The Savannah Community Foundation Inc
- Assets
- $54.2m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 06/1956
- Data as of
- 06/2022
- EIN
- 58-6033468
Organization Overview
The Savannah Community Foundation Inc is located in Savannah, GA. The organization was established in 1956. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Savannah Community 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 06/2022, Savannah Community Foundation Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Savannah Community Foundation Inc has awarded 752 individual grants totaling $25,683,515. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SAVANNAH COMMUNITY FOUNDATION BENEFITS DONORS, DONEES, AND THE COMMUNITY BY PROVIDING A SAFE, SIMPLE, INEXPENSIVE, AND TAX EFFICIENT VEHICLE FOR PHILANTHROPIC CAPITAL ACCUMULATION, INVESTMENT AND DISTRIBUTION TO PUBLIC CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS MADE TO EXEMPT RELIGIOUS, CHARITABLE, OR EDUCATIONAL ORGANIZATIONS FROM DISCRETIONARY AND OTHER FUNDS HELD BY THE COMMUNITY FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen S Leonard CPA Board Chair | OfficerTrustee | $0 | |
Robert L Mccorkle III ESQ Treasurer | OfficerTrustee | $0 | |
John C Helmken II Assistant Tr | OfficerTrustee | $0 | |
Philip Solomons Jr Vice Preside | OfficerTrustee | $0 | |
Frank S Macgill Immediate Pa | OfficerTrustee | $0 | |
Michael C Traynor Secretary | OfficerTrustee | $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 | $7,447,659 |
| Noncash contributions included in lines 1a–1f | $1,739,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,447,659 |
| Total Program Service Revenue | $0 |
| Investment income | $1,229,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,320,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,998,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,063,335 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $198,733 |
| Fees for services: Legal | $159,695 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $240,394 |
| Fees for services: Other | $4,244 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,893 |
| All other expenses | $319 |
| Total functional expenses | $6,713,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,972 |
| Savings and temporary cash investments | $5,728,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $48,184,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,173,792 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $54,173,792 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $54,173,792 |
Grants Awarded
Over the last fiscal year, The Savannah Community Foundation Inc has awarded $5,754,543 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
Rincon, GA PURPOSE: FINANCIAL SUPPORT | $1,010,000 |
Savannah, GA PURPOSE: FINANCIAL SUPPORT | $548,668 |
Savannah, GA PURPOSE: FINANCIAL SUPPORT | $426,900 |
Savannah, GA PURPOSE: FINANCIAL SUPPORT | $348,025 |
Savannah, GA PURPOSE: FINANCIAL SUPPORT | $272,200 |
Savannah, GA PURPOSE: FINANCIAL SUPPORT | $262,450 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Savannah Community Foundation Inc has recieved totaling $28,960.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $12,000 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $6,510 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,550 |
John And Emma Derst Foundation Inc Savannah, GA PURPOSE: FOR FURTHERANCE OF ITS CHARITABLE PURPOSE | $4,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
Childrens Healthcare Charity Inc Palm Beach Gardens, FL | $5,074,981 | $9,745,793 |
Don And Angie Seta Foundation Boca Raton, FL | $0 | $7,457,065 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
National Cancer Assistance Foundation Inc Daytona Beach, FL | $587,584 | $4,501,111 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
The Ironman Foundation Inc Tampa, FL | $9,463,048 | $2,918,187 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Norcross Foundation Inc Jacksonville, FL | $12,948,336 | $5,280,220 |