Chestnut Family Foundation
- Assets
- $285.0m
- Revenue
- $280.1m
- Investments
- $276.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-4986125
Organization Overview
Chestnut Family Foundation is located in Atlanta, GA. The organization was established in 2017. 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. Chestnut Family Foundation 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, Chestnut Family Foundation generated $280.1m in total revenue. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 20.5% per year over the past 4 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 2018, Chestnut Family Foundation has awarded 44 individual grants totaling $5,280,450. 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 |
|---|---|---|---|
Benjamin L Chestnut Trustee | 1 | $0 | |
Teresa K Chestnut Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $277,233,215 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,792,906 |
| Capital Gain Net Income | $2,793,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $280,136,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $151,506 |
| Contributions, gifts, grants paid | $1,554,950 |
| Total expenses and disbursements | $1,706,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,849,748 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $285,014,440 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Chestnut Family Foundation has awarded $1,554,950 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $509,700 |
ATLANTA MUSIC PROJECT PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $205,000 |
Atlanta, GA PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $191,250 |
GEORGIA HI-LO TRAIL INC PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $175,000 |
Augusta, GA PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $110,000 |
Atlanta, GA PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $100,000 |
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 |