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Nonprofiteer
← THE BESSEMER GIVING FUND

Form 990 for tax year 2022

Filed by THE BESSEMER GIVING FUND.

Totals

Total revenue
$111,261,443
Total expenses
$109,632,842
Contributions and grants received
$114,894,620
Grants paid
$108,398,132
Program service revenue
$0
Investment income
-$3,633,177
Other revenue
$0
Total assets, end of year
$638,749,745
Total liabilities, end of year
$70,000
Net assets or fund balances, end of year
$638,679,745
Program services expenses (Part IX)
$108,553,132
Management and general expenses
$1,079,710
Fundraising expenses
$0
Program service expenses (Part III)
$108,553,132

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $114,894,620

  • 1g · Noncash contributions included above

    $59,555,294

  • 3 · Investment income

    total $6,541,004 · unrelated business $63,920 · excluded $6,477,084

  • 7a · Gross sales of assets other than inventory

    securities $184,636,052

  • 7b · Less cost or other basis and sales expenses

    securities $194,810,233

  • 7c · Gain or loss

    securities -$10,174,181

  • 7d · Net gain or loss

    total -$10,174,181 · excluded -$10,174,181

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $107,817,599 · program services $107,817,599

  • 3 · Grants to foreign organizations and individuals

    total $580,533 · program services $580,533

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · program services $15,000 · management and general $15,000

  • 11a · Fees: management

    total $280,000 · program services $140,000 · management and general $140,000

  • 11b · Fees: legal

    total $136,489 · management and general $136,489

  • 11c · Fees: accounting

    total $29,173 · management and general $29,173

  • 11f · Fees: investment management

    total $694,357 · management and general $694,357

  • 11g · Fees: other

    total $16,000 · management and general $16,000

  • 24a · Other expenses: OTHER REGISTRATIONS

    total $13,799 · management and general $13,799

  • 24b · Other expenses: CHARITY REGISTRATION

    total $5,888 · management and general $5,888

  • 24c · Other expenses: APPRAISER/VALUATION

    total $5,000 · management and general $5,000

  • 24d · Other expenses: PRINTING AND ADMINISTRA

    total $1,940 · management and general $1,940

  • 24e · All other expenses

    total $22,064 · management and general $22,064

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $704,512,914 · end of year $587,760,347

  • 12 · Investments: other securities

    beginning of year $53,386,644 · end of year $50,989,398

  • 17 · Accounts payable and accrued expenses

    end of year $70,000

  • 27 · Net assets without donor restrictions

    beginning of year $757,899,558 · end of year $638,679,745

Mission and programs · 2022

Mission

TO RECEIVE PUBLIC CONTRIBUTIONS AND MAKE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS.

Activities or mission (Part I)

TO RECEIVE CONTRIBUTIONS FROM THE PUBLIC AND MAKE GRANTS TO QUALIFIED RECIPIENT CHARITABLE ORGANIZATIONS.

  • THE ORGANIZATION RECEIVES CHARITABLE CONTRIBUTIONS AND MAKES GRANTS TO CHARITABLE ORGANIZATIONS AND PROJECTS FOR CHARITABLE PURPOSES IN ACCORDANCE WITH APPLICABLE LAW AND REGULATIONS.

    Expenses $108,553,132 · Grants $108,398,132

As filed on the 2022 return.

Listed in Part VII

  • Bessemer Trust Company

    TRUSTEE

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BESSEMER TRUST COMPANY TRUSTEE

    T · STATE CHARTERED COMMERCIAL BANK AND TRUST COMPANY · NJ

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349305716

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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