Grantmaking public charity · EIN 13-7111099
The Bessemer Giving Fund
Woodbridge, NJ
The Bessemer Giving Fund is a public charity that makes grants based in Woodbridge, NJ. On its Form 990 (Schedule I) for tax year 2024, it reported $142M in grants paid across 1,653 grants, with $948M in total assets. Its largest grants went to Fidelity Investments Charitable Gift Fund, Abilene Heritage Square Inc and Goldman Sachs Philanthropy Fund.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check The Bessemer Giving Fund's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
The bessemer giving fund generally limits its grant making to organizations recognized by the internal revenue service as exempt from tax under section 501(c)(3) of the internal revenue code and classified as public charities or organizations that bessemer giving fund has in good faith determined are the equivalent thereof in accorance with appliable treasury regulations. with respect to any grants to grantees that are not recognized and classified as 501(c)(3) public charities, bessemer giving fund makes charitable grants restricted to exclusively charitable purposes and otherwise complies with expenditure responsibility requirements in accordance with applicable treasury regulations. the bessemer giving fund's due diligence procedures include screening grantees' tax status and other pre-grant inquiry in accordance with applicable regulations. in addition, the bessemer giving fund performs grant monitoring and reviewing procedures to ensure use of funds for charitable purposes and other compliance with applicable grantmaking rules.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
To receive contributions from the public and make grants to qualified recipient charitable organizations.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | Cincinnati, KY | Charitable Purpose | $8,132,111 |
| Abilene Heritage Square Inc | Abilene, TX | General Support | $4,000,000 |
| Goldman Sachs Philanthropy Fund | Albany, NY | General Support | $3,263,416 |
| Potomac School | Mclean, VA | Capital Campaign | $3,000,000 |
| Engineering Tomorrow Co | Fairfax Station, VA | General Support | $2,000,000 |
| Best Friends Animal Society | Kanab, UT | General Support | $1,975,500 |
| California Institute of the Arts | Valencia, CA | General Operating Support | $1,869,600 |
| Terra Naam Retreat Charitable Trust | Worcester, VT | General Support | $1,800,000 |
| Pennsylvania State University Philanthropic Fund | University Park, PA | General Support | $1,600,000 |
| Stanford University Board of Trustees | Stanford, CA | Unrestricted Gift | $1,599,000 |
| Walkerton Community Foundation | Walkerton, IN | General Support | $1,578,500 |
| Sant Bani School | Sanbornton, NH | General Support | $1,500,000 |
| Sharp Healthcare Foundation | San Diego, CA | General Support | $1,425,000 |
| Northwestern University | Evanston, IL | General Support | $1,377,500 |
| The Citadel Foundation | Charleston, SC | General Support | $1,335,000 |
| National Philanthropic Trust | Jenkintown, PA | Charitable Purpose | $1,095,153 |
| Saddle River Day School Inc | Saddle River, NJ | General Support | $1,030,000 |
| Rice University | Houston, TX | General Support | $1,029,000 |
| Hackensack University Medical Foundation | Edison, NJ | General Support | $1,006,000 |
| Grove City College | Grove City, PA | General Support | $1,000,000 |
| Los Angeles Public Press | Sacramento, CA | General Support | $1,000,000 |
| Mount Sinai Medical Center Foundation Inc | Miami Beach, FL | General Support | $1,000,000 |
| Our House Inc | Little Rock, AR | General Support | $1,000,000 |
| Upmc | Pittsburgh, PA | Medical Research | $1,000,000 |
| American Civil Liberties Union Foundation Inc | New York, NY | General Support | $997,500 |
The 25 largest of 1,653 grants listed on the return. Names and purposes as reported to the IRS.
Where its grants went
- New York$20M · 263 grants
- California$18.8M · 208 grants
- Pennsylvania$9.15M · 75 grants
- Virginia$8.67M · 63 grants
- Kentucky$8.38M · 9 grants
- Texas$8.09M · 48 grants
- Florida$7.6M · 121 grants
- Massachusetts$4.94M · 91 grants
- District of Columbia$4.47M · 84 grants
- Connecticut$4.15M · 65 grants
- North Carolina$3.53M · 37 grants
- New Jersey$3.29M · 31 grants
Quick answers
Does The Bessemer Giving Fund accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check The Bessemer Giving Fund's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does The Bessemer Giving Fund give each year?
For tax year 2024, it reported $141,865,645 in grants paid (1,653 grants). Giving can change from year to year.
What organizations has The Bessemer Giving Fund funded?
Its largest grants in tax year 2024 went to Fidelity Investments Charitable Gift Fund (KY), $8.13M, Abilene Heritage Square Inc (TX), $4M, Goldman Sachs Philanthropy Fund (NY), $3.26M, Potomac School (VA), $3M and Engineering Tomorrow Co (VA), $2M.