William Bingham Foundation
- Assets
- $19.1m
- Revenue
- $938.4k
- Investments
- $15.7m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1957
- Data as of
- 12/2023
- EIN
- 34-6513791
Organization Overview
William Bingham Foundation is located in Cleveland, OH. The organization was established in 1957. 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. William Bingham 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, William Bingham Foundation generated $938.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William Bingham Foundation has awarded 154 individual grants totaling $7,544,334. 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 |
|---|---|---|---|
C Perry Blossom Trustee | 1 | $0 | |
David B Blossom Treasurer/trustee | 2 | $0 | |
Laurel Blossom Emeritus Trustee | 0.5 | $0 | |
Robin Dunn Blossom Trustee | 1 | $0 | |
James B Heffernan Vice President/trustee | 1 | $0 | |
Daniel L Horn Secretary | 9 | $33,096 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prentiss Smith | 12/30/23 | $58,531 |
Morgan Stanleyclearbridge Investments | 12/30/23 | $53,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $133,379 |
| Dividends & Interest | $337,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $467,266 |
| Capital Gain Net Income | $467,266 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $938,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,096 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,478 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,438 |
| Printing and publications | $0 |
| Other expenses | $8,059 |
| Total operating and administrative expenses | $194,517 |
| Contributions, gifts, grants paid | $1,006,000 |
| Total expenses and disbursements | $1,200,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,118 |
| Savings and temporary cash investments | $3,362,810 |
| Net Accounts receivable | $3,750 |
| 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 | $7,204 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,068,941 |
| 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, William Bingham Foundation has awarded $1,006,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CENTERSCIRCLE HEALTH PURPOSE: TO SUPPORT BEHAVIORAL HEALTH URGENT CARE CENTERS | $75,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: TO SUPPORT THE CASE QUAD OUTDOOR GREENSPACE RENOVATION PROJECT, OVER FIVE YEARS | $50,000 |
CHAGRIN RIVER WATERSHED PARTNERS PURPOSE: TO SUPPORT THE NORTHEAST OHIO MASTER RAIN GARDENER PROGRAM | $40,000 |
CLEVELAND FOUNDATION PURPOSE: TO SUPPORT THE CLEVELAND CARBON FUND OR CLEVELAND CLIMATE ACTION FUND | $1,000 |
MAY DUGAN CENTER PURPOSE: TO SUPPORT CAPITAL CAMPAIGN TO REPAIR, RENOVATE AND EXPAND EXISTING SPACE | $100,000 |
MUSICAL ARTS ASSOCIATION PURPOSE: TO SUPPORT THE BLOSSOM MUSICAL FESTIVAL | $500,000 |