The Gift Of Hope Foundation Inc
- Assets
- $66.5m
- Revenue
- $8.4m
- Investments
- $36.4m
- Employees
- 0
- Location
- Roswell, GA
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 81-3228721
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Outside Vendors & Contractors
| 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 |
Financial Statements
| 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 |
Grants Awarded
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 |
Grants Recieved
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 |
Peer Organizations
| 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 |