Overview
What is Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans?
The Lettie Pate Evans Foundation Inc Restricted UW of Lettie Pate Evans is a philanthropic organization based in Atlanta, Georgia, with a workforce of 14 employees. Established according to the will of Lettie Pate Evans, the foundation grants funds to specific educational institutions as per the will's terms, including Berry College, Episcopal High School in Virginia, Georgia Institute of Technology, Protestant Episcopal Theological Seminary, Tallulah Falls School, Washington and Lee University, and The William and Mary Foundation. The governing boards of these recipient schools have the discretion to allocate the grant funds. Since its inception, the Lettie Pate Evans Restricted Fund has distributed over $1.7 billion to its beneficiaries.
Official website here: www.lpevans.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Lettie Pate Evans Foundation Inc has received a perfect score of 100%, reflecting its strong performance in accountability and finance. This high rating is significant as it indicates that the foundation adheres to best practices in transparency and governance, which are crucial for building trust with donors and stakeholders.
The organization boasts a wholly independent board, with all members meeting the criteria for independence. It excels in various metrics, such as having robust financial oversight and a high program expense ratio of 98.05%, which shows that the majority of its funds are allocated towards its charitable programs rather than administrative costs. The presence of policies like conflict of interest, whistleblower protections, and document retention further underscores its commitment to ethical operations.
No significant limitations or concerns were noted in the data. Overall, the Lettie Pate Evans Foundation Inc stands out as a well-managed nonprofit dedicated to its mission, with strong financial health and governance practices in place.
This AI summary has been generated from information found on Charity Navigator.
Is Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans legitimate?
Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $924,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $273,179
For more financial information, click here
Official website here: www.lpevans.org
What is the mission statement of Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans?
The Lettie Pate Evans Foundation Inc Restricted UW, as stated in its mission, is dedicated to providing annual monetary support to specified beneficiaries as outlined in the will of Lettie Pate Evans. The Foundation has distributed over $1.7 billion to these beneficiaries since its inception. The grants are designed to support education, with a focus on seven designated schools in Georgia and Virginia: Berry College, Episcopal High School, Georgia Institute of Technology, Protestant Episcopal Theological Seminary, Tallulah Falls School, Washington and Lee University, and The William and Mary Foundation. The governing boards of these recipient schools have the discretion to allocate the grant funds.
Official website here: www.lpevans.org
Who is the CEO of Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans?
P Russell Hardin is the Trustee Chair Emeritus of Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans.
Official website here: www.lpevans.org
What is the revenue of Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans?
Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans's revenue in 2022 was $551,574,370.
Official website here: www.lpevans.org
Who are the executives of Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans and what are their salaries?
The average compensation at Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans during 2022 was $85,547. There are 14 employees at Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans.
Here are 13 key members and their salaries:
- Compensation: $18,750
- Related: $56,250
- Other: $0
- Compensation: $18,750
- Related: $66,250
- Other: $0
- Compensation: $26,250
- Related: $58,750
- Other: $0
- Compensation: $18,750
- Related: $31,250
- Other: $0
- Compensation: $18,750
- Related: $6,250
- Other: $0
- Compensation: $595,476
- Related: $1,569,686
- Other: $98,785
- Compensation: $97,825
- Related: $241,167
- Other: $53,107
- Compensation: $86,510
- Related: $213,272
- Other: $61,978
- Compensation: $53,575
- Related: $132,080
- Other: $26,837
- Compensation: $37,581
- Related: $92,649
- Other: $38,627
- Compensation: $46,795
- Related: $115,364
- Other: $37,747
- Compensation: $31,567
- Related: $77,822
- Other: $39,934
- Compensation: $29,526
- Related: $72,790
- Other: $37,181
Official website here: www.lpevans.org
Where can I find the form 990 for Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans?
Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lpevans.org
Learn more at the official website: www.lpevans.org
Mission Statement of Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans
Lettie Pate Evans Foundation Inc Restricted UW Of Lettie Pate Evans is a philanthropic organization established to honor the will of Lettie Pate Evans, a deceased benefactor. Its primary mission is to distribute annual monetary grants to a select group of named beneficiaries, as designated in Lettie Pate Evans' will.
Since its inception, the Foundation has disbursed over $1.7 billion to these beneficiaries, which includes seven esteemed educational institutions in Georgia and Virginia. These institutions – Berry College, Episcopal High School, Georgia Institute of Technology, Protestant Episcopal Theological Seminary, Tallulah Falls School, Washington and Lee University, and The William and Mary Foundation – have been granted full discretion to allocate the grant funds according to their respective needs and priorities.
Lettie Pate Evans' vision for philanthropy continues to resonate through these institutions, enabling them to further their educational missions and positively impact the lives of countless students. By providing consistent financial support, the Lettie Pate Evans Foundation Inc Restricted UW Of Lettie Pate Evans plays an integral role in advancing these institutions and empowering their communities.
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Impact
October, 2024
The Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans focuses on providing significant annual monetary support to specific beneficiaries as outlined in the will of Lettie Pate Evans. Since its inception, the foundation has distributed over $1.7 billion to its beneficiaries, greatly impacting educational institutions in Georgia and Virginia.
Grants have been awarded to seven prominent schools, including Berry College, Episcopal High School, Georgia Institute of Technology, Protestant Episcopal Theological Seminary, Tallulah Falls School, Washington and Lee University, and The William and Mary Foundation. These institutions have the discretion to allocate the funds as they see fit, allowing them to address their unique needs and advance their educational missions effectively.
The foundation's commitment to supporting education exemplifies its dedication to philanthropy and the profound long-term benefit it provides to countless students and communities.
This information is meant to be a general summary of Lettie Pate Evans Foundation Inc Restricted U/W Of Lettie Pate Evans. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $551,574,370
- Gross Receipts: $856,903,927
Assets and Liabilities:
- Total Assets: $4,095,775,433
- Total Liabilities: $25,976,793
- Net Assets: $4,069,798,640
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Organization Details
Founding Year
1945
Phone
(404) 522-6755Principal Officer
P Russell Hardin
Main Address
191 Peachtree Street NE 3540, Atlanta, GA, 303031799
Website
www.lpevans.orgNTEE Category
Code: T900 - Philanthropy
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