Belldegrun Family Foundation Inc
Belldegrun Family Foundation Inc is a private independent foundation based in Los Angeles, California. Designated as a 501(c)(3) organization, the foundation operates as a grantmaking entity focused on philanthropy and charitable giving. The foundation received its IRS tax-exempt status in August 2016.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$45.0M
+18.7% YoY
Annual Giving
$2.0M
+19.7% YoY
Grant Count
14
-6.7% YoY
Avg Grant Size
$141K
+28.3% YoY
Under IRS private-foundation payout rules, Belldegrun Family Foundation Inc reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community Health
- Health and Medical initiatives
- Health and Wellness
Grantmaking
The foundation made 13 grants in 2023 totaling $1,976,000. Historical grantmaking activity peaked in 2022 with $3.5 million distributed across 40 grants. Since its establishment, the foundation has made 67 grants totaling $6.3 million to 29 unique organizations.
Average Grant
amount: $94,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in California, New York, and Pennsylvania, which account for 64% of all grants. Grantmaking reaches organizations across 9 states, with a primary focus on California and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $37,875,512
- Total Revenue: $6,361,887
- Total Expenses: $2,176,677
- Total Liabilities: $0
As of Most Recent Filing (2024):
- Total Assets: $44,957,860
- Total Giving: $1,976,000
- Annual Income: $19.2 million
Revenue Breakdown (2023):
- Total grants and contributions: $3,989,633
- Investment income and dividends: $567,435
- Net gain from sale of non-inventory assets: $1,804,803
Asset Growth: Total assets have grown from $3.7 million in 2015 to $45 million in 2024.
Annual Giving Trends:
- 2020: $1.2 million
- 2023: $1.7 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $44,957,860 | $37,875,512 | $31,853,298 |
| Revenue | $6,355,923 | $6,361,887 | $445,540 |
| Expenses | $2,489,394 | $2,176,677 | $2,401,548 |
| Qualifying Distributions | $2,012,249 | $1,690,211 | $1,850,183 |
| Net Investment Income | $5,568,050 | $1,496,462 | — |
| Distributable Amount | $2,077,953 | $1,677,890 | $1,729,095 |
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
78 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include America Israel Democracy Coalition ($500,000), Los Angeles County Museum of Art ($315,000), California Institute of Technology ($311,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRENTWOOD SCHOOL LOS ANGELES, CA | GENERAL OPERATING SUPPORT | $50,000 |
| Technoserve Inc arlington, VA | GENERAL OPERATING SUPPORT | $50,000 |
| LOS ANGELES COUNTY MUSEUM OF ART LOS ANGELES, CA | GENERAL OPERATING SUPPORT | $315,000 |
| CALIFORNIA INSTITUTE OF TECHNOLOGY PASADENA, CA | GENERAL OPERATING SUPPORT | $311,000 |
| Mass General Brigham Incorporated somerville, MA | GENERAL OPERATING SUPPORT | $25,000 |
| UCLA FOUNDATION LOS ANGELES, CA | GENERAL OPERATING SUPPORT | $125,000 |
| AMERICAN FRIENDS OF ISRAEL altadena, CA | GENERAL OPERATING SUPPORT | $30,000 |
| TRUSTEE OF THE UNIVERSITY OF PENNSYLVANIA PHILADELPHIA, PA | GENERAL OPERATING SUPPORT | $220,000 |
| American Friends of the Hebrew University Inc New York, NY | GENERAL OPERATING SUPPORT | $25,000 |
| Kipp Socal Public Schools LOS ANGELES, CA | GENERAL OPERATING SUPPORT | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Narine Hovsepyan
Founder/President: Rebecka Belldegrun, a Finnish-born Israeli-American physician, entrepreneur, investor, and philanthropist. Belldegrun earned her MD from the Sackler School of Medicine at Tel Aviv University, completed a residency in ophthalmic surgery in Israel, and pursued a postdoctoral fellowship in corneal surgery at Harvard Medical School. She founded Intertech Corporation Inc. in 1986 and established Bellco Capital LLC in 2003, specializing in life sciences investments.
The foundation is governed by 4 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr Rebecka Belldegrun | Director and President | 2 | — |
| Dr Arie Belldegrun | Director and Vice-President | 2 | — |
| JOSH BRADLEY | CFO and Secretary | 2 | — |
| AVIS BOHLEN | Secretary | — | — |
Recent News & Activity
Recent developments and announcements
In 2024, Rebecka Belldegrun and her husband made a $2 million pledge to the California Institute of Technology to enhance career services.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Belldegrun Family Foundation Inc fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Community Health • Health and Medical initiatives • Health and Wellness
How do I apply for a grant from Belldegrun Family Foundation Inc?
**Grant Characteristics:** • Typical award range: $1,500 to $750,000 • Average grant amount: $94,000 • Median grant amount: $30,000 • Individual grants have ranged from $2,000 to $750,000 **Recent Grantmaking Activity:** The foundation made 13 grants in 2023 totaling $1,976,000. Historical grantmaking activity peaked in 2022 with $3.5 million distributed across 40 grants. Since its establishment, the foundation has made 67 grants totaling $6.3 million to 29 unique organizations. **Recent Grant …
Where does Belldegrun Family Foundation Inc make grants?
The foundation primarily supports organizations in California, New York, and Pennsylvania, which account for 64% of all grants. Grantmaking reaches organizations across 9 states, with a primary focus on California and New York.
What size grants does Belldegrun Family Foundation Inc award?
In 2024, Belldegrun Family Foundation Inc awarded 14 grants totaling $2.0M — an average of about $141K per grant, based on its IRS Form 990 filings.
How much is Belldegrun Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Belldegrun Family Foundation Inc reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Belldegrun Family Foundation Inc's EIN?
Belldegrun Family Foundation Inc's EIN (Employer Identification Number) is 47-5149323. 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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