Cf Foundation Inc
- Assets
- $64.1m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Atlanta, GA
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 58-1743909
Organization Overview
Cf Foundation Inc is located in Atlanta, GA. The organization was established in 1988. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Cf Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cf Foundation 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 12/2022, Cf Foundation Inc generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $12.1m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 5 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 2020, Cf Foundation Inc has awarded 50 individual grants totaling $19,106,600. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED & OPERATED TO SUPPORT THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, INC.
Describe the Organization's Program Activity:
THE C F FOUNDATION, INC DONATES MONEY TO CHARITIES THAT ARE QUALIFIED TO BE SUPPORTED BY THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, INC.
THE C F FOUNDATION, INC SEEKS TO INVEST IN THE DEVELOPMENT OF NEW MODELS OF SOCIAL SERVICE FOR A NEW CENTURY. THE FOUNDATION SEEKS TO SUPPORT ORGANIZATIONS AND ENCOURAGE INITIATIVES:-WHOSE MISSION IS TO CREATE AND SUSTAIN SOCIAL INNOVATION.-THAT ATTACK THE UNDERLYING CAUSES OF PROBLEMS, RATHER THAN SIMPLY TREATING SYMPTOMS SO THAT NEEDS ARE REDUCED NOT JUST MET.-WHOSE IMPACT IS SUSTAINABLE AND MEASURABLE.THE PRIMARY TARGET AREAS FOR INVESTMENT ARE: COMMUNITY DEVELOPMENT IN THE EAST LAKE NEIGHBORHOOD OF ATLANTA GEORGIA; PROGRAMS THAT SUPPORT AND ENCOURAGE INDIVIDUALS WHO HAVE COMMITTED THEMSELVES TO MINISTRY THROUGH EITHER PASTORAL OR SOCIAL WORK; THE ENCOURAGEMENT AND DEVELOPMENT OF FUTURE SOCIAL ENTREPRENEURS - THE NEXT GENERATION OF INNOVATORS WHO ARE COMMITTED TO ADDRESSING SOCIAL CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas G Cousins Director | Trustee | 1 | $0 |
Tom Charlesworth Director | Trustee | 1 | $0 |
Shirley Franklin Director | Trustee | 1 | $0 |
Lillian C Giornelli Officer/director | OfficerTrustee | 24 | $0 |
George Wirth Director | Trustee | 1 | $0 |
William C Wren Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,935,092 |
| Noncash contributions included in lines 1a–1f | $162,091 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,935,092 |
| Total Program Service Revenue | $0 |
| Investment income | $2,027,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,046,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,377,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,825,225 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,139 |
| Fees for services: Accounting | $58,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,493 |
| Fees for services: Other | $2,375 |
| Advertising and promotion | $0 |
| Office expenses | $6,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,815 |
| Travel | $6,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,059 |
| Insurance | $50,933 |
| All other expenses | $93,947 |
| Total functional expenses | $12,087,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,247 |
| Savings and temporary cash investments | $4,535,559 |
| Pledges and grants receivable | $7,533,692 |
| Accounts receivable, net | $86,771 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $481,838 |
| Investments—publicly traded securities | $40,230,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,751,947 |
| Total assets | $64,127,102 |
| Accounts payable and accrued expenses | $43,376 |
| Grants payable | $127,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $4,192 |
| Total liabilities | $175,068 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $63,952,034 |
| Total liabilities and net assets/fund balances | $64,127,102 |
Grants Awarded
Over the last fiscal year, Cf Foundation Inc has awarded $9,793,925 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DREW CHARTER SCHOOL PURPOSE: GENERAL SUPPORT | $104,781 |
EAST LAKE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,513,944 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $422,500 |
GROVE PARK FOUNDATION PURPOSE: GENERAL SUPPORT | $300,000 |
MACEDONIAN MINISTRY FOUNDATION PURPOSE: GENERAL SUPPORT | $1,702,000 |
PURPOSE BUILT SCHOOLS ATLANTA PURPOSE: GENERAL SUPPORT | $300,000 |