Overview
What is The Community Foundation For Greater Atlanta Inc?
The Community Foundation for Greater Atlanta Inc, located in Atlanta, Georgia, serves as a steward of long-term philanthropic assets for the future of the Greater Atlanta region. With total assets amounting to $1.2 billion in 2022, they distributed over $194 million in grants and support throughout the year. These grants supported over 3,200 nonprofits locally, nationally, and internationally, with 70% of the funds staying within the 23-county metro Atlanta region. The organization focuses on 28 issue areas, with healthcare, education, and arts/culture/humanities being the top three. In 2022, 15% of their total assets were distributed through grantmaking. Generous donors enabled their work, contributing over $143 million in gifts and establishing 35 new funds. The most popular giving vehicle is the donor-advised fund, with 82% of their total grants made through these funds. The Community Foundation aims to inspire and lead the region toward equity and shared prosperity for all, addressing the pressing needs in the community with urgency.
Official website here: www.cfgreateratlanta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Community Foundation For Greater Atlanta Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 99%, the organization's operations demonstrate a high level of transparency and ethical governance. Significant strengths include a fully independent board consisting of 22 members, comprehensive financial oversight, and adherence to policies that ensure financial integrity and protection of donor privacy.
The foundation showcases excellent financial health, evidenced by a program expense ratio of 93.63%, indicating that a substantial portion of its resources is directed towards its mission. Additionally, the organization boasts a low fundraising efficiency ratio of $0.012, which may indicate a need for improvement in fundraising strategies or practices. However, it's worth noting that the majority of its financial metrics reflect a strong commitment to utilizing funds effectively for community initiatives.
While the foundation excels in numerous operational areas, the absence of a publicly posted donor privacy policy could raise concerns for some potential contributors. Overall, The Community Foundation For Greater Atlanta Inc stands out as a well-managed nonprofit with a commitment to accountability, although there remains room for enhancement in its fundraising efficiency and donor privacy communication.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation For Greater Atlanta Inc legitimate?
The Community Foundation For Greater Atlanta Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation For Greater Atlanta Inc 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: $1,552,174
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,509,735
For more financial information, click here
Official website here: www.cfgreateratlanta.org
What is the mission statement of The Community Foundation For Greater Atlanta Inc?
The Community Foundation for Greater Atlanta Inc is committed to inspiring and leading the region towards equity and shared prosperity for all. Recognizing the pressing needs in the community, particularly the high income inequality rate in the nation, the foundation has prioritized equity as its top focus. In response, they have outlined a strategic plan, TogetherATL, which serves as a blueprint for championing equity and leading collaboratively with nonprofit partners, civic leaders, and donors. Through this collective effort, they aim to secure prosperity for all throughout the region.
Official website here: www.cfgreateratlanta.org
Who is the CEO of The Community Foundation For Greater Atlanta Inc?
Frank Fernandez is the President of The Community Foundation For Greater Atlanta Inc.
Official website here: www.cfgreateratlanta.org
What is the revenue of The Community Foundation For Greater Atlanta Inc?
The Community Foundation For Greater Atlanta Inc's revenue in 2022 was $170,621,384.
Official website here: www.cfgreateratlanta.org
Who are the executives of The Community Foundation For Greater Atlanta Inc and what are their salaries?
The average compensation at The Community Foundation For Greater Atlanta Inc during 2022 was $86,599. There are 70 employees and 44 volunteers at The Community Foundation For Greater Atlanta Inc.
Here are 32 key members and their salaries:
- Compensation: $521,084
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- Other: $75,614
- Compensation: $244,393
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- Other: $24,619
- Compensation: $217,127
- Related: $0
- Other: $14,283
- Compensation: $204,471
- Related: $0
- Other: $25,737
- Compensation: $204,652
- Related: $0
- Other: $14,957
- Compensation: $207,078
- Related: $0
- Other: $16,678
- Compensation: $171,682
- Related: $0
- Other: $35,238
- Compensation: $172,584
- Related: $0
- Other: $11,789
- Compensation: $138,616
- Related: $0
- Other: $21,836
- Compensation: $136,635
- Related: $0
- Other: $939
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Official website here: www.cfgreateratlanta.org
Where can I find the form 990 for The Community Foundation For Greater Atlanta Inc?
The Community Foundation For Greater Atlanta Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfgreateratlanta.org
Learn more at the official website: www.cfgreateratlanta.org
Mission Statement of The Community Foundation For Greater Atlanta Inc
The Community Foundation for Greater Atlanta, a leading organization in the region, is committed to inspiring and driving equity and shared prosperity for all. In the face of Atlanta's status as the number one city in the nation for income inequality, the Community Foundation has made equity its top priority. With a bold and comprehensive 2022-2026 strategic plan, TogetherAtl, this esteemed institution is dedicated to championing equity and leading boldly in collaboration with nonprofit partners, civic leaders, and donors.
Through its strategic plan, the Community Foundation for Greater Atlanta aims to secure prosperity for all throughout the region. By embracing equity as its primary focus, this philanthropic powerhouse is determined to address the pressing needs of the community with the urgency required. Together, it will work towards creating a more equitable society where everyone can thrive.
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Impact
October, 2024
The Community Foundation For Greater Atlanta Inc inspires and leads the Atlanta region toward equity and shared prosperity. With a focus on long-term philanthropic stewardship, it manages $1.2 billion in assets, distributing over $194 million in grants in 2022 alone. This resulted in 10,000 grants awarded to more than 3,200 organizations locally, nationally, and internationally, with over 70% allocated within the 23-county metro Atlanta region.
In addressing the critical issue of income inequality in Atlanta, which ranks as the highest in the nation, the Community Foundation has prioritized equity in its strategic initiatives. The 2022-2026 strategic plan, TogetherATL, serves as a blueprint to champion equity and facilitate collaboration among partners, civic leaders, and donors. The foundation primarily supports 28 issue areas, with healthcare, education, and arts/culture/humanities being the most significant.
In addition to effective grantmaking, the foundation received over $143 million in contributions and established 35 new funds in 2022. Donor-advised funds emerged as the preferred giving mechanism, underpinning 82% of total grants. Through these efforts, the Community Foundation For Greater Atlanta Inc actively works to address urgent community needs and promote systemic change for a more equitable future.
This information is meant to be a general summary of The Community Foundation For Greater Atlanta Inc. 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: $50,088,119
- Program Service Revenue: $1,390,247
- Gross Receipts: $748,683,520
Assets and Liabilities:
- Total Assets: $1,082,753,744
- Total Liabilities: $55,719,497
- Net Assets: $1,027,034,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CFGA ASSET FEES
Revenue
$1,390,247
Organization Details
Founding Year
1951
Phone
(404) 688-5525Principal Officer
Frank Fernandez
Main Address
191 PEACHTREE STREET NE SUITE 1000, ATLANTA, GA, 30303
Website
www.cfgreateratlanta.orgNTEE Category
Code: T310 - Philanthropy
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