Berkshire Life Charitable Foundation
- Assets
- $2.3m
- Revenue
- $167.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Pittsfield, MA
- Founding
- 12/2001
- Data as of
- 05/2022
- EIN
- 04-3566439
Organization Overview
Berkshire Life Charitable Foundation is located in Pittsfield, MA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Berkshire Life Charitable Foundation 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 05/2022, Berkshire Life Charitable Foundation generated $167.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $179.3k during the year ending 05/2022. While expenses have increased by 1.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Berkshire Life Charitable Foundation has awarded 81 individual grants totaling $550,715. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Kirby Trustee | 0.5 | $0 | |
David Klausmeyer Trustee | 0.5 | $0 | |
Alycia Sacco Duquette President | 0.5 | $0 | |
Robert Coco Treasurer | 0.5 | $0 | |
Caitlin Pemble Trustee | 0.5 | $0 | |
Michael E Barbieri Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,964 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $124,179 |
| Capital Gain Net Income | $124,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,930 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,898 |
| Total operating and administrative expenses | $37,648 |
| Contributions, gifts, grants paid | $141,615 |
| Total expenses and disbursements | $179,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,019 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,323,948 |
| Accounts payable and accrued expenses | $10,700 |
| 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 | $1,887 |
| Total liabilities | $12,587 |
Grants Awarded
Over the last fiscal year, Berkshire Life Charitable Foundation has awarded $141,615 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BERKSHIRE COUNTY ARC PURPOSE: BCARC TRANSITIONAL ENRICHMENT PROGRAM PROVIDES IN PERSON LEANING FOR PEOPLE WITH DISABILITIES | $17,500 |
Pittsfield, MA PURPOSE: TO FUND THE SCHOOL'S CREATIVE COLLABORATION PROGRAM DEDICATED TO PROVIDING QUALITY MUSICAL ENRICHMENT FOR INDIVIDUALS WITH INTELLECTUAL OR PHYSCIAL DISABILITIES AT BCARC RESIDENCES AND DAY CENTERS | $17,500 |
UNITED CEREBAL PALSY ASSOCIATION OF BERKSHIRE COUNTY PURPOSE: CHILDERN'S PROGRAMMING, EARLY INTERVENTION, NEONATAL ABSTINENCE SYNDROME, FAMILY SUPPORT SERVICES. | $17,500 |
BERKSHIRE COUNTY REGIONAL HOUSING AUTHORITY PURPOSE: TO COVER A PORTION OF THE $345,288 OPERATING BUDGET FOR THE TENANCY PRESEVATION PROGRAM (TPP), WHICH THE FOUNDATION HAS FUNDED PREVIOUSLY. | $12,000 |
Great Barrington, MA PURPOSE: NEED-BASED PROGRAM FEE SUPPORT FOR 100 VISUAL ARTS WORKSHOPS SERVING MORE THAN 500 DISABLED INDIVIDUALS IN BERKSHIRE COUNTY THROUGH 56 PROGRAM PARTNERS. FUNDING FOR PLANNING, FACILITY, PROFESSIONAL ARTISTS/TEACHERS. | $12,000 |
Dalton, MA PURPOSE: START UP COSTS FOR OPENING A SCHOOL FOR CHILDERN DIAGNOSED WITH AUTISM SPECTRUM DISORDER | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |