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Bpi Foundation FY2021 filing

Tax-deductible

Washington, DC501(c)(3)Education EIN 26-2353925Revenue $7 in FY2021Latest return filed Nov 14, 2025

On file with the IRS1300 I St Nw Ste 1100w, 20005-3396 · Washington, DCTax-exempt since Sep 2008Private non-operating foundation

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The BPI Foundation is committed to improving the financial literacy of Americans of all ages and supporting the charitable giving of members of the Bank Policy Institute.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $48K a year · 360% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Plus $665K in investments, Pt X · Ln 11–13
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$235K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7
-100% vs prior year
Spent
$63K
To programs
96%
Net assets
$479K
By yearFY2020–FY2024
Revenue
$7
FY2021▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$13K
FY2021$7
FY2022$26K
FY2023$14K
FY2024$15K
Expenses
$63K
FY2021▼ -40%
Tap a bar for its year
Expenses by fiscal year
FY2020$105K
FY2021$63K
FY2022$31K
FY2023$63K
FY2024$49K
Net assets
$479K
FY2021▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$542K
FY2021$479K
FY2022$453K
FY2023$460K
FY2024$470K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $60K Management & general 4% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Greg Baer
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bpi Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates Americans on financial literacy and supports charitable giving.

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3 programs · $60K · in their own filed words · FY2021
01

Grants

Each year, we honor two organizations that provide outstanding achievements in promoting financial literacy, with the BPI Foundation Award. To help advance their mission, we provide major grants to both organizations and we give them a platform to showcase their vision and impact to all BPI member companies.

$60Kprogram expense
02

Scholarships

Promoting student education in the area of financial services and business has long been a priority of the BPI Foundation. We honor the Chairman of BPI as a thank you for their voluntary service, by awarding a large scholarship in their name to a school or financial literacy non-profit of their choice.

Pt IX · col B
03

Charitable Giving

The BPI Foundation supports the charitable and corporate social responsibility priorities of BPI member companies by providing donations to augment their giving. These donations are typically only given at the request of an BPI member company.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Faretra Bowden Family Foundation IncorporatedFY2024$1K
Total grants receivedfrom 1 funder$1K
Grants paid · 12 grants · $287K · 2020–2024
Committee on Capital Markets Regulation INCMA · FY2024$30,000
Program on Int'l Fin SystemsFY2024$11,000
Women in Housing and FinanceFY2024$5,000
Committee on Capital Markets Regulation INCMA · FY2023$50,000
Cities for Financial Empowerment Fund INCNY · FY2023$10,000
Program on International Financial Systems INCMA · FY2022$11,000
Program on International Financial Systems INCMA · FY2022$10,000
The Brookings InstitutionDC · FY2021$50,000
Program on International Financial Systems INCMA · FY2021$10,000
The Brookings InstitutionDC · FY2020$50,000
Unitemized GrantFY2020$35,000
Unitemized GrantFY2020$15,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7
Ln 12
Investment incomeLn 3$7
Money outPt IX
$63K
Ln 25
Programscol B$60K
Managementcol C$3K
Owns and owesPt X
$479K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$715K
LiabilitiesLn 26$235K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$7
Total revenueLn 12$7
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
InvestmentsLn 11–13$665K
Total assetsLn 16$715K
LiabilitiesLn 26$235K
Net assetsLn 32$479K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$50K$49K
InvestmentsLn 11–13$665K$665K
Total assetsLn 16$715K$715K
LiabilitiesLn 26$173K$235K
Net assetsLn 32$542K$479K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$330$330
Other expenses (24a–d)Ln 24$578$578
Total functional expensesLn 25$63K$60K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $15K$49K−$34K$470K 990 PDF
FY2023Filed with the IRS Oct 2, 2024 $14K$63K−$49K$460K 990 PDF
FY2022Filed with the IRS Oct 6, 2023 $26K$31K−$4K$453K 990 PDF
FY2021 ViewingFiled with the IRS Sep 19, 2022 $7$63K−$63K$479K 990 PDF
FY2020Filed with the IRS Oct 1, 2021 $13K$105K−$92K$542K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $7 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $12,720$7
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,720$7
I-13 Grants and similar amounts paidPrior year $100,000$60,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,524$2,608
I-18 Total expensesPrior year $104,524$62,608
I-19 Revenue less expensesPrior year −$91,804−$62,601
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $7 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $7$7
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7$7
Part IX · Statement of functional expenses $62,608 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $60,000$60,000
IX-11c Accounting feesManagement $1,700$1,700
IX-11g Other fees for servicesManagement $330$330
IX-24 Other expenses (24a–d)Management $578$578
IX-25 Total functional expensesPrograms $60,000 · Management $2,608 · Fundraising $0$62,608
Part X · Balance sheet $714,836 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $50,036$49,465
X-11 Publicly traded securitiesStart of year $665,371$665,371
X-16 Total assetsStart of year $715,407$714,836
X-17 Accounts payable and accrued expensesStart of year $173,322$235,352
X-26 Total liabilitiesStart of year $173,322$235,352
X-27 Net assets without donor restrictionsStart of year $542,085$479,484
X-32 Total net assets or fund balancesStart of year $542,085$479,484
X-33 Total liabilities and net assetsStart of year $715,407$714,836
Part XI · Reconciliation of net assets $479,484 net assets at year end
XI-1 Total revenue$7
XI-2 Total expenses$62,608
XI-3 Revenue less expenses−$62,601
XI-4 Net assets at start of year$542,085
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$479,484

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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