Frances P Bunnelle Foundation
- Assets
- $50.3m
- Revenue
- $4.0m
- Investments
- $9.2m
- Employees
- 0
- Location
- Pawleys Island, SC
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 57-1095197
Organization Overview
Frances P Bunnelle Foundation is located in Pawleys Island, SC. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Frances P Bunnelle 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 12/2021, Frances P Bunnelle Foundation generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Frances P Bunnelle Foundation has awarded 603 individual grants totaling $14,639,928. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR GEORGETOWN COUNTY CITIZENS WITH A FOCUS ON ADDRESSING THE CAUSE OF POVERTY, BASIC HUMAN NEEDS, ECONOMIC GROWTH, ENVIRONMENTAL CONSERVATION, AND ENCOURAGING POSITIVE YOUTH DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANCES P. BUNNELLE FOUNDATION SERVES THE GEORGETOWN COUNTY REGION THROUGH A ROBUST GRANTMAKING PROGRAM AND LEADS OTHER IMPORTANT COMMUNITY-WIDE INITIATIVES. THE BUNNELLE CENTER: IN 2021, THE FOUNDATION CONTINUED TO MAKE MEETING SPACE AVAILABLE AT NO CHARGE TO NONPROFITS SERVICE GEORGETOWN COUNTY. THE BUILDING INCLUDES TWO MEETING ROOMS, ONE WITH STATE-OF-THE-ART TECHNOLOGY THAT CAN ACCOMMODATE 50+ PEOPLE, AND ANOTHER SMALL MEETING ROOM THAT CAN ACCOMMODATE 12. DURING THE PANDEMIC, THESE MEETING ROOMS HAVE OPERATED AT A REDUCED CAPACITY TO COMPLY WITH SAFETY GUIDELINES. VIRTUAL MEETING TECHNOLOGY WAS ALSO MADE AVAILABLE, AND HEAVILY UTILIZED IN 2021, IN ORDER TO SUPPORT NONPROFIT BUSINESS NEEDS. PALMETTO GIVING DAY: THE FOUNDATION WAS PROUD TO SUPPORT THE PALMETTO GIVING DAY IN 2021 WITH MATCHING FUNDS AND ADMINISTRATIVE SUPPORT. $2,127,031 WAS RAISED OVER A 36-HOUR PERIOD THROUGH ONLINE GIVING TO SUPPORT 50 ORGANIZATIONS THAT SERVE GEORGETOWN COUNTY. PATHWAYS TO POSSIBILITIES: IN 2021 THE FOUNDATION HOSTED THE 3RD PATHWAYS TO POSSIBILITIES CAREER EXPO, THIS TIME VIRTUALLY, WHICH REACHED OVER 4,000 8TH GRADERS FROM 10 COUNTIES, CONNECTING THEM WITH CAREER EDUCATION AND FUTURE OPPORTUNITIES WITH 50 REGIONAL EMPLOYERS IN AN INTERACTIVE WORKFORCE DEVELOPMENT EXPERIENCE.
GRANTMAKING: IN 2021 THE FOUNDATION AWARDED $1.89M IN GRANTS TO 84 DIFFERENT ORGANIZATIONS THAT SUPPORT GEORGETOWN COUNTY IN THE AREAS THAT MEET THE BUNNELLE MISSION. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 45 GRANTS TOTALING $354,825 SUPPORTING HUMAN NEEDS PROGRAMS, 82 GRANTS TOTALING $513,296 SUPPORTING EDUCATION PROGRAMS, 49 GRANTS TOTALING $606,190 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 21 GRANTS TOTALING $247,200 SUPPORTING ENVIRONMENTAL EFFORTS, 17 GRANTS TOTALING $149,865 SUPPORTING HEALTH INITIATIVES, 3 GRANTS TOTALING $17,500 SUPPORTING COMMUNITY CHURCHES, AND 1 GRANT FOR $2,500 SUPPORTING THE ARTS.
