2024-05-13T09:19:36-05:00 2023-12-31 990 2023-01-01 237282939 Lettie Pate Evans Foundation Inc Restricted u/w of Lettie Pate Evans LETT 4045226755 191 Peachtree Street NE 3540 Atlanta GA 303031799 P Russell Hardin President 4045226755 2024-05-13 P Russell Hardin 999009999 0 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z P Russell Hardin 191 Peachtree St NE 3540 Atlanta GA 30303 1116392328 0 X www.lpevans.org X 1945 GA 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 $1.8 billion in distributions since the Fund's inception. 5 5 14 0 0 0 0 0 0 0 551574370 540613287 0 0 551574370 540613287 115726225 122796533 0 0 1342005 963969 0 0 0 1961530 2349461 119029760 126109963 432544610 414503324 4095775433 3970058445 25976793 28125303 4069798640 3941933142 X To provide to certain named beneficiaries annual monetary support designated by amount or percentage in the will of Lettie Pate Evans, deceased. 0 0 98737765 98229786 Grants for Education. Grants were awarded to seven schools in Georgia and Virginia according to the terms of the will that created the Restricted Fund, including Berry College, Episcopal High School in Virginia, Georgia Institute of Technology, Protestant Episcopal Theological Seminary, Tallulah Falls School, Washington and Lee University and The William and Mary Foundation. The governing boards of those recipient schools have full discretion to allocate grant funds. 18513331 18418085 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. 6171412 6139662 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. 6031 6000 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. 3015 3000 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. 9046 9000 123431554 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 5 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X X Erik S Johnson Secretary 4045226755 191 Peachtree Street NE Suite 3540 Atlanta GA 30303 JAMES B WILLIAMS TRUSTEE CHAIR EMERITUS 1.00 4.00 X 18750 56250 0 E JENNER WOOD III TRUSTEE CHAIR 3.00 11.00 X 18750 66250 0 LAWRENCE L GELLERSTEDT III TRUSTEE VICE CHAIR 2.00 5.00 X 26250 58750 0 DAVID P STOCKERT TRUSTEE 1.00 3.00 X 18750 37917 0 LYONS GRAY TRUSTEE 1.00 1.00 X 18750 6250 0 P RUSSELL HARDIN PRESIDENT 11.00 33.00 X 177873 441134 64799 ERIK S JOHNSON SECRETARY & VICE PRESIDENT 11.00 33.00 X 104656 259552 56576 ELI P NIEPOKY TREASURER 11.00 33.00 X 92712 229932 66203 ELIZABETH A SMITH GRANTS PROGRAM DIRECTOR 11.00 28.00 X 55919 138682 28925 CARRIE D CONWAY SENIOR PROGRAM OFFICER 11.00 28.00 X 40404 100204 41667 SARAH TABLAN CONTROLLER 11.00 28.00 X 50243 124604 39380 KATRINA H VOEGTLIN ASSISTANT CONTROLLER 11.00 28.00 X 32789 81319 44626 DAHLIA BROWN PROGRAM OFFICER 11.00 28.00 X 31816 78905 38912 687662 1679749 381088 2 0 1 0 PARAMETRIC PO BOX 398212 SAN FRANCISCO CA 94139 INVESTMENT MANAGER 1426402 TRUIST 303 PEACHTREE ST ATLANTA GA 30308 INVESTMENT ADVISOR 674998 2 126109963 126109963 990282365 575779041 414503324 414503324 414503324 540613287 0 0 540613287 122796533 122796533 525502 281474 244028 289332 160085 129247 42762 23566 19196 73261 38678 34583 33112 17962 15150 8896 8896 23081 23081 2101400 2101400 8827 4855 3972 25324 13928 11396 74189 40804 33385 5448 2983 2465 14137 4450 9687 2262 1244 1018 10127 10127 Federal excise taxes 66115 36363 29752 Organization dues 8423 7950 473 1232 679 553 126109963 123431554 2678409 0 5471 5342 536299 10334551 108389 102391 8260 5998 1592057704 1994191799 2502899373 1965172713 268326 348042 4095775433 3970058445 25716925 27787233 259868 338070 25976793 28125303 X 4061836874 3933971376 7961766 7961766 4069798640 3941933142 4095775433 3970058445 414503324 -542368822 0 X 0 1 X 1 0 X X 14 Berry College 580566133 2 1 24143385 0 Emory University 580566256 2 1 6035846 0 Episcopal High School in Virginia 540506326 2 1 6035846 0 Georgia Institute of Technology 586002023 2 1 18107539 0 Protestant Episcopal Theological Seminary 540505937 1 1 12071693 