The Savannah Community Foundation Inc
- Assets
- $56.0m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 06/1956
- Data as of
- 06/2023
- 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 06/2023, Savannah Community Foundation Inc generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $7.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Savannah Community Foundation Inc has awarded 840 individual grants totaling $32,262,967. 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
2023
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 |
|---|---|---|---|
Jennifer Abshire Director | Trustee | 1 | $0 |
Timothy S Blanco Director | Trustee | 1 | $0 |
Stephen S Leonard CPA Immediate Pa | OfficerTrustee | 1 | $0 |
Gennie G Long ESQ Director | Trustee | 1 | $0 |
Larry Sprague ESQ Director | Trustee | 1 | $0 |
Robert L Mccorkle III ESQ Vice Preside | OfficerTrustee | 2 | $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 | $4,818,174 |
| Noncash contributions included in lines 1a–1f | $2,383,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,818,174 |
| Total Program Service Revenue | $0 |
| Investment income | $1,498,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,259,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,923,224 |
| 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 | $202,708 |
| Fees for services: Legal | $42,015 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $221,932 |
| Fees for services: Other | $22,695 |
| 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 | $6,376 |
| All other expenses | $319 |
| Total functional expenses | $7,467,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,062 |
| Savings and temporary cash investments | $5,170,480 |
| 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 | $20,901 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $50,406,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,036,701 |
| 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 | $56,036,701 |
| 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 | $56,036,701 |
Grants Awarded
Over the last fiscal year, The Savannah Community Foundation Inc has awarded $6,579,452 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
PARKER'S COMMUNITY FUND PURPOSE: FINANCIAL SUPPORT | $2,034,477 |
UNITED WAY OF THE COASTAL EMPIRE I PURPOSE: FINANCIAL SUPPORT | $442,700 |
AMERICA'S SECOND HARVEST OF COASTAL PURPOSE: FINANCIAL SUPPORT | $482,124 |
THARROS PLACE INC PURPOSE: FINANCIAL SUPPORT | $442,400 |
TELFAIR MUSEUMS PURPOSE: FINANCIAL SUPPORT | $261,350 |
SAVANNAH COUNTRY DAY SCHOOL PURPOSE: FINANCIAL SUPPORT | $237,350 |