Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw

Analysis

Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw reported income of $540.6m and spending of $126.1m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $203.0m to $540.6m (+166%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 29% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Foundation for the Carolinas ($538.0m), The Blackbaud Giving Fund ($589.3m) and Paypal Charitable Giving Fund ($504.4m).

Compensation of current officers, directors and key employees was $526k (0.4% of expenses). Other salaries and wages came to $289k. At year end it held assets of $3.97bn against liabilities of $28.1m, net assets of $3.94bn. It reported 14 employees.