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Edyth Bush Charitable Foundation, Inc.

Profile

Last Updated: 2016-02-11

At A Glance

Edyth Bush Charitable Foundation, Inc.

199 E. Welbourne Ave., P.O. Box 1967

Winter Park, FL United States 32790-1967

Telephone: (407) 647-4322

URL: www.edythbush.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-08-31)

Assets: $83,135,540

Total giving: $2,811,796

EIN

237318041

BRIDGE Number

5306673503

Additional Contact Information

Grant request contact: Jaime Dixon, Grants Mgr.: (407) 647-4322 x17; e-mail: jdixon@edythbush.org

Background

Originally incorporated in 1966 in MN; reincorporated in 1973 in FL - Over 40 years ago, a legacy of community activism began. Through the pioneering efforts of Edyth and Archibald Bush, this foundation was created to serve the people of Central Florida and beyond. With humble beginnings, Mr. Bush started his work for a small, unknown company named Minnesota Mining and Manufacturing. After a short time spent in the accounting department, Mr. Bush figured out that the sales people made more money than the accountants, so he quickly volunteered to open up a new sales territory for the company in Chicago, Illinois. There he met Edyth Bassler, a prominent local actress and classical dancer. He also discovered that she would become the love of his life and they were soon married. With a shared interest in community involvement they became active in many local organizations. Through a team effort, they also sought to help build the fledgling company Mr. Bush was working for. Together they held a firm belief in the future of the company which would later become known as 3M. Through hard work and dedication, the Bushes amassed a substantial fortune in company stock enhanced by conservative living. As they became more affluent they developed a greater capacity to truly make a difference in the communities in which they lived. And so, the Edyth Bush Charitable Foundation was born. From the first grant made to the United Way, the foundation was focused on arts and education but within a few years expanded to health and human services efforts with the firm belief in "helping people help themselves." To date, the foundation has distributed more than $100 million in grants to deserving organizations. In addition to providing funds, a significant portion of the foundation's efforts is dedicated to community leadership and fostering cooperative relationships between the groups it serves.

Purpose and Activities

Support for charitable, educational, and health service organizations, with emphasis on human services, the elderly, youth services, the handicapped, and nationally recognized quality arts or cultural programs. Provides limited number of program-related investment loans for construction, land purchase, emergency or similar purposes to organizations otherwise qualified to receive grants. Active programs directly managed and/or financed for management/volunteer development of nonprofits.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Employee Matching Gifts

The foundation matches the monetary gifts of its employees to charitable organizations.

Program-Related Investment

Historically, the foundation has made PRIs in the form of loans to safety organizations for emergencies, construction, renovation, and interim financing. The foundation has a loan program that applies to organizations looking for financial support to expand and empower their operations in the community. These loans are infrequently made but available at low interest rates with flexible repayment schedules and flexible terms.

Fields of Interest

Subjects
  • Arts and culture
  • Arts education
  • Child welfare
  • Domestic violence
  • Education
  • Employment
  • Health
  • Housing development
  • Human services
  • Nonprofits
  • Philanthropy
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Females
  • Homeless people
  • Low-income and poor people
  • Military personnel
  • People with disabilities
  • Seniors
  • Students
  • Victims of crime and abuse
  • Young adults

Financial Data

Year ended 2014-08-31

Assets: $83,135,540 (market value)

Gifts received: $40,000

Expenditures: $5,127,076

Total giving: $2,811,796

Qualifying distributions: $4,172,650