BD Foundation Inc
BD Foundation Inc is a private foundation, based in Franklin Lakes, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.3M in total assets. In 2024, it awarded 6 grants totaling $1.4M. Net investment income was $1.2M.
BD Foundation Inc at a glance
In short: BD Foundation Inc gave $1.4M across 6 grants in 2024 (avg $230K), top state California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,377,000
- -2.3% vs 2023
- Grants made (2024)
- 6
- +50.0% vs 2023
- Average grant
- $229,500
- -34.9% vs 2023
- Median grant
- $152,500
- Total assets
- $32,269,133
- +6.2% vs 2023
- Primary geography
- California (44% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who BD Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Direct Relief ($600K). Together the top 6 received $1.4M.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 13 grants of 40 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How BD Foundation Inc gives
- Giving fell 35% from 2021 to 2024. Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.3M (2020) to $2.1M (2021). In 2024 it made 6 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Direct Relief Santa Barbara, CA | To Support Projects in Various Communities | $600,000 |
| pinkdrive USA Belmont, MA | general grants | $252,000 |
| International Council for Nurses | To support initiative to develop the capacity of nursing associations in Africa. | $180,000 |
| Susan G Komen Dallas, TX | general grant | $125,000 |
| Heart to Heart International Inc Lenexa, KS | to provide support for mobile clinics and water filtration units for Turkey and Syria affected by earthquake | $120,000 |
| Planet Water Foundation Phoenix, AZ | To provide funding for the aquablock emergency response program - mexico ("program") | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $32,269,133 | $1,766,904 | $1,467,301 | $1,377,000 | 6 | $1,424,930 | $1,237,833 | $1,547,741 |
| 2023 | $30,389,011 | $980,508 | $703,900 | $1,410,000 | 4 | $1,486,302 | $938,423 | $1,418,376 |
| 2022 | $28,486,517 | $516,059 | $518,448 | $1,521,500 | 8 | $1,551,665 | $545,916 | $1,474,824 |
| 2021 | $34,710,143 | $1,608,517 | $4,320,932 | $2,103,500 | 14 | $2,128,965 | $1,531,017 | $1,692,694 |
| 2020 | $34,562,669 | $25,994,920 | $1,437,827 | $1,316,000 | 8 | — | $915,812 | $590,970 |
Under IRS private-foundation payout rules, BD Foundation Inc reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
BD Foundation Inc is led by Tom Polen, Trustee & President since 2022 (on filings since 2020); none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Tom Polen
Trustee & President
Trustee → Trustee & President, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Antoinette Segreto
Trustee & Treasurer
On filings since 2022
0.5 hrs/week
No compensation reported
Christopher DelOrefice
Trustee
On filings since 2022
0.1 hrs/week
No compensation reported
Elizabeth Woody
Trustee
On filings since 2022
0.1 hrs/week
No compensation reported
Roland Goette
Trustee
On filings since 2022
0.1 hrs/week
No compensation reported
Shana Neal
Trustee, Vice President & Secretary
On filings since 2022
0.5 hrs/week
No compensation reported
Ami Simunovich
Trustee
On filings since 2023
0.1 hrs/week
No compensation reported
Michelle Quinn
Trustee
On filings since 2023
0.1 hrs/week
No compensation reported
Scott Mantone
Trustee
On filings since 2023
0.1 hrs/week
No compensation reported
William Sigmund
Trustee
On filings since 2023
0.1 hrs/week
No compensation reported
Sien Avalos
Secretary
On filings since 2023
0.1 hrs/week
No compensation reported
Former officers (10)
- Former: Sam Khichi (2020–2023) — Trustee
- Former: Betty Larson (2020–2022) — Trustee & President
- Former: Jennifer Farrington (2020–2022) — Trustee, Vice President & Secretary
- Former: Rochelle Fuhrmann (2020–2022) — Trustee & Treasurer
- Former: Chris Reidy (2020–2021) — Trustee
- Former: Gary Cohen (2020–2021) — Trustee
- Former: Sara Gill (2020–2021) — Trustee
- Former: Vince Forlenza (2020–2021) — Trustee
- Former: Richard Naples (2020) — Trustee
- Former: Stephen Sichak (2020) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about BD Foundation Inc
How much does BD Foundation Inc give each year?
BD Foundation Inc gave $1.4M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 4 grants.
What is BD Foundation Inc's typical grant size?
BD Foundation Inc's median grant in 2024 was $152,500, and its average grant was $229,500, across 6 grants on its 2024 IRS Form 990-PF.
Where does BD Foundation Inc give grants?
BD Foundation Inc's top state is California, with 44% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Massachusetts (18%) and Texas (9%).
Does BD Foundation Inc give general operating support?
Yes: 33% of BD Foundation Inc's 2024 grants with a stated purpose (2 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are BD Foundation Inc's largest grantees?
BD Foundation Inc's largest 2024 grantees include Direct Relief ($600,000), pinkdrive USA ($252,000) and International Council for Nurses ($180,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is BD Foundation Inc?
BD Foundation Inc reported $32.3M in total assets on its 2024 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is BD Foundation Inc's EIN?
BD Foundation Inc's EIN (Employer Identification Number) is 81-3501315. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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