The Arthur M Blank Family Foundation
- Assets
- $365.2m
- Revenue
- $84.9m
- Investments
- $78.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 38-3983213
Organization Overview
The Arthur M Blank Family Foundation is located in Atlanta, 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. Arthur M Blank 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, Arthur M Blank Family Foundation generated $84.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $95.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arthur M Blank Family Foundation has awarded 933 individual grants totaling $466,446,009. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fay Twersky President & Trustee As Of 2/21 | 40 | $474,545 | |
Sylia Obagi VP Finance | 40 | $250,513 | |
John Bare Senior VP Until 9/21 | 40 | $204,732 | |
Suganthi Simon Sr. Program Officer | 40 | $126,957 | |
Kelley Gulley Chief Of Staff | 40 | $111,364 | |
Peter Brown Sr. Program Officer | 40 | $110,208 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Mosaic Group | 12/30/21 | $245,000 |
Mobility Capital Finance | 12/30/21 | $150,000 |
Open Impact | 12/30/21 | $411,202 |
Community Build Ventures | 12/30/21 | $112,000 |
Entertainment Sports Partners | 12/30/21 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,975,584 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,260,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,653,852 |
| Capital Gain Net Income | $2,653,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,889,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,007,394 |
| Other employee salaries and wages | $1,620,517 |
| Pension plans, employee benefits | $786,548 |
| Interest | $0 |
| Taxes | $59,000 |
| Depreciation | $49,472 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $460,944 |
| Printing and publications | $0 |
| Other expenses | $1,760,209 |
| Total operating and administrative expenses | $7,654,519 |
| Contributions, gifts, grants paid | $87,309,377 |
| Total expenses and disbursements | $94,963,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $921,568 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $282,934,562 |
| 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 | $3,428,582 |
| Net Land, buildings, and equipment | $6,040 |
| Other assets | $2,624,710 |
| Total assets | $365,187,486 |
| Accounts payable and accrued expenses | $609,293 |
| Grants payable | $311,492,580 |
| 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 | $312,101,873 |
Grants Awarded
Over the last fiscal year, The Arthur M Blank Family Foundation has awarded $162,334,543 in support to 483 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: ARTHUR M. BLANK HOSPITAL | $20,060,000 |
Atlanta, GA PURPOSE: TRUTH & TRANSFORMATION PROJECT | $12,600,000 |
Dallas, TX PURPOSE: PRESERVE THE COOPER INSTITUTE MISSION AND LEGACY | $12,000,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: ATLANTA SATELLITE LOCATION OF THE ARTHUR M. BLANK CENTER FOR STUTTERING EDUCATION AND RESEARCH | $9,450,000 |
Atlanta, GA PURPOSE: WESTSIDE PARK AT BELLWOOD QUARRY | $8,280,128 |
Atlanta, GA PURPOSE: THE ARTHUR M. BLANK INNOVATION LAB | $7,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |