Ray C Anderson Foundation Inc
- Assets
- $59.3m
- Revenue
- $7.2m
- Investments
- $55.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/1991
- Data as of
- 12/2021
- EIN
- 58-1867303
Organization Overview
Ray C Anderson Foundation Inc is located in Atlanta, GA. The organization was established in 1991. 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. Ray C Anderson 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 12/2021, Ray C Anderson Foundation Inc generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 10.1% 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 2014, Ray C Anderson Foundation Inc has awarded 195 individual grants totaling $14,724,697. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Lanier Jr Trustee | 5 | $185,000 | |
Blair G Beasley Director Of Climate | 40 | $105,417 | |
Valerie W Bennett Director Of Communic | 40 | $92,500 | |
Lori M Blank Director Of Grants A | 40 | $78,500 | |
Mary Anne Anderson Lanier Trustee, President/treasurer | 5 | $0 | |
John Anderson Lanier Trustee Ex-Officio, Executive Director | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stifel Nicolaus & Company Inc | 12/30/20 | $280,131 |
Northwestern Mutual Investment Services | 12/30/20 | $107,929 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $877,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,287,851 |
| Capital Gain Net Income | $6,408,968 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54 |
| Total Revenue | $7,168,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $185,000 |
| Other employee salaries and wages | $276,417 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90,307 |
| Depreciation | $5,873 |
| Occupancy | $78,767 |
| Travel, conferences, and meetings | $7,214 |
| Printing and publications | $0 |
| Other expenses | $407,938 |
| Total operating and administrative expenses | $1,601,100 |
| Contributions, gifts, grants paid | $3,807,244 |
| Total expenses and disbursements | $5,408,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,100 |
| Savings and temporary cash investments | $3,570,094 |
| 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 | $4,220 |
| Other assets | $11,642 |
| Total assets | $59,267,318 |
| Accounts payable and accrued expenses | $607 |
| 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 | $607 |
Grants Awarded
Over the last fiscal year, Ray C Anderson Foundation Inc has awarded $7,132,244 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA TECH FOUNDATION PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $3,000,000 |
MZC FOUNDATION (DBA THE RAY) PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $1,100,000 |
GEORGIA TECH FOUNDATION PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $750,000 |
THE BIOMIMICRY INSTITUTE PURPOSE: GRAY NOTE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $500,000 |
GEORGIA TECH RESEARCH CORPORATION PURPOSE: DRAWDOWN GEORGIA RESEARCH GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $300,000 |
PROJECT DRAWDOWN PURPOSE: CLIMATE GRANT - TO SUPPORT THE CHARITABLE ENVIRONMENTAL MISSION, ACTIVITIES AND OPERATIONS OF THE RECIPIENT ORGANIZATION | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |