The Gift Of Hope Foundation Inc is located in Roswell, GA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gift Of Hope 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 12/2021, Gift Of Hope Foundation Inc generated $8.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.3%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gift Of Hope Foundation Inc has awarded 185 individual grants totaling $21,496,956. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert M Fink Jr Director, VP | 5 | $12,848 | |
Donna Vassil Director, Treasury | 40 | $188,900 | |
Mary W Fink Director, VP | 5 | $12,848 | |
Laura Nix ESQ Director, VP | 5 | $12,848 | |
Elizabeth Griffin Director, Secretary | 5 | $12,848 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wells Fargo | 12/30/21 | $134,484 |
Truist | 12/30/21 | $33,084 |
Bennett Thrasher | 12/30/21 | $65,975 |
Morgan Stanley | 12/30/21 | $54,593 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $92,901 |
Dividends & Interest | $771,532 |
Net Rental Income | $3,000,000 |
Net Gain on Sale of Assets | $4,576,135 |
Capital Gain Net Income | $4,576,135 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $8,440,568 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $491,486 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $5,509 |
Taxes | $0 |
Depreciation | $392,308 |
Occupancy | $0 |
Travel, conferences, and meetings | $5,090 |
Printing and publications | $0 |
Other expenses | $445,601 |
Total operating and administrative expenses | $1,339,994 |
Contributions, gifts, grants paid | $4,099,500 |
Total expenses and disbursements | $5,439,494 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,685,962 |
Savings and temporary cash investments | $0 |
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 | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $28,300,000 |
Other assets | $147,793 |
Total assets | $66,505,995 |
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 | $998,744 |
Total liabilities | $998,744 |
Over the last fiscal year, The Gift Of Hope Foundation Inc has awarded $4,099,500 in support to 31 organizations.
Grant Recipient | Amount |
---|---|
MERCY CARE FOUNDATION PURPOSE: GENERAL PURPOSE FUND | $1,877,410 |
MARY HALL FREEDOM HOUSE PURPOSE: GENERAL PURPOSE FUND | $875,000 |
Teasdale, UT PURPOSE: GENERAL PURPOSE FUND | $415,375 |
Atlanta, GA PURPOSE: GENERAL PURPOSE FUND | $335,338 |
Garrison, NY PURPOSE: GENERAL PURPOSE FUND | $175,344 |
COURAGE FOR LIFE PURPOSE: GENERAL PURPOSE FUND | $85,000 |
Over the last fiscal year, we have identified 1 grants that The Gift Of Hope Foundation Inc has recieved totaling $1,000,000.
Awarding Organization | Amount |
---|---|
Ridgeview Institute Inc Roswell, GA PURPOSE: PROVIDE HOPE FOR THOSE SUFFERING, PARTICULARLY SUFFERING FROM MENTAL ILLNESS OR ADDICTION | $1,000,000 |
Organization Name | Assets | Revenue |
---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |