Glenn W Bailey Charitable Trust

The Glenn W Bailey Charitable Trust, registered as a nonprofit charitable organization with EIN 886220262, is a private foundation categorized under the Philanthropy, Voluntarism, and Grantmaking Foundations in the National Taxonomy of Exempt Entities (NTEE). Donations to this organization are tax deductible.

Mission and Focus

The charitable trust is committed to carrying on the legacy of Glenn W. Bailey, who was deeply invested in promoting STEM and Medical Research. The foundation supports initiatives that encourage STEM learning, address environmental issues, conduct biomedical research, and foster entrepreneurship in underserved communities. This includes supporting educational opportunities in STEM from early childhood through post-doctoral levels.

Programs and Initiatives

• STEM Encouragement: The foundation supports educational programs that enhance awareness and success in STEM careers for students in the United States. This includes initiatives like STEM Sprouts and STEM Stars, which focus on early education and advanced STEM programs for middle and high school students.

• Environmental & Climate: The organization supports innovative environmental projects that utilize interdisciplinary research to address critical environmental issues.

• Scientific Research: Emphasis is placed on biomedical research, particularly in underfunded areas such as pancreatic and colon cancers.

• Urban & Community Entrepreneurship: Initiatives aim to foster economic empowerment in moderate-income and underserved communities.

Financial Overview

As of recent financial disclosures, the Glenn W Bailey Charitable Trust has substantial assets and engages in significant charitable disbursements annually. In 2023, it reported significant revenue from dividends and other sources, with a major portion allocated towards charitable disbursements. The foundation also provides compensation to key employees and officers.

History

Glenn W. Bailey was a prominent businessman who founded the Bairnco Corporation. His legacy continues through the foundation's focus on education, research, and community development.

Grant Awards and Funding

The foundation offers grants ranging from $20,000 to $50,000, primarily targeting STEM education initiatives and programs focused on environmental and biomedical research. Funding is generally directed towards registered 501(c)3 organizations.