Bgm Foundation is a private foundation focused on Arts and culture, based in VESTAL, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 20 grants totaling $431K. Net investment income was $142K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.7M
+35.3% YoY
Annual Giving
$431K
+29.2% YoY
Grant Count
20
+53.8% YoY
Avg Grant Size
$22K
-16.0% YoY
Under IRS private-foundation payout rules, Bgm Foundation reported a distributable amount of $109K for 2025 — the minimum it must pay out in qualifying distributions.
About Bgm Foundation
Based on IRS filings
Bgm Foundation is a private foundation focused on Arts and culture, based in VESTAL, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 20 grants totaling $431K. Net investment income was $142K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,714,834 | $2,007,089 | $1,280,522 |
| Revenue | $1,150,745 | $1,071,719 | $295,833 |
| Expenses | $443,003 | $345,152 | $306,955 |
| Qualifying Distributions | $432,818 | $336,525 | $296,965 |
| Net Investment Income | $141,840 | $64,163 | $38,240 |
| Distributable Amount | $109,050 | $58,493 | $59,124 |
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 2025
Grant Size Distribution
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Binghamton University Foundation ($250,000), Roberson Museum and Science Center ($100,000), Uhs Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AVRE BINGHAMTON, NY | Support | $1,000 |
| BROOME COUNTY ARTS COUNCIL BINGHAMTON, NY | SUPPORT | $4,000 |
| UHS FOUNDATION BINGHAMTON, NY | SUPPORT | $50,000 |
| BROOME COUNTY COUNCIL OF CHURCHES BINGHAMTON, NY | SUPPORT | $600 |
| LOURES HOSPITAL AUXILIARY BINGHAMTON, NY | SUPPORT | $15,000 |
| CHILDREN'S HOME BINGHAMTON, NY | SUPPORT | $1,500 |
| BINGHAMTON RESCUE MISSION BINGHAMTON, NY | SUPPORT | $500 |
| Vestal Police Benevolent Associatio Vestal, NY | Support | $650 |
| Girl Scouts of NYPENN Pathways Cicero, NY | Support | $800 |
| BINGHAMTON UNIVERSITY FOUNDATION BINGHAMTON, NY | SUPPORT | $250,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Philip Akel | Trustee | — | — |
| Ferris Akel III | Trustee | — | — |
| RONALD AKEL | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bgm Foundation?
Bgm Foundation is a private foundation focused on Arts and culture, based in VESTAL, NY. It holds $2.7M in total assets as of 2025.
How large is Bgm Foundation?
As of 2025, Bgm Foundation holds $2.7M in total assets with $1.2M in annual revenue. It awarded 20 grants totaling $431K in 2025.
Where does Bgm Foundation operate?
Bgm Foundation has awarded grants in District of Columbia, Iowa, New York, Pennsylvania.
What size grants does Bgm Foundation award?
In 2025, Bgm Foundation awarded 20 grants totaling $431K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Bgm Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Bgm Foundation reported a distributable amount of $109K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2025.
Explore Open Grants
Browse active grant opportunities in Bgm Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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