The Montag Family Foundation
- Assets
- $0.0
- Revenue
- $102.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 04/1987
- Data as of
- 06/2020
- EIN
- 56-1546268
Organization Overview
The Montag Family Foundation is located in Hilton Head Island, SC. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montag Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Montag Family Foundation generated $102.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $47.1k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Montag Director | 1 | $0 | |
Jeffrey G Vaughan Director | 1 | $0 | |
Emily Vaughan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $960 |
| Interest on Savings | $91 |
| Dividends & Interest | $4,061 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $4,679 |
| Contributions, gifts, grants paid | $42,444 |
| Total expenses and disbursements | $47,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Montag Family Foundation has awarded $33,511 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
SAVANNAH JEWISH FEDERATION PURPOSE: HUMANITARIAN | $15,000 |
Savannah, GA PURPOSE: TO PROMOTE THE ARTS | $3,275 |
AGUDATH ACHIM SYNAGOGUE PURPOSE: CHARITABLE | $3,000 |
Savannah, GA PURPOSE: HUMANITARIAN | $2,500 |
TEMPLE ISRAEL PURPOSE: CHARITABLE | $2,000 |
CONGREATION BETH YAM PURPOSE: CHARITABLE | $1,563 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC | $82,949,220 | $9,210,244 |
The Peyton Anderson Foundation Inc Macon, GA | $85,371,883 | $13,633,354 |
The Springs Close Foundation Inc Fort Mill, SC | $40,896,237 | $10,062,453 |
Albemarle Foundation Charlotte, NC | $33,633,920 | $20,497,587 |
Donald And Marilyn Keough Foundation Atlanta, GA | $98,883,521 | $27,525,361 |
Wilbur And Hilda Glenn Family Foundaition Atlanta, GA | $96,293,914 | $6,644,438 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC | $134,122,083 | $44,728,639 |
Trailsend Foundation Atlanta, GA | $118,817,898 | $16,686,920 |