The Business for Good Foundation Inc
The Business for Good Foundation Inc is a public charity based in Saratoga Springs, New York. It makes charitable grants and provides financial support to charitable programs, including support for entrepreneurs and minority-owned businesses and grants to local charitable programs.
Key facts about The Business for Good Foundation Inc
In short: The Business for Good Foundation Inc gave $900K across 36 grants in 2024 (avg $25K), mostly in New York. Source: 2024 IRS Form 990.
- EIN
- 32-0712694
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $899,619
- Grants made (2024)
- 36
- Average grant
- $24,989
- Median grant
- $15,000
- Total assets
- $6,210,653
- Primary geography
- New York (88% of itemized 2024 grant dollars)
- How to apply
- Submit an application through the online application process. Full details ↓
Data from IRS Form 990, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$6.2M
+1511.2% YoY
Annual Giving
$900K
-26.5% YoY
Grant Count
36
+28.6% YoY
Avg Grant Size
$25K
-42.9% YoY
How The Business for Good Foundation Inc gives
- 31% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s mission is to “invest in people to build better businesses, stronger communities, and a more equitable world.” Its program description identifies charitable grantmaking and financial support for programs of varied types, including entrepreneurial support for minority-owned businesses and impact-giving grants to local charitable programs.
The foundation says small businesses, entrepreneurs, and not-for-profit business organizations may apply. Its 2024 grantees illustrate a range of work: Mission Accomplished Transition Services describes preparing young professionals and entrepreneurs for the workforce through coaching, mentoring, and sponsorship; Albany Can Code describes reducing barriers to participation in the Capital Region tech workforce; and Pitney Meadows Community Farm describes its work as agricultural education, healthy food, and recreation. Rebuilding Together Saratoga County describes helping qualifying homeowners rehabilitate their homes so they can live independently.
Grantmaking
In 2024, the foundation reported 36 grants totaling $899,619. Grant amounts ranged from $6,343 to $185,416, with a median grant of $15,000. The largest grants included $185,416 to Ebenezer Salon, $70,000 to Howard University, $68,000 to Goodway Gourmet LLC, $55,000 to Girls Inc. of the Greater Capital Region, and $40,000 to Mission Accomplished Transition Services. The filing listed these grants’ purposes as “general needs.”
How to Apply
. Requests under $10,000 are reviewed on a rolling basis; requests of $10,000 or more are reviewed quarterly by the board. The foundation does not fund religious or political organizations or individuals, but says outreach projects and programs sponsored by religious organizations may be considered if they fit its focus areas.
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Geographic Focus
Where this funder awards grants
The foundation describes its work as serving communities in the Greater Capital Region of New York and beyond. In 2024, 88% of grant dollars went to recipients in New York, 8% to recipients in Washington, D.C., and the remaining 4% to recipients in Massachusetts, Oklahoma, and Illinois.
Grant Distribution by State
Share of 2024 grant dollars across all 36 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $900K (2024) to $1.2M (2023). In 2024 it made 36 grants totaling $900K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Ebenezer Salon ($185K). Together the top 10 received $554K.
Grant Size Distribution
64 grants across all recorded years
The most common grant size was under $50K: 52 grants of 64 (81%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ebenezer Salon Albany, NY | General Needs | $185,416 |
| The Howard University Washington, DC | General Needs | $70,000 |
| Goodway Gourmet LLC Troy, NY | General Needs | $68,000 |
| Girls Inc of the Greater Capital Region Schenectady, NY | General Needs | $55,000 |
| Mission Accomplished Transition Services Schenectady, NY | General Needs | $40,000 |
| The Giving Circle Inc Saratoga Springs, NY | General Needs | $35,400 |
| Fullness of Joy Photography Albany, NY | General Needs | $25,440 |
| Albany Can Code Inc East Greenbush, NY | General Needs | $25,000 |
| Frank Chapman Memorial Institute Inc Albany, NY | General Needs | $25,000 |
| Maestra Music Inc New York, NY | General Needs | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $6,210,653 | $893,883 | $1,433,976 | $899,619 |
| 2023 | $385,470 | $2,102,181 | $1,725,902 | $1,224,697 |
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $6,210,653 | $385,470 |
| Revenue | $893,883 | $2,102,181 |
| Expenses | $1,433,976 | $1,725,902 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Lisa A. Mitzen as president, Edward G. Mitzen as vice president, Dwayne Killings as treasurer, and Angelique Powell as secretary. The foundation’s staff listing identifies Jahkeen Hoke as chief executive officer.
The Business for Good Foundation Inc is led by Lisa A. Mitzen, President since 2024 (on filings since 2023); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lisa A. Mitzen
President
President & Treasurer → President, 2024
On filings since 2023
1 hr/week
No compensation reported
Edward G. Mitzen
Vice President
On filings since 2023
1 hr/week
No compensation reported
Angelique Powell
Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Dwayne Killings
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Grace Mitzen (2023) — Secretary
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 605 North Broadway, Saratoga Springs, NY 12866
Phone: (518) 708-9546
Website: https://bfg.org
Frequently asked questions about The Business for Good Foundation Inc
How much does The Business for Good Foundation Inc give each year?
The Business for Good Foundation Inc gave $900K across 36 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.2M across 28 grants.
What is The Business for Good Foundation Inc's typical grant size?
The Business for Good Foundation Inc's median grant in 2024 was $15,000, and its average grant was $24,989, across 36 grants on its 2024 IRS Form 990.
Where does The Business for Good Foundation Inc give grants?
The Business for Good Foundation Inc gives mostly in New York: 88% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was District of Columbia (8%). The most frequent recipient cities were Albany, NY (14 grants), Saratoga Springs, NY (5 grants), Schenectady, NY (3 grants) and New York, NY (2 grants).
Does The Business for Good Foundation Inc give general operating support?
Yes: 100% of The Business for Good Foundation Inc's 2024 grants with a stated purpose (36 of 36) were for general or operating support, per its 2024 IRS Form 990.
Who are The Business for Good Foundation Inc's largest grantees?
The Business for Good Foundation Inc's largest 2024 grantees include Ebenezer Salon ($185,416), The Howard University ($70,000) and Goodway Gourmet LLC ($68,000), according to its 2024 IRS Form 990. Together they received 36% of its itemized 2024 grant dollars.
How large is The Business for Good Foundation Inc?
The Business for Good Foundation Inc reported $6.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $894K.
What does The Business for Good Foundation Inc fund?
The foundation’s mission is to “invest in people to build better businesses, stronger communities, and a more equitable world.” See mission & focus areas ↑
How do I apply for a grant from The Business for Good Foundation Inc?
Submit an application through the online application process. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Business for Good Foundation Inc's EIN?
The Business for Good Foundation Inc's EIN (Employer Identification Number) is 32-0712694. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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