Bonney Family Foundation Inc
- Assets
- $21.2m
- Revenue
- $493.3k
- Investments
- $16.2m
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 01-0568837
Organization Overview
Bonney Family Foundation Inc is located in Framingham, MA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bonney Family Foundation Inc 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, Bonney Family Foundation Inc generated $493.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Bonney President | 1 | $0 | |
Alison G Bonney Treasurer/clerk | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,870 |
| Interest on Savings | $0 |
| Dividends & Interest | $338,328 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,724 |
| Capital Gain Net Income | $14,724 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $135,352 |
| Total Revenue | $493,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $364 |
| Taxes | $21,211 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,626 |
| Total operating and administrative expenses | $254,130 |
| Contributions, gifts, grants paid | $3,605,000 |
| Total expenses and disbursements | $3,859,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $191,443 |
| 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 | $1,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,230,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,258,923 |
| Total assets | $21,180,960 |
| 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, Bonney Family Foundation Inc has awarded $3,605,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BATES COLLEGE PURPOSE: GENERAL SUPPORT | $3,600,000 |
ELLEN MACARTHUR FOUNDATION USA INC PURPOSE: GENERAL SUPPORT | $5,000 |