Cbf Foundation
- Assets
- $27.4m
- Revenue
- -$2.9m
- Investments
- $26.4m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-2450365
Organization Overview
Cbf Foundation is located in Atlanta, GA. The organization was established in 2018. 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. Cbf Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Cbf Foundation has awarded 224 individual grants totaling $5,678,414. 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 |
|---|---|---|---|
W Millard Choate Trustee, Distribution Comm | 1 | $0 | |
Susan Choate Distribution Committee | 1 | $0 | |
Emily G Choate Distribution Committee | 1 | $0 | |
Katherine Choate Distribution Committee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,683,100 |
| Dividends & Interest | $146,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,727,386 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,897,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,549 |
| Depreciation | $5,636 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,638 |
| Total operating and administrative expenses | $94,393 |
| Contributions, gifts, grants paid | $1,640,000 |
| Total expenses and disbursements | $1,734,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $213,360 |
| 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 | $270,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,438,591 |
| Net Land, buildings, and equipment | $428,095 |
| Other assets | $0 |
| Total assets | $27,350,046 |
| Accounts payable and accrued expenses | $815,000 |
| 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 | $815,000 |
Grants Awarded
Over the last fiscal year, Cbf Foundation has awarded $1,640,000 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
4 PAWS FOR ABILITY PURPOSE: HUMANITARIAN ASSISTANCE | $5,000 |
AHIMSA HOUSE INC PURPOSE: HUMANITARIAN ASSISTANCE | $5,000 |
ATLANTA BRAVES FOUNDATION PURPOSE: HUMANITARIAN ASSISTANCE | $10,000 |
ATLANTA HUMANE SOCIETY PURPOSE: HUMANITARIAN ASSISTANCE | $6,500 |
BEARINGS BIKE WORKS PURPOSE: HUMANITARIAN ASSISTANCE | $5,000 |
BRIGHT FUTURES ATLANTA PURPOSE: HUMANITARIAN ASSISTANCE | $120,000 |