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Also known as: C/O FRANK WATERSON HOMRICH & BERG
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Bug And Bean Fund is a private corporation based in ATLANTA, GA. The foundation received its IRS ruling in 2020. The principal officer is Frank Waterson. It holds total assets of $10.3M. Annual income is reported at $10.5M. Total assets have grown from $1.7M in 2019 to $3.4M in 2023. The foundation is governed by 1 officer or trustee. 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 2020 to 2023. Funding is distributed across 4 states, including Georgia, New York, Pennsylvania. According to available records, Bug And Bean Fund has made 14 grants totaling $1.1M, with a median grant of $10K. Annual giving has grown from $50K in 2022 to $1.1M in 2023. Individual grants have ranged from $3K to $250K, with an average award of $82K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in North Carolina, Georgia, California, which account for 57% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$50K
Average Grant
$85K
Largest Grant
$250K
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.
Bug And Bean Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in NC, GA, CA.
Bug And Bean Fund has distributed a total of $1.1M across 14 grants. The median grant size is $10K, with an average of $82K. Individual grants have ranged from $3K to $250K.
Bug And Bean Fund typically selects its grantees rather than accepting unsolicited proposals.
Bug And Bean Fund is headquartered in ATLANTA, GA. While based in GA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frank T Waterson | PRESIDENT | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$3.4M
Fair Market Value
$3.5M
Net Worth
$3.4M
Grants Paid
$1.1M
Contributions
N/A
Net Investment Income
$151K
Distribution Amount
$177K
Total: $3M
Total Grants
14
Total Giving
$1.1M
Average Grant
$82K
Median Grant
$10K
Unique Recipients
11
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The GuildUNRESTRICTED | San Fransisco, CA | $250K | 2023 |
| Georgia Resilience And Opportunity FundUNRESTRICTED | Atlanta, GA | $250K | 2023 |
| Carnegie Mellon UniversityUNRESTRICTED | Pittsburgh, PA | $250K | 2023 |
| Summit Charter School Foundation IncUNRESTRICTED | Cashiers, NC | $200K | 2023 |
| Boys & Girls Club Of Transylvania CountyUNRESTRICTED | Brevard, NC | $125K | 2023 |
| The TempleUNRESTRICTED | Atlanta, GA | $10K | 2023 |
| HelpusadoptorgUNRESTRICTED | New York, NY | $10K | 2023 |
| The Paideia SchoolUNRESTRICTED | Atlanta, GA | $3K | 2023 |
| National Network Of Abortion FoundationUNRESTRICTED | Beaverton, OR | $10K | 2022 |
| The Brigid AllianceUNRESTRICTED | New York, NY | $10K | 2022 |
| Pass Network FoundationUNRESTRICTED | Atlanta, GA | $5K | 2022 |
ATLANTA, GA
ATLANTA, GA
ATLANTA, GA