Bt Charitable Foundation
BT Charitable Foundation is a private foundation based in Short Hills, New Jersey. Established in 2021, it operates as a 501(c)(3) non-operating foundation that makes grants to preselected charitable organizations across the United States.
Key facts about Bt Charitable Foundation
- EIN
- 85-4281104
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,715,000
- Grants made (2024)
- 27
- Average grant
- $63,519
- Median grant
- $50,000
- Total assets
- $11,027,663
- Primary geography
- Massachusetts (54% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Bt Charitable Foundation funds
By grant dollars, the top recipient states for Bt Charitable Foundation's 27 itemized 2024 grants were Massachusetts (54%), New York (26%) and California (9%). The most frequent recipient cities were Cambridge, MA (7 grants), New York, NY (5 grants), Asheville, NC (3 grants) and Hendersonville, NC (2 grants). None of its 27 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Support Relief Efforts Related to Hurricane Helene." (11 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.0M
+17.0% YoY
Annual Giving
$1.7M
+51.1% YoY
Grant Count
27
+200.0% YoY
Avg Grant Size
$64K
-49.6% YoY
Under IRS private-foundation payout rules, Bt Charitable Foundation reported a distributable amount of $531K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Operational support for nonprofit organizations
- Disaster relief and emergency response
- STEM programming and science education
- Youth education initiatives
Grantmaking
The foundation awards grants for operational support, disaster relief efforts, STEM programming, science research mentoring, and materials exploration work.
Grant Range
$5,000 to $300,000
Average Grant
amount: $98,000
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Massachusetts
- New York
- New Jersey
- California
- North Carolina
These states account for approximately 94% of all grants awarded.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $11,027,663
- Total revenue: $3,406,069
- Total expenses: $1,800,727
- Annual giving rate: 16.8%
Financial Trends:
- Total assets grew from $3 million in 2020 to $9.4 million in 2023
- Investment income and dividends: $284,119 (2023)
- Annual giving decreased from $1.9 million in 2022 to $1.1 million in 2023
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,027,663 | $9,422,321 | $10,402,207 |
| Revenue | $3,406,069 | $285,030 | $4,281,371 |
| Expenses | $1,800,727 | $1,264,916 | $1,088,931 |
| Qualifying Distributions | $1,718,544 | $1,147,239 | $950,175 |
| Net Investment Income | $283,886 | $235,108 | $1,622,629 |
| Distributable Amount | $530,900 | $505,517 | $402,035 |
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 2024
Grant Size Distribution
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include American Friends of the Weizmann Institute - Dr Hanna's Lab ($150,000), California Institute of Technology - Dr Kimberly See Laboratory ($150,000), Massachusetts Institute of Technology - Collins Lab ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF THE WEIZMANN INSTITUTE - DR HANNA'S LAB NEW YORK, NY | TO SUPPORT AND EXPAND THE HANNA LAB AT THE WEIZMANN INSTITUTE OF SCIENCE. | $150,000 |
| CALIFORNIA INSTITUTE OF TECHNOLOGY - DR KIMBERLY SEE LABORATORY PASADENA, CA | TO SUPPORT SEE LABORATORY'S NEXT GEN BATTERY RESEARCH. | $150,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY - COLLINS LAB CAMBRIDGE, MA | TO SUPPORT PROFESSOR JAMES COLLINS RESEARCH PROJECT HARNESSING ARTIFICIAL INTELLIGENCE FOR ANTIBIOTIC DESIGN. | $150,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY - DENNIS WHYTE JEFFREY FREIDBERG CAMBRIDGE, MA | TO SUPPORT PROFESSOR DENNIS WHYTE AND JEFFREY FREIDBERG'S RESEARCH PROJECT REVISITING MHD ENERGY CONVERSION A TECHNOLOGY TO GREATLY IMPROVE THE EFFICIENCY OF CO2 FREE ELECTRICITY SOURCES. | $150,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY - FURST LAB CAMBRIDGE, MA | TO SUPPORT THE FURST LAB'S RESEARCH PROJECT ENGINEERING MULTI-ORGANISM COMMUNITIES FOR SUSTAINABILITY. | $150,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY - KIESSLING GROUP CAMBRIDGE, MA | TO SUPPORT KIESSLING GROUP'S RESEARCH ELUCIDATING THE FUNCTIONAL ROLES OF CELL-SURFACE CARBOHYDRATES IN DISEASE. | $150,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY - ZHANG LAB CAMBRIDGE, MA | TO SUPPORT FENG ZHANG'S RESEARCH PROJECT STRUCTURAL PROTEIN MINING TO DISCOVER MOLECULAR "GEMS". | $150,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY - TSAI LAB CAMBRIDGE, MA | TO SUPPORT PROFESSOR LI-HUEI TSAI AND PROFESSOR ROBERT LANGER'S RESEARCH PROJECT DEVELOPING NEXT-GENERATION PERFUSABLE HUMAN BRAIN-ON-CHIP MODELS FOR DISEASE THERAPY DISCOVERY. | $125,000 |
| NYC FIRST NEW YORK, NY | THIS GIFT IS DESIGNATED TO SUPPORT EXPANDING ACCESS AND OPPORTUNITY, WITH $50,000 DEDICATED TO SUPPORTING TEAMS DIRECTLY. | $125,000 |
| BROOKLYN PUBLIC LIBRARY PHILADELPHIA, PA | TO SUPPORT THE EXPANSION OF THE BROOKLYN ROBOTICS LEAGUE. | $55,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Brian Tepper – President & Director (1 hour/week)
- Randi Tepper – Vice President (1 hour/week)
- Larry Rogers – Secretary & Treasurer (1 hour/week)
All three serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN TEPPER | PRESIDENT & DIRECTOR | 1 | — |
| RANDI TEPPER | VICE PRESIDENT | 1 | — |
| LARRY ROGERS | SECRETARY & TREASURER | 1 | — |
Contact Information
Address: CO Appaloosa LP, 51 JFK Parkway, 250B, Short Hills, NJ 07078
Phone: (973) 597-2446
EIN: 85-4281104
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Bt Charitable Foundation fund?
The foundation's primary funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Operational support for nonprofit organizations • Disaster relief and emergency response • STEM programming and science education • Youth education initiatives
How do I apply for a grant from Bt Charitable Foundation?
**Grant Activity:** • Total grants awarded: 39 grants (as of most recent filing) • Total giving: $1,718,544 • Grant range: $5,000 to $300,000 • Median grant amount: $114,625 • Average grant amount: $98,000 **Recent Grant Recipients (2023-2024):** • California Institute of Technology ($150,000 for operational support) • The Lower Eastside Girls Club ($40,000 for operational support) • NYC First ($35,000 for operational support) • Massachusetts Institute of Technology's Zhang Lab **Grant Types:**…
Where does Bt Charitable Foundation make grants?
The foundation primarily funds organizations in: • Massachusetts • New York • New Jersey • California • North Carolina These states account for approximately 94% of all grants awarded.
What size grants does Bt Charitable Foundation award?
In 2024, Bt Charitable Foundation awarded 27 grants totaling $1.7M — an average of about $64K per grant, based on its IRS Form 990 filings.
How much is Bt Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bt Charitable Foundation reported a distributable amount of $531K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bt Charitable Foundation's EIN?
Bt Charitable Foundation's EIN (Employer Identification Number) is 85-4281104. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.