Skip to content
Nonprofiteer
← THE GEORGE AND BARBARA BUSH FOUNDATION

Form 990 for tax year 2023

Filed by THE GEORGE AND BARBARA BUSH FOUNDATION.

Totals

Total revenue
$12,779,004
Total expenses
$8,742,841
Contributions and grants received
$11,677,860
Grants paid
$2,289,082
Program service revenue
$0
Investment income
$739,652
Other revenue
$361,492
Total assets, end of year
$131,167,015
Total liabilities, end of year
$57,116,220
Net assets or fund balances, end of year
$74,050,795
Program services expenses (Part IX)
$5,517,444
Management and general expenses
$2,499,169
Fundraising expenses
$726,228
Program service expenses (Part III)
$5,517,444

Program services were 63.1% 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.

  • 1c · Fundraising events

    $543,701

  • 1f · All other contributions, gifts and grants

    $11,134,159

  • 1g · Noncash contributions included above

    $1,820,450

  • 3 · Investment income

    total $740,046 · unrelated business $20,796 · excluded $719,250

  • 7a · Gross sales of assets other than inventory

    securities $21,154,673

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

    securities $21,155,067

  • 7c · Gain or loss

    securities -$394

  • 7d · Net gain or loss

    total -$394 · excluded -$394

  • 8a · Fundraising events: gross income

    $223,522

  • 8a · Fundraising events: contributions included on line 1c

    $543,701

  • 8b · Fundraising events: direct expenses

    $146,191

  • 8c · Net income from fundraising events

    total $77,331 · excluded $77,331

  • 10a · Gross sales of inventory

    $389,786

  • 10b · Cost of goods sold

    $249,842

  • 10c · Net income from sales of inventory

    total $139,944 · unrelated business $139,944

  • 11a · Other revenue: TAMU SETTLEMENT AGREEMENT

    total $141,687 · related or exempt $141,687

  • 11b · Other revenue: MISCELLAENOUS INCOME

    total $2,530 · excluded $2,530

  • 11e · Other revenue, total

    $144,217

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,205,082 · program services $2,205,082

  • 2 · Grants to domestic individuals

    total $84,000 · program services $84,000

  • 5 · Compensation of officers, directors and key employees

    total $618,821 · program services $262,579 · management and general $275,067 · fundraising $81,175

  • 7 · Other salaries and wages

    total $1,037,157 · program services $392,439 · management and general $468,923 · fundraising $175,795

  • 9 · Other employee benefits

    total $212,232 · program services $90,055 · management and general $94,337 · fundraising $27,840

  • 10 · Payroll taxes

    total $109,604 · program services $46,507 · management and general $48,719 · fundraising $14,378

  • 11b · Fees: legal

    total $50,000 · management and general $50,000

  • 11c · Fees: accounting

    total $76,290 · management and general $76,290

  • 11f · Fees: investment management

    total $139,440 · management and general $139,440

  • 11g · Fees: other

    total $534,168 · program services $368,288 · management and general $165,612 · fundraising $268

  • 12 · Advertising and promotion

    total $117,720 · program services $40,181 · management and general $4,787 · fundraising $72,752

  • 13 · Office expenses

    total $139,443 · program services $91,816 · management and general $41,701 · fundraising $5,926

  • 14 · Information technology

    total $10,110 · program services $851 · management and general $9,259

  • 16 · Occupancy

    total $182,100 · management and general $182,100

  • 17 · Travel

    total $79,035 · program services $68,805 · management and general $6,842 · fundraising $3,388

  • 20 · Interest

    total $834,292 · management and general $834,292

  • 22 · Depreciation, depletion and amortization

    total $44,782 · management and general $44,782

  • 23 · Insurance

    total $25,516 · management and general $25,516

  • 24a · Other expenses: LIBRARY EXHIBIT EXPENSE

    total $1,117,580 · program services $1,117,580

  • 24b · Other expenses: EVENTS

    total $839,241 · program services $726,393 · management and general $600 · fundraising $112,248

  • 24c · Other expenses: FUNDRAISING EXPENSES

    total $167,712 · fundraising $167,712

  • 24d · Other expenses: DUES AND SUBCRIPTIONS

    total $79,258 · program services $8,662 · management and general $13,863 · fundraising $56,733

  • 24e · All other expenses

    total $39,258 · program services $14,206 · management and general $17,039 · fundraising $8,013

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,679,794 · end of year $3,418,072

  • 3 · Pledges and grants receivable

    beginning of year $856,048 · end of year $2,209,138

  • 4 · Accounts receivable

    beginning of year $393,020 · end of year $25,911

  • 8 · Inventories for sale or use

    beginning of year $215,728 · end of year $138,923

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,423 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $28,824,056