CRADLE TO CAREER: THE CRADLE TO CAREER (C2C) INITIATIVE HIGHLIGHTS THE BUNNELLE FOUNDATION'S WORK TO ENSURE THAT ALL YOUNG PEOPLE IN GEORGETOWN COUNTY WILL HAVE THE CHARACTER, COMPETENCIES, CREATIVITY AND MOTIVATION REQUIRED FOR TRADITIONAL AND NEW ECONOMY JOBS. THE INITIATIVE WAS CREATED TO ADDRESS THE TREND OF YOUNG PEOPLE LEAVING GEORGETOWN COUNTY AFTER HIGH SCHOOL DUE TO A LACK OF OPPORTUNITY IN THE AREA, PROMOTING POSITIVE YOUTH DEVELOPMENT AND ECONOMIC VITALITY THROUGH PARTNERSHIPS THAT WILL HELP CREATE OPPORTUNITY IN GEORGETOWN COUNTY. PROJECTS INCLUDE INTERNSHIPS FOR COLLEGE STUDENTS WITH LOCAL BUSINESSES, A YOUTH BOARD FOR HIGH SCHOOL STUDENTS, AND DEVELOPMENT A MOBILE APP FOR STUDENTS TO CONNECT TO EDUCATIONAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Swenson Chairman | OfficerTrustee | 3 | $0 |
Geales Sands Executive Director | Officer | 45 | $0 |
Jane Litz CFO | Officer | 1 | $0 |
Ray C Funnye Director | Trustee | 3 | $0 |
Sarah P Smith Director | Trustee | 3 | $0 |
C Michael Branham Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,316,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,632,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,044,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,891,376 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,296 |
| Compensation of current officers, directors, key employees. | $38,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,939 |
| Pension plan accruals and contributions | $16,653 |
| Other employee benefits | $77,682 |
| Payroll taxes | $26,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,303 |
| Fees for services: Other | $179,114 |
| Advertising and promotion | $20,140 |
| Office expenses | $13,412 |
| Information technology | $17,419 |
| Royalties | $0 |
| Occupancy | $50,421 |
| Travel | $5,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,411 |
| Interest | $0 |
| Payments to affiliates | $109,232 |
| Depreciation, depletion, and amortization | $58,801 |
| Insurance | $3,147 |
| All other expenses | $0 |
| Total functional expenses | $2,997,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,104,238 |
| Savings and temporary cash investments | $3,929,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,085 |
| Net Land, buildings, and equipment | $1,023,536 |
| Investments—publicly traded securities | $34,994,715 |
| Investments—other securities | $9,178,757 |
| Investments—program-related | $100,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,346,506 |
| Accounts payable and accrued expenses | $22,649 |
| Grants payable | $346,810 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $7,210 |
| Other liabilities | $0 |
| Total liabilities | $376,669 |
| Net assets without donor restrictions | $49,969,837 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,346,506 |
Grants Awarded
Over the last fiscal year, Frances P Bunnelle Foundation has awarded $1,502,841 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL CAROLINA UNIVERSITY PURPOSE: NEIGHBORHOOD & COMMUNITY DEVELOPMENT GRANT | $118,405 |
Georgetown, SC PURPOSE: NEIGHBORHOOD & COMMUNITY DEVELOPMENT GRANT | $85,500 |
Georgetown, SC PURPOSE: HUMAN NEEDS GRANT | $81,900 |
Georgetown, SC PURPOSE: EDUCATIONAL GRANT | $64,225 |
Conway, SC PURPOSE: ENVIRONMENTAL GRANT | $62,000 |
Georgetown, SC PURPOSE: HUMAN NEEDS,NEIGHBORHOOD & COMMUNITY DEVELOPMENT GRANTS | $59,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frances P Bunnelle Foundation has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: PHILANTHROPY GRANT | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Speedway Childrens Charities Concord, NC | $415,792 | $1,752,353 |
Carlson Family Foundation Inc Chapel Hill, NC | $18,562,081 | $1,116,272 |
Driven Brands Charitable Foundation Charlotte, NC | $405,466 | $1,435,404 |
Little Kings And Queens Inc Buford, GA | $180,816 | $1,313,209 |
Dabos All In Team Clemson, SC | $184,953 | $1,368,395 |