Beacon Foundation Charitable Tr
- Assets
- $6.6m
- Revenue
- -$8.8k
- Investments
- $6.0m
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-6684203
Organization Overview
Beacon Foundation Charitable Tr is located in Kennesaw, GA. The organization was established in 2009. 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. Beacon Foundation Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Beacon Foundation Charitable Tr has awarded 129 individual grants totaling $4,495,000. 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 |
|---|---|---|---|
Catherine M Smith Trustee | 0 | $0 | |
Elizabeth Smith Williams Trustee | 2 | $100,000 | |
Craig Douglas Smith Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $67,533 |
| Interest on Savings | $113 |
| Dividends & Interest | $361,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$437,800 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$8,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,941 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $857 |
| Printing and publications | $0 |
| Other expenses | $920 |
| Total operating and administrative expenses | $149,202 |
| Contributions, gifts, grants paid | $703,000 |
| Total expenses and disbursements | $852,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $619,036 |
| 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 | $6,586,113 |
| 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, Beacon Foundation Charitable Tr has awarded $703,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ARTSBUILD PURPOSE: FUND "IMAGINE! INITIATIVE" TO HELP PROVIDE HAMILTON COUNTY, TN ELEMENTARY STUDENTS FREE ART AND CULTURAL EXPERIENCES PRESENTED BY LEADING ARTS ORGANIZATIONS AND FUND COMMUNITY CULTURAL CONNECTIONS. | $30,000 |
CHAMBLISS CENTER OF CHILDREN PURPOSE: OPERATIONAL SUPPORT | $30,000 |
CHATTAHOOCHEE TECH FOUNDATION PURPOSE: FUND SCHOLARSHIPS, PROVIDE SUPPORT FOR FOUNDATION'S EMERGENCY FUND, AND SERVICES PROVIDED BY THE OFFICE OF STUDENT RESOURCES | $35,000 |
CHATTANOOGA ROOM IN THE INN PURPOSE: SUPPORT FOR TEMPORARY HOUSING, PROGRAMS, AND SERVICES TO HOMELESS WOMEN AND CHILDREN | $30,000 |
CHATTANOOGA STATE TECHNICAL COMMUNITY COLLEGE FOUNDATION PURPOSE: "GLOBAL SCHOLARS" PROGRAM - PROVIDE UNIQUE LEARNING AND EXPLORATORY EXPERIENCES NOT TYPICALLY AVAILABLE TO STUDENTS | $100,000 |
CHILDREN'S HOME SOCIETY OF NORTH CAROLINA PURPOSE: SUPPORT IMPLEMENTATION OF SEXUAL HEALTH FOR YOUTH IN CARE ACROSS NC; IMPROVE SEXUAL HEALTH OUTCOMES FOR YOUTH INVOLVED IN OUT-OF-HOME CARE IN NC | $75,000 |