0 Tallulah Falls School Inc 580600867 2 1 12071693 0 Trustees of Old Customs House 546052460 10 1 300 0 Virginia Museum of Fine Arts Foundation 510205333 7 1 6035846 0 Washington and Lee University 540505977 2 1 18107539 0 William and Mary Foundation 540734117 5 1 6035846 0 Bath County Community Hospital (Hot Springs Valley Nursing Association Inc 540505913 3 1 6035846 0 Children's Healthcare of Atlanta Foundation 581710601 7 1 6035846 0 Bruton Parish Church Endowment Fund Inc 546036077 1 1 6000 0 Boys' Home Inc 540505870 1 1 3000 0 14 120726225 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X Part IV, Section D, Line 3 Trustees of the Lettie Pate Evans Foundation are particularly sensitive to the needs of the Restricted Fund's supported organizations because they have all served as members of the governing boards of certain supported organizations. The Chairman of the Evans Foundation currently serves as a trustee of two supported organizations. Other trustees serve as emeritus trustees of supported organizations. Income from the Evans Restricted Fund is distributed in grants apportioned according to a formula prescribed in the will of Ms. Lettie Pate Evans. Supported organizations maintain full discretion in using that income even if no discretion exists for the Restricted Fund to alter the formula by which grants are made. Trustees and executive leadership of the supported organizations often meet with Restricted Fund leadership to discuss the Fund's investment philosophy, asset allocation and investment returns. Each of the supported organizations that receives a percentage of the Restricted Fund's annual income regularly expresses its interest in maintaining a reliable, steadily growing income stream from the Restricted Fund. And each supported organization regularly expresses support for the Restricted Fund's record of growing annual distributions since inception. The Restricted Fund provides audited financial statements annually to the supported organizations. Based on the trustees' first-hand knowledge of the needs of the supported organizations and discussions with leadership of the supported organizations, the Restricted Fund has maintained an investment policy that seeks reliable, steady growth in income over time. Part V, Line 1 The Evans Restricted Fund meets the integral part test because it was a qualifying trust on November 20, 1970 and it continues to meet the requirements of Treasury Regulations 1.509(a)-4(i)(9). The Evans Restricted Fund is a trust that was created in 1953, and it has received no grant, contribution, bequest, or other transfer after its creation prior to November 20, 1970. All unexpired interests in the Evans Restricted Fund are devoted to one or more charitable purposes described in Internal Revenue Code 170(c)(1) or (c)(2)(B) for which a deduction was allowed. The Evans Restricted Fund is required by its governing instrument to distribute all of its net income currently to certain designated supported organizations in fixed shares according to the governing instrument. The trustee of the Evans Restricted Fund - the Lettie Pate Evans Foundation, Inc. - has no discretion to vary either the beneficiary supported organizations nor the amounts payable to the supported organizations. No trustees are disqualified persons within the meaning of Internal Revenue Code 4946(a) (other than foundation managers as defined in 4946(a)(1)(B)). And the Evans Restricted Fund sends annually to its supported organizations a written audit report and a copy of its Form 990 tax return, both of which include a listing of the Fund's assets and income. 