BBVA Foundation
EIN 630823545 Private FoundationAbout
The PNC Financial Service Group, Inc. has acquired BBVA USA. As a result, operations of the BBVA Foundation are being integrated into the PNC Foundation, also a private foundation, pursuant to the Statement of Merger filed with the Pennsylvania Department of State, Bureau of Corporations and Charitable Organizations, effective 6/30/2021. For federal tax purposes, the transaction is described as a Section 507(b)(2) transfer. There is common control between transferor and transferee foundations. BBVA Foundation's remaining net assets at 6/30/2021 are being treated as a grant to PNC Foundation, using expenditure responsibility, although the grant is not being reported as a qualifying distribution.Name, address of recipient:PNC Foundation (EIN: 25-1202255)300 Fifty AvePittsburgh, PA 15212Nature of assets distributed and fair market value:Cash: $1,549,213.11Excise Tax Refund Receivable: $574.00
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2017 | $7.0M | $2.3M | $9.4M | 1 |
| 2019 | $7.9M | $612K | $7.8M | 9 |
| 2021 | $8.0M | $0 | $7.9M | 2 |
Grant Size Distribution
Based on 12 grants on record
Geographic Distribution
Texas Counties Served
Top 4 counties
- 1 Harris
- 2 Travis
- 3 Tarrant
- 4 Cameron
Officers & Directors
Grants Awarded (12 total)
| Purpose | ||||
|---|---|---|---|---|
| See attachment | efiling purposes, AL | $7,045,971 | See attached | 2017 |
| See attachment | efiling purposes, AL | $6,929,081 | See attached | 2019 |
| Grants - see attachment | efiling purposes, AL | $6,494,805 | See attached | 2021 |
| PNC Foundation | Pittsburgh, PA | $1,549,213 | The PNC Financial Service Group, Inc. has acquired BBVA USA. As a result, operations of the BBVA Foundation are... | 2021 |
| Avenue | Houston, TX | $464,000 | Avenue Center | 2019 |
| Houston Zoo Inc | Houston, TX | $150,000 | Keeping Our World Wild: Centennial Campaign for the Houston Zoo | 2019 |
| Ability Housing Inc | Jacksonville, FL | $75,000 | Affordable Housing Sustainability Program | 2019 |
| Foundation Communities Inc | Austin, TX | $75,000 | Affordable Housing Sustainability Program | 2019 |
| The Development Corporation of Tarr | Fort Worth, TX | $75,000 | Affordable Housing Sustainability Program | 2019 |
| Trellis | Phoenix, AZ | $75,000 | Affordable Housing Sustainability Program | 2019 |
| Quality of Life Foundation of Austi | Austin, TX | $48,000 | Opportunity Austin 4.0 | 2019 |
| Community Development Corporation o | Brownsville, TX | $15,000 | CDCB Expansion To Corpus Christi | 2019 |
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