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Nonprofit · EIN 20-5602483

BLOOMBERG FAMILY FOUNDATION INC

Tax-exempt · NEW YORK, NY 10150

Financials

$1.5B$1.4B2023$1.6B$1.5B2024
Revenue Expenses · by fiscal year end
Financials of BLOOMBERG FAMILY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,642,529,594$1,509,929,162$132,600,432$12,117,236,821$0$12,117,236,821
December 31, 2023990-PF$1,514,801,871$1,431,675,458$83,126,413$11,808,358,665$0$11,808,358,665
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$902,523,406
Dividends
$8,033,737
Interest
$447,899
Net gain from sales of assets
$488,959,617
Other income
$242,564,935

Expenses

Grants and similar amounts paid
$1,016,737,000
Compensation of officers, directors and key employees
$283,800
Disbursements for charitable purposes
$1,473,990,509
Excise tax on investment income
$8,307,064

Balance sheet and other

Total assets, start of year
$11,808,358,665
Total assets, end of year
$12,117,236,821
Total liabilities, end of year
$0
Net assets, end of year
$12,117,236,821
Fair market value of assets
$12,117,236,821
Qualifying distributions
$1,473,990,509
Net investment income
$598,279,730

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ALFRED SOMMER
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
ANNE TATLOCK
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
DANIEL L DOCTOROFF
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
DENNIS M WALCOTT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
EMMA BLOOMBERG
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
GEOFFREY CANADA
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
GEORGINA BLOOMBERG
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
HENRY MERRITT PAULSON JR
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
JAMES G NIVEN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
JOHN J MACK
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
KENNETH I CHENAULT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
MANUEL A DIAZ
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
MARTIN SORRELL
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
MAYA LIN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
MELLODY HOBSON
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
10 more people on this return
NameTitleHours / weekCompensation
MICHAEL G MULLEN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
PATRICIA E HARRIS
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
CEO, CAO & DIRECTOR40$12,900
ROBERT A IGER
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
RUTH PORAT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
SAM NUNN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
TENLEY ALBRIGHT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
WALTER ISAACSON
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,900
MARK CARNEY
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$0
REVERAND JOSEPH M MCSHANE
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$0
SAMUEL J PALMISANO
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$0
990-PF for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensation
ALFRED SOMMER
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
ANNE TATLOCK
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
DANIEL L DOCTOROFF
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
DENNIS M WALCOTT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
EMMA BLOOMBERG
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
GEOFFREY CANADA
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
GEORGINA BLOOMBERG
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
HENRY MERRITT PAULSON JR
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
JAMES G NIVEN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
JOHN J MACK
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
KENNETH I CHENAULT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
MANUEL A DIAZ
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
MATRIN SORRELL
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
MAYA LIN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
MELLODY HOBSON
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
MICHAEL G MULLEN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
PATRICIA E HARRIS
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
CEO, CAO & DIRECTOR40$12,500
ROBERT A IGER
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
RUTH PORAT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
SAM NUNN
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
TENLEY ALBRIGHT
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
WALTER ISAACSON
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$12,500
MARK CARNEY
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$0
REVERAND JOSEPH M MCSHANE
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$0
SAMUEL J PALMISANO
C/O GELLER COMPANY LLC PO BOX 1510, NEW YORK, NY 10150
DIRECTOR0.58$0

Address and contacts

Address (IRS master file)
CO GELLER COMPANY LLC PO BOX, NEW YORK, NY 10150-0000
In care of
% GELLER ADVISORS
Signed the 990-PF
PATRICIA HARRIS, CEO & DIRECTOR
Phone
(212) 205-0100
Return prepared by
GELLER & COMPANY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
20-5602483
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2008
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$12,117,236,821
Income (IRS master file)
$1,153,569,977

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,642,529,594$1,509,929,162$12,117,236,821XML
990-TDecember 2024–––IRS
990-PFDecember 2023$1,514,801,871$1,431,675,458$11,808,358,665XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5602483).

Questions about BLOOMBERG FAMILY FOUNDATION INC

What is the EIN of BLOOMBERG FAMILY FOUNDATION INC?
The employer identification number (EIN) of BLOOMBERG FAMILY FOUNDATION INC is 20-5602483.
Is BLOOMBERG FAMILY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to BLOOMBERG FAMILY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BLOOMBERG FAMILY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of BLOOMBERG FAMILY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BLOOMBERG FAMILY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of BLOOMBERG FAMILY FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 25 people; 22 received compensation from the organization, the highest $12,900 (ALFRED SOMMER, DIRECTOR).
How much revenue does BLOOMBERG FAMILY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,642,529,594, expenses of $1,509,929,162 and total assets of $12,117,236,821 at year end.

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