Ray C Anderson Foundation Inc
- Assets
- $43.7m
- Revenue
- $3.8m
- Investments
- $42.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 58-1867303
Organization Overview
Ray C Anderson Foundation Inc is located in Atlanta, GA. The organization was established in 1991. 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. Ray C Anderson 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 12/2023, Ray C Anderson Foundation Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ray C Anderson Foundation Inc has awarded 328 individual grants totaling $29,288,682. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Anne Anderson Lanier Trustee, President/treasurer | 5 | $0 | |
John Anderson Lanier Trustee Ex-Officio, Executive Director | 40 | $216,000 | |
Harriet Anderson Langford Trustee | 5 | $0 | |
A Phillip Langford Trustee | 5 | $0 | |
James A Lanier Jr Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stifel Nicolaus & Company | 12/30/23 | $255,225 |
Northwestern Mutual Investment Services | 12/30/23 | $83,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $726,264 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,094,734 |
| Capital Gain Net Income | $3,082,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,820,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $216,000 |
| Other employee salaries and wages | $260,023 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,111 |
| Depreciation | $192 |
| Occupancy | $108,526 |
| Travel, conferences, and meetings | $60,818 |
| Printing and publications | $0 |
| Other expenses | $747,047 |
| Total operating and administrative expenses | $1,873,930 |
| Contributions, gifts, grants paid | $4,305,415 |
| Total expenses and disbursements | $6,179,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,336 |
| Savings and temporary cash investments | $1,410,048 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,053 |
| Other assets | $0 |
| Total assets | $43,695,347 |
| Accounts payable and accrued expenses | $6,608 |
| 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 | $6,608 |
Grants Awarded
Over the last fiscal year, Ray C Anderson Foundation Inc has awarded $4,305,415 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA TECH RAY C ANDERSON CENTER FOR SUSTAINABLE BUSINESS PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $750,000 |
MZC FOUNDATION (DBA THE RAY) PURPOSE: GRAY NOTE GRANT - COMMITTED TO $1,250,000 ANNUALLY FOR FIVE YEARS, FROM 2022 THROUGH 2026 | $250,000 |
MZC FOUNDATION (DBA THE RAY) PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $250,000 |
MZC FOUNDATION (DBA THE RAY) PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $500,000 |
MZC FOUNDATION (DBA THE RAY) PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $250,000 |
THE BIOMIMICRY INSTITUTE PURPOSE: GRAY NOTE GRANT - $500,000 OF DIRECT SUPPORT & $150,000 FOR PASS THROUGH TO RAY OF HOPE PRIZE WINNERS. | $650,000 |