The Community Foundation For Greater Atlanta Inc is located in Atlanta, GA. The organization was established in 1977. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation For Greater Atlanta Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Greater Atlanta Inc 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 12/2021, Community Foundation For Greater Atlanta Inc generated $352.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $143.0m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Foundation For Greater Atlanta Inc has awarded 9,097 individual grants totaling $920,050,588. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND LEAD OUR REGION TOWARD EQUITY AND SHARED PROSPERITY FOR ALL.
Describe the Organization's Program Activity:
PHILANTHROPIC SERVICES - SEE SCHEDULE O FOR COMPLETE DESCRIPTION.THE COMMUNITY FOUNDATION IS OUR REGION'S STEWARD OF THE LONG-TERM PHILANTHROPIC ASSETS THAT ARE ENTRUSTED TO US FOR THE FUTURE OF GREATER ATLANTA. IN 2021, OUR TOTAL ASSETS WERE $1.3 BILLION.WE DISTRIBUTED OVER $129 MILLION IN GRANTS AND SUPPORT IN 2021. THAT REPRESENTS 11,000 GRANTS AWARDED TO OVER 3,300 NONPROFITS LOCALLY, NATIONALLY AND INTERNATIONALLY. OF THESE GRANTS, OVER 68% STAYED WITHIN OUR 23-COUNTY METRO ATLANTA REGION. GRANTS WERE MADE TO 31 ISSUE AREAS, THE TOP THREE BEING EDUCATION, ARTS/CULTURE/ HUMANITIES AND HUMAN SERVICES, FOCUSED ON MEETING NEEDS DURING THE DUAL PANDEMICS FOR HEALTH AND SOCIAL JUSTICE. OUR ORGANIZATION DISTRIBUTED 10% OF OUR TOTAL ASSETS THROUGH GRANTMAKING IN 2021.OUR GENEROUS DONORS MAKE OUR WORK POSSIBLE. WE RECEIVED MORE THAN $135 MILLION IN GIFTS IN 2021 AND ESTABLISHED 40 NEW FUNDS. OUR MOST POPULAR GIVING VEHICLE IS THE DONOR-ADVISED FUND. IN 2021, 71% OF OUR TOTAL GRANTS WERE MADE THROUGH DONOR-ADVISED FUNDS.
COMPETITIVE GRANTS - SEE SCHEDULE O FOR COMPLETE DESCRIPTIONTHE FOUNDATION AWARDS GRANTS THROUGH BOTH COMPETITIVE AND NON-COMPETITIVE CHANNELS. THE GREATEST NUMBER OF GRANTS ARE AWARDED THROUGH NON-COMPETITIVE CHANNELS, SUCH AS DONOR-ADVISED FUNDS, WHERE GRANT INVESTMENTS ARE RECOMMENDED BY THE DONOR OR FUND ADVISOR OFTEN WITH THE GUIDANCE OF HIS OR HER PHILANTHROPIC ADVISOR. IN 2016, THE COMMUNITY FOUNDATION BEGAN EXPLORING THE DEVELOPMENT OF A PROGRAM DESIGNED TO CLOSE THE OPPORTUNITY GAP IN THE THOMASVILLE HEIGHTS COMMUNITY IN SOUTHEAST ATLANTA. BEGUN BY OUR DONORS WHO EVENTUALLY BECAME KNOWN AS THE SPARK OPPORTUNITY GIVING CIRCLE, THEIR COLLECTIVE GRANTMAKING, EDUCATION OF THE ISSUES AND PLACE-BASED FOCUS HAS BEEN A CATALYST FOR ADDITIONAL INVESTMENTS FROM THEIR DONOR-ADVISED FUNDS. OUR IMPACT STRATEGY INCLUDES GRANTMAKING, STRATEGIC NONPROFIT PARTNERSHIPS, POLICY ADVOCACY AND THRIVE THOMASVILLE, A RESIDENT-LED COUNCIL THAT DIRECTS FUNDING TO COMMUNITY-DESIGNED PROJECTS. THRIVE BUILDS ON NEIGHBORHOOD STRENGTHS AND ENABLES COMMUNITY-LED STRATEGIES TO DEVELOP AND ADDRESS NEIGHBORHOOD NEEDS BY THE RESIDENTS WHO CALL IT HOME.IN 2021, THE PLACE-BASED GIVING FOCUS IN THOMASVILLE HEIGHTS SHIFTED TO ADDRESS THE SHORT-TERM AND IMMEDIATE NEEDS OF THE THOMASVILLE HEIGHTS COMMUNITY, SUCH AS HOUSING, FOOD INSECURITY AND EMERGENCY FUNDS. WE ALSO ANNOUNCED OUR PLANS FOR TOGETHERATL, OUR NEW STRATEGIC PLAN BEGINNING IN JANUARY OF 2022, THAT WILL MOVE PLACE-BASED STRATEGIES TO THE FOREFRONT.
COMMUNITY LEADERSHIP AND INITIATIVES - SEE SCHEDULE O FOR COMPLETE DESCRIPTION.THROUGHOUT 2021, THE RIPPLE EFFECT OF COVID-19 MADE ITS WIDESPREAD IMPACT ON THE ATLANTA REGION. CHILDREN CONTINUED WITH HYBRID-AT-BEST SCHOOL OPTIONS, BUSINESSES PERMANENTLY CLOSED, LIVE PERFORMANCES WERE SHUTTERED AND WORKERS WERE BEING LAID OFF. OUR PARTNERSHIP WITH UNITED WAY OF GREATER ATLANTA CONTINUED, ULTIMATELY RAISING, COLLECTING AND DISPERSING $30 MILLION IN FUNDS FOR THE GREATER ATLANTA COVID-19 RESPONSE AND RECOVERY FUND, WHILE TAKING NO FEES FOR THE WORK. SUPPORTED BY DOLLARS FROM PHILANTHROPY, GOVERNMENT AND CORPORATE PARTNERS, THE COVID-19 FUND RECEIVED DONATIONS FROM THOUSANDS OF INDIVIDUALS, FOUNDATIONS AND CORPORATIONS. THE COMMUNITY NEEDS CONTINUED TO EVOLVE AS THE PANDEMIC ISSUED ITS TOIL. WHILE INITIAL GRANTS WERE FOCUSED ON PROVIDING CRUCIAL SERVICES AT A HIGH SCALE TO HIGH-RISK AUDIENCES INCLUDING SENIORS AND FAMILIES WITH CHILDREN.2021 EVIDENCE SHOWED SPECIFIC POPULATIONS DISPROPORTIONATELY IMPACTED BLACK, LATINX, UNDOCUMENTED AND IMMIGRANT POPULATIONS. AS THE SITUATION IN OUR COMMUNITY EVOLVED, THE FUND PIVOTED TO ADDRESS RAPIDLY CHANGING NEEDS, SUCH AS SMALL BUSINESS SUPPORT AND MENTAL HEALTH. DURING 2020 AND 2021, THE COVID-19 FUND MOBILIZED $28.2 MILLION TO BENEFIT 478 NONPROFITS IN ATLANTA. THIS PROGRAM WAS AMPLIFIED BY OUR 900+ DONORS FAMILIES, WHO GAVE IN EXCESS OF $100 MILLION TO NONPROFITS THE COMMUNITY FOUNDATION RECOMMENDED WHO WERE ON THE FRONT LINES OF THE PANDEMIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frank Fernandez President | Officer | 39.8 | $454,047 |
Diana Champ Davis CFO | Officer | 39 | $356,307 |
Terry Mazany VP Philanthropy | Officer | 40 | $272,811 |
Kenneth Zeff Exec. Dir., Learn4life | 40 | $237,186 | |
Judith Elyse Hammett VP Of Marketing & Communications | Officer | 40 | $180,399 |
Mary Cernilli Director, Investments | 40 | $163,796 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Silchester Investment Management Services | 12/30/21 | $254,721 |
Atlanta Regional Commission Consulting Services | 12/30/21 | $188,650 |
Crewcial Partners Investment Management Services | 12/30/21 | $183,297 |
Leapfrog Services Inc It/software Service | 12/30/21 | $170,341 |
Broadridge Matrix Trust Company Investment Management Services | 12/30/21 | $190,797 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $550,000 |
Government grants | $786,672 |
All other contributions, gifts, grants, and similar amounts not included above | $252,794,649 |
Noncash contributions included in lines 1a–1f | $188,193,480 |
Total Revenue from Contributions, Gifts, Grants & Similar | $254,131,321 |
Total Program Service Revenue | $1,053,974 |
Investment income | $18,778,572 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $78,776,829 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $352,758,843 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $118,169,192 |
Grants and other assistance to domestic individuals. | $10,211,743 |
Grants and other assistance to Foreign Orgs/Individuals | $403,500 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,390,924 |
Compensation of current officers, directors, key employees. | $658,785 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,763,430 |
Pension plan accruals and contributions | $121,669 |
Other employee benefits | $637,029 |
Payroll taxes | $329,321 |