33930 27932 5998 74459 74459 0 5998 33,347,577 SHS OF THE COCA-COLA COMPANY STOCK 1965172713 F 1965172713 457(b) Plan 337791 Benefit Plan 279 338070 -1755535 -542368822 -542368822 540613287 0 540613287 126109963 0 126109963 0 126109963 1 Berry College 39 Mount Berry Station Rome GA 30149 580566133 501(c)(3) 24557447 0 General support Emory University Emory University Atlanta GA 30322 580566256 501(c)(3) 6139362 0 Toward the Whitehead Surgical Pavilion and other general support Episcopal High School in Virginia 1200 North Quaker Lane Alexandria VA 22302 540506326 501(c)(3) 6139362 0 General support Georgia Institute of Technology Georgia Institute of Technology Atlanta GA 30332 586002023 501(c)(3) 18418084 0 General support Protestant Episcopal Theological Seminary 3737 Seminary Road Alexandria VA 22304 540505937 501(c)(3) 12278723 0 General support Tallulah Falls School Inc PO Box 10 Tallulah Falls GA 30573 580600867 501(c)(3) 12278723 0 General support Virginia Museum of Fine Arts Foundation 200 North Boulevard Richmond VA 23220 510205333 501(c)(3) 6139362 0 General support Washington and Lee University Washington and Lee University Lexington VA 24450 540505977 501(c)(3) 18418084 0 General support William and Mary Foundation Drawer 8795 Williamsburg VA 23187 540734117 501(c)(3) 6139362 0 General support Bath County Community Hospital (Hot Springs Valley Nursing Assn Inc) PO Box 774 Hot Springs VA 24445 540505913 501(c)(3) 6139362 0 General support Children's Healthcare of Atlanta Foundation 1600 Tullie Cir Atlanta GA 30329 581710601 501(c)(3) 6139362 0 General support Bruton Parish Church Endowment Fund Inc 102 Willoughby Drive Williamsburg VA 23185 546036077 501(c)(3) 6000 0 General support 12 Part I, Line 2: Emory University submits detailed written reports annually on its use of grant money for maintenance of a surgical pavilion at Emory Hospital. According to the terms of the will that created the Restricted Fund, the governing boards of other recipient institutions maintain full discretion in allocating grant funds. Recipient institutions report periodically on how grant funds are used as part of the general operating budget. Restricted Fund staff and trustees regularly visit with recipient institutions. X 0 1 X X 0 1 0 0 0 0 0 0 0 P RUSSELL HARDIN PRESIDENT 171768 425993 0 0 6105 15141 6339 15721 12281 30458 196493 487313 0 0 ERIK S JOHNSON SECRETARY & VICE PRESIDENT 99158 245917 0 0 5498 13635 9685 24021 6572 16298 120913 299871 0 0 ELI P NIEPOKY TREASURER 86936 215607 0 0 5776 14325 7852 19473 11172 27706 111736 277111 0 0 ELIZABETH A SMITH GRANTS PROGRAM DIRECTOR 52058 129108 0 0 3861 9574 4337 10755 3975 9858 64231 159295 0 0 SARAH TABLAN CONTROLLER 46812 116095 0 0 3431 8509 3899 9672 7416 18393 61558 152669 0 0 CARRIE D CONWAY SENIOR PROGRAM OFFICER 37588 93219 0 0 2816 6985 3131 7765 8842 21929 52377 129898 0 0 KATRINA H VOEGTLIN ASSISTANT CONTROLLER 31731 78693 0 0 1058 2626 4760 11804 8064 19998 45613 113121 0 0 Part I, Line 1a The organization pays each employee's share of Social Security and Medicare taxes on the cost of excess group-term life included in gross wages. The policy and associated gross-up payments cover all employees. Part I, Line 1b The organization does not have a written policy regarding tax gross-up payments; however, management approves the payments each year. Part I, Line 4b The Foundation credited Erik Johnson with $3,346 and Eli Niepoky with $1,513 to an unfunded, unvested 457(f) Plan. These amounts are included in Part II, column C. Form 990, Part V, Lines 2a and 2b: The organization participates in a common administrative arrangement with five other charitable organizations. All employees are paid by a common paymaster that remits all payroll taxes and files the associated W-2s. Each organization reimburses the common paymaster for its proportionate share of administrative expenses. Fourteen individuals were employed during the calendar year. Form 990, Part VI, Section A, line 2 Trustee E. Jenner Wood III and President P. Russell Hardin serve as directors of the Genuine Parts Company, a publicly traded corporation that is unrelated to the Lettie Pate Evans Restricted Fund. Trustees Lawrence L. Gellerstedt III and