Cousins Foundation Inc
- Assets
- $56.3m
- Revenue
- $6.3m
- Investments
- $53.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1964
- Data as of
- 12/2020
- EIN
- 58-6043765
Organization Overview
Cousins Foundation Inc is located in Atlanta, GA. The organization was established in 1964. 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. Cousins 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 12/2020, Cousins Foundation Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $5.0m during the year ending 12/2020. While expenses have increased by 5.3% per year over the past 3 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, Cousins Foundation Inc has awarded 89 individual grants totaling $9,671,944. 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 |
|---|---|---|---|
Lillian C Giornelli President/trustee | 0 | $0 | |
William C Wren Vice President/trustee | 0 | $0 | |
Grady Cousins Trustee | 0 | $0 | |
Ann D Cousins Trustee | 0 | $0 | |
Thomas G Cousins Trustee | 0 | $0 | |
Tiffany Padolsky Asst. Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,276,814 |
| Interest on Savings | $894,307 |
| Dividends & Interest | $419,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,882,578 |
| Capital Gain Net Income | $2,882,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $816,510 |
| Total Revenue | $6,289,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $169,482 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $983,111 |
| Total operating and administrative expenses | $1,162,591 |
| Contributions, gifts, grants paid | $3,851,944 |
| Total expenses and disbursements | $5,014,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,492 |
| Savings and temporary cash investments | $2,739,834 |
| 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 | $191,503 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,199,155 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,285,207 |
| Accounts payable and accrued expenses | $6,355 |
| Grants payable | $2,615,000 |
| 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 | $2,621,355 |
Grants Awarded
Over the last fiscal year, Cousins Foundation Inc has awarded $3,205,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA FOUNDATION PURPOSE: GENERAL PURPOSE | $1,250,000 |
OGELTHORPE UNIVERSITY PURPOSE: GENERAL PURPOSE | $600,000 |
OGELTHORPE UNIVERSITY PURPOSE: GENERAL PURPOSE | $200,000 |
HOBE SOUND COMMUNITY CHEST INC PURPOSE: GENERAL PURPOSE | $150,000 |
THE SALVATION ARMY METRO-ATLANTA PURPOSE: GENERAL PURPOSE | $100,000 |
THE SALVATION ARMY METRO-ATLANTA PURPOSE: GENERAL PURPOSE | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cousins Foundation Inc has recieved totaling $625,000.
| Awarding Organization | Amount |
|---|---|
Nonami Foundation Inc Atlanta, GA PURPOSE: CHARITY | $625,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |