Chestnut Family Foundation
- Assets
- $262.8m
- Revenue
- -$15.3m
- Investments
- $257.5m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4986125
Organization Overview
Chestnut Family Foundation is located in Atlanta, GA. The organization was established in 2017. 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. Chestnut 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.
Since 2018, Chestnut Family Foundation has awarded 66 individual grants totaling $13,293,045. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin L Chestnut Trustee | 1 | $0 | |
Teresa K Chestnut Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,077,213 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,670,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,089,088 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$15,341,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,990 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $490,790 |
| Contributions, gifts, grants paid | $8,012,595 |
| Total expenses and disbursements | $8,503,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,392,522 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $262,849,934 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Chestnut Family Foundation has awarded $8,012,595 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ARTSNOW PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $1,114,500 |
ATLANTA MUSIC PROJECT PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $135,000 |
AUGUSTA MINI THEATRE PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $150,000 |
BALLETHNIC DANCE COMPANY PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $350,000 |
BAY HIGH SCHOOL FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $4,000 |
BEARINGS BIKE PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $300,000 |