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,566,692

  • 10c · Land, buildings and equipment, net

    beginning of year $6,586,724 · end of year $27,257,364

  • 11 · Investments: publicly traded securities

    beginning of year $89,957,603 · end of year $98,007,343

  • 12 · Investments: other securities

    beginning of year $1,893

  • 15 · Other assets

    beginning of year $110,264 · end of year $110,264

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,916,242 · end of year $4,773,200

  • 19 · Deferred revenue

    beginning of year $368,163 · end of year $325,471

  • 23 · Secured mortgages and notes payable

    beginning of year $5,000,000 · end of year $22,500,000

  • 25 · Other liabilities

    beginning of year $27,499,112 · end of year $29,517,549

  • 27 · Net assets without donor restrictions

    beginning of year -$34,015 · end of year $6,102,178

  • 28 · Net assets with donor restrictions

    beginning of year $64,054,995 · end of year $67,948,617

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • INTERACTIVE LEARNING PROGRAMS THE FOUNDATION PROVIDES A DYNAMIC LEARNING ENVIRONMENT. THROUGH ITS PROGRAMS AND LECTURES, THE PUBLIC IS ABLE TO EXPERIENCE INSIGHT INTO THE COMPLEX DYNAMICS OF DIPLOMACY AND DOMESTIC POLICY MAKING, AND HOW THE OFFICES AND THE INDIVIDUALS SERVING THE PEOPLE PERFORM THEIR DUTIES. THE LIBRARY AND MUSEUM INFORM AND ENRICH LEARNING FOR ALL AGES REGARDING U.S. HISTORY, THE ROLE OF THE PRESIDENCY WITH SPECIAL FOCUS ON THE ADMINISTRATION OF GEORGE H.W. BUSH, AND ENHANCE THE LEARNING ENVIRONMENT THROUGH THE SUPPORT OF LITERACY AND EDUCATION PROGRAMS. ALL OF THE EDUCATION PROGRAMS ARE PROVIDED TO SCHOOL GROUPS FREE OF CHARGE BOTH ON SITE AND THROUGH DISTANCE LEARNING. STORIES ARE DRAMATICALLY TOLD ABOUT AMERICAN AND TEXAS HISTORY BRINGING PAST EVENTS ALIVE AND PROVIDING BENEFICIAL LEARNING EXPERIENCES FOR ALL AGES. THE BUSH LIBRARY AND MUSEUM OFFERS FREE PRESENTATIONS AT THE MUSEUM OR AS OUTREACH PROGRAMS AND ONLINE APPLICATIONS TO AREA SCHOOLS ON A WIDE VARIETY OF TOPICS. AT THE MUSEUM OR AT THE SCHOOL, CUSTOM-DESIGNED STORYTELLING PROGRAMS MEET THE NEEDS OF STUDENTS. SUMMER CAMPS FOR STUDENTS AGES 7 TO 11 ARE ALSO OFFERED BY THE LIBRARY AND MUSEUM. THE CAMPS ENGAGE YOUNG LEARNERS AND INFORM THEM IN A FUN WAY ABOUT U.S. HISTORY, GOVERNMENT, THE PRESIDENCY AND OTHER RELEVANT TOPICS. CAMPS INCLUDE MUSEUM TOURS, HANDS-ON ACTIVITIES, GUEST SPEAKERS AND FIELD TRIPS. THE ANNUAL ART AND ESSAY CONTEST SOLICITS ORIGINAL ARTWORKS FROM STUDENTS IN GRADES K-12 AND ESSAYS FROM STUDENTS IN GRADES 4-12. FIRST PLACE ARTWORKS ARE DISPLAYED IN THE BUSH LIBRARY AND MUSEUM'S CLASSROOM UNTIL THE FOLLOWING YEAR'S CONTEST. THE MUSEUM'S CORE EXHIBITS REVEAL THE UNIQUE INFLUENCES AND CHALLENGES THAT SHAPED GEORGE BUSH'S LIFE AND PRESIDENCY, AND FREQUENTLY CHANGING TEMPORARY EXHIBITS PRESENT VISITORS NEW AND INTERESTING PERSPECTIVES ON PRESIDENT BUSH, HIS LIFE AND WORK. SEE A WORLD WAR II AVENGER TORPEDO BOMBER, A 1947 STUDEBAKER, A SLAB OF THE BERLIN WALL, AND PRECISE REPLICAS OF PRESIDENT BUSH'S CAMP DAVID AND SITUATION ROOM. VISITORS CAN HAVE THEIR PICTURE MADE WHILE SEATED AT THE DESK IN THE REPLICA OVAL OFFICE. IN ADDITION, A SPECIAL SECTION IS DEDICATED TO FIRST LADY BARBARA BUSH AND HER EFFORTS ON BEHALF OF LITERACY, AIDS AWARENESS AND PREVENTION, AND VOLUNTEERISM.