David P. Stockert are partners in private real estate investment company Sweetwater Holdings. Form 990, Part VI, Section B, line 11b The Form 990 is prepared with financial data which has been reviewed by the governing board. The Assistant Controller prepares the 990 with the aid of tax preparation software. Numbers are verified against financial statements. The 990 is then reviewed by the Controller, Treasurer, Secretary and President. The draft 990 is distributed to all governing board members for their review prior to filing, leaving adequate time for comments and corrections. Form 990, Part VI, Section B, line 12c Officers and trustees disclose annually those affiliations which may give rise to a conflict of interest. The Secretary keeps conflict disclosures on file. Trustees consider conflicts or potential conflicts before committing fund assets. Disclosure is made on the record. Officers consult the list of conflicts or potential conflicts when making vendor decisions. Form 990, Part VI, Section B, line 15 The governing board determines compensation for all officers (including the President, Vice President/Secretary and Treasurer) and all staff. In setting compensation, trustees consult two independent compensation studies showing compensation data at comparable organizations. Individual compensation amounts are evaluated and determined annually as part of the budgeting process conducted at the board's November meeting; 2023 compensation was determined during the November 2022 board meeting. Form 990, Part VI, Section C, line 19 The organization's governing documents and audited financial statements are available on the organization's website. The conflict of interest policy is kept by the organization's Secretary and is made available upon request. Robert W Woodruff Foundation Inc 191 Peachtree St NE Ste 3540 Atlanta GA 30303 581695425 Grantmaking GA 501(C)(3) PF N/A 0 Joseph B Whitehead Foundation 191 Peachtree St NE Ste 3540 Atlanta GA 30303 586001954 Grantmaking GA 501(C)(3) PF N/A 0 Lettie Pate Evans Foundation Inc 191 Peachtree St NE Ste 3540 Atlanta GA 30303 586004644 Grantmaking GA 501(C)(3) PF N/A 0 Ichauway Inc 3988 Jones Center Drive Newton GA 39870 581824778 Ecological Research GA 501(C)(3) PF N/A 0 Berry College 39 Mount Berry Station Rome GA 30149 580566133 Higher Education GA 501(C)(3) 2 N/A 0 Emory University Emory University Atlanta GA 30322 580566256 Higher Education GA 501(C)(3) 2 N/A 0 Episcopal High School in Virginia 1200 North Quaker Lane Alexandria VA 22302 540506326 Secondary Education VA 501(C)(3) 2 N/A 0 Georgia Institute of Technology Georgia Institute of Technology Atlanta GA 30332 586002023 Higher Education GA 501(C)(3) 2 N/A 0 Protestant Episcopal Theological Seminary 3737 Seminary Road Alexandria VA 22304 540505937 Higher Education VA 501(C)(3) 2 N/A 0 Tallulah Falls School Inc PO Box 10 Tallulah Falls GA 30573 580600867 Primary and Secondary Education GA 501(C)(3) 2 N/A 0 Trustees of Old Customs House 2064 Hornes Lake Road Williamsburg VA 23185 546052460 Historic Preservation VA 501(C)(3) 7 N/A 0 Virginia Museum of Fine Arts Foundation 200 North Boulevard Richmond VA 23220 510205333 Museum VA 501(C)(3) 7 N/A 0 Washington and Lee University Washington and Lee University Lexington VA 24450 540505977 Higher Education VA 501(C)(3) 2 N/A 0 William and Mary Foundation Drawer 8795 Williamsburg VA 23187 540734117 Higher Education VA 501(C)(3) 5 N/A 0 Bath County Community Hospital PO Box 774 Hot Springs VA 24445 540505913 Health Care VA 501(C)(3) 3 N/A 0 Children's Healthcare of Atlanta Foundation 1600 Tullie Cir Atlanta GA 30329 581710601 Health Care GA 501(C)(3) 7 N/A 0 Bruton Parish Church Endowment Fund Inc 102 Willoughby Drive Williamsburg VA 23185 546036077 Religion VA 501(C)(3) 1 N/A 0 Boys' Home Inc 306 Boys Home Road Covington VA 24426 540505870 Child Welfare VA 501(C)(3) 1 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0