Brown-Forman Foundation
- Assets
- $0.0
- Revenue
- $24.2m
- Investments
- $78.6m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/2019
- Data as of
- 04/2021
- EIN
- 82-4595018
Organization Overview
Brown-Forman Foundation is located in Louisville, KY. The organization was established in 2019. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Brown-Forman 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 04/2021, Brown-Forman Foundation generated $24.2m in total revenue. All expenses for the organization totaled $9.1m during the year ending 04/2021. While expenses have increased by 33.6% per year over the past 4 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 2019, Brown-Forman Foundation has awarded 141 individual grants totaling $14,851,497. 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 |
|---|---|---|---|
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,500,000 |
| Interest on Savings | $528,792 |
| Dividends & Interest | $845,424 |
| Profit on Inventory Sales | $0 |
| Other Income | -$694 |
| Total Revenue | $24,207,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $182,049 |
| Contributions, gifts, grants paid | $8,946,497 |
| Total expenses and disbursements | $9,128,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,775 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Brown-Forman Foundation has awarded $9,161,497 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: GENERAL PROGRAM SUPPORT | $1,140,000 |
Louisville, KY PURPOSE: GENERAL PROGRAM SUPPORT | $1,000,000 |
Louisville, KY PURPOSE: GENERAL PROGRAM SUPPORT | $1,000,000 |
UNIVERSITY OF LOUISVILLE FOUNDATION PURPOSE: GENERAL PROGRAM SUPPORT | $750,000 |
Louisville, KY PURPOSE: GENERAL PROGRAM SUPPORT | $325,000 |
WEST END SCHOOL PURPOSE: GENERAL PROGRAM SUPPORT | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |