard Katz | DIRECTOR AND TREASURER | $0 | $0 | N/A |
| Patricia Davies | DIRECTOR AND SECRETARY | $0 | $0 | N/A |
| Robert Kaufman | DIRECTOR AND PRESIDENT | $0 | $0 | N/A |
Total Giving
$209K
Total Assets
$459K
Fair Market Value
$459K
Net Worth
$459K
Grants Paid
$175K
Contributions
N/A
Net Investment Income
$22K
Distribution Amount
$29K
Total: $397K
Total Grants
4
Total Giving
$665K
Average Grant
$166K
Median Grant
$183K
Unique Recipients
1
Most Common Grant
$190K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Scholarship AmericaSCHOLARSHIP | St Peter, MN | $175K | 2023 |