Skip to content
Nonprofiteer
← THE GEORGE AND BARBARA BUSH FOUNDATION

Form 990 for tax year 2024

Filed by THE GEORGE AND BARBARA BUSH FOUNDATION.

Totals

Total revenue
$16,993,041
Total expenses
$11,877,920
Contributions and grants received
$13,240,116
Grants paid
$1,993,518
Program service revenue
$0
Investment income
$3,221,301
Other revenue
$531,624
Total assets, end of year
$149,044,342
Total liabilities, end of year
$65,007,595
Net assets or fund balances, end of year
$84,036,747
Program services expenses (Part IX)
$6,524,541
Management and general expenses
$3,957,448
Fundraising expenses
$1,395,931
Program service expenses (Part III)
$6,524,541

Program services were 54.9% 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

    $260,106

  • 1c · Fundraising events

    $92,591

  • 1f · All other contributions, gifts and grants

    $12,887,419

  • 1g · Noncash contributions included above

    $14,394

  • 3 · Investment income

    total $804,306 · unrelated business $22,805 · excluded $781,501

  • 6a · Gross rents

    real property $26,500

  • 6b · Less rental expenses

    real property $21,079

  • 6c · Rental income or loss

    real property $5,421

  • 6d · Net rental income or loss

    total $5,421 · unrelated business -$1,783 · excluded $7,204

  • 7a · Gross sales of assets other than inventory

    securities $22,269,260

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

    securities $19,852,265

  • 7c · Gain or loss

    securities $2,416,995

  • 7d · Net gain or loss

    total $2,416,995 · excluded $2,416,995

  • 8a · Fundraising events: gross income

    $601,931

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

    $92,591

  • 8b · Fundraising events: direct expenses

    $380,394

  • 8c · Net income from fundraising events

    total $221,537 · excluded $221,537

  • 10a · Gross sales of inventory

    $539,680

  • 10b · Cost of goods sold

    $243,403

  • 10c · Net income from sales of inventory

    total $296,277 · unrelated business $296,277

  • 11a · Other revenue: MISCELLAENOUS INCOME

    total $8,389 · excluded $8,389

  • 11e · Other revenue, total

    $8,389

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,899,518 · program services $1,899,518

  • 2 · Grants to domestic individuals

    total $94,000 · program services $94,000

  • 5 · Compensation of officers, directors and key employees

    total $189,985 · program services $60,512 · management and general $77,959 · fundraising $51,514

  • 6 · Compensation of disqualified persons

    total $426,600 · program services $135,877 · management and general $175,052 · fundraising $115,671

  • 7 · Other salaries and wages

    total $1,291,581 · program services $408,076 · management and general $529,645 · fundraising $353,860

  • 9 · Other employee benefits

    total $258,561 · program services $81,733 · management and general $106,036 · fundraising $70,792

  • 10 · Payroll taxes

    total $134,640 · program services $41,280 · management and general $55,100 · fundraising $38,260

  • 11b · Fees: legal

    total $38,683 · management and general $38,683

  • 11c · Fees: accounting

    total $98,614 · management and general $98,614

  • 11e · Fees: professional fundraising services

    total $192,919 · fundraising $192,919

  • 11f · Fees: investment management

    total $155,243 · management and general $155,243

  • 11g · Fees: other

    total $683,377 · program services $432,502 · management and general $250,875

  • 12 · Advertising and promotion

    total $96,814 · program services $92,852 · management and general $3,874 · fundraising $88

  • 13 · Office expenses

    total $78,208 · program services $6,163 · management and general $68,547 · fundraising $3,498

  • 16 · Occupancy

    total $179,648 · program services $52,050 · management and general $127,598

  • 17 · Travel

    total $36,050 · program services $29,508 · management and general $6,120 · fundraising $422

  • 20 · Interest

    total $1,791,670 · management and general $1,791,670

  • 22 · Depreciation, depletion and amortization

    total $46,344 · management and general $46,344

  • 23 · Insurance

    total $97,388 · management and general $97,388

  • 24a · Other expenses: UBI TAXES

    total $1,586 · management and general $1,586

  • 24b · Other expenses: OTHER PROGRAM EXPENSE

    total $2,646,795 · program services $2,145,723 · fundraising $501,072

  • 24c · Other expenses: LIBRARY EXHIBIT EXPENSE

    total $978,182 · program services $978,182

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $156,540 · management and general $156,540

