Peter Alfond Foundation
- Assets
- $78.8m
- Revenue
- $129.3m
- Investments
- $75.1m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/1994
- Data as of
- 12/2020
- EIN
- 22-3267949
Organization Overview
Peter Alfond Foundation is located in Bethesda, MD. The organization was established in 1994. 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. Peter Alfond 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 12/2020, Peter Alfond Foundation generated $129.3m in total revenue. All expenses for the organization totaled $62.4m during the year ending 12/2020. While expenses have increased by 122.7% per year over the past 5 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 2015, Peter Alfond Foundation has awarded 143 individual grants totaling $70,014,496. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Alfond Trustee | 5 | $0 | |
Jairo Estrada Trustee | 5 | $0 | |
Rebekah Alfond Trustee | 7 | $0 | |
Deborah Alfond Trustee | 1 | $0 | |
Sarah Benson Trustee | 1 | $0 | |
Barbara Crowley Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intentional Philanthrophy Llc | 12/30/21 | $221,140 |
Jp Morgan Chase Bank | 12/30/21 | $241,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $127,500,000 |
| Interest on Savings | $2,079 |
| Dividends & Interest | $1,121,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $678,157 |
| Capital Gain Net Income | $716,170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,129 |
| Total Revenue | $129,307,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $31,542 |
| Pension plans, employee benefits | $8,696 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,098 |
| Printing and publications | $0 |
| Other expenses | $39,226 |
| Total operating and administrative expenses | $450,431 |
| Contributions, gifts, grants paid | $61,958,612 |
| Total expenses and disbursements | $62,409,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,780,760 |
| Savings and temporary cash investments | $849,898 |
| 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 | $37,342,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,450 |
| Total assets | $78,752,550 |
| 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, Peter Alfond Foundation has awarded $2,035,172 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
San Juan, PR PURPOSE: COMMUNITY LEADERSHIP ACADEMY | $265,446 |
PUERTO RICO EDUCATION FOUNDATION PURPOSE: CAMINO HACIA LA META | $250,000 |
BOYS AND GIRLS CLUB OF AUGUSTA MAINE PURPOSE: AUGUSTA TEEN CENTER | $250,000 |
CARAS CON CAUSA PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
BOYS AND GIRLS CLUB OF PUERTO RICO PURPOSE: SOCIAL-EMOTIONAL LEARNING PROGRAMS | $140,000 |
Manchester, ME PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |