Bess Family Foundation
- Assets
- $1.4m
- Revenue
- $433.1k
- Investments
- $748.1k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 27-0284495
Organization Overview
Bess Family Foundation is located in Wilmington, DE. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Bess Family 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, Bess Family Foundation generated $433.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bess Family Foundation has awarded 97 individual grants totaling $3,219,768. 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 |
|---|---|---|---|
Benjamin Chigier Trustee | 1 | $0 | |
Shelly D Chigier Trustee | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $474,350 |
| Interest on Savings | $2,415 |
| Dividends & Interest | $43,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,356 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $529 |
| Total Revenue | $433,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $63,586 |
| Pension plans, employee benefits | $5,449 |
| Interest | $0 |
| Taxes | $1,305 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,071 |
| Printing and publications | $0 |
| Other expenses | $11,659 |
| Total operating and administrative expenses | $95,036 |
| Contributions, gifts, grants paid | $1,348,749 |
| Total expenses and disbursements | $1,443,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $695,343 |
| 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 | $103,089 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,443,400 |
| 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, Bess Family Foundation has awarded $1,348,749 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BARRE CENTER FOR BUDDHIST STUDIES INC PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
BOUNDLESS IN MOTION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BROWN UNIVERSITY PURPOSE: GENERAL & UNRESTRICTED | $93,000 |
BUDDHIST PEACE FELLOWSHIP PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CAMBRIDGE HEALTH ALLIANCE FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CAMBRIDGE INSIGHT MEDITATION CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |