Gay And Erskine Love Foundation Inc

Organization Overview

Gay And Erskine Love Foundation Inc is located in Atlanta, GA. The organization was established in 1976. 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. Gay And Erskine Love Foundation Inc 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 12/2022, Gay And Erskine Love Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 19.5% 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 2020, Gay And Erskine Love Foundation Inc has awarded 94 individual grants totaling $2,797,390. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDATION DOES NOT ENGAGE IN DIRECT CHARITABLE ACTIVITES WITHIN THE MEANING OF SECTION 4942J3 AND RELATED REGULATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Dennis M Love
President
$0
Dellmer B Seitter III
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,456,662
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,456,662

Grants Awarded

Over the last fiscal year, Gay And Erskine Love Foundation Inc has awarded $1,228,962 in support to 32 organizations.

Grant RecipientAmount

ATLANTA SPEECH SCHOOL

PURPOSE: PAYMENT OF DONATION TRANSFORMS THE LIVES OF CHILDREN AND THE ADULTS THEY BECOME THROUGH RESEARCH-BASED PRACTICES INNOVATION ADVOCACY AND PARTNERSHIPS WITH OTHER ORGANIZATIONS SO THAT EACH CHILD AT THE ATLANTA SPEECH SCHOOL AND EVERY CHILD BEYOND THE CAMPUS CAN ACQUIRE THE LANGUAGE AND LITERACY FOUNDATION ESSENTIAL FOR DECIDING THEIR OWN FUTURE.

$33,328

CENTER FOR PUPPETRY ARTS

PURPOSE: TO INSPIRE IMAGINATION EDUCATION AND COMMUNITY THROUGH THE GLOBAL ART OF PUPPETRY.

$10,000

BOY SCOUTS OF AMERICA ATLANTA AREA COUNCIL

PURPOSE: PAYMENT OF DONATION TO SUPPORT MISSION OF BUILDING CHARACTER CITIZENSHIP AND PERSONAL FITNESS FOR YOUNG PEOPLE.

$30,000

GEORGIA TECH A-T FUND

PURPOSE: PAYMENT OF DONATION TOWARDS GEORGIA MISSION TO CONTINUE PROVIDING SCHOLARSHIPS FOR STUDENT-ATHLETES WHILE PROMOTING THE WINNING TRADITION OF GT ATHLETICS.

$11,000

GEORGIA ALZHEIMER'S FOUNDATION

PURPOSE: TO SUPPORT INNOVATIVE RESEARCH AND COMMUNITY SERVICES FOR THOSE AFFECTED BY ALZHEIMER'S DISEASE AND OTHER DEMENTIAS.

$6,000

EAST LAKE FOUNDATION

PURPOSE: PAYMENT OF DONATION TO SUPPORT EAST LAKE FOUNDATION'S GOAL TO TRANSFORM EAST LAKE INTO A SAFE AND LIVELY COMMUNITY THROUGH THE COMBINATION OF MIXED-INCOME HOUSING AND INFRASTRUCTURE CRADLE-TO-COLLEGE EDUCATIONAL OPPORTUNITIES AND COMMUNITY WELLNESS ACTIVITIES.

$2,500
View Grant Profile

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