Basalt Foundation Inc is a private foundation focused on Education, based in SANTA FE, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $301K in total assets. In 2024, it awarded 3 grants totaling $4K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$301K
+3.4% YoY
Annual Giving
$4K
+200.0% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Basalt Foundation Inc reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About Basalt Foundation Inc
Based on IRS filings
Basalt Foundation Inc is a private foundation focused on Education, based in SANTA FE, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $301K in total assets. In 2024, it awarded 3 grants totaling $4K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $300,771 | $290,834 | $254,945 |
| Revenue | $22,033 | $12,784 | $15,353 |
| Expenses | $8,989 | $5,782 | $24,645 |
| Qualifying Distributions | $4,200 | $1,400 | $16,250 |
| Net Investment Income | $17,244 | $8,651 | $11,064 |
| Distributable Amount | $14,700 | $13,192 | $13,250 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Empty Bowl Houston Food Bank ($1,400), Houston Food Bank ($1,400), Santa Fe Food Depot ($1,400).
| Recipient | Purpose | Amount |
|---|---|---|
| EMPTY BOWL HOUSTON FOOD BANK HOUSTON, TX | ADVOCATING TO END HUNGER | $1,400 |
| HOUSTON FOOD BANK HOUSTON, TX | ADVOCATING TO END HUNGER | $1,400 |
| SANTA FE FOOD DEPOT SANTA FE, NM | ADVOCATING TO END HUNGER | $1,400 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAN DUGGAN | PRESIDENT | 1 | — |
| PETER REED DUGGAN | DIRECTOR | 1 | — |
| MATTHEW B DUGGAN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Basalt Foundation Inc?
Basalt Foundation Inc is a private foundation focused on Education, based in SANTA FE, NM. It holds $301K in total assets as of 2024.
How large is Basalt Foundation Inc?
As of 2024, Basalt Foundation Inc holds $301K in total assets with $22K in annual revenue. It awarded 3 grants totaling $4K in 2024.
Where does Basalt Foundation Inc operate?
Basalt Foundation Inc has awarded grants in California, District of Columbia, New Mexico, New York, Texas.
What size grants does Basalt Foundation Inc award?
In 2024, Basalt Foundation Inc awarded 3 grants totaling $4K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Basalt Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Basalt Foundation Inc reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Basalt Foundation Inc's EIN?
Basalt Foundation Inc's EIN (Employer Identification Number) is 72-1567897. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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