Belgian American Educational Foundation Inc

Organization Overview

Belgian American Educational Foundation Inc is located in New Haven, CT. The organization was established in 1942. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belgian American Educational 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 08/2021, Belgian American Educational Foundation Inc generated $18.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $4.5m during the year ending 08/2021. While expenses have increased by 1.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRADUATE FELLOWSHIP PROGRAM - FOR FISCAL YEAR ENDED AUGUST 31, 2021, BAEF AWARDED A TOTAL OF 73 PAID FELLOWSHIPS CONSISTING OF $2,357,430 IN STIPENDS AND $662,256 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S. AND BELGIUM.


INSTITUTIONAL GRANTS, PRIZES, AND AWARDS - FOR FISCAL YEAR ENDED AUGUST 31, 2021, BAEF PROVIDED INSTITUTIONAL GRANTS TO TWO UNIVERSITIES LOCATED IN BELGIUM IN THE AMOUNT OF $250,000 EACH (UNIVERSIT LIBRE DE BRUXELLES & UNIVERSITEIT ANTWERPEN). IN ADDITION, ALUMNI AWARDS WERE PROVIDED TO PROF. MICHIEL DUSSELIER AND PROF. MICHIEL MEEUSEN OF COMMUNICATIONS IN THE AMOUNT OF $12,084 AND $11,842, RESPECTIVELY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lutz And Carr
Annual Audit
$24,000
Griffin Assest Management
Investment Advisory Services
$422,273
Shalik Morris And Company Llp
Accounting Services
$120,981
Richard Brown
Accounting Services
$21,438
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $21,785
All other contributions, gifts, grants, and similar amounts not included above$3,501,626
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,523,411
Total Program Service Revenue$187,591
Investment income $3,109,023
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,862,252
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,682,825

Grants Awarded

Over the last fiscal year, Belgian American Educational Foundation Inc has awarded $0 in support to 2 organizations.

Grant RecipientAmount
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Belgian American Educational Foundation Inc has recieved totaling $212,500.

Awarding OrganizationAmount
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC

$200,000
Thomas A Famigletti Foundation

Glen Head, NY

PURPOSE: EDUCATIONAL

$12,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,408,048
Earnings$3,795,217
Net Contributions$1,037,500
Grants$373,765
Ending Balance$18,867,000

Create an account to unlock the data you need.

or