The Bean Foundation

Private foundation · Grantmaker Ramrod Key, FL EIN: 84-3674397

The Bean Foundation is a private foundation, based in Ramrod Key, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $34K.

Key facts about The Bean Foundation

In short: The Bean Foundation gave $10K across 1 grant in 2024 (avg $10K), mostly in Florida. Source: 2024 IRS Form 990-PF.

EIN
84-3674397
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$10,000
Grants made (2024)
1
Average grant
$10,000
Median grant
$10,000
Total assets
$1,808,305
Primary geography
Florida (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

+9.6% YoY

Annual Giving

$10K

Grant Count

1

Avg Grant Size

$10K

Under IRS private-foundation payout rules, The Bean Foundation reported a distributable amount of $84K for 2024 — the minimum it must pay out in qualifying distributions.

How The Bean Foundation gives

  • Giving fell 96% from 2021 to 2024. Method
  • In 2024 it paid out 12% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Summerland Key

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grant2021 0 grants2022 0 grants2023 1 grant2024

From 2021 to 2024, annual grant giving ranged from $10K (2024) to $250K (2021). In 2024 it made 1 grant totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

The Callahan Charitable Fund: $10KThe Callahan Charitable Fund$10K

The largest 2024 recipient was The Callahan Charitable Fund ($10K).

Grant Size Distribution

2 grants across all recorded years

1<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 2 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Callahan Charitable Fund Summerland Key, FLSupport Social Services$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2021 2022 2023 2024
Metric202420232022
Total Assets$1,808,305$1,649,591$1,545,330
Revenue$39,903$36,656$49,986
Expenses$32,583$7,904$7,800
Qualifying Distributions$10,000——
Net Investment Income$34,320$35,510$42,186
Distributable Amount$83,513$77,469$87,554

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

The Bean Foundation is led by Joseph Callahan, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Joseph Callahan

    President

    On filings since 2021

    4 hrs/week

    No compensation reported

  • Sean Carroll

    Treasurer

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Siobhan Callahan

    Secretary

    On filings since 2021

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "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 The Bean Foundation

How much does The Bean Foundation give each year?

The Bean Foundation gave $10K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.

How large is The Bean Foundation?

The Bean Foundation reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $84K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does The Bean Foundation operate?

The Bean Foundation has awarded grants in Florida.

What is The Bean Foundation's EIN?

The Bean Foundation's EIN (Employer Identification Number) is 84-3674397. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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