Barney & Barney Foundation

The Barney & Barney Foundation is a nonprofit organization based in California, recognized for its commitment to philanthropy and community support. Founded in 2009, the foundation has actively provided grants to various nonprofit organizations, focusing on assisting those in need, supporting youth development, advancing the arts, and promoting environmental protection.

Mission and Objectives

The foundation's mission emphasizes giving back to the community by addressing significant social issues. It aims to:

• Serve individuals in need
• Support youth programs
• Advance artistic endeavors
• Stand against societal injustices
• Protect the environment

These objectives guide the foundation's operations and grant-making processes, ensuring alignment with its overarching values.

Grant Selection Process

Each year, the Barney & Barney Foundation awards grants to selected nonprofit organizations. The nomination process involves recommendations from the foundation’s colleagues, followed by a review by the Grant Committee. Essential criteria for selection include:

• Alignment of the nonprofit's mission with the foundation's mission
• Financial health of the organization
• Specific needs of the nonprofit

The grant amounts vary annually, reflecting the funds raised and the unique needs of the recipients. Since its inception, the foundation has disbursed approximately $4.8 million to over 250 nonprofit organizations, underscoring its vital role in community development.

Governance

The Barney & Barney Foundation operates under the guidance of a board of directors, consisting of 8 to 15 members who are re-elected annually. The board is responsible for overseeing the foundation's operations and meets at least once a year, with expectations for additional meetings to discuss ongoing initiatives and grant distributions.

Financial Overview

The foundation is classified under the IRS 501(c)(3) designation, allowing it to operate as a public benefit corporation with tax-deductible contributions. According to its recent financial disclosures, the foundation primarily generates revenue through donations and investment income, with contributions comprising a significant portion of its revenue stream.

Conclusion

The Barney & Barney Foundation exemplifies a commitment to community engagement and philanthropy, effectively addressing various societal challenges through its grant-making initiatives. By fostering support for nonprofits in California, the foundation plays a crucial role in enhancing the quality of life within its communities.