Bgm Foundation

Organization Overview

Bgm Foundation is located in Vestal, NY. The organization was established in 1986. 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. Bgm 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 02/2022, Bgm Foundation generated $180.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $47.1k during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Bgm Foundation has awarded 96 individual grants totaling $544,493. 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)Compensation
Ferris Akel III
Trustee
$0
Ronald Akel
Trustee
$0
Philip Akel
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $95
Interest on Savings $0
Dividends & Interest $26,154
Net Rental Income$0
Net Gain on Sale of Assets $154,017
Capital Gain Net Income $154,017
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $180,266

Grants Awarded

Over the last fiscal year, Bgm Foundation has awarded $38,820 in support to 8 organizations.

Grant RecipientAmount

TRINITY MEMORIAL CHURCH

PURPOSE: SUPPORT

$20,000

LOURDES HOSPITAL FOUNDATION

Org PageRecipient Profile

Binghamton, NY

PURPOSE: SUPPORT

$5,000

CATHOLIC EDUCATION FOUNDATION

PURPOSE: SUPPORT

$5,000

SOCK OUT CANCER

PURPOSE: SUPPORT

$5,000

GOODWILL THEATRE INC

Org PageRecipient Profile

Johnson City, NY

PURPOSE: SUPPORT

$1,000

AVRE

PURPOSE: SUPPORT

$1,000
View Grant Profile

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