Bean Foundation Inc

MADRAS, OR EIN: 93-0788470 Website

Bean Foundation Inc is a private foundation located in Madras, Oregon. Designated as a 501(c)(3) organization, it has been tax-exempt since October 1981. The foundation operates as a community-focused grantmaking organization serving the Madras and Jefferson County area.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.8M

-5.2% YoY

Annual Giving

$258K

-50.6% YoY

Grant Count

-7.1% YoY

Avg Grant Size

$20K

-46.8% YoY

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

Mission & Focus Areas

The Bean Foundation is classified as a private foundation (NTEE code T20) and focuses on community development and local philanthropy. According to community leadership, the foundation has been "quietly building our community for decades, improving the quality of life of those they touch."

Grantmaking

The foundation actively distributes grants to local nonprofits and community organizations. Recent grantmaking activity includes support for youth programs, community infrastructure, and local services. The foundation has demonstrated consistent grant distribution to address community needs in the Madras area.

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Geographic Focus

Where this funder awards grants

The Bean Foundation primarily serves Madras and Jefferson County, Oregon, with a focus on local community organizations and initiatives within this region.

Grant Distribution by State

Oregon $1.2M (98%)

Washington $25K (2%)

States

Oregon Washington

Cities

BendClackamasMadrasRedmondSeattleWarm Springs

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total Assets: $2.96 million
Revenue: $101,004
Expenses: $673,719
Total Liabilities: $100

The foundation maintains substantial assets relative to its annual revenue, indicating a well-capitalized grantmaking organization.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,805,095	$2,960,030	$2,844,466
Revenue	$56,524	$101,004	$198,349
Expenses	$439,889	$673,719	$281,002
Qualifying Distributions	$364,281	$604,702	$200,201
Net Investment Income	—	$31,837	$116,998
Distributable Amount	$196,051	$198,239	$199,528

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

64 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

The Bean Foundation welcomed a new Executive Director in October 2022 and announced a new Director in November 2024, indicating active organizational management and leadership transitions.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RONICA COMINGORE	SECRETARY	1	—
JASON HERTEL	VICE PRESIDENT	1	—
TOM NORTON	TREASURER	1	—
SCOTT DELAMARTER	PRESIDENT	1	—
ALI ALIRE	DIRECTOR	1	—

Recent News & Activity

Recent developments and announcements

The Bean Foundation has been featured in local media for its community impact and grantmaking activities. Recent initiatives have included support for community infrastructure projects, youth programs, and local nonprofit capacity building. The foundation's leadership has been recognized for its long-term commitment to improving quality of life in the Madras and Jefferson County communities.

Bean Foundation announces $178K in grants to local non-profits - Manchester