Bay And Paul Foundations Inc
- Assets
- $33.7m
- Revenue
- $890.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1964
- Data as of
- 12/2021
- EIN
- 13-1991717
Organization Overview
Bay And Paul Foundations Inc is located in Wilmington, DE. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bay And Paul Foundations 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 12/2021, Bay And Paul Foundations Inc generated $890.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $18.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bay And Paul Foundations Inc has awarded 376 individual grants totaling $29,967,475. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Stone Corp Couns/exec Dir | 30 | $0 | |
Khalif Williams Program Director | 32 | $102,241 | |
Kenneth D Hurwitz Dir, Sec, Treas | 2 | $0 | |
Marilyn Reznick Dir, Chair | 2 | $0 | |
William E Terry Dir | 2 | $0 | |
Rebecca Adamson Dir | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/21 | $89,637 |
Rbc Wealth Management | 12/30/21 | $90,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,741 |
| Dividends & Interest | $327,521 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $544,322 |
| Capital Gain Net Income | $544,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,537 |
| Total Revenue | $890,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $273,430 |
| Pension plans, employee benefits | $77,361 |
| Interest | $0 |
| Taxes | $11,010 |
| Depreciation | $0 |
| Occupancy | $36,255 |
| Travel, conferences, and meetings | $724 |
| Printing and publications | $118 |
| Other expenses | $114,876 |
| Total operating and administrative expenses | $668,808 |
| Contributions, gifts, grants paid | $17,963,576 |
| Total expenses and disbursements | $18,632,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,056,718 |
| Net Accounts receivable | $17,876 |
| 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 | $7,926 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,875 |
| Total assets | $33,659,644 |
| Accounts payable and accrued expenses | $52,820 |
| Grants payable | $8,870,984 |
| 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 | $8,923,804 |
Grants Awarded
Over the last fiscal year, Bay And Paul Foundations Inc has awarded $19,631,876 in support to 173 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK UNIVERSITY - SCHOOL OF LAW PURPOSE: TO SUPPORT THE GENERAL OPERATIONS OF ITS INSTITUTE FOR POLICY INTEGRITY | $1,400,000 |
Alexandria, VA PURPOSE: SUMMER INTERNSHIP PROGRAM | $700,000 |
Portland, OR PURPOSE: TO SUPPORT ANNUAL NATIONAL AND INTERNATIONAL TRIBAL CLIMATE ADAPTATION PLANNING CAMPS (TCCS) IN 2022, 2023 AND 2024 | $677,242 |
Keshena, WI PURPOSE: TO SUPPORT THE GENERAL OPERATIONS OF ITS "SUSTAINABILITY DEVELOPMENT INSTITUTE" | $670,000 |
NEW YORK UNIVERSITY - SCHOOL OF LAW PURPOSE: TO SUPPORT THE GENERAL OPERATIONS OF ITS INSTITUTE FOR POLICY INTEGRITY | $600,000 |
JOURNALISM DEVELOPMENT NETWORK INC PURPOSE: TO SUPPORT THE FIRST YEAR OF OCCRP'S NEW CYBERSECURITY INITIATIVE | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Hess Foundation Inc Parsippany, NJ | $0 | $35,298,919 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Leon And Toby Cooperman Family Foundation Clifton, NJ | $399,538,762 | $28,802,319 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |