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Buckingham Foundation Inc

EIN 20-2825177 · Indianapolis, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak27 out of 100GovernanceFair58 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FOUNDATION'S PRIMARY MISSION IS TO SERVE A CRITICAL ROLE TO PROACTIVELY INITIATE POSITIVE CHANGE IN THE AREAS OF AFFORDABLE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT, AND ARTS AND CULTURE. THE FOUNDATION IS FOCUSED ON OPPORTUNITIES WHICH PROMOTE LONG TERM SUSTAINABILITY, SUPPORT INNOVATION, AND LEVERAGE SIGNIFICANT IMPACT.

Income
$5.6 million
Spending
$7.3 million
Spent on programs
96%
Reserves
-26.2 months of spending
Largest source of income
fees for its services, 87%
Employees
1
Volunteers
5

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 27 out of 100. Higher than 1% of charities in its peer group (philanthropy, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 86% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 29% of income.

  • Income trend

    10 of 15

    Income fell 1% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 58 out of 100. Higher than 13% of charities in its peer group (philanthropy, $1m to $10m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $3.0 million spent. BRADFORD RUN PROVIDED 292 APARTMENT UNITS RANGING FROM 676 TO 1,480 SQUARE FEET FOR RENT TO LOW INCOME FAMILIES IN KOKOMO, IN. SECTION 8 VOUCHERS ARE ACCEPTED.
  2. $1.9 million spent. SOMERSET APARTMENTS PROVIDED 121 APARTMENT UNITS WITH AN AVERAGE UNIT SIZE OF 1115 SQUARE FEET FOR RENT TO LOW INCOME FAMILIES IN MARION, INDIANA.
  3. $962,160 spent. BUCKINGHAM FOUNDATION MADE GRANTS TO 54 PUBLIC CHARITIES. PROMULGATED, SUPPORTED AND ENCOURAGED DEVELOPMENT, OPERATIONS AND SERVICES ASSOCIATED WITH THE PROVISION OF SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
  4. $995,242 spent. AUTUMN OAKS APARTMENTS PROVIDED 72 APARTMENT UNITS WITH AN AVERAGE UNIT SIZE OF 860 SQUARE FEET FOR RENT TO LOW INCOME FAMILIES IN NEW CASTLE, INDIANA.
  5. $4,406 spent. FOSTERS LANDING APARTMENTS WAS A PROPERTY OWNED BY THE FOUNDATION AND SOLD IN 2022. THE ENTITY STILL HOLDS A NOTE RECEIVABLE VIA SELLER FINANCING AND RECIEVES INTEREST INCOME ON THE THE NOTE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.