Donald And Marilyn Keough Foundation
- Assets
- $105.5m
- Revenue
- $20.0m
- Investments
- $89.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1987
- Data as of
- 12/2022
- EIN
- 58-1709967
Organization Overview
Donald And Marilyn Keough Foundation is located in Atlanta, GA. 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. Donald And Marilyn Keough 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 12/2022, Donald And Marilyn Keough Foundation generated $20.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $10.2m during the year ending 12/2022. While expenses have increased by 41.8% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Foundation Manager | 3 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Investment Management Llc | 12/30/22 | $460,397 |
Merrill Lynch | 12/30/22 | $158,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000,000 |
| Interest on Savings | $138,995 |
| Dividends & Interest | $2,041,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,900,425 |
| Capital Gain Net Income | $2,879,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$93,387 |
| Total Revenue | $19,987,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $36,238 |
| Pension plans, employee benefits | $0 |
| Interest | $26,075 |
| Taxes | $104,962 |
| Depreciation | $0 |
| Occupancy | $106,038 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,851 |
| Total operating and administrative expenses | $1,085,708 |
| Contributions, gifts, grants paid | $9,116,000 |
| Total expenses and disbursements | $10,201,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,868,125 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,177,790 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $60,000 |
| Total assets | $105,530,241 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Donald And Marilyn Keough Foundation has awarded $2,074,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
2018 GRANTS - ART PURPOSE: GENERAL | $429,400 |
2018 GRANTS PURPOSE: GENERAL | $1,645,000 |