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Nonprofiteer
← THE GEORGE W BUSH FOUNDATION

Form 990 for tax year 2024

Filed by THE GEORGE W BUSH FOUNDATION.

Totals

Total revenue
$55,960,197
Total expenses
$36,902,028
Contributions and grants received
$40,811,087
Grants paid
$1,016,670
Program service revenue
$3,245,913
Investment income
$10,513,248
Other revenue
$1,389,949
Total assets, end of year
$711,309,527
Total liabilities, end of year
$3,313,194
Net assets or fund balances, end of year
$707,996,333
Program services expenses (Part IX)
$24,520,479
Management and general expenses
$7,270,003
Fundraising expenses
$5,111,546
Program service expenses (Part III)
$24,520,479

Program services were 66.4% 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.

  • 1b · Membership dues

    $112,300

  • 1f · All other contributions, gifts and grants

    $40,698,787

  • 1g · Noncash contributions included above

    $1,466,689

  • 2a · Program service revenue: MUSEUM TICKET SALES

    total $1,668,290 · related or exempt $1,668,290

  • 2b · Program service revenue: ECONOMIC GROWTH INITIA

    total $1,409,007 · related or exempt $1,409,007

  • 2c · Program service revenue: ENGAGE EVENTS

    total $105,973 · related or exempt $105,973

  • 2d · Program service revenue: OVAL OFFICE PHOTO COMM

    total $62,643 · related or exempt $62,643

  • 3 · Investment income

    total $8,540,145 · unrelated business $435,063 · excluded $8,105,082

  • 6a · Gross rents

    real property $1,008,735

  • 6b · Less rental expenses

    real property $347,452

  • 6c · Rental income or loss

    real property $661,283

  • 6d · Net rental income or loss

    total $661,283 · unrelated business $44,224 · excluded $617,059

  • 7a · Gross sales of assets other than inventory

    securities $43,150,034

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

    securities $41,176,931

  • 7c · Gain or loss

    securities $1,973,103

  • 7d · Net gain or loss

    total $1,973,103 · excluded $1,973,103

  • 11a · Other revenue: PARKING REVENUE

    total $347,157 · unrelated business $10,737 · excluded $336,420

  • 11b · Other revenue: RESTAURANT & CATERING

    total $278,515 · unrelated business $278,515

  • 11c · Other revenue: GIFT SHOP COMMISSIONS

    total $45,027 · excluded $45,027

  • 11d · All other revenue

    total $57,967 · excluded $57,967

  • 11e · Other revenue, total

    $728,666

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,016,670 · program services $1,016,670

  • 5 · Compensation of officers, directors and key employees

    total $2,362,713 · program services $1,454,948 · management and general $461,084 · fundraising $446,681

  • 6 · Compensation of disqualified persons

    total $246,050 · program services $246,050

  • 7 · Other salaries and wages

    total $10,078,193 · program services $6,518,322 · management and general $1,735,250 · fundraising $1,824,621

  • 8 · Pension plan contributions

    total $502,410 · program services $317,348 · management and general $90,555 · fundraising $94,507

  • 9 · Other employee benefits

    total $2,179,779 · program services $1,395,385 · management and general $369,497 · fundraising $414,897

  • 10 · Payroll taxes

    total $846,288 · program services $545,707 · management and general $142,050 · fundraising $158,531

  • 11b · Fees: legal

    total $30,516 · management and general $30,516

  • 11c · Fees: accounting

    total $137,403 · management and general $137,403

  • 11e · Fees: professional fundraising services

    total $46,525 · fundraising $46,525

  • 11f · Fees: investment management

    total $196,962 · program services $1,021 · management and general $195,941

  • 11g · Fees: other

    total $2,587,697 · program services $2,510,253 · management and general $47,427 · fundraising $30,017

  • 12 · Advertising and promotion

    total $330,007 · program services $328,626 · management and general $507 · fundraising $874

  • 13 · Office expenses

    total $517,380 · program services $265,680 · management and general $50,870 · fundraising $200,830

  • 14 · Information technology

    total $1,011,702 · program services $719,202 · management and general $117,786 · fundraising $174,714

  • 16 · Occupancy

    total $2,473,866 · program services $1,849,682 · management and general $284,625 · fundraising $339,559

  • 17 · Travel

    total $1,031,470 · program services $963,387 · management and general $32,325 · fundraising $35,758

  • 19 · Conferences, conventions and meetings

    total $3,051,827 · program services $2,331,942 · management and general $192,822 · fundraising $527,063

  • 22 · Depreciation, depletion and amortization

    total $5,121,407 · program services $3,714,044 · management and general $698,048 · fundraising $709,315

  • 23 · Insurance

    total $383,892 · program services $270,405 · management and general $53,269 · fundraising $60,218

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $2,412,304 · management and general $2,412,304

  • 24b · Other expenses: MISCELLANEOUS

    total $286,623 · program services $71,807 · management and general $167,380 · fundraising $47,436

  • 24c · Other expenses: UNRELATED BUS INC TAX

    total $50,344 · management and general $50,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,331,283 · end of year $4,454,163

  • 2 · Savings and temporary cash investments

    beginning of year $21,077,051 · end of year $22,480,205

  • 3 · Pledges and grants receivable

    beginning of year $43,888,898 · end of year $47,029,611

  • 4 · Accounts receivable

    beginning of year $1,524,359 · end of year $534,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $868,003 · end of year $693,140

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

    $247,453,393

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

    $108,699,714

  • 10c · Land, buildings and equipment, net

    beginning of year $142,678,510 · end of year $138,753,679

  • 11 · Investments: publicly traded securities

    beginning of year $312,567,469 · end of year $381,016,725

  • 12 · Investments: other securities

    beginning of year $74,384,853 · end of year $83,301,179

  • 15 · Other assets

    beginning of year $33,200,317 · end of year $33,046,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,564,675 · end of year $2,582,425

  • 19 · Deferred revenue

    beginning of year $307,398 · end of year $402,201

  • 25 · Other liabilities

    beginning of year $545,419 · end of year $328,568

  • 27 · Net assets without donor restrictions

    beginning of year $392,119,815 · end of year $434,238,939

  • 28 · Net assets with donor restrictions

    beginning of year $240,983,436 · end of year $273,757,394

Mission and programs · 2024

Mission

SEE SCHEDULE O FOR MISSION STATEMENT.

  • THE GEORGE W. BUSH INSTITUTE IS A SOLUTION-ORIENTED NONPARTISAN POLICY ORGANIZATION FOCUSED ON ENSURING OPPORTUNITY FOR ALL, STRENGTHENING DEMOCRACY, AND ADVANCING FREE SOCIETIES. HOUSED WITHIN THE GEORGE W. BUSH PRESIDENTIAL CENTER, THE BUSH INSTITUTE IS ROOTED IN COMPASSIONATE CONSERVATIVE VALUES AND COMMITTED TO CREATING POSITIVE, MEANINGFUL, AND LASTING CHANGE AT HOME AND ABROAD. WE UTILIZE OUR UNIQUE PLATFORM AND CONVENING POWER TO ADVANCE SOLUTIONS TO NATIONAL AND GLOBAL ISSUES OF THE DAY.

    Expenses $15,859,862 · Grants $1,010,720

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

    Expenses $8,660,617 · Grants $5,950 · Revenue $3,245,913

As filed on the 2024 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

  • Kenneth A Hersh

    PRESIDENT & CEO/DIRECTOR

    Total calculated
    $660,778
    From this org
    $639,000
    From related orgs
    $0
    Other
    $21,778
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $639,000
    Bonus
    $0
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $1,078
    Filer's total
    $660,778
  • Donald L Evans

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Bill Hickey

    VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Reginald Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Laura W Bush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Kelly H Compton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Harlan Crow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Antonio Garza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Dylan C Glenn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Henry C Hager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jon D Hammes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • John W Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Joel Kaplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jeremy L Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Mark Langdale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Dina Powell McCormick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Mike Meece

