Bug and Bean Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.3M in total assets. In 2024, it awarded 19 grants totaling $3.6M. Net investment income was $415K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.3M
+204.0% YoY
Annual Giving
$3.6M
+224.8% YoY
Grant Count
19
+137.5% YoY
Avg Grant Size
$188K
+36.7% YoY
Under IRS private-foundation payout rules, Bug and Bean Fund reported a distributable amount of $569K for 2024 — the minimum it must pay out in qualifying distributions.
About Bug and Bean Fund
Based on IRS filings
Bug and Bean Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.3M in total assets. In 2024, it awarded 19 grants totaling $3.6M. Net investment income was $415K.
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 | $10,276,764 | $3,380,688 | $4,327,403 |
| Revenue | $10,439,386 | $175,046 | $4,012,061 |
| Expenses | $3,595,419 | $1,121,761 | $45,994 |
| Qualifying Distributions | $3,566,560 | $1,098,000 | $25,000 |
| Net Investment Income | $414,795 | $151,285 | $24,572 |
| Distributable Amount | $569,138 | $176,948 | $203,026 |
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
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Columbia University - Noriel Gift Fund ($1,500,000), Community Guilds Inc dba STEAM Truck ($500,000), Carnegie Mellon University ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Boys and Girls Club of BrevardTransylvania County Inc Brevard, NC | "Bulding a Place to Belong" Campaign | $125,000 |
| Camp Ramah Galim Foster City, CA | Unrestricted | $1,000 |
| Carnegie Mellon University Pittsburg, PA | Athletics Diversity, Equity, and Inclusion Fund | $250,000 |
| Carnegie Mellon University - Richard M Lackner Football Excellence Fund Pittsburg, PA | Richard M. Lackner Football Excellence Fund | $150,000 |
| Columbia University - Noriel Gift Fund New York, NY | Noriel Gfit Fund | $1,500,000 |
| Community Foundation - Hurricane Relief Efforts Asheville, NC | Hurricane Relief Efforts | $50,000 |
| Community Guilds Inc dba STEAM Truck Atlanta, GA | Unrestricted | $500,000 |
| Generic Theatre FBO Indecent Norfolk, VA | Underwriting and Production of Indecent | $5,000 |
| HelpusAdopt New York, NY | Unrestricted | $10,000 |
| Highlands Biological Foundation Highlands, NC | Unrestricted | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Frank T Waterson | President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bug and Bean Fund?
Bug and Bean Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. It holds $10.3M in total assets as of 2024.
How large is Bug and Bean Fund?
As of 2024, Bug and Bean Fund holds $10.3M in total assets with $10.4M in annual revenue. It awarded 19 grants totaling $3.6M in 2024.
Where does Bug and Bean Fund operate?
Bug and Bean Fund has awarded grants in California, Georgia, North Carolina, New York, Oregon, Pennsylvania, Virginia.
What size grants does Bug and Bean Fund award?
In 2024, Bug and Bean Fund awarded 19 grants totaling $3.6M — an average of about $188K per grant, based on its IRS Form 990 filings.
How much is Bug and Bean Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bug and Bean Fund reported a distributable amount of $569K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bug and Bean Fund's EIN?
Bug and Bean Fund's EIN (Employer Identification Number) is 84-3119862. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bug and Bean Fund'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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