Form 990 for tax year 2022

Totals

Total revenue

$551,574,370

Total expenses

$119,029,760

Contributions and grants received

$0

Grants paid

$115,726,225

Program service revenue

$0

Investment income

$551,574,370

Other revenue

$0

Total assets, end of year

$4,095,775,433

Total liabilities, end of year

$25,976,793

Net assets or fund balances, end of year

$4,069,798,640

Program services expenses (Part IX)

$116,591,762

Management and general expenses

$2,437,998

Fundraising expenses

$0

Program service expenses (Part III)

$116,591,762

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $93,265,914 · Grants $92,573,540

• 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.

  Expenses $17,487,359 · Grants $17,357,539

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $5,829,422 · Grants $5,786,146

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $6,045 · Grants $6,000

• Grants for Child Welfare. One grant was awarded to Boys' Home in Covington, Virginia according to the terms of the will that created the Restricted Fund. The Boys' Home governing board has full discretion to allocate grant funds.

  Expenses $3,022 · Grants $3,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Berry College

  $23,143,385

  General support

• Georgia Institute of Technology

  $17,357,539

  General support

• Washington and Lee University

  $17,357,539

  General support

• Protestant Episcopal Theological Seminary

  $11,571,693

  General support

• Tallulah Falls School Inc

  $11,571,693

  General support

• Emory University

  $5,785,846

  Toward the Whitehead Surgical Pavilion and other general support

• Episcopal High School in Virginia

  $5,785,846

  General support

• Virginia Museum of Fine Arts Foundation

  $5,785,846

  General support

• William and Mary Foundation

  $5,785,846

  General support

• Bath County Community Hospital (Hot Springs Valley Nursing Assn Inc)

  $5,785,846

  General support

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Robert W Woodruff Foundation Inc

  501(C)(3) · Grantmaking · GA

• Joseph B Whitehead Foundation

  501(C)(3) · Grantmaking · GA

• Lettie Pate Evans Foundation Inc

  501(C)(3) · Grantmaking · GA

• Ichauway Inc

  501(C)(3) · Ecological Research · GA

• Berry College

  501(C)(3) · Higher Education · GA

• Emory University

  501(C)(3) · Higher Education · GA

• Episcopal High School in Virginia

  501(C)(3) · Secondary Education · VA

• Georgia Institute of Technology

  501(C)(3) · Higher Education · GA

• Protestant Episcopal Theological Seminary

  501(C)(3) · Higher Education · VA

• Tallulah Falls School Inc

  501(C)(3) · Primary and Secondary Education · GA

• Trustees of Old Customs House

  501(C)(3) · Historic Preservation · VA

• Virginia Museum of Fine Arts Foundation

  501(C)(3) · Museum · VA

• Washington and Lee University

  501(C)(3) · Higher Education · VA

• William and Mary Foundation

  501(C)(3) · Higher Education · VA

• Bath County Community Hospital

  501(C)(3) · Health Care · VA

• Children's Healthcare of Atlanta Foundation

  501(C)(3) · Health Care · GA

• Bruton Parish Church Endowment Fund Inc

  501(C)(3) · Religion · VA

• Boys' Home Inc

  501(C)(3) · Child Welfare · VA

Provenance

Return type

form_990

Tax year

2022

Filed

11 May 2023

IRS schema version

2022v5.0

Source object

202341319349300739

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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