Lettie Pate Whitehead Foundation Inc
98% goes to programs Strong reserves Growing revenue
Lettie Pate Whitehead Foundation Inc is a 501(c)(3) organization based in Atlanta, Georgia, registered in 1965, with $233,465,422 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 58-6012629 Since 1965
Revenue (FY2024)
$233.5M
▲ 11.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$65.1M
Net assets
$990.9M
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 Whitehead Foundation Inc: 98% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating183 mo reserves · +72% 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 Whitehead Foundation Inc: 183 mo reserves · +72% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Whitehead Foundation Inc: 5 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 Whitehead Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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 senior women.
What they do
Grants for the care of aged women. grants were paid to 16 homes, hospitals or hospice services in georgia, north carolina, and virginia for the care of aged women according to the terms of the will that established the foundation.
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 $152.4M (FY2020) to $233.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $644Net assets $990.9M
Operating margin
72.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$990.9M
Total liabilities
$644
Net assets
$990.9M
Salaries & benefits
$672K
1% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $233,465,422▲11.9% | $65,078,957▼0.7% | $990,904,679▲20.6% | $990,905,323▲20.6% | 990 |
| 2023 | $208,606,888▲15.5% | $65,556,781▲7.7% | $821,799,702▲23.3% | $821,800,134▲23.3% | 990 |
| 2022 | $180,618,489▼10.2% | $60,862,065▲10.0% | $666,374,877▲22.1% | $666,375,208▲22.1% | 990 |
| 2021 | $201,098,940▲31.9% | $55,333,577 | $545,576,631▲36.8% | $545,577,272▲36.8% | 990 |
| 2020 | $152,413,487 | $55,319,428 | $398,820,387 | $398,820,694 | 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 — $155,414 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| P Russell Hardin | President | 5 | $155,414 |
| Erik S Johnson | Secretary/vice President | 5 | $65,064 |
| Eli P Niepoky | Treasurer | 5 | $55,527 |
| Bolling Spalding | Trustee- Retired 4/3/2024 | 2 | $35,000 |
| Herbert Claiborne III | Trustee Vice Chairman | 2 | $35,000 |
| Lyons Gray | Trustee Chairman | 3 | $30,000 |
| Charlotte Hudson | Alternate Trustee | 1 | $15,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Truist | Investment | $343,642 |
| Parametric | Investment | $296,486 |
| Gannett Welsh & Kotler LLC | Investment | $162,285 |
Grants made · $63.3M in FY2024
208 grants totaling $63.3M in FY2024 — showing the 15 largest. All grants made by Lettie Pate Whitehead Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Emory University | For general, nursing, allied health and public health scholarships. | $2,939,000 |
| The Corporation of Mercer University | For general and nursing scholarships. | $942,000 |
| Westminster-canterbury Foundation | For the care of senior women. | $813,500 |
| Radford University Foundation Inc | For nursing and allied health scholarships. | $810,500 |
| Medical College of Virginia Foundation | For nursing scholarships. | $809,000 |
| University of Virginia Medical School Foundation | For medical and nursing scholarships. | $804,800 |
| Spelman College | For general scholarship support. | $802,000 |
| Augusta University Foundation Inc | For nursing, medical, dental, public health and allied health scholarships. | $760,000 |
| Berry College Inc | For general scholarship support. | $750,000 |
| A G Rhodes Home Inc | For the care of senior women. | $700,000 |
| University of Virginia Alumni Association | For general scholarship support. | $668,750 |
| Agnes Scott College | For general scholarship support. | $616,000 |
| Oglethorpe University Inc | For general scholarship support. | $615,000 |
| Clark Atlanta University Inc | For general scholarship support. | $605,000 |
| Presbyterian Homes of Georgia Inc | For the care of senior women. | $577,000 |
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Compare Lettie Pate Whitehead Foundation Inc
Frequently asked questions
- Is Lettie Pate Whitehead Foundation Inc a legitimate nonprofit?
- Yes. Lettie Pate Whitehead Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-6012629, based in Atlanta, Georgia.
- What is Lettie Pate Whitehead Foundation Inc's EIN?
- Lettie Pate Whitehead Foundation Inc's Employer Identification Number (EIN) is 58-6012629.
- How much revenue does Lettie Pate Whitehead Foundation Inc report?
- Lettie Pate Whitehead Foundation Inc reported $233,465,422 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lettie Pate Whitehead Foundation Inc's spending goes to programs?
- Lettie Pate Whitehead Foundation Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lettie Pate Whitehead Foundation Inc have?
- CharityIndex grades Lettie Pate Whitehead Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Lettie Pate Whitehead Foundation Inc's highest-paid employee make?
- The highest reported compensation on Lettie Pate Whitehead Foundation Inc's latest Form 990 is $155,414, paid to P Russell Hardin (President).
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Data for Lettie Pate Whitehead Foundation Inc (EIN 58-6012629) 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.