  • 24e · All other expenses

    total $304,974 · program services $66,565 · management and general $170,574 · fundraising $67,835

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $964,742

  • 2 · Savings and temporary cash investments

    beginning of year $3,418,072 · end of year $7,260,427

  • 3 · Pledges and grants receivable

    beginning of year $2,209,138 · end of year $3,454,299

  • 4 · Accounts receivable

    beginning of year $25,911 · end of year $111,042

  • 8 · Inventories for sale or use

    beginning of year $138,923 · end of year $168,750

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

    $1,810,993

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

    $1,613,036

  • 10c · Land, buildings and equipment, net

    beginning of year $27,257,364 · end of year $197,957

  • 11 · Investments: publicly traded securities

    beginning of year $98,007,343 · end of year $75,665,361

  • 12 · Investments: other securities

    end of year $24,622,046

  • 15 · Other assets

    beginning of year $110,264 · end of year $36,599,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,773,200 · end of year $2,313,422

  • 19 · Deferred revenue

    beginning of year $325,471 · end of year $441,363

  • 23 · Secured mortgages and notes payable

    beginning of year $22,500,000 · end of year $28,500,000

  • 25 · Other liabilities

    beginning of year $29,517,549 · end of year $33,752,810

  • 27 · Net assets without donor restrictions

    beginning of year $6,102,178 · end of year $11,978,472

  • 28 · Net assets with donor restrictions

    beginning of year $67,948,617 · end of year $72,058,275

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

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

  • GEORGE BUSH SCHOOL OF GOVERNMENT AND PUBLIC SERVICE:THE SCHOOL IS ONE OF THE LEADING PUBLIC AND INTERNATIONAL AFFAIRS GRADUATE SCHOOLS IN THE NATION. ONE OF THE 16 SCHOOLS AND COLLEGES WITHIN TEXAS A&M UNIVERSITY, THE SCHOOL OFFERS BOTH BACHELOR'S AND 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 $2,069,451 · Grants $1,859,518

  • 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. 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 $978,183

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

    Expenses $134,000 · Grants $134,000

  • FOUNDATION EVENTS, LECTURE SERIES, AND HISTORIC DOCUMENTATION.

    Expenses $3,342,907

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

  • 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

  • Jean Becker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Bush Koch

    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

  • Robert M Gates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Leblond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frederick D McClure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew H Card Jr

    CEO/DIRECTOR BEGAN 01/2024

    Total calculated
    $426,600
    From this org
    $400,000
    From related orgs
    $0
    Other
    $26,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $0
    Other
    $0
    Deferred
    $26,600
    Nontaxable benefits
    $0
    Filer's total
    $426,600

  • Madison Hillin

    CHIEF FINANCIAL OFFICER

    Total calculated
    $189,984
    From this org
    $150,458
    From related orgs
    $0
    Other
    $39,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,738
    Bonus
    $0
    Other
    $720
    Deferred
    $13,614
    Nontaxable benefits
    $25,912
    Filer's total
    $189,984

  • Hutton Higgins

    SR. DIR. COMM. & EXTERNAL RELATIONS

    Total calculated
    $186,020
    From this org
    $161,074
    From related orgs
    $0
    Other
    $24,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,054
    Bonus
    $0
    Other
    $20
    Deferred
    $13,318
    Nontaxable benefits
    $11,628
    Filer's total
    $186,020

  • Stephanie Linder

    SR. DIR. DEVELOPMENT

    Total calculated
    $173,091
    From this org
    $149,866
    From related orgs
    $0
    Other
    $23,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,146
    Bonus
    $0
    Other
    $720
    Deferred
    $11,957
    Nontaxable benefits
    $11,268
    Filer's total
    $173,091

  • Sarah Farrell

    DIR. EVENTS & PROGRAMMING

    Total calculated
    $159,483
    From this org
    $118,023
    From related orgs
    $0
    Other
    $41,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,063
    Bonus
    $0
    Other
    $960
    Deferred
    $10,852
    Nontaxable benefits
    $30,608
    Filer's total
    $159,483

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

    $1,859,518

    SCHOLARSHIPS

  • TEXAS A&M UNIVERSITY

    $40,000

    TRAVEL GRANTS

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202512969349300416

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.