Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw
98% goes to programs Strong reserves Growing revenue
Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw is a 501(c)(3) organization based in Atlanta, Georgia, registered in 1973, with $641,256,932 in FY2024 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
191 Peachtree St Ne Ste 3540, Atlanta, GA, 30303 EIN 23-7282939 Since 1973
Revenue (FY2024)
$641.3M
▲ 18.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$138.3M
Net assets
$4.2B
Employees
14
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw: 98% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating367 mo reserves · +78% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw: 367 mo reserves · +78% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
Grants for health. grants were awarded to children's healthcare of atlanta and bath county community hospital in hot springs, virginia according to the terms of the will that created the restricted fund. funds received by emory university are used to maintain a surgical pavilion at emory hospital. the governing boards of the other hospitals have full discretion to allocate grant funds.
Grants for cultural activities. grants were awarded to the virginia museum of fine arts and the trustees of old customs house in yorktown, virginia according to the terms of the will that created the restricted fund. the governing boards of those institutions have full discretion to allocate grant funds.
Grants for religion. one grant was awarded to bruton parish church endowment fund in williamsburg, virginia according to the terms of the will that created the restricted fund. the church's governing board has full discretion to allocate grant funds.
Contact & location
- Address
- 191 Peachtree St Ne Ste 3540, Atlanta, GA, 30303
- City
- Atlanta
- State
- Georgia
- Subcategory
- Philanthropy Programs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $188.0M (FY2020) to $641.3M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $30.8MNet assets $4.2B
Operating margin
78.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.3B
Total liabilities
$30.8M
Net assets
$4.2B
Salaries & benefits
$1.2M
1% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $641,256,932▲18.6% | $138,283,769▲9.7% | $4,223,452,027▲7.1% | $4,254,242,645▲7.2% | 990 |
| 2023 | $540,613,287▼2.0% | $126,109,963▲5.9% | $3,941,933,142▼3.1% | $3,970,058,445▼3.1% | 990 |
| 2022 | $551,574,370▲24.6% | $119,029,760▲7.2% | $4,069,798,640▲4.4% | $4,095,775,433▲4.4% | 990 |
| 2021 | $442,744,333▲136% | $111,084,652▲4.2% | $3,897,353,257▲11.2% | $3,922,374,719▲11.2% | 990 |
| 2020 | $187,984,622 | $106,625,591 | $3,503,635,683 | $3,526,487,187 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: P Russell Hardin — $293,010 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| P Russell Hardin | President | 11 | $293,010 |
| Erik S Johnson | Secretary & Vice President | 11 | $122,669 |
| Eli P Niepoky | Treasurer | 11 | $104,688 |
| Elizabeth A Smith | Grants Program Director | 11 | $59,002 |
| Sarah Tablan | Controller | 11 | $52,656 |
| Carrie D Conway | Senior Program Officer | 11 | $44,267 |
| Katrina H Voegtlin | Assistant Controller | 11 | $35,220 |
| Dahlia Brown | Program Officer | 11 | $32,718 |
| Lawrence L Gellerstedt III | Trustee Vice Chair | 2 | $26,250 |
| David P Stockert | Trustee | 1 | $18,750 |
| E Jenner Wood III | Trustee Chair | 3 | $18,750 |
| Lyons Gray | Trustee | 1 | $18,750 |
| Lizanne Thomas | Trustee-elected 11/5/2024 | 1 | $3,125 |
| James B Williams | Trustee-deceased 1/23/2024 | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Parametric | Investment Manager | $1,691,357 |
| Truist | Investment Advisor | $842,891 |
Grants made · $134.4M in FY2024
12 grants totaling $134.4M in FY2024. All grants made by Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw →
| Recipient | Purpose | Amount |
|---|---|---|
| Berry College Inc | General support | $26,874,626 |
| Washington & Lee University | General support | $20,155,969 |
| Georgia Institute of Technology | General support | $20,155,969 |
| Protestant Episcopal Theological Seminary In Virginia | General support | $13,437,312 |
| Tallulah Falls School Inc | General support | $13,437,312 |
| Childrens Healthcare of Atlanta Inc | General support | $6,718,656 |
| Virginia Museum of Fine Arts Foundation | General support | $6,718,656 |
| Emory University | Toward the whitehead surgical pavilion and other general support | $6,718,656 |
| Protestant Episcopal High School In Virginia | General support | $6,718,656 |
| William & Mary Foundation | General support | $6,718,656 |
| Bath County Community Hospital | General support | $6,718,656 |
| Bruton Parish Church Endowment Fund Inc | General support | $6,000 |
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Compare Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw
Frequently asked questions
- Is Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw a legitimate nonprofit?
- Yes. Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7282939, based in Atlanta, Georgia. Donations are tax-deductible.
- What is Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw's EIN?
- Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw's Employer Identification Number (EIN) is 23-7282939.
- How much revenue does Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw report?
- Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw reported $641,256,932 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw's spending goes to programs?
- Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw have?
- CharityIndex grades Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw A, based on program efficiency and fundraising cost.
- How much does Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw's highest-paid employee make?
- The highest reported compensation on Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw's latest Form 990 is $293,010, paid to P Russell Hardin (President).
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Data for Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw (EIN 23-7282939) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.