Foundation For A Better World Inc
- Assets
- $129.8m
- Revenue
- $69.7m
- Investments
- $127.8m
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 07/2013
- Data as of
- 12/2020
- EIN
- 46-2385457
Organization Overview
Foundation For A Better World Inc is located in Marietta, GA. The organization was established in 2013. 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.
For the year ending 12/2020, Foundation For A Better World Inc generated $69.7m in total revenue. All expenses for the organization totaled $4.7m during the year ending 12/2020. While expenses have increased by 36.7% per year over the past 6 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 2016, Foundation For A Better World Inc has awarded 114 individual grants totaling $11,552,788. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - NO ACTIVITIES OTHER THAN GRANT MAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatriz Illescas Director / President | 40 | $224,000 | |
Thomas Claugus II Director / Treasurer | 1 | $0 | |
Melissa Claugus Director / Secretary | 1 | $0 | |
Gregory Claugus Director | 1 | $0 | |
Michael Claugus Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,291,767 |
| Interest on Savings | $253 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,380,539 |
| Capital Gain Net Income | $64,380,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,672,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $224,000 |
| Other employee salaries and wages | $135,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,999 |
| Depreciation | $4,007 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,411 |
| Printing and publications | $0 |
| Other expenses | $4,604 |
| Total operating and administrative expenses | $395,741 |
| Contributions, gifts, grants paid | $4,254,765 |
| Total expenses and disbursements | $4,650,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,008,096 |
| 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 | $127,766,451 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $129,774,547 |
| Accounts payable and accrued expenses | $200 |
| 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 | $200 |
Grants Awarded
Over the last fiscal year, Foundation For A Better World Inc has awarded $4,254,765 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROGRAM EXPENSES | $2,000,000 |
New York, NY PURPOSE: PROGRAM EXPENSES | $1,000,000 |
Cambridge, MA PURPOSE: PROGRAM EXPENSES | $150,000 |
Miami, FL PURPOSE: PROGRAM EXPENSES | $150,000 |
Cincinnati, OH PURPOSE: PROGRAM EXPENSES | $150,000 |
PANCREATIC CANCER ACTION NETWORK PURPOSE: PROGRAM EXPENSES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercer Family Foundation West Palm Beach, FL | $45,700,386 | $29,513,438 |
C D Spangler Foundation Inc Charlotte, NC | $449,542,357 | $65,837,239 |
Thomas W Smith Foundation Boca Raton, FL | $0 | $18,397,811 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $231,471,169 | $35,578,409 |
University Of Central Florida Research Foundation Inc Orlando, FL | $21,317,376 | $14,066,619 |
Gerstner Family Foundation Palm Beach, FL | $150,624,125 | $12,995,997 |
Beemok Family Foundation Charleston, SC | $80,323,600 | $27,180,026 |
Plough Foundation Memphis, TN | $42,045,555 | $3,806,105 |
Wonderful Life Foundation West Palm Beach, FL | $8,907,698 | $17,861,326 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $227,666,305 | $8,839,261 |
The Haslam 3 Foundation Inc Knoxville, TN | $8,168,678 | $11,057,289 |
John M & Susan Morrison Foundation Naples, FL | $460,052 | $31,480 |