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • David B Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Peter Pace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Pamela H Patsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jeanne L Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Caren Prothro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Larry D Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • R Gerald Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ted Ullyot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Brian S Cossiboom

    VP FINANCE & OPERATIONS/TREASURER

    Total calculated
    $397,239
    From this org
    $363,010
    From related orgs
    $0
    Other
    $34,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,910
    Bonus
    $32,100
    Other
    $0
    Deferred
    $19,730
    Nontaxable benefits
    $14,499
    Filer's total
    $397,239
  • David Kramer Vp Executive

    DIRECTOR - GEORGE BUSH INSTITUTE

    Total calculated
    $387,128
    From this org
    $363,322
    From related orgs
    $0
    Other
    $23,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,822
    Bonus
    $32,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,806
    Filer's total
    $387,128
  • Kerr H Guy

    SECRETARY/GENERAL COUNSEL

    Total calculated
    $280,405
    From this org
    $262,993
    From related orgs
    $0
    Other
    $17,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,843
    Bonus
    $21,150
    Other
    $0
    Deferred
    $15,316
    Nontaxable benefits
    $2,096
    Filer's total
    $280,405
  • Kristin N King

    COO - GEORGE BUSH INSTITUTE

    Total calculated
    $315,037
    From this org
    $287,005
    From related orgs
    $0
    Other
    $28,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,430
    Bonus
    $24,575
    Other
    $0
    Deferred
    $13,825
    Nontaxable benefits
    $14,207
    Filer's total
    $315,037
  • Rachel Evans Mabry

    VICE PRESIDENT, DEVELOPMENT

    Total calculated
    $280,825
    From this org
    $236,324
    From related orgs
    $0
    Other
    $44,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,824
    Bonus
    $21,500
    Other
    $0
    Deferred
    $13,905
    Nontaxable benefits
    $30,596
    Filer's total
    $280,825
  • Igor Khrestin

    MD OF GLOBAL POLICY

    Total calculated
    $339,276
    From this org
    $289,397
    From related orgs
    $0
    Other
    $49,879
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,955
    Bonus
    $24,442
    Other
    $0
    Deferred
    $17,967
    Nontaxable benefits
    $31,912
    Filer's total
    $339,276
  • Anne Elizabeth Wicks

    MD, OPPORTUNITY & DEMOCRACY

    Total calculated
    $308,973
    From this org
    $272,156
    From related orgs
    $0
    Other
    $36,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,546
    Bonus
    $20,610
    Other
    $0
    Deferred
    $14,238
    Nontaxable benefits
    $22,579
    Filer's total
    $308,973
  • Teresa Schuman Lenling Dir

    GEORGE BUSH PRESIDENTIAL MUSEUM

    Total calculated
    $260,806
    From this org
    $226,729
    From related orgs
    $0
    Other
    $34,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,450
    Bonus
    $15,279
    Other
    $0
    Deferred
    $11,514
    Nontaxable benefits
    $22,563
    Filer's total
    $260,806
  • Jonathan David Tepperman

    EDITOR-IN-CHIEF AND SENIOR FELLOW

    Total calculated
    $261,885
    From this org
    $219,129
    From related orgs
    $0
    Other
    $42,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,885
    Bonus
    $19,244
    Other
    $0
    Deferred
    $13,515
    Nontaxable benefits
    $29,241
    Filer's total
    $261,885
  • James Howard Cullum Clark

    DIRECTOR, BUSH INSTITUTE-SMU ECONOMIC GROWTH INITI

    Total calculated
    $246,049
    From this org
    $200,549
    From related orgs
    $0
    Other
    $45,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,749
    Bonus
    $11,800
    Other
    $0
    Deferred
    $12,708
    Nontaxable benefits
    $32,792
    Filer's total
    $246,049

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 2943 HOLDINGS LLC

    REAL ESTATE HOLDING · TX · income $0 · assets $650,000

    Directly controlled by THE GEORGE W BUSH FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513169349305411

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