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Beau Biden Foundation for the Protection of Children

CharityWatch report issued
April 2022

B
CharityWatch Grade
Our independent grade based
on a number of factors.
 
59%
Program Percentage
Amount spent on programs
relative to overhead.
 
$4
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Beau Biden Foundation for the Protection of Children
P.O. Box 7819
Wilmington, DE 19803

Other Names

None

Tax Status

501(c)3

Stated Mission

To honor the life of Joseph R. "Beau" Biden, III, and to continue his life's work: protecting children and confronting abuse.

View similar charities
Data based on Fiscal Year Ended 12/31/2020

Program Percentage: 59%

The percentage of Beau Biden Foundation for the Protection of Children's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$900,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $4

How many dollars Beau Biden Foundation for the Protection of Children spends on fundraising to raise each $100 of contributions.

$3,800,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Beau Biden Foundation For The Protection of Children IRS Form 990 (Amended) 47-4507397
Beau Biden Foundation For The Protection of Children Audited Financial Statements 47-4507397
Entity: Beau Biden Foundation For The Protection of Children
Document Type: IRS Form 990 (Amended)
Tax ID: 47-4507397
Entity: Beau Biden Foundation For The Protection of Children
Document Type: Audited Financial Statements
Tax ID: 47-4507397

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Beau Biden Foundation for the Protection of Children
does not meet governance benchmarks.
 
Beau Biden Foundation for the Protection of Children
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Patricia Dailey Lewis Executive Director $150,660
2 Joshua Alcorn COO $131,437
1
Name: Patricia Dailey Lewis
Title: Executive Director
Compensation: $150,660
2
Name: Joshua Alcorn
Title: COO
Compensation: $131,437

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

As part of CharityWatch's rating analysis for the Beau Biden Foundation for the Protection of Children (Beau Biden Foundation or the Foundation), including analysis of the Beau Biden Foundation audited financial statements and IRS Form 990 for the fiscal year ended 12/31/2020, CharityWatch determined the following:

  • Between the years 2016–2019, the Beau Biden Foundation reports receiving annual contributions in amounts ranging from $534,851 to $692,875. The Foundation's reported total contributions in 2020 are $3,798,625, an increase of $3,105,750 (or more than 448%) from 2019 (IRS Form 990, Schedule A, Part II, Section A, Line 1).


  • Of the $3,798,625 in total contributions raised in 2020, $1,835,265 (or about 48%), was received from The Biden Foundation (tax ID #81-1329470). According to The Biden Foundation's IRS Form 990 for the fiscal year ended 12/28/2020: "The Biden Foundation suspended activities in April 2019. As part of the final dissolution of the organization, the Foundation granted the balance of its funds to the Beau Biden Foundation for the Protection of Children for use in its programmatic activities" (IRS Form 990, Part III, Line 4a (Additional Data)). A cash grant in the amount of $1,835,265 to the Beau Biden Foundation is reported by The Biden Foundation in its 2020 tax filing (IRS Form 990, Schedule I, Part II).


  •  At 12/31/2020, the Beau Biden Foundation reports total net assets of $3,373,963, according to its audited financial statements and IRS Form 990. The Foundation's total net assets include the $1,835,265 donation received from The Biden Foundation (cited above) on 12/31/2020 (see more information, below). Excluding this $1,835,265 donation received on the last day of 2020, CharityWatch computed that the Beau Biden Foundation had approximately $1,538,698 of net assets in reserve, or 1.7 Years of Available Assets


  • Of the Beau Biden Foundation's reported total expenses of $927,684 in 2020, $544,961 was spent on programmatic activities. The remaining $387,904 was spent on overhead, which includes management & general and fundraising expenses (IRS Form 990, Part IX). The Foundation spent $154,211 to raise $3,798,625 in total cash contributions during 2020, or approximately $4 to raise each $100 of cash support. Funds raised but not spent by 12/31/2020 were added to the Foundation's assets in reserve to be expended in future years. At 12/31/2020, the Foundation's reported total cash, savings, and temporary investments amounted to $2,909,597 (IRS Form 990, Part X).


CharityWatch contacted the Beau Biden Foundation on April 1, 2022 to ask if The Biden Foundation and Beau Biden Foundation are considered related organizations for purposes of IRS Form 990, Schedule R, Related Organizations and Unrelated Partnerships, and/or for purposes of presenting consolidated audited financial statements in compliance with Generally Accepted Accounting Principles in the United States (GAAP). For purposes of IRS Form 990, Schedule R, an organization is considered to be a related organization if it is a parent, subsidiary, brother/sister, supporting/supported, or sponsoring organization. (See the IRS Form 990, Schedule R instructions for more comprehensive information about how related organization determinations are made.) The financial activities of related organizations are required to be presented in consolidated form to comply with GAAP when certain conditions are present. In short, consolidation is required when an organization has a controlling financial interest in another not-for-profit entity. If it is determined that there is no controlling financial interest, an organization may still meet consolidation requirements if it possesses both an economic interest and control. An example of a controlling financial interest is a direct or indirect ownership or a majority voting interest in another not-for-profit entity. 

CharityWatch compared the 2020 IRS Form 990 filed by The Biden Foundation and Beau Biden Foundation, respectively, and determined that the two charities had no overlapping board members in that fiscal year. In addition, we contacted the Foundation to ask directly if the two organizations are related. 

According to an email sent to CharityWatch by the Beau Biden Foundation Chief Financial Officer / Chief Operating Officer, Pete Curcio, on April 5, 2022:

"The two entities [Biden Foundation and Beau Biden Foundation] were never related, thus there was no relationship. We received a grant from the organization on December 31, 2020 and have no information regarding the Biden Foundation..."

According to an email sent to CharityWatch by the Beau Biden Foundation Executive Director, Patricia Dailey Lewis, on April 13, 2022:

"The Beau Biden Foundation received a grant from the Biden Foundation on December 31, 2020. There is no ongoing relationship [between the two foundations].

"The Beau Biden Foundation was formed shortly after the May 30, 2015 death of Attorney General Beau Biden. The mission of the Beau Biden Foundation is to protect children and confront abuse– a continuation of Beau Biden's legacy of child protection and child abuse prevention.

"The Beau Biden Foundation has never been related in any way to the Biden Foundation. There has never been any common control or governance, no shared management, employees or office space. The Beau Biden Foundation is in Wilmington, Delaware and the Biden Foundation was in Washington, DC."