The Bersted Foundation
The Bersted Foundation is a private foundation established in 1972, located in Dallas, Texas. It operates as an independent foundation with a focus on making grants to qualified charitable organizations rather than conducting direct charitable activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.1M
-1.9% YoY
Grant Count
70
+7.7% YoY
Avg Grant Size
$16K
-8.9% YoY
Mission & Focus Areas
The foundation was established to support and promote quality educational, human services, and health care programming for underserved populations. Primary funding interests include:
- Education
- Human Services
- Health Care
- Philanthropy and Grantmaking
- Nonprofit Human Services
- Reproductive Health
Grantmaking
The foundation provides unrestricted general support to grantees.
Grant Range
$5,000–$45,000
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Geographic Focus
Where this funder awards grants
The foundation specifically serves the people of DeKalb, DuPage, Kane, and McHenry counties in Illinois, with additional funding activity in Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $27,568,271
- Total Revenues: $3,726,899
- Total Expenses: $1,448,641
- Staff: 1 employee
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Open Grants
1 open opportunity from The Bersted Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Bank of America serves as Managing Director/Trustee for the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | Trustee | 1 | $192,624 |
Contact Information
- Address: PO Box 653067, Dallas, TX 75265-3067
- Telephone: 888-866-3275
- Website: www.bankofamerica.com/grantmaking
- EIN: 36-6493609
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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