BGM Foundation
BGM Foundation is a private foundation based in Vestal, New York. Its 2026 filing reports 24 grants totaling $342,050, including support for universities, health-related organizations, arts and community groups, and other charitable organizations.
BGM Foundation at a glance
In short: BGM Foundation gave $342K across 24 grants in 2026 (avg $14K), mostly in New York. 46% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $342,050
- -20.6% vs 2025
- Grants made (2026)
- 24
- +20.0% vs 2025
- Average grant
- $14,252
- -33.9% vs 2025
- Median grant
- $600
- Total assets
- $2,518,167
- -7.2% vs 2025
- New grantees (estimate)
- 46% first-time grantees (11 of 24, 2026; small sample)
- Primary geography
- New York (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to BGM Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: PO Box 895, Vestal, NY 13851
Phone: (607) 763-8770
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who BGM Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was Binghamton University Foundation ($250K). Together the top 10 received $338K.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was under $50K: 71 grants of 79 (90%).
Geographic Focus
Where this funder awards grants
The 2026 filing reports that 100% of grant dollars went to New York recipients and less than 1% to recipients in Iowa, Utah, Tennessee, and Pennsylvania. However, its itemized grants include a $600 award to the American Heart Association in Des Moines, Iowa, and grantee information lists a $250 award to The Cholangiocarcinoma Foundation in Salt Lake City, Utah.
Grant Distribution by State
Share of 2026 grant dollars across all 24 itemized grants.
Cities
Is BGM Foundation open to new grantees?
46%
first-time grantees, 2026
In 2026, 11 of 24 grantees (46%) were first-time recipients. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $1K; repeat grants $25K. How we count
Medians: $200 first-time, $2K repeat.
- 46% of 2026 grantees were also funded in 2025. Method
- Giving held roughly steady from 2023 to 2026 (+15%). Method
- In 2026 it paid out 257% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2026). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $39K (2022) to $431K (2025). In 2026 it made 24 grants totaling $342K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Binghamton University Foundation Binghamton, NY | Support | $250,000 |
| UHS Foundation Binghamton, NY | Support | $55,300 |
| Spiedie Fest Balloon Rally Expo Binghamton, NY | Support | $10,000 |
| Lourdes Hospital Foundation Binghamton, NY | Support | $5,000 |
| Loures Hospital Auxiliary Binghamton, NY | Support | $5,000 |
| Sock Out Cancer Binghamton, NY | Support | $5,000 |
| Broome County Arts Council Binghamton, NY | Support | $4,000 |
| Children's Home Binghamton, NY | Support | $1,500 |
| Avre Binghamton, NY | Support | $1,250 |
| Girl Scouts of NYPENN Pathways Cicero, NY | Support | $1,000 |
Ready to take the next step with BGM Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,518,167 | $159,646 | $356,310 | $342,050 | 24 | $343,675 | $150,065 | $133,903 |
| 2025 | $2,714,834 | $1,150,745 | $443,003 | $431,050 | 20 | $432,818 | $141,840 | $109,050 |
| 2024 | $2,007,089 | $1,071,719 | $345,152 | $333,650 | 13 | $336,525 | $64,163 | $58,493 |
| 2023 | $1,280,522 | $295,833 | $306,955 | $296,250 | 14 | $296,965 | $38,240 | $59,124 |
| 2022 | $1,291,644 | $180,266 | $47,056 | $38,820 | 8 | $47,056 | $171,935 | $70,359 |
| 2021 | $1,158,434 | $152,606 | $134,579 | $128,700 | 12 | — | $19,671 | $59,455 |
| 2020 | $1,151,191 | $89,287 | $56,248 | $47,400 | 21 | — | $18,179 | $59,215 |
Under IRS private-foundation payout rules, BGM Foundation reported a distributable amount of $134K for 2026 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2026 grants show support for a range of charitable organizations. For example, Spiedie Fest Balloon Rally Expo describes its mission as improving quality of life in Broome County through an annual festival and donations to local nonprofits. Broome County Arts Council says it works to promote a thriving arts community in the county, while Lourdes Hospital Foundation says it solicits contributions to fund Our Lady of Lourdes Memorial Hospital.
Other 2026 grantees describe missions that include supporting local congregations and the community (Broome County Council of Churches), preventing animal cruelty and finding homes for companion animals (Broome County Humane Society), and providing a home for people with terminal illnesses (Mercy House of the Southern Tier).
Grantmaking
In filing year 2026, BGM Foundation reported 24 grants totaling $342,050. Grant amounts ranged from $150 to $250,000, with a median grant of $600.
The largest listed awards were $250,000 to Binghamton University Foundation and $55,300 to UHS Foundation, both in Binghamton, New York. Other notable grants included $10,000 to Spiedie Fest Balloon Rally Expo, $5,000 each to Lourdes Hospital Foundation, Loures Hospital Auxiliary, and Sock Out Cancer, and $4,000 to Broome County Arts Council.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists Philip Akel, Ferris Akel III, and Ronald Akel as trustees.
BGM Foundation's 2026 filing lists 3 officers; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
Ferris Akel III
Trustee
On filings since 2020
No compensation reported
Philip Akel
Trustee
On filings since 2020
No compensation reported
Ronald Akel
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2026. "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 BGM Foundation
How much does BGM Foundation give each year?
BGM Foundation gave $342K across 24 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $431K across 20 grants.
What is BGM Foundation's typical grant size?
BGM Foundation's median grant in 2026 was $600, and its average grant was $14,252, across 24 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from BGM Foundation that year got $1K on average.
Where does BGM Foundation give grants?
BGM Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Binghamton, NY (12 grants), Vestal, NY (2 grants) and Endicott, NY (2 grants).
Does BGM Foundation give general operating support?
Not in 2026: none of the 24 grants with a stated purpose on BGM Foundation's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (24 grants).
Who are BGM Foundation's largest grantees?
BGM Foundation's largest 2026 grantees include Binghamton University Foundation ($250,000), UHS Foundation ($55,300) and Spiedie Fest Balloon Rally Expo ($10,000), according to its 2026 IRS Form 990-PF. Together they received 92% of its itemized 2026 grant dollars.
How large is BGM Foundation?
BGM Foundation reported $2.5M in total assets on its 2026 IRS Form 990-PF. It paid out $344K in qualifying distributions that year, against a required minimum of $134K (roughly 5% of its investment assets).
What does BGM Foundation fund?
No mission statement for the foundation is provided. Its 2026 grants show support for a range of charitable organizations. For example, Spiedie Fest Balloon Rally Expo describes its mission as improving quality of life in Broome County through an annual festival and donations to local nonprofits. See mission & focus areas ↑
How do I apply for a grant from BGM Foundation?
The foundation states that it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is BGM Foundation's EIN?
BGM Foundation's EIN (Employer Identification Number) is 16-1255123. IRS Form 990 filing data is available on this page for 2020–2026.
Does BGM Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS June 19, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in BGM Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). BGM Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/bgm-foundation-morg_0f386f08d5e842709a0ee7c23d78b8cf
BibTeX
@misc{grantable_161255123_2026,
author = {{Grantable}},
title = {{BGM Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/bgm-foundation-morg_0f386f08d5e842709a0ee7c23d78b8cf},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from BGM Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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