Community Foundation Of Greater Chattanooga Inc

Organization Overview

Community Foundation Of Greater Chattanooga Inc is located in Chattanooga, TN. The organization was established in 1965. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Greater Chattanooga Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Chattanooga 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 12/2021, Community Foundation Of Greater Chattanooga Inc generated $52.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $26.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Community Foundation Of Greater Chattanooga Inc has awarded 2,473 individual grants totaling $38,802,411. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE GIVING AND ENCOURAGE ACTION TO IMPROVE LIVES IN THE GREATER CHATTANOOGA AREA.

Describe the Organization's Program Activity:

PROVIDING SCHOLARSHIPS AND FUNDS FOR AREA BEAUTIFICATION, DOWNTOWN DEVELOPMENT, HEALTH RELATED ISSUES, CIVIC AND CULTURAL IMPROVEMENTS, AND EDUCATIONAL AND HUMANITARIAN PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Maeghan Jones
President
$188,103
Ansley Moses
Secretary
$0
Julie Stowe
Ex-Officio
$0
Dr Dave Bhattacharya
Director
$0
Barry Large
Director
$0
Dallas Joseph
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $725,908
All other contributions, gifts, grants, and similar amounts not included above$37,636,648
Noncash contributions included in lines 1a–1f $15,840,508
Total Revenue from Contributions, Gifts, Grants & Similar$38,362,556
Total Program Service Revenue$0
Investment income $2,669,765
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,847,182
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $52,106,763

Grants Awarded

Over the last fiscal year, Community Foundation Of Greater Chattanooga Inc has awarded $20,174,212 in support to 670 organizations.

Grant RecipientAmount

COMMUNITY FOUNDATION OF CLEVELAND AND BRADLEY COUNTY

Org PageRecipient Profile

Cleveland, TN

PURPOSE: JACK MCKEE DONOR ADVISED FUND

$500,000

COMMUNITY FOUNDATION OF NORTHWEST GEORGIA INC

Org PageRecipient Profile

Dalton, GA

PURPOSE: JACK MCKEE DONOR ADVISED FUND

$500,000

THE ENTERPRISE CENTERTECH GOES HOME CHATTANOOGA

Org PageRecipient Profile

Chattanooga, TN

PURPOSE: SMART CITY STUDENT CONNECTIVITY PROJECT

$500,000

TOWN OF SIGNAL MOUNTAIN

PURPOSE: READING ROOM CONSTRUCTION SERVICES

$500,000

SWEET BRIAR INSTITUTE

Org PageRecipient Profile

Sweet Briar, VA

PURPOSE: UNRESTRICTED

$500,000

GENERAL CONFERENCE OF SEVENTH-DAY ADVENTISTS SOUTHERN UNION CONFERENCE

Org PageRecipient Profile

Peachtree Corners, GA

PURPOSE: WORTHY STUDENT FUND 2022-2023 SCHOOL YEAR, EXCLUDE FORREST LAKE ACADEMY AND N. TAMPA CHRISTIAN ACADEMY

$400,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Community Foundation Of Greater Chattanooga Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Mckenzie Foundation

Chattanooga, TN

PURPOSE: OPERATING FUNDS

$10,000
Thomas D And Patsy K Hosman Family Foundation Inc

Englewood, FL

PURPOSE: ASSISTANCE TO FUND THE CAMP NAKANAWA ENDOWMENT FUND.

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$27,078,260
Earnings$4,136,848
Net Contributions$1,900,775
Grants$777,007
Ending Balance$32,338,876

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