Better Our World Family Foundation Inc
Better Our World Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTIC CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.6M in total assets. In 2024, it awarded 4 grants totaling $1.8M. Net investment income was $1.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.6M
-2.9% YoY
Annual Giving
$1.8M
+215.2% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$441K
+57.6% YoY
Under IRS private-foundation payout rules, Better Our World Family Foundation Inc reported a distributable amount of $328K for 2024 — the minimum it must pay out in qualifying distributions.
About Better Our World Family Foundation Inc
Based on IRS filings
Better Our World Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTIC CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.6M in total assets. In 2024, it awarded 4 grants totaling $1.8M. Net investment income was $1.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,615,116 | $6,815,868 | $6,760,300 |
| Revenue | $2,401,980 | $642,686 | $-206,918 |
| Expenses | $1,781,248 | $583,858 | $371,708 |
| Qualifying Distributions | $1,765,000 | $560,000 | $345,600 |
| Net Investment Income | $1,120,387 | $642,686 | $125,642 |
| Distributable Amount | $328,452 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lehigh University ($1,250,000), American Cancer Society ($450,000), Animal Alliance ($55,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LEHIGH UNIVERSITY BETHLEHEM, PA | CHARITABLE | $1,250,000 |
| AMERICAN CANCER SOCIETY ATLANTA, GA | CHARITABLE | $450,000 |
| ANIMAL ALLIANCE LAMBERTVILLE, NJ | CHARITABLE | $55,000 |
| TABBY'S PLACE RINGOES, NJ | CHARITABLE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY J WILMOTT | TRUSTEE | — | — |
| ANASTASIA T BARNA MD | TRUSTEE | — | — |
| ROBERT E SALAD ESQ | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Better Our World Family Foundation Inc?
Better Our World Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTIC CITY, NJ. It holds $6.6M in total assets as of 2024.
How large is Better Our World Family Foundation Inc?
As of 2024, Better Our World Family Foundation Inc holds $6.6M in total assets with $2.4M in annual revenue. It awarded 4 grants totaling $1.8M in 2024.
Where does Better Our World Family Foundation Inc operate?
Better Our World Family Foundation Inc has awarded grants in Georgia, New Jersey, Pennsylvania.
What size grants does Better Our World Family Foundation Inc award?
In 2024, Better Our World Family Foundation Inc awarded 4 grants totaling $1.8M — an average of about $441K per grant, based on its IRS Form 990 filings.
How much is Better Our World Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Better Our World Family Foundation Inc reported a distributable amount of $328K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Better Our World Family Foundation Inc's EIN?
Better Our World Family Foundation Inc's EIN (Employer Identification Number) is 85-3724134. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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