Overview
The BGM Foundation, located in Vestal, New York, is a philanthropic organization with assets totaling $2,007,089. The foundation focuses on funding initiatives in the areas of arts and culture, health, and human services. In the past year, it reported expenses of $345,152 and revenue of $1,071,719. The foundation supports projects primarily in New York, with a particular emphasis on the cities of Binghamton, Cicero, and Vestal. The foundation is managed by trustees Philip Akel, Ferris Akel III, and Ronald Akel, all of whom serve without compensation.
Focus Areas
Geographic Focus
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Financials
in 2024, compared to $1,280,522 in 2023
13 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $250,000 | BINGHAMTON UNIVERSITY FOUNDATION | SUPPORT | PO BOX 6005 BINGHAMTON, NY US | 2023 |
| $250,000 | BINGHAMTON UNIVERSITY FOUNDATION | SUPPORT | PO BOX 6005 BINGHAMTON, NY US | 2024 |
| $55,000 | UHS FOUNDATION | SUPPORT | 10-42 MITCHELL AVENUE BINGHAMTON, NY US | 2024 |
| $20,000 | Trinity Memorial Church | Support | 44 Main St Binghamton, NY US | 2023 |
| $10,000 | Trinity Memorial Church | Support | 44 Main St Binghamton, NY US | 2024 |
| $5,000 | LOURDES HOSPITAL FOUNDATION | Support | 169 RIVERSIDE DRIVE BINGHAMTON, NY US | 2023 |
| $5,000 | UHS FOUNDATION | SUPPORT | 10-42 MITCHELL AVENUE BINGHAMTON, NY US | 2023 |
| $5,000 | LOURES HOSPITAL AUXILLIARY | SUPPORT | 169 RIVERSIDE DRIVE BINGHANTON, NY US | 2023 |
| $5,000 | Sock Out Cancer | Support | PO Box 1625 Binghamton, NY US | 2023 |
| $5,000 | LOURDES HOSPITAL FOUNDATION | Support | 169 RIVERSIDE DRIVE BINGHAMTON, NY US | 2024 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
PA
Philip Akel
| Trustee | $0 | 2023 |
FAI
Ferris Akel III
| Trustee | $0 | 2023 |
RA
RONALD AKEL
| Trustee | $0 | 2023 |
PA
Philip Akel
| Trustee | $0 | 2024 |
FAI
Ferris Akel III
| Trustee | $0 | 2024 |
RA
RONALD AKEL
| Trustee | $0 | 2024 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on December 15, 2024