BP Foundation Inc
BP Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Naples, FL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $26K. Net investment income was $1K.
Key facts about BP Foundation Inc
- EIN
- 83-3865006
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $25,844
- Grants made (2024)
- 1
- Average grant
- $25,844
- Median grant
- $25,844
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How BP Foundation Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with BP Foundation Inc
- How to evaluate BP Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$26K
Grant Count
1
Avg Grant Size
$26K
Under IRS private-foundation payout rules, BP Foundation Inc reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About BP Foundation Inc
Based on IRS filings
BP Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Naples, FL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $26K. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $30,044 | $31,157 |
| Revenue | $1,452 | $1,392 | $384 |
| Expenses | $31,496 | $2,505 | $1,719 |
| Qualifying Distributions | $31,457 | $2,500 | $1,718 |
| Net Investment Income | $1,452 | $1,392 | $384 |
| Distributable Amount | $1,292 | $1,433 | $1,534 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Schwab Charitable Fund ($25,844).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHWAB CHARITABLE FUND Lone Tree, CO | JAY AND PAT BAKER CHARITABLE FUND | $25,844 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Pat G Baker | President/Treasurer/Director | — | — |
| Jay H Baker | Vice President/Director | — | — |
| Peter M Sommerhauser | Secretary/Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is BP Foundation Inc?
BP Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Naples, FL. It holds — in total assets as of 2024.
Where does BP Foundation Inc operate?
BP Foundation Inc has awarded grants in Colorado, Tennessee.
What size grants does BP Foundation Inc award?
In 2024, BP Foundation Inc awarded 1 grant totaling $26K — an average of about $26K per grant, based on its IRS Form 990 filings.
How much is BP Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, BP Foundation Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is BP Foundation Inc's EIN?
BP Foundation Inc's EIN (Employer Identification Number) is 83-3865006. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.