Paul G Benedum Jr Foundation
- Assets
- $19.6m
- Revenue
- $476.5k
- Investments
- $18.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 23-2887993
Organization Overview
Paul G Benedum Jr Foundation is located in Pittsburgh, PA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Paul G Benedum Jr 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 12/2023, Paul G Benedum Jr Foundation generated $476.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $276.6k during the year ending 12/2023. While expenses have increased by 2.4% 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 2020, Paul G Benedum Jr Foundation has awarded 40 individual grants totaling $813,140. 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 |
|---|---|---|---|
Paul G Benedum Jr Chairman/trustee | 0.25 | $0 | |
Henry A Bergstrom Jr Trustee | 0.08 | $0 | |
Donna B Johnson Secretary/treas/trustee | 0.25 | $0 | |
Richard F Bumer Chief Inv Officer/trustee | 0.25 | $0 | |
Thomas L Myron Jr Asst Secretary/asst Treas/ | 0.08 | $0 | |
John C Harmon Vice President/trustee | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $300,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $176,501 |
| Capital Gain Net Income | $176,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $476,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $72,557 |
| Contributions, gifts, grants paid | $204,000 |
| Total expenses and disbursements | $276,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $794,904 |
| 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 | $19,567,155 |
| 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, Paul G Benedum Jr Foundation has awarded $204,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS FOUNDATION PURPOSE: GENERAL | $20,000 |
GIRLS HOPE OF PITTSBURGH PURPOSE: EDUCATION | $15,000 |
GROVE CITY COLLEGE PURPOSE: EDUCATION | $20,000 |
KISKI MINETAS SPRINGS SCHOOL PURPOSE: EDUCATION | $27,000 |
PITTSBURGH URBAN CHRISTIAN SCHOOL PURPOSE: EDUCATION | $30,000 |
LINSLY SCHOOL PURPOSE: EDUCATION | $20,000 |