Beygood Foundation is located in Encino, CA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Beygood Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beygood Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC EQUITY BY SUPPORTING ORGANIZATIONS THAT SERVE MARGINALIZED AND UNDER-SOURCED COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GIVING PROGRAM SERVING EDUCATIONAL PURPOSES AND THOSE IN NEED OR IN DISTRESS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Knowles-Lawson Board Chair | OfficerTrustee | 1 | $0 |
Richard Lawson Board Member | Trustee | 1 | $0 |
Kawanna Brown Board Member | Trustee | 1 | $0 |
Jay Brown Board Member | Trustee | 1 | $0 |
Mai Lassiter Board Member | Trustee | 1 | $0 |
Michael Oppenheim Board Member | Trustee | 1 | $0 |
| 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 | $43,405,813 |
| Noncash contributions included in lines 1a–1f | $25,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,405,813 |
| Total Program Service Revenue | $0 |
| Investment income | $170,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,576,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,565,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,298 |
| Payroll taxes | $10,904 |
| Fees for services: Management | $21,730 |
| Fees for services: Legal | $33,153 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $442,198 |
| Advertising and promotion | $600 |
| Office expenses | $2,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,930 |
| All other expenses | $0 |
| Total functional expenses | $2,240,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,806,790 |
| Savings and temporary cash investments | $212,581 |
| Pledges and grants receivable | $500,000 |
| 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 | $11,639 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $816,898 |
| Total assets | $42,347,908 |
| Accounts payable and accrued expenses | $195,337 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $816,898 |
| Total liabilities | $1,012,235 |
| Net assets without donor restrictions | $0 |
| 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 | $41,335,673 |
| Total liabilities and net assets/fund balances | $42,347,908 |
Over the last fiscal year, Beygood Foundation has awarded $1,530,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HOLLYROD FOUNDATION PURPOSE: GENERAL PURPOSE DONATION | $300,000 |
BREAD OF LIFE PURPOSE: GENERAL PURPOSE DONATION | $1,200,000 |
ORDINARY TOWARDS EXTRAORDINARY FOUNDATION INC PURPOSE: GENERAL PURPOSE DONATION | $10,000 |
COMMUNITY MUSIC CENTER OF HOUSTON PURPOSE: GENERAL PURPOSE DONATION | $10,000 |
YOUNG WOMENS CHRISTIAN ASSOCIATION OF SOUTHEAST WISCONSIN PURPOSE: GENERAL PURPOSE DONATION | $10,000 |