Bessie I Whitney

DALLAS, TX EIN: 01-6029353

Bessie I Whitney is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $471K in total assets. In 2024, it awarded 3 grants totaling $23K. Net investment income was $44K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$471K

+3.8% YoY

Annual Giving

$23K

+37.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$8K

+37.1% YoY

Under IRS private-foundation payout rules, Bessie I Whitney reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.

About Bessie I Whitney

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $112K (100%)

States

Maine

Cities

Bangor

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$471,012	$453,846	$463,809
Revenue	$50,706	$16,138	$-12,758
Expenses	$33,064	$25,931	$39,263
Qualifying Distributions	$26,707	$20,221	$29,631
Net Investment Income	$44,038	$7,506	$3,748
Distributable Amount	$26,957	$24,577	$25,295

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hammond St Cong Church ($9,235), United Way of Eastern Maine ($6,927), Eastern Maine Medical Center ($6,927).

Recipient	Purpose	Amount
UNITED WAY OF EASTERN MAINE BANGOR, ME	UNRESTRICTED GENERAL	$6,927
EASTERN MAINE MEDICAL CENTER BANGOR, ME	UNRESTRICTED GENERAL	$6,927
HAMMOND ST CONG CHURCH BANGOR, ME	UNRESTRICTED GENERAL	$9,235

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$7,795

Frequently Asked Questions

How large is Bessie I Whitney?

As of 2024, Bessie I Whitney holds $471K in total assets with $51K in annual revenue. It awarded 3 grants totaling $23K in 2024.

Where does Bessie I Whitney operate?

Bessie I Whitney has awarded grants in Maine.

What size grants does Bessie I Whitney award?

In 2024, Bessie I Whitney awarded 3 grants totaling $23K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Bessie I Whitney required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bessie I Whitney reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.