Fees for services: Management | $0 |
Fees for services: Legal | $74,074 |
Fees for services: Accounting | $108,145 |
Fees for services: Lobbying | $18,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,393,160 |
Fees for services: Other | $1,458,571 |
Advertising and promotion | $322,555 |
Office expenses | $136,536 |
Information technology | $409,080 |
Royalties | $0 |
Occupancy | $496,615 |
Travel | $33,697 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $89,075 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $78,424 |
Insurance | $68,888 |
All other expenses | $0 |
Total functional expenses | $143,013,773 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,760,367 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $120,252,805 |
Accounts receivable, net | $2,793,269 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $11,750,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $104,809 |
Net Land, buildings, and equipment | $697,946 |
Investments—publicly traded securities | $868,237,542 |
Investments—other securities | $316,825,300 |
Investments—program-related | $3,943,477 |
Intangible assets | $0 |
Other assets | $836,069 |
Total assets | $1,342,201,584 |
Accounts payable and accrued expenses | $4,669,635 |
Grants payable | $35,188,490 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $12,713,973 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $7,429,557 |
Total liabilities | $60,001,655 |
Net assets without donor restrictions | $1,251,375,412 |
Net assets with donor restrictions | $30,824,517 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,342,201,584 |
Over the last fiscal year, The Community Foundation For Greater Atlanta Inc has awarded $116,060,665 in support to 1,320 organizations.
Grant Recipient | Amount |
---|---|
Atlanta, GA PURPOSE: EDUCATION | $6,120,719 |
Atlanta, GA PURPOSE: EDUCATION | $5,034,626 |
Atlanta, GA PURPOSE: PHILANTHROPY/VOLUNTARISM | $2,810,726 |
FIRST PRESBYTERIAN CHURCH OF ATLANTA PURPOSE: RELIGION-RELATED | $2,464,237 |
Atlanta, GA PURPOSE: HEALTH CARE | $2,000,000 |
Atlanta, GA PURPOSE: EDUCATION | $1,771,272 |
Over the last fiscal year, we have identified 47 grants that The Community Foundation For Greater Atlanta Inc has recieved totaling $31,222,182.
Awarding Organization | Amount |
---|---|
Joseph B Whitehead Foundation Atlanta, GA PURPOSE: FOR THE JOSEPH B. WHITEHEAD FUND TO SUPPORT ACHIEVE ATLANTA AND CHILD WELL-BEING. | $20,000,043 |
Bobbie Bailey Foundation Inc Tucker, GA PURPOSE: PHILANTHROPIC | $4,999,262 |
Zeist Foundation Inc Atlanta, GA PURPOSE: COMMUNITY DEVELOPMENT | $1,212,500 |
Asian Americans Advancing Justice -Aajc Inc Washington, DC PURPOSE: ANTI-ASIAN VIOLENCE | $700,000 |
Dechomai Asset Trust Jacksonville, FL PURPOSE: unrestricted | $644,713 |
The Sara And Fred Hoyt Charitable Trust Dtd 121696 Atlanta, GA PURPOSE: HUMANITARIAN | $450,000 |
Organization Name | Assets | Revenue |
---|---|---|
Foundation For The Carolinas Charlotte, NC | $2,909,768,326 | $770,296,528 |
Community Foundation Of Greater Memphis Inc Memphis, TN | $924,315,630 | $239,424,580 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA | $1,342,201,584 | $352,758,843 |
Winston-Salem Foundation Winstonsalem, NC | $588,201,555 | $114,585,898 |
The Community Fdn Of Middle Tn Inc Nashville, TN | $564,381,158 | $154,729,330 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |