As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $3,840,000. This amount represents 25% or more of the Foundation's net assets of $13,812,118 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Arts & Culture
Application Information
Accepts Unsolicited ProposalsNo — Preselected Only
Phone8008391754
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
Year
Total Giving
Total Assets
Revenue
Grants
2016
$128K
$4.6M
$1.6M
11
2017
$275K
$11.1M
$6.4M
28
2018
$940K
$10.3M
$1.3M
42
2019
N/A
$13.3M
$2.6M
N/A
2020
$1.3M
$13.7M
$1.6M
41
2021
$882K
$14.7M
$939K
45
2022
$966K
$13.4M
$2.1M
46
2023
$1.2M
$13.8M
$1.1M
38
2024
$3.8M
$19.5M
$10.7M
45
Grant Size Distribution
Based on 296 grants on record
Minimum
$500
25th Pctl
$10K
Median
$12K
Average
$32K
75th Pctl
$25K
Maximum
$1.2M
Geographic Distribution
Key Personnel
Name
Title
Compensation
David A Whitcomb
Dir, Sec
—
Elizabeth Whitcomb
Pres, Dir
—
Richard A Whitcomb
Dir, Treas
—
Richard W Whitcomb
Dir, VP
—
Jannah Overcast
Dir
—
Brendan P Whitcomb
Dir
—
Grants Awarded
(296 total)
Purpose
IMMACULATE HEART OF MARY CATHOLIC CHURCH
ATLANTA, GA
$1,200,000
Parish Hall
2024
EAGLE RANCH INC
FLOWERY BRANCH, GA
$1,025,000
General & Unrestricted
2024
KNOX COLLEGE
GALESBURG, IL
$525,000
General & Unrestricted
2020
IMMACULATE HEART OF MARY CATHOLIC CHURCH
ATLANTA, GA
$330,000
Historic Church Renovation
2023
FURKIDS INC
CUMMING, GA
$300,000
Three Large Dog Suites in the Dog Shelter
2024
EAGLE RANCH INC
FLOWERY BR, GA
$200,000
Girls Wellness Center
2018
ANCHORAGE INC
LEESBURG, GA
$200,000
Women's Center
2024
MICHAELS WAY
FORT WASHINGTON, PA
$105,000
General & Unrestricted
2024
EAGLE RANCH INC
FLOWERY BR, GA
$100,000
Girls Wellness Center
2018
EAGLE RANCH INC
FLOWERY BR, GA
$100,000
Girls Wellness center
2018
EAGLE RANCH INC
FLOWERY BRANCH, GA
$100,000
Wings
2022
EAGLE RANCH INC
FLOWERY BRANCH, GA
$75,000
Whitcomb Family Initiatives
2021
EAGLE RANCH INC
FLOWERY BRANCH, GA
$75,000
Whitcomb Family Initiatives (Endowment for Therapy Program and Girls Center)
2020
EAGLE RANCH INC
FLOWERY BRANCH, GA
$75,000
Whitcomb Family Initiatives (Endowment for Therapy Program and Girls Center)