Lettie Pate Evans Foundation Inc
- Assets
- $71.8m
- Revenue
- $15.0m
- Investments
- $61.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 58-6004644
Organization Overview
Lettie Pate Evans Foundation Inc is located in Atlanta, GA. The organization was established in 2004. 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. Lettie Pate Evans 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, Lettie Pate Evans Foundation Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $25.9m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 4 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, Lettie Pate Evans Foundation Inc has awarded 60 individual grants totaling $128,425,161. 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 |
|---|---|---|---|
James B Williams Trustee- Chair Emeritus | 1 | $6,250 | |
E Jenner Wood III Trustee- Chair | 2 | $6,250 | |
Lawrence L Gellerstedt III Trustee- Vice Chair | 2 | $8,750 | |
David P Stockert Trustee | 1 | $6,250 | |
Lyons Gray Trustee | 1 | $6,250 | |
P Russell Hardin President | 3 | $126,903 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T Rowe Price Associates | 12/30/22 | $61,856 |
Gannett Welsh & Kotler Llc | 12/30/22 | $51,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $163,124 |
| Dividends & Interest | $14,749,931 |
| Net Rental Income | $42,750 |
| Net Gain on Sale of Assets | $26,156 |
| Capital Gain Net Income | $26,156 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,984,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $198,228 |
| Other employee salaries and wages | $59,018 |
| Pension plans, employee benefits | $39,157 |
| Interest | $0 |
| Taxes | $215,000 |
| Depreciation | $373 |
| Occupancy | $15,490 |
| Travel, conferences, and meetings | $3,107 |
| Printing and publications | $93 |
| Other expenses | $13,916 |
| Total operating and administrative expenses | $717,394 |
| Contributions, gifts, grants paid | $25,200,056 |
| Total expenses and disbursements | $25,917,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,660 |
| Savings and temporary cash investments | $9,982,591 |
| 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 | $139,848 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,363 |
| Other assets | $38,186 |
| Total assets | $71,757,609 |
| 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 | $124 |
| Total liabilities | $124 |
Grants Awarded
Over the last fiscal year, Lettie Pate Evans Foundation Inc has awarded $48,200,056 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AGNES SCOTT COLLEGE PURPOSE: $31.8 MILLION CAMPAIGN TO RENOVATE MAIN HALL. | $3,500,000 |
CHEROKEE COUNTY HISTORICAL SOCIETY PURPOSE: $4.2 MILLION CAMPAIGN TO CONSTRUCT THE CHEROKEE COUNTY HISTORY CENTER AND MUSEUM. | $300,000 |
ALL SAINTS ST LUKE'S EPISCOPAL HOME FOR THE RETIRED INC PURPOSE: $7.5 MILLION CAMPAIGN TO ACQUIRE GREENSPACE AND EXPAND CHARITABLE CARE FOR RESIDENTS. | $500,000 |
CHILDREN'S HEALTHCARE OF ATLANTA FOUNDATION PURPOSE: PEDIATRIC MEDICAL RESIDENCY PROGRAM CONDUCTED BY CHILDREN'S IN PARTNERSHIP WITH THE EMORY UNIVERSITY SCHOOL OF MEDICINE. | $7,400,051 |
EPISCOPAL HIGH SCHOOL PURPOSE: CONSTRUCTION OF $18.9 MILLION HEALTH AND WELLNESS CENTER. | $1,000,000 |
HOLY INNOCENTS' EPISCOPAL SCHOOL PURPOSE: $32.5 MILLION CAMPAIGN TO CONSTRUCT NEW UPPER SCHOOL AND LOWER SCHOOL BUILDINGS. | $1,000,000 |