KATES FOUNDATION INC
https://WWW.KATES-FOUNDATION.ORG/
$2.7M
Total Assets (2023)
$1.4M
Avg Yearly Giving (2023–2023)
$1.4M
Giving on File
(1 yr)
(1 yr)
13
Grants on File
$105K
Avg Grant Size
About
THE KATES FOUNDATION, INC DISSOLVED ON 12/31/2023. ALL REMAINING ASSETS WERE DISTRIBUTED TO THE BANK OF AMERICA CHARITABLE GIFT FUND. THE BALANCE IN THE BANK OF AMERICA CASH, CHECKING AND BROKERAGE ACCOUNTS WAS 0.00 BY 12/31/2023. A SMALL AMOUNT OF FULLY DEPRECIATED OFFICE EQUIPMENT WAS DISPOSED OF.
Focus Areas
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
LISA KATES
Phone
9415446693
Deadlines
NA
How to Apply
NA
Restrictions
ORGANIZATION IS FILING A FINAL YEAR RETURN AND ALL ASSETS HAVE BEEN DISBURSED TO OTHER CHARITABLE ORGANIZATIONS.
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | N/A | $2.4M | $34K | N/A |
| 2021 | N/A | $2.7M | $175K | N/A |
| 2023 | $1.4M | $0 | $61K | 13 |
Grant Size Distribution
Based on 13 grants on record
Minimum
$5K
25th Pctl
$5K
Median
$10K
Average
$105K
75th Pctl
$25K
Maximum
$1.2M
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| MENA LISA KATES | PRESIDENT/TREASURER | — |
| CHRISTOPHER QUINTERO | OFFICER | — |
| HANNAH B KATES | VICE-PRESIDENT | — |
| RICHARD LABRIE JUNIOR | VICE-CHAIRMAN & SECRETARY | — |
| CHERRIE MCDONOUGHDECEASED 8312020 | VICE-CHAIRMAN | — |
| PATTI WERTHEIMER | SECRETARY | — |
Grants Awarded (13 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| BANK OF AMERICA CHARITABLE GIFT FUND | BOSTON, MA | $1,183,567 | DISTRIBUTION OF REMAINING ASSETS OF THE ORGANIZATION UPON DISSOLUTION. | 2023 |
| ASHVILLE JEWISH COMMUNITY CENTER | ASHEVILLE, NC | $50,000 | GENERAL | 2023 |
| VECINOS | CULLOWHEE, NC | $40,000 | GENERAL | 2023 |
| PLANNED PARENTHOOD | SARASOTA, FL | $25,000 | GENERAL | 2023 |
| HOMEWARD BOUND | ASHEVILLE, NC | $10,563 | GENERAL | 2023 |
| HELPMATE INC | ASHEVILLE, NC | $10,010 | GENERAL | 2023 |
| MANNA FOODBANK | ASHEVILLE, NC | $10,000 | FOOD DRIVE | 2023 |
| PISGAH LEGAL SERVICES | ASHEVILLE, NC | $7,840 | GENERAL | 2023 |
| HELPING AT RISK KIDS (HARK) | ASHEVILLE, NC | $6,250 | GENERAL | 2023 |
| OPEN DOORS ASHEVILLE | ASHEVILLE, NC | $5,010 | GENERAL | 2023 |
| MY DADDY TAUGHT ME THAT | ASHEVILLE, NC | $5,000 | GENERAL | 2023 |
| LITERACY TOGETHER | ASHEVILLE, NC | $5,000 | GENERAL | 2023 |
| CONGREGATION BETH HATEPHILA SISTERHOOD | ASHEVILLE, NC | $5,000 | GENERAL | 2023 |