    Expenses $1,117,580

  • GEORGE BUSH SCHOOL OF GOVERNMENT AND PUBLIC SERVICETHE SCHOOL IS ONE OF THE LEADING PUBLIC AND INTERNATIONAL AFFAIRS GRADUATE SCHOOLS IN THE NATION. ONE OF THE TEN SCHOOLS AND COLLEGES AT TEXAS A&M UNIVERSITY, THE SCHOOL OFFERS MASTER'S LEVEL EDUCATION FOR STUDENTS WANTING CAREERS IN PUBLIC SERVICE. THE SCHOOL IS STILL RANKED IN THE TOP 12 PERCENT OF THE GRADUATE PUBLIC AFFAIRS SCHOOLS IN THE NATION. THE SCHOOL'S PHILOSOPHY IS BASED ON THE BELIEF OF ITS FOUNDER, GEORGE H.W. BUSH, THAT PUBLIC SERVICE IS A NOBLE CALLING, A BELIEF THAT CONTINUES TO SHAPE ALL ASPECTS OF THE CURRICULUM, RESEARCH, AND STUDENT EXPERIENCE. THERE ARE THREE ELEMENTS THAT FORM ALL ACTIVITIES AT THE SCHOOL. FIRST IS THE CULTIVATION OF PRINCIPLED LEADERS. SECOND, THE SCHOOL RECOGNIZES THE VITAL IMPORTANCE OF THE RESEARCH CONDUCTED BY ITS FACULTY AND RESEARCH INSTITUTES. THIRD, THE SCHOOL HAS AS ONE OF ITS CORNERSTONES THE IDEA OF GIVING BACK TO THE COMMUNITY THROUGH PUBLIC SERVICE. AN IMPORTANT PART OF THE BUSH SCHOOL EXPERIENCE IS THE OPPORTUNITY TO ENGAGE IN PUBLIC SERVICE OUTSIDE THE CLASSROOM, INCLUDING A SUMMER INTERNSHIP AND STUDENT-LED PUBLIC SERVICE PROJECTS THAT ENABLE STUDENTS TO APPLY WHAT THEY LEARN IN EXTERNAL SETTINGS.

    Expenses $2,165,081 · Grants $2,165,081

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $126,500 · Grants $124,001

  • FOUNDATION EVENTS, LECTURE SERIES, AND HISTORIC DOCUMENTATION

    Expenses $2,108,283

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Alexander Hap Ellis III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • James W Cicconi

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Terri Lacy

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Andrew H Card Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Leblond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fredrick D McClure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean Becker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marvin Bush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neil Bush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Bush Koch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maxmillian Angerholzer

    CEO (UNTIL 11/20/2023)

    Total calculated
    $526,898
    From this org
    $478,153
    From related orgs
    $0
    Other
    $48,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $477,993
    Bonus
    $0
    Other
    $160
    Deferred
    $19,613
    Nontaxable benefits
    $29,132
    Filer's total
    $526,898

  • Madison Hillin

    CHIEF OPERATING OFFICER

    Total calculated
    $153,745
    From this org
    $120,440
    From related orgs
    $0
    Other
    $33,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,960
    Bonus
    $0
    Other
    $480
    Deferred
    $9,883
    Nontaxable benefits
    $23,422
    Filer's total
    $153,745

  • Stephanie Linder

    SR. DIR. DEVELOPMENT

    Total calculated
    $168,718
    From this org
    $144,787
    From related orgs
    $0
    Other
    $23,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,227
    Bonus
    $0
    Other
    $560
    Deferred
    $11,613
    Nontaxable benefits
    $12,318
    Filer's total
    $168,718

  • Sarah Farrel

    DIR. EVENTS & PROGRAMMING

    Total calculated
    $153,092
    From this org
    $112,963
    From related orgs
    $0
    Other
    $40,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,003
    Bonus
    $0
    Other
    $960
    Deferred
    $9,926
    Nontaxable benefits
    $30,203
    Filer's total
    $153,092

  • Hutton Higgins

    SR. DIR. COMMUNICATIONS & EXTERNAL RELATIONS

    Total calculated
    $173,574
    From this org
    $150,000
    From related orgs
    $0
    Other
    $23,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $12,031
    Nontaxable benefits
    $11,543
    Filer's total
    $173,574

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • BUSH SCHOOL OF GOVERNMENT & PUBLIC SERVICE

    $2,165,082

    SCHOLARSHIPS

  • TEXAS A&M UNIVERSITY

    $40,000

    TRAVEL GRANTS

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433199349315648

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

The source document this was parsed from is served over the API, which is where bulk and document access live.