Sydney And Walda Besthoff Foundation
- Assets
- $7.5m
- Revenue
- $2.2m
- Investments
- $3.2m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/1961
- Data as of
- 09/2022
- EIN
- 72-6019440
Organization Overview
Sydney And Walda Besthoff Foundation is located in New Orleans, LA. The organization was established in 1961. 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. Sydney And Walda Besthoff 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 09/2022, Sydney And Walda Besthoff Foundation generated $2.2m in total revenue. All expenses for the organization totaled $1.0m during the year ending 09/2022. While expenses have increased by 11.7% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BESTHOFF FOUNDATION OWNS VARIOUS SCULPTURES ANDPAINTINGS. IN THE CURRENT YEAR, PIECES OF OUR COLLECTIONWERE LOANED AND/OR DONATED TO MUSEUMS FOR THE EDUCATION AND
ENJOYMENT OF THE PUBLIC. THE FOUNDATION ALSO DONATED FUNDSTO VARIOUS CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Marcus Vice-President | 1 | $0 | |
Sydney Besthoff III Chairman | 1 | $0 | |
Jane Steiner Secretary-Treasurer | 1 | $0 | |
Virginia Besthoff Vice-President | 1 | $0 | |
Walda Besthoff President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,058,879 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,218 |
| Capital Gain Net Income | $15,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,155,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,460 |
| Total operating and administrative expenses | $5,735 |
| Contributions, gifts, grants paid | $995,414 |
| Total expenses and disbursements | $1,001,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32 |
| Savings and temporary cash investments | $0 |
| 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 | $4,265,382 |
| Total assets | $7,469,851 |
| 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, Sydney And Walda Besthoff Foundation has awarded $995,414 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: GENERAL SUPPORT | $962,414 |
Metairie, LA PURPOSE: GENERAL SUPPORT | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |