Lettie Pate Evans Foundation Inc Restricted u/w of Lettie Pate Evans

EIN: 237282939 501(c)(3) Philanthropy & Grantmaking

Atlanta, GA

Total Revenue
$665,581,251
Total Expenses
$143,993,083
Total Assets
$4,532,259,056
Net Assets
$4,500,422,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
GA
Principal Officer
Erik S Johnson
Phone
4045226755
Tax Period
2025-01-01 to 2025-12-31

Lettie Pate Evans Foundation Inc Restricted u/w of Lettie Pate Evans, founded in 1945, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $665.6M in total revenue in fiscal year 2025. The organization ran a surplus of $521.6M, a strong 78% operating margin.

Mission

To provide to certain named beneficiaries annual monetary support designated by amount or percentage in the will of Lettie Pate Evans, deceased. To date, beneficiaries of the Lettie Pate Evans Restricted Fund have collectively received more than $2 billion in distributions since the Fund's inception.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $665,581,251
Other Revenue $0
TOTAL REVENUE $665,581,251

Expense Breakdown

Grants Paid $139,348,817
Salaries & Benefits $1,356,048
Fundraising Expenses $0
Program Expenses $140,214,029
Other Expenses $3,288,218
TOTAL EXPENSES $143,993,083

Year-over-Year Comparison

2025 2024 Change
Revenue $665,581,251 $641,256,932 +0.0%
Expenses $143,993,083 $138,283,769 +0.0%
Net Income $521,588,168 $502,973,163 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
16
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$2,480,417
Total Directors
5
$310,000
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
E JENNER WOOD III TRUSTEE CHAIR 3.00
Director
$18,750 $0 $95,000
LAWRENCE L GELLERSTEDT III TRUSTEE VICE CHAIR 2.00
Director
$26,250 $0 $95,000
DAVID P STOCKERT TRUSTEE 1.00
Director
$18,750 $0 $70,000
LYONS GRAY TRUSTEE 1.00
Director
$18,750 $0 $25,000
LIZANNE THOMAS TRUSTEE 1.00
Director
$18,750 $0 $25,000
P RUSSELL HARDIN PRESIDENT - RETIRED 1/31/2025 11.00
Officer
$324,711 $10,955 $1,105,693
ERIK S JOHNSON PRESIDENT - ELECTED 2/1/2025 11.00
Officer
$155,912 $81,452 $585,923
ELI P NIEPOKY TREASURER 11.00
Officer
$118,816 $82,377 $466,817
SARA E BLALOCK SECRETARY - ELECTED 2/1/2025 11.00
Officer
$77,504 $71,213 $321,984
ELIZABETH A SMITH GRANTS PROGRAM DIRECTOR 11.00
Highest
$65,967 $34,663 $248,106
SARAH TABLAN CONTROLLER 11.00
Highest
$65,088 $48,949 $259,549
CARRIE D CONWAY SENIOR PROGRAM OFFICER 11.00
Highest
$50,486 $59,713 $223,067
DAHLIA BROWN PROGRAM OFFICER 11.00
Highest
$37,121 $43,951 $164,060
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $665,581,251 $143,993,083 $4,532,259,056 $521,588,168
2024 No data No data No data No data
2023 $540,613,287 $126,109,963 $3,970,058,445 $414,503,324
2022 $551,574,370 $119,029,760 $4,095,775,433 $432,544,610
2021 $442,744,333 $111,084,652 $3,922,374,719 $331,659,681
2020 $187,984,622 $106,625,591 $3,526,487,187 $81,359,031
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