The Anne T. and Robert M. Bass Foundation is a private grantmaking foundation that focuses on health, education, and performing arts, mostly in the Fort Worth, Texas, area.
Founders Anne Bass and Robert Bass make large donations to Democratic campaigns and committees, with 133 contributions totaling $3.3M to Democratic and aligned candidates and committees in 2020, but they do so independent of the foundation.
Background
The Anne T. and Robert M Bass Foundation was established in 1985 by Anne and Robert Bass as a private grantmaking foundation. 1 While Anne Bass and Robert Bass regularly donate directly to Democratic campaigns, making 133 contributions totaling $3,353,750 to Democratic candidates and committees in 2020 alone, the foundation is not used for that purpose and cannot be under nonprofit tax law. 2
The foundation funds health, education, and performing arts programs, mostly in the Fort Worth area. 3 It has total assets of $95,223,376. 4 In fiscal year 2019, the foundation showed contributions, gifts, and grants of $6,167,891. 5
Contributions
The Anne T. and Robert M. Bass Foundation regularly makes multi-million-dollar gifts to elite universities. Past gifts include $20 million to Yale University (Robert’s alma mater), $30 million to the Stanford Graduate School of Business, and $50 million to Duke University. 6
In 2019, the foundation contributed to many health and welfare organizations, giving $50,000 each to Presbyterian Night Shelter and Boys and Girls Clubs in Fort Worth, and to cultural institutions, including $4.5 million to Texas Ballet Theater in Fort Worth and $50,000 to the Fort Worth Museum of Science and History. 7
Leadership
Anne Bass is the director and president of the foundation. 8 She is an American philanthropist who is married to billionaire entrepreneur, investor, and philanthropist Robert Bass.
Robert Bass is the director and vice president of the foundation. 9 He is listed at number550 on the Forbes Billionaires 2021 list with an estimated net worth of $5 billion as of August 4, 2021. 10
References
- GuideStar Profile. Anne T. & Robert M. Bass Foundation. Accessed August 3, 2021. https://www.guidestar.org/profile/75-2001892
- Federal Elections Commission – Campaign Finance Data. Search on Robert Bass and/or Anne Bass. Accessed August 4, 2021. https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Anne+Bass&contributor_name=Robert+Bass&contributor_city=Fort+Worth
- Blue Tent – Funding – Robert and Anne Bass. Accessed August 4, 2021. https://bluetent.us/funding/robert-and-anne-bass/
- Anne T. & Robert M. Bass Foundation, Return of a Private Foundation (Form 990-PF), 2019, Part II
- Anne T. & Robert M. Bass Foundation, Return of a Private Foundation (Form 990-PF), 2019, Part I
- Blue Tent – Funding – Robert and Anne Bass. Accessed August 4, 2021. https://bluetent.us/funding/robert-and-anne-bass/
- Anne T. & Robert M. Bass Foundation, Return of a Private Foundation (Form 990-PF), 2019, Part XV
- Anne T. & Robert M. Bass Foundation, Return of a Private Foundation (Form 990-PF), 2019, Part VIII
- Anne T. & Robert M. Bass Foundation, Return of a Private Foundation (Form 990-PF), 2019, Part VIII
- Robert Bass – profile. Forbes Magazine. August 4 2021. Accessed August 4, 2021. https://www.forbes.com/profile/robert-bass/?sh=556c45fb6cff