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The Bessemer Giving Fund
The Bessemer Giving Fund reported $311.6 million in revenue and $144.9 million in expenses for calendar year 2024. Of every $100 it spent, $98.90 went to program services, $1.10 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 82.0% of the total. The highest compensation it reported for one person was $45,000 (TRUSTEE). Revenue rose 48% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $145MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $312MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.9% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.1% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 82.0% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $45,000 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.03% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 0 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 78.6 | 56.6 |
| Independent voting board members Part VI 1a–1b | Not reported | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| TRUSTEE Director/trustee, 20.00 hrs/week | $45,000 | $0 | $0 | $45,000 |
0 people received more than $100,000 in reportable compensation from The Bessemer Giving Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $45,000 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| PATTERSON BELKNAP WEBB & TYLER Legal | $416,246 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to The Bessemer Giving Fund totaling $6.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Bessemer Giving Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Bessemer Giving Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Bessemer Giving Fund spent in 2024, $98.90 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Pef Israel Endowment FundsNew York, NY · revenue $311M · programs 99.1% · FY2025
- Seattle FoundationSeattle, WA · revenue $315M · programs 95.3% · 2024
- The Cleveland FoundationCleveland, OH · revenue $303M · programs 90.2% · 2024
- The New York Community TrustNew York, NY · revenue $323M · programs 84.3% · 2024
- Tulsa Community FoundationTulsa, OK · revenue $298M · programs 98.7% · 2024
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Questions people ask
How much of The Bessemer Giving Fund's spending goes to programs?
In calendar year 2024, The Bessemer Giving Fund reported that 98.9% of its $144.9 million in expenses went to program services, 1.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Bessemer Giving Fund pay its top executive?
The largest total compensation The Bessemer Giving Fund reported for one person in calendar year 2024 was $45,000, for the role of TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Bessemer Giving Fund get its money?
Of $311.6 million in revenue in calendar year 2024, 82.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The Bessemer Giving Fund a registered charity?
The IRS lists EIN 13-7111099 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513179349306881 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423199349308562 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349305716 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349317619 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133159349302533 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023219349305062 · read the filing
All filings for EIN 13-7111099: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.