Lettie Pate Whitehead Foundation Inc

EIN: 586012629 501(c)(3)

Atlanta, GA

Total Revenue
$208,606,888
Total Expenses
$65,556,781
Total Assets
$821,800,134
Net Assets
$821,799,702
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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
GA
Principal Officer
P Russell Hardin
Phone
4045226755
Tax Period
2023-01-01 to 2023-12-31

Lettie Pate Whitehead Foundation Inc is a 501(c)(3) with EIN 586012629, based in Atlanta, GA. Founded in 1946, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $208,606,888 in total revenue and $65,556,781 in total expenses, with net assets of $821,799,702.

Mission

To support the education and care of women in nine southeastern states. The organization makes scholarship grants to schools and colleges for deserving female students. The organization also supports selected nursing homes and hospices serving the needs of elderly women.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $208,564,138
Other Revenue $42,750
TOTAL REVENUE $208,606,888

Expense Breakdown

Grants Paid $63,956,794
Salaries & Benefits $553,288
Fundraising Expenses $0
Program Expenses $64,334,299
Other Expenses $1,046,699
TOTAL EXPENSES $65,556,781

Year-over-Year Comparison

2023 2022 Change
Revenue $208,606,888 $180,618,489 +0.2%
Expenses $65,556,781 $60,862,065 +0.1%
Net Income $143,050,107 $119,756,424 +0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
14
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
3
$224,434
Total Directors
4
$115,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYONS GRAY TRUSTEE CHAIRMAN 3.00
Director
$45,000 $0 $45,000
BOLLING SPALDING TRUSTEE VICE CHAIRMAN 2.00
Director
$35,000 $0 $35,000
HERBERT CLAIBORNE III TRUSTEE 2.00
Director
$35,000 $0 $35,000
CHARLOTTE HUDSON ALTERNATE TRUSTEE (ELECTED 11/8/2023) 1.00
Director
$0 $0 $0
P RUSSELL HARDIN PRESIDENT 5.00
Officer
$93,025 $9,738 $102,763
ERIK S JOHNSON SECRETARY/VICE PRESIDENT 5.00
Officer
$54,733 $8,502 $63,235
ELI P NIEPOKY TREASURER 5.00
Officer
$48,487 $9,949 $58,436
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
2024 No data No data No data No data
2023 $208,606,888 $65,556,781 $821,800,134 $143,050,107
2022 $180,618,489 $60,862,065 $666,375,208 $119,756,424
2021 $201,098,940 $55,333,577 $545,577,272 $145,765,363
2020 $152,413,487 $55,319,428 $398,820,694 $97,094,059
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