Baltimore Equitable Insurance Foundation
The Baltimore Equitable Insurance Foundation is a private foundation based in Baltimore, Maryland, established in September 1989. The foundation operates as a company-sponsored foundation with support from The Baltimore Equitable Society as its major donor. It functions with a volunteer board and limited staffing, focusing its philanthropic efforts primarily within Baltimore and Maryland.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.2M
+7.7% YoY
Annual Giving
$490K
+11.4% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$49K
+22.5% YoY
Under IRS private-foundation payout rules, Baltimore Equitable Insurance Foundation reported a distributable amount of $496K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to support education, civic and community development, assistance for the homeless, homeownership, and fire prevention. In recent years, the foundation has concentrated its grantmaking on strengthening neighborhoods and increasing home ownership.
Grantmaking
The foundation operates on a preselected grantmaking model and does not accept unsolicited applications for funding.
Grant Range
$20,000–$100,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and initiatives in Baltimore, Maryland, and the state of Maryland.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $10,150,336
- Total revenues: $472,876
- Total expenses: $516,757
- Total liabilities: $0
As of December 2023:
- Total assets: $9,421,912
- Total revenues: $276,407
- Total expenses: $463,570
The foundation maintains a strong asset base relative to its annual giving, indicating a long-term commitment to sustained grantmaking.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,150,336 | $9,421,912 | $8,344,220 |
| Revenue | $472,876 | $276,407 | $438,627 |
| Expenses | $516,757 | $463,570 | $436,883 |
| Qualifying Distributions | $490,000 | $440,000 | $385,000 |
| Net Investment Income | $452,368 | $258,337 | $135,532 |
| Distributable Amount | $496,119 | $437,230 | $438,815 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Ambrose Housing Aid Center ($100,000), Habitat for Humanity of the Chesapeake ($75,000), Bon Secours Community Works ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST AMBROSE HOUSING AID CENTER BALTIMORE, MD | STRENGTHENING NEIGHBORHOODS | $100,000 |
| HABITAT FOR HUMANITY OF THE CHESAPEAKE BALTIMORE, MD | STRENGTHENING NEIGHBORHOODS | $75,000 |
| BON SECOURS COMMUNITY WORKS BALTIMORE, MD | STRENGTHENING NEIGHBORHOODS | $60,000 |
| SOUTHEAST COMMUNITY DEVELOPMENT CORP BALTIMORE, MD | STRENGTHENING NEIGHBORHOODS | $60,000 |
| BLACK WOMEN BUILD BALTIMORE BALTIMORE, MD | STRENGTHENING NEIGHBORHOODS | $40,000 |
| CATHOLIC CHARITIES BALTIMORE, MD | HUMAN SERVICES | $40,000 |
| NEXT ONE UP BALTIMORE, MD | STRENGTHENING NEIGHBORHOODS | $40,000 |
| COMPREHENSIVE HOUSING ASSISTANCE INC BALTIMORE, MD | INCREASING HOME OWNERSHIP | $30,000 |
| HEALTHY NEIGHBOHOODS- SOUTHEAST COMMUNITY DEVELOPMENT BALTIMORE, MD | STRENGTHENING NEIGHBORHOODS | $25,000 |
| LIVE BALTIMORE BALTIMORE, MD | INCREASING HOME OWNERSHIP | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a volunteer board with no paid staff:
- Marjorie Rodgers Cheshire – Chairman
- Mary B. Harlee – President & Treasurer
- Juliet A. Eurich – Secretary
- Sheryl B. Goldstein – Director
- David W. Kinkopf – Director
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY B HARLEE | PRESIDENT & TREASURER | 1 | — |
| MARJORIE RODGERS CHESHIRE | CHAIRMAN | 1 | — |
| JULIET A EURICH | SECRETARY | 1 | — |
| SHERYL B GOLDSTEIN | DIRECTOR | 1 | — |
| DAVID W KINKOPF | DIRECTOR | 1 | — |
Frequently Asked Questions
What does Baltimore Equitable Insurance Foundation fund?
The foundation's primary purpose is to support education, civic and community development, assistance for the homeless, homeownership, and fire prevention. In recent years, the foundation has concentrated its grantmaking on strengthening neighborhoods and increasing home ownership.
How do I apply for a grant from Baltimore Equitable Insurance Foundation?
The foundation operates on a preselected grantmaking model and does not accept unsolicited applications for funding. **Grant Activity (2024):** • Total giving: $490,000 • Number of grants: 10 • Grant range: $20,000–$100,000 • Median grant amount: $40,000 **Recent Grantees (2024):** • St. Ambrose Housing Aid Center: $100,000 (Strengthening Neighborhoods) • Habitat for Humanity of the Chesapeake: $75,000 (Strengthening Neighborhoods) • Bon Secours Baltimore Community Works: $60,000 (Strengthening…
Where does Baltimore Equitable Insurance Foundation make grants?
The foundation primarily funds organizations and initiatives in Baltimore, Maryland, and the state of Maryland.
What size grants does Baltimore Equitable Insurance Foundation award?
In 2024, Baltimore Equitable Insurance Foundation awarded 10 grants totaling $490K — an average of about $49K per grant, based on its IRS Form 990 filings.
How much is Baltimore Equitable Insurance Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Baltimore Equitable Insurance Foundation reported a distributable amount of $496K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Baltimore Equitable Insurance Foundation's EIN?
Baltimore Equitable Insurance Foundation's EIN (Employer Identification Number) is 52-1645633. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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