Biogen Foundation Inc
- Assets
- $15.7m
- Revenue
- -$31.4k
- Investments
- $13.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 16-1636254
Organization Overview
Biogen Foundation Inc is located in Dallas, TX. The organization was established in 2003. 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. Biogen 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.
Since 2019, Biogen Foundation Inc has awarded 12 individual grants totaling $41,287,883. 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 |
|---|---|---|---|
Michael Dambach Treasurer | 1 | $0 | |
Kate Dawson Director | 1 | $0 | |
Biogen Foundation Inc Corp Director | 40 | $450,000 | |
Renae Dill Director | 1 | $0 | |
Bank Of America N A Agent For Fiduciary | 1 | $52,176 | |
Alisha Alaimo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $486,381 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$517,771 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19 |
| Total Revenue | -$31,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $502,176 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,597 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $403,157 |
| Total operating and administrative expenses | $943,913 |
| Contributions, gifts, grants paid | $8,854,509 |
| Total expenses and disbursements | $9,798,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,105,948 |
| 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 | $15,714,871 |
| 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, Biogen Foundation Inc has awarded $8,854,509 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIOGEN FOUNDATION INC PURPOSE: CORPORATE FOUNDATION DIRECT | $6,406,373 |
MATCHING GIFT PROGRAM PURPOSE: MATCHING GIFT DISBURSEMENTS | $2,290,886 |
VOLUNTEER REWARDS PURPOSE: DONATIONS FOR EMPLOYEE | $157,250 |