BGM Foundation
Preselected recipients only
BGM Foundation is a private foundation in Vestal, New York. In tax year 2025 it gave $342,050 in 24 grants; the typical grant was $600 and the largest $250,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$342,050
- Number of grants24
- Typical grant$600
- Largest grant$250,000
- Assets$2.9 million
- New grantees52%
Giving in 2025 was down from $431,050 the year before.
52% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $333,650 | 13 | $2.2 million |
| 2024 | $431,050 | 20 | $3.0 million |
| 2025 | $342,050 | 24 | $2.9 million |
How to apply
BGM Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What BGM Foundation funds
Where it gives
Its grants went to recipients in 6 states, the most to New York.
| State | Grants | Amount |
|---|---|---|
| New York | 19 | $340,600 |
| Iowa | 1 | $600 |
| Tennessee | 1 | $250 |
| Utah | 1 | $250 |
| Pennsylvania | 1 | $200 |
| Maryland | 1 | $150 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Binghamton University Foundation | Support | $250,000 |
| Uhs Foundation | Support | $55,300 |
| Spiedie Fest Balloon Rally Expo | Support | $10,000 |
| Lourdes Hospital Foundation | Support | $5,000 |
| Loures Hospital Auxiliary | Support | $5,000 |
| Individual | Support | $5,000 |
| Broome County Arts Council | Support | $4,000 |
| Children's Home | Support | $1,500 |
| Avre | Support | $1,250 |
| Girl Scouts of NYPENN Pathways | Support | $1,000 |
| Vestal Police Benevolent Associatio | Support | $650 |
| American Heart Association | Support | $600 |
| Broome County Council of Churches | Support | $600 |
| The Cholangiocarcinoma Foundation | Support | $250 |
| The Gideons International | Support | $250 |
| Mercy House of the Southern Tier | Support | $200 |
| Broome County Humane Society | Support | $200 |
| Endicott Sons of Italy Lodge 443 | Support | $200 |
| Individual | Support | $200 |
| Individual | Support | $200 |
| St Vincent de Paul Blessed Sacramen | Support | $200 |
| Alzheimer's Association | Support | $150 |
| Sarcoma Foundation of America | Support | $150 |
| Southern Tier Police Canine Associa | Support | $150 |
Officers and trustees
- Philip Akel
- Ferris Akel III
- Ronald Akel
Questions people ask
Does BGM Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does BGM Foundation give?
$342,050 in tax year 2025, across 24 grants, with a typical grant of $600.
Who runs BGM Foundation?
Its 2025 filing lists Philip Akel (Trustee), Ferris Akel III (Trustee) and Ronald Akel (Trustee).
What does BGM Foundation fund?
Based on its grants, mainly health, youth programs and community development.