The Bessemer Giving Fund

Bessemer Giving Fund shows consistent asset growth and zero officer compensation over a decade of operations.

EIN: 137111099 · Woodbridge, NJ · NTEE: T22 · Updated: 2026-03-28

$574.5MRevenue

$948.2MAssets

95/100Mission Score (Excellent)

T22

About The Bessemer Giving Fund

The Bessemer Giving Fund (EIN: 137111099) is a nonprofit organization based in Woodbridge, NJ, classified under NTEE code T22. The organization reported total revenue of $574.5M and total assets of $948.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bessemer Giving Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bessemer Giving Fund demonstrates robust financial health, with its assets growing significantly from $81,133,641 in 2014 to $736,215,121 in 2023. The organization consistently reports substantial revenue, reaching $145,374,907 in 2023, and maintains a healthy surplus, as evidenced by expenses ($130,980,367 in 2023) being lower than revenue. This indicates effective financial management and a strong capacity to build reserves.

Spending efficiency appears high, particularly given the nature of a giving fund where the primary 'program' is grantmaking. The consistent reporting of 0% officer compensation across all available filings suggests a highly efficient operational structure with minimal overhead dedicated to executive salaries. This allows a greater proportion of funds to be directed towards its charitable purpose.

Transparency is excellent, with a complete history of 13 IRS 990 filings available and consistent reporting of key financial metrics. The absence of liabilities in most recent years (2023, 2021, 2020, 2015) further underscores financial stability and responsible management. The organization's consistent growth in assets and revenue, coupled with its efficient spending and clear financial reporting, paints a picture of a well-managed and transparent philanthropic entity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Bessemer Giving Fund with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, The Bessemer Giving Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Bessemer Giving Fund consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no executive salaries are paid from the organization's funds, which is highly unusual for an organization of its size with assets exceeding $700 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of The Bessemer Giving Fund's IRS 990 filings:

Unusually low or zero reported liabilities in most years, which could indicate a specific operational model or a lack of certain financial activities.

Strengths

The following positive indicators were identified for The Bessemer Giving Fund:

Consistent asset growth, from $81M in 2014 to $736M in 2023, demonstrating strong financial management.
Zero officer compensation reported across all 13 filings, indicating extremely low administrative overhead.
Healthy surplus generation, with revenue consistently exceeding expenses in most periods.
Excellent transparency with a complete history of 13 IRS 990 filings available.
Minimal liabilities reported in most recent years, indicating strong financial stability.

Frequently Asked Questions about The Bessemer Giving Fund

Is The Bessemer Giving Fund a good charity?

Based on its financial data, The Bessemer Giving Fund appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and exceptionally low administrative overhead, with 0% officer compensation reported across all filings.

How has The Bessemer Giving Fund's financial health changed over time?

The organization's financial health has significantly improved, with assets growing from $81,133,641 in 2014 to $736,215,121 in 2023, and revenue consistently in the hundreds of millions in recent years, indicating robust growth and stability.

What is The Bessemer Giving Fund's spending efficiency?

The Bessemer Giving Fund exhibits high spending efficiency, particularly due to its reported 0% officer compensation. This suggests that nearly all non-programmatic expenses are for essential administrative functions, allowing a very high percentage of funds to be directed to its mission.

Filing History

IRS 990 filing history for The Bessemer Giving Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), The Bessemer Giving Fund's revenue has grown by 1462.8%, moving from $9.3M to $145.4M. Total assets increased by 1897.6% over the same period, from $36.9M to $736.2M. Total functional expenses rose by 1130.9%, from $10.6M to $131.0M. In its most recent filing year (2023), The Bessemer Giving Fund reported a surplus of $14.4M, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$145.4M	$131.0M	$736.2M	$0	—	—
2022	$111.3M	$109.6M	$638.7M	$70K	—	View 990
2021	$291.6M	$126.2M	$757.9M	$0	—	View 990
2020	$215.2M	$96.9M	$574.5M	$0	—	View 990
2019	$210.1M	$123.6M	$409.1M	$28K	—	View 990
2018	$242.4M	$171.9M	$284.6M	$35K	—	View 990
2017	$107.8M	$32.5M	$241.7M	$22K	—	View 990
2016	$69.1M	$14.4M	$152.5M	$32K	—	View 990
2015	$34.5M	$18.0M	$93.9M	$0	—	View 990
2014	$34.4M	$12.6M	$81.1M	$40K	—	View 990
2013	$15.7M	$7.7M	$61.0M	$40K	—	View 990
2012	$17.6M	$7.2M	$49.3M	$40K	—	View 990
2011	$9.3M	$10.6M	$36.9M	$36K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $145.4M, expenses of $131.0M, and assets of $736.2M (revenue +30.7% year-over-year).
2022: Revenue of $111.3M, expenses of $109.6M, and assets of $638.7M (revenue -61.8% year-over-year).
2021: Revenue of $291.6M, expenses of $126.2M, and assets of $757.9M (revenue +35.5% year-over-year).
2020: Revenue of $215.2M, expenses of $96.9M, and assets of $574.5M (revenue +2.4% year-over-year).
2019: Revenue of $210.1M, expenses of $123.6M, and assets of $409.1M (revenue -13.3% year-over-year).
2018: Revenue of $242.4M, expenses of $171.9M, and assets of $284.6M (revenue +124.8% year-over-year).
2017: Revenue of $107.8M, expenses of $32.5M, and assets of $241.7M (revenue +56.0% year-over-year).
2016: Revenue of $69.1M, expenses of $14.4M, and assets of $152.5M (revenue +100.1% year-over-year).
2015: Revenue of $34.5M, expenses of $18.0M, and assets of $93.9M (revenue +0.4% year-over-year).
2014: Revenue of $34.4M, expenses of $12.6M, and assets of $81.1M (revenue +118.8% year-over-year).
2013: Revenue of $15.7M, expenses of $7.7M, and assets of $61.0M (revenue -10.5% year-over-year).
2012: Revenue of $17.6M, expenses of $7.2M, and assets of $49.3M (revenue +88.9% year-over-year).
2011: Revenue of $9.3M, expenses of $10.6M, and assets of $36.9M.

Data Sources and Methodology

This transparency report for The Bessemer Giving Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.