Bbl Charitable Foundation

ALBANY, NY EIN: 14-1810413

BBL Charitable Foundation is a corporate foundation based in Albany, New York, established in 1999. It is affiliated with BBL Construction Services LLC and operates as a 501(c)(3) organization. The foundation primarily supports charitable causes through cash donations to nonprofit organizations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$159K

-17.6% YoY

Annual Giving

$195K

-49.5% YoY

Grant Count

-52.4% YoY

Avg Grant Size

$6K

+6.1% YoY

Under IRS private-foundation payout rules, Bbl Charitable Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding focus areas include:

Education
Human Services
Philanthropy, Voluntarism & Grantmaking
Science and STEM Education

The foundation has demonstrated support for organizations serving seniors, healthcare, and community services.

Grantmaking

The foundation distributes funds primarily through direct cash donations to selected nonprofit organizations.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

New York
Florida
New Jersey

Grant Distribution by State

New York $990K (86%)

Florida $113K (10%)

Texas $25K (2%)

California $10K (1%)

West Virginia $5K (0%)

Iowa $3K (0%)

Arkansas $2K (0%)

Illinois $2K (0%)

+6 more states

States

Arkansas California Connecticut Florida Iowa Illinois Kansas Massachusetts New Jersey New York Ohio Texas Virginia West Virginia

Cities

AlbanyAmsterdamArlingtonAverill ParkBinghamtonCantonCedar RapidsCharlestonChathamChicagoClifton ParkDallasEast GreenbushEast SchodackGuilderlandHudsonJacksonvilleKennedy Space CtrLake LuzerneLatham

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (FY 2023):

Total Assets: $192,571
Total Revenues: $247,346
Total Expenses: $386,480
Total Giving: $194,700 (2024 reporting)

Staffing:

0 employees

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$158,607	$192,571	$331,705
Revenue	$160,786	$247,346	$311,108
Expenses	$194,750	$386,480	$199,258
Qualifying Distributions	$194,700	$385,500	$198,608
Net Investment Income	$5,770	—	—
Distributable Amount	$9,627	$12,995	$15,163

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

171 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Adventhealth Wesley Chapel Foundation ($30,000), The Foundation of St Mary's Healthcare ($25,000), The Northern Rivers Family of Services ($20,000).

Recipient	Purpose	Amount
ALZHEIMER'S ASSOCIATION OF NE NY ALBANY, NY	SUPPORT	$10,000
CAPITAL DISTRICT YMCA ALBANY, NY	SUPPORT	$5,000
COLONIE SENIOR SERVICES CENTER INC ALBANY, NY	SUPPORT	$5,000
LIBERTY FOUNDATION AMSTERDAM, NY	SUPPORT	$5,000
ROUNDABOUT RUNNERS CLUB MALTA, NY	SUPPORT	$1,000
SEAT CENTER SCHENECTADY, NY	SUPPORT	$10,000
SIDNEY ALBERT ALBANY JCC ALBANY, NY	SUPPORT	$500
SIENA COLLEGE LOUDONVILLE, NY	SUPPORT	$10,000
SOCK OUT CANCER BINGHAMTON, NY	SUPPORT	$5,000
ST GREGORY'S SCHOOL LOUDONVILLE, NY	SUPPORT	$12,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
STEPHEN OBERMAYER	DIRECTOR	—	—
KEVIN GLEASON	DIRECTOR	—	—

Contact Information

Address: PO Box 12789 Albany, NY 12212-2789

Telephone: 518-452-8200

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Bbl Charitable Foundation fund?

The foundation's primary funding focus areas include: • Education • Human Services • Philanthropy, Voluntarism & Grantmaking • Science and STEM Education The foundation has demonstrated support for organizations serving seniors, healthcare, and community services.

How do I apply for a grant from Bbl Charitable Foundation?

**Grant Activity:** • Made 63 grants in the most recent reporting period • Typical grant awards range from $200 to $85,000 • Total giving reported at $385,500 (recent fiscal year) **Recent Grant Recipients (2023):** • Colonie Senior Services Centers: $85,000 • American Heart Association: $25,000 • The Foundation of St. Mary's Healthcare: $25,000 • Additional 38+ grants totaling approximately $281,000 The foundation distributes funds primarily through direct cash donations to selected nonprofit …

Where does Bbl Charitable Foundation make grants?

The foundation primarily funds organizations in: • New York • Florida • New Jersey

What size grants does Bbl Charitable Foundation award?

In 2024, Bbl Charitable Foundation awarded 30 grants totaling $195K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Bbl Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bbl Charitable Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.