Lettie Pate Evans Foundation Inc
- Assets
- $69.3m
- Revenue
- $17.9m
- Investments
- $60.4m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 58-6004644
Organization Overview
Lettie Pate Evans Foundation Inc is located in Atlanta, GA. The organization was established in 2004. 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. Lettie Pate Evans 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, Lettie Pate Evans Foundation Inc generated $17.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $23.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lettie Pate Evans Foundation Inc has awarded 81 individual grants totaling $151,775,207. 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 |
|---|---|---|---|
P Russell Hardin President | 3 | $34,948 | |
Erik S Johnson Vice President & Secretary | 3 | $19,053 | |
Eli P Niepoky Treasurer | 3 | $11,818 | |
Lawrence L Gellerstedt III Trustee- Vice Chair | 2 | $8,750 | |
E Jenner Wood III Trustee- Chair | 2 | $6,250 | |
David P Stockert Trustee | 1 | $6,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,058 |
| Dividends & Interest | $14,406,051 |
| Net Rental Income | $42,750 |
| Net Gain on Sale of Assets | $3,436,349 |
| Capital Gain Net Income | $3,436,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,897,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $99,569 |
| Other employee salaries and wages | $58,307 |
| Pension plans, employee benefits | $36,302 |
| Interest | $0 |
| Taxes | $275,000 |
| Depreciation | $373 |
| Occupancy | $15,164 |
| Travel, conferences, and meetings | $2,541 |
| Printing and publications | $101 |
| Other expenses | $13,284 |
| Total operating and administrative expenses | $658,460 |
| Contributions, gifts, grants paid | $23,250,054 |
| Total expenses and disbursements | $23,908,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,758 |
| Savings and temporary cash investments | $8,697,599 |
| 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 | $139,848 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,736 |
| Other assets | $33,304 |
| Total assets | $69,308,402 |
| 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 | $261 |
| Total liabilities | $261 |
Grants Awarded
Over the last fiscal year, Lettie Pate Evans Foundation Inc has awarded $44,450,054 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: PEDIATRIC MEDICAL RESIDENCY PROGRAM CONDUCTED BY CHILDREN'S IN PARTNERSHIP WITH THE EMORY UNIVERSITY SCHOOL OF MEDICINE. | $7,400,000 |
Atlanta, GA PURPOSE: PEDIATRIC MEDICAL RESIDENCY PROGRAM CONDUCTED BY CHILDREN'S IN PARTNERSHIP WITH THE EMORY UNIVERSITY SCHOOL OF MEDICINE. | $6,800,052 |
Atlanta, GA PURPOSE: CONSTRUCTION OF THE CENTER FOR INNOVATION AND THE ARTS AS PART OF $250 MILLION CAMPAIGN. | $6,000,002 |
Atlanta, GA PURPOSE: CONSTRUCTION OF THE CENTER FOR INNOVATION AND THE ARTS AS PART OF $250 MILLION CAMPAIGN. | $6,000,000 |
Atlanta, GA PURPOSE: CONTINUATION OF FAMILY FUN PROGRAM ON THE WOODRUFF ARTS CENTER CAMPUS. | $2,800,000 |
Richmond, VA PURPOSE: CONSTRUCTION OF THE EVANS ORIENTATION THEATER AND RENOVATION OF THE EVANS GALLERY AS PART OF $30 MILLION CAMPAIGN. | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |