Joseph B Whitehead Foundation
- Assets
- $148.3m
- Revenue
- $58.2m
- Investments
- $127.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/1945
- Data as of
- 12/2021
- EIN
- 58-6001954
Organization Overview
Joseph B Whitehead Foundation is located in Atlanta, GA. The organization was established in 1945. 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. Joseph B Whitehead 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 12/2021, Joseph B Whitehead Foundation generated $58.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $72.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joseph B Whitehead Foundation has awarded 170 individual grants totaling $241,411,742. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
P Russell Hardin President | 8 | $114,351 | |
Erik S Johnson Vice President & Secretary | 8 | $62,342 | |
Eli P Niepoky Treasurer | 8 | $38,667 | |
E Jenner Wood III Trustee- Chair | 3 | $35,000 | |
James B Williams Trustee- Chair Emeritus | 1 | $25,000 | |
Lawrence L Gellerstedt III Trustee | 1 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gannett Welsh & Kotler Llc | 12/30/21 | $112,198 |
T Rowe Price Associates | 12/30/21 | $88,524 |
Truist | 12/30/21 | $71,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,403 |
| Dividends & Interest | $50,884,781 |
| Net Rental Income | $42,750 |
| Net Gain on Sale of Assets | $7,215,661 |
| Capital Gain Net Income | $7,215,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,163,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,360 |
| Other employee salaries and wages | $190,783 |
| Pension plans, employee benefits | $118,778 |
| Interest | $0 |
| Taxes | $875,000 |
| Depreciation | $1,281 |
| Occupancy | $49,609 |
| Travel, conferences, and meetings | $7,972 |
| Printing and publications | $331 |
| Other expenses | $40,210 |
| Total operating and administrative expenses | $1,930,110 |
| Contributions, gifts, grants paid | $70,200,626 |
| Total expenses and disbursements | $72,130,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,733 |
| Savings and temporary cash investments | $20,526,998 |
| 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 | $71,143 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,959 |
| Other assets | $109,672 |
| Total assets | $148,285,590 |
| 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 | $844 |
| Total liabilities | $844 |
Grants Awarded
Over the last fiscal year, Joseph B Whitehead Foundation has awarded $80,638,126 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: FOR THE JOSEPH B. WHITEHEAD FUND TO SUPPORT ACHIEVE ATLANTA AND CHILD WELL-BEING. | $20,000,043 |
Atlanta, GA PURPOSE: PRIORITY INITIATIVES OF SMART START TO IMPROVE THE QUALITY AND ACCESSIBILITY OF EARLY CHILDHOOD EDUCATION IN METRO ATLANTA. | $10,811,051 |
Atlanta, GA PURPOSE: PRIORITY INITIATIVES OF THE REGIONAL COMMISSION ON HOMELESSNESS. | $6,000,000 |
Atlanta, GA PURPOSE: IMPLEMENTATION OF THE MARCUS AUTISM CENTER'S STRATEGIC PLAN TO FOCUS ON THE EARLY DIAGNOSIS AND TREATMENT OF AUTISM. | $5,000,032 |
MERCY CARE FOUNDATION PURPOSE: EXPANSION OF DECATUR STREET CLINIC TO MEET INCREASED DEMAND FOR SERVICES. | $4,000,000 |
YMCA OF METROPOLITAN ATLANTA PURPOSE: OPERATING SUPPORT TO MAINTAIN SERVICES DURING THE COVID-19 PANDEMIC. | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |