Bay Branch Foundation
The Bay Branch Foundation is a private foundation established in 1964 and based in Boca Raton, Florida. As a 501(c)(3) organization, it does not engage in direct charitable activities. Instead, its primary function is making donations to pre-selected charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$859K
+35.6% YoY
Annual Giving
$324K
-60.8% YoY
Grant Count
11
-60.7% YoY
Avg Grant Size
$29K
-0.3% YoY
Under IRS private-foundation payout rules, Bay Branch Foundation reported a distributable amount of $739K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation has not provided a formal mission statement. However, its funding priorities reflect support across multiple sectors:
- Philanthropy & Grantmaking (approximately 48% of giving)
- Education (approximately 26% of giving)
- Religion (approximately 8% of giving)
- Health and Community Services
- Arts and Culture
- Historical Activities and Preservation
- Environment
- Animal Welfare
- Human Services
The foundation demonstrates particular commitment to supporting the Boca Raton Regional Hospital Foundation and its initiatives.
Grantmaking
The foundation made 44 grants in 2024, with total giving of $323,736. Recent grants include:
Review Cycle
.
How to Apply
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Geographic Focus
Where this funder awards grants
Approximately 42% of grants remain in Florida. The foundation also provides significant support to organizations in New York, California, Minnesota, and Delaware. Funding extends to major cities including Atlanta, New York, and Washington, D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $858,878
- Total Revenues: $492,953
- Total Expenses: $357,543
- Total Giving: $323,736
- Number of Employees: 0
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $858,878 | $633,416 | $966,639 |
| Revenue | $492,953 | $472,766 | $549,396 |
| Expenses | $357,543 | $856,111 | $5,647,690 |
| Qualifying Distributions | $326,936 | $852,562 | $5,624,549 |
| Net Investment Income | $467,953 | $470,266 | $548,146 |
| Distributable Amount | $739,031 | $755,806 | $1,063,003 |
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
180 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Paul Lutheran Church ($120,000), Lynn University ($117,736), Boca Raton Regional Hospital Foundation ($26,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST PAUL LUTHERAN CHURCH BOCA RATON, FL | TO FINANCE OPERATIONS OF CHURCH AND SCHOOL. | $120,000 |
| LYNN UNIVERSITY BOCA RATON, FL | TO FINANCE OPERATIONS OF DONEE ORGANIZATION AND FUNDRAISING EVENTS | $117,736 |
| BOCA RATON REGIONAL HOSPITAL FOUNDATION BOCA RATON, FL | TO FINANCE OPERATIONS OF DONEE ORGANIZATION, CAPITAL PROJECTS AND FUNDRAISING EVENTS | $26,000 |
| ROTARY CLUB DOWNTOWN BOCA RATON FUND BOCA RATON, FL | TO FINANCE FUNDRAISING EVENT | $22,500 |
| DEBBIE-RAND MEMORIAL SERVICE LEAGUE INC BOCA RATON, FL | TO FINANCE GENERAL OPERATIONS FUND | $10,000 |
| ORDER OF ST JOHN OF JERUSALEM KNIGHT HOSPITALLER OF FLORIDA INC BOCA RATON, FL | TO FINANCE FUNDRAISING EVENT | $10,000 |
| TRUSTBRIDGE HOSPICE FOUNDATION BOCA RATON, FL | TO FINANCE PROGRAM DEVELOPMENT | $5,000 |
| SAVE THE CHIMPS FORT PIERCE, FL | TO FINANCE GENERAL OPERATIONS FUND | $5,000 |
| TRI COUNTY HUMANE SOCIETY BOCA RATON, FL | TO FINANCE OPERATIONS OF DONEE ORGANIZATION | $5,000 |
| SOROPTIMIST INTERNATIONAL OF BOCA RATONDEERFIELD BEACH INC BOCA RATON, FL | TO FINANCE GENERAL OPERATIONS FUND | $1,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by a team of directors and trustees who serve without compensation:
- Elaine J. Wold — Founder, Director
- Keith C. Wold — Founder
- Keith C. Wold Jr. — Donor, Trustee
- Diana J. Wold — Trustee
- Diana E. Marszalek Bekmyrza — Director
- Andrea P. Westergom — Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANA J WOLD | DIRECTOR | 2 | — |
| KEITH C WOLD JR | DIRECTOR | 2 | — |
| ELAINE J WOLD | DIRECTOR | 2 | — |
| DIANA J WOLD | TRUSTEE | 3 | — |
| ANDREA P WESTERGOM | TRUSTEE | 3 | — |
| DIANA E MARSZALEK BEKMYRZA | DIRECTOR | 2 | — |
| DIANA E MARSZALEK BEKMYRZA | TRUSTEE | 3 | — |
| KEITH C WOLD JR | TRUSTEE | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation's most recent IRS Form 990 filing was processed on December 1, 2024, reflecting fiscal year 2024 activity. The foundation continues its pattern of supporting pre-selected organizations across education, healthcare, religion, and philanthropic sectors.
Frequently Asked Questions
What does Bay Branch Foundation fund?
The foundation has not provided a formal mission statement. However, its funding priorities reflect support across multiple sectors: • **Philanthropy & Grantmaking** (approximately 48% of giving) • **Education** (approximately 26% of giving) • **Religion** (approximately 8% of giving) • **Health and Community Services** • **Arts and Culture** • **Historical Activities and Preservation** • **Environment** • **Animal Welfare** • **Human Services** The foundation demonstrates particular commitment…
How do I apply for a grant from Bay Branch Foundation?
**Grant Activity:** The foundation made 44 grants in 2024, with total giving of $323,736. Recent grants include: • St. Paul Evangelical Lutheran Church of Boca Raton, FL: $120,000 • Lynn University: $117,736 • Boca Raton Regional Hospital Foundation: $26,000 • Rotary Club Downtown Boca Raton Fund: $22,500 • Florida Atlantic University Foundation: $1,000 • Order of St John of Jerusalem Knight Hospitaller: $10,000 **Application Process:** The foundation only makes contributions to pre-selected ch…
Where does Bay Branch Foundation make grants?
Approximately 42% of grants remain in Florida. The foundation also provides significant support to organizations in New York, California, Minnesota, and Delaware. Funding extends to major cities including Atlanta, New York, and Washington, D.C.
What size grants does Bay Branch Foundation award?
In 2024, Bay Branch Foundation awarded 11 grants totaling $324K — an average of about $29K per grant, based on its IRS Form 990 filings.
How much is Bay Branch Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bay Branch Foundation reported a distributable amount of $739K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bay Branch Foundation's EIN?
Bay Branch Foundation's EIN (Employer Identification Number) is 22-6054888. 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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