Overview
What is Bam Endowment Trust?
The Bam Endowment Trust is an entity solely dedicated to supporting the Brooklyn Academy of Music (BAM), a renowned multi-arts organization based in Brooklyn, New York. Established at 30 Lafayette Avenue, this nonprofit provides vital general operating support, enabling BAM to showcase a diverse range of programming, including theater, dance, music, opera, film, and more. The endowment trust's contributions foster the platform for emerging artists and modern masters, connecting global and local communities through the power of the arts. The Bam Endowment Trust operates exclusively for the betterment of Brooklyn Academy of Music, Inc.
Is Bam Endowment Trust legitimate?
Bam Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bam Endowment Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Bam Endowment Trust?
The Bam Endowment Trust is dedicated to supporting the Brooklyn Academy of Music (BAM), an establishment with a rich history spanning over 150 years. The trust's primary objective is to provide essential operating funds to BAM, enabling it to continue serving as a thriving home for adventurous artists and diverse communities. This general support allows BAM to present a wide range of world-renowned programming, including theater, dance, music, opera, film, and more. The trust also aids in showcasing the work of emerging artists and innovative modern masters, thereby engaging both local and global audiences.
Who is the CEO of Bam Endowment Trust?
Gina Duncan is the Principal Officer of Bam Endowment Trust.
What is the revenue of Bam Endowment Trust?
Bam Endowment Trust's revenue in 2022 was $5,021,275.
Who are the executives of Bam Endowment Trust and what are their salaries?
There 9 volunteers at Bam Endowment Trust.
Here are 10 key members and their salaries:
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- Related: $324,395
- Other: $48,449
Where can I find the form 990 for Bam Endowment Trust?
Bam Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bam Endowment Trust
The Bam Endowment Trust is a philanthropic entity that solely supports the Brooklyn Academy of Music, Inc. (BAM), a multi-arts organization with a rich history spanning over 150 years. The endowment trust's mission is to ensure BAM's continued success as a vibrant platform for adventurous artists, audiences, and innovative ideas. By providing crucial general operating support, the Bam Endowment Trust enables BAM to host a wide array of world-renowned programming in various disciplines such as theater, dance, music, opera, film, and more. This support allows BAM to showcase the work of both emerging artists and esteemed modern masters, thereby fostering an environment that engages both local and global communities.
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Impact
October, 2024
The Bam Endowment Trust significantly enhances the cultural landscape of Brooklyn by providing essential support to the Brooklyn Academy of Music (BAM). This funding enables BAM to maintain its status as a vibrant hub for adventurous artistic expression, engaging both local and global communities. The Trust plays a pivotal role in ensuring that BAM can continue to offer a wide array of world-renowned programming, including theater, dance, music, opera, and film.
By facilitating general operating support, the Bam Endowment Trust allows BAM to not only showcase established artists but also to nurture emerging talents and present innovative modern masters. This commitment to fostering creativity and artistic exploration ensures that BAM remains a cornerstone of cultural dialogue and community engagement, enriching the lives of individuals and families in Brooklyn and beyond. Through its impact, the Bam Endowment Trust helps to sustain the legacy of a 150-year-old multi-arts organization, ensuring that the arts continue to thrive in an ever-evolving landscape.
This information is meant to be a general summary of Bam Endowment Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,972,946
- Gross Receipts: $24,574,145
Assets and Liabilities:
- Total Assets: $93,445,467
- Total Liabilities: $12,231
- Net Assets: $93,433,236
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Organization Details
Founding Year
1992
Phone
(718) 636-4110Principal Officer
Gina Duncan
Main Address
30 LAFAYETTE AVENUE, BROOKLYN, NY, 11217
NTEE Category
Code: A61 - Arts
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