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Melvin Douglas And Victoria Kay Ivester Foundation Inc. is a private corporation based in ATLANTA, GA. The foundation received its IRS ruling in 2012. The principal officer is M Douglas Ivester. It holds total assets of $78.6M. Annual income is reported at $37.8M. Total assets have grown from $1K in 2011 to $64.5M in 2023. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Georgia. According to available records, Melvin Douglas And Victoria Kay Ivester Foundation Inc. has made 21 grants totaling $4.9M, with a median grant of $150K. Annual giving has grown from $1.4M in 2020 to $2.1M in 2022. Individual grants have ranged from $6K to $706K, with an average award of $233K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Georgia. Contributions to this foundation are tax-deductible.
Smallest Grant
$6K
Median Grant
$25K
Average Grant
$201K
Largest Grant
$700K
Based on 7 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Melvin Douglas And Victoria Kay Ivester Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in GA.
Melvin Douglas And Victoria Kay Ivester Foundation Inc. has distributed a total of $4.9M across 21 grants. The median grant size is $150K, with an average of $233K. Individual grants have ranged from $6K to $706K.
Melvin Douglas And Victoria Kay Ivester Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Melvin Douglas And Victoria Kay Ivester Foundation Inc. is headquartered in ATLANTA, GA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lynn J Darby | Director, President | $107K | $0 | $107K |
| Swinton A Griffith Iii | Director,CFO,Treasurer,Secretary, | $106K | $0 | $106K |
| M Douglas Ivester | Director | $106K | $0 | $106K |
| Brian K Rochester | Director | $10K | $0 | $10K |
| Oliver C Murray | Director | $10K | $0 | $10K |
| Martha Maron Weber | VP and Asst. Secretary | $0 | $0 | N/A |
Total Giving
$3M
Total Assets
$64.5M
Fair Market Value
$77.7M
Net Worth
$64.5M
Grants Paid
$2.4M
Contributions
$10.5M
Net Investment Income
$5.8M
Distribution Amount
$3.1M
Total: $62.9M
Total Grants
21
Total Giving
$4.9M
Average Grant
$233K
Median Grant
$150K
Unique Recipients
7
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hall County School DistrictHoward E. IvesterEarly College | Gainesville, GA | $706K | 2022 |
| Atlanta Botanical GardenVineyard andOrchard Parking | Atlanta, GA | $650K | 2022 |
| Brenau UniversityStrengthen University'sHealth Sciences programs | Gainesville, GA | $550K | 2022 |
| University Of Georgia FoundationUniversity of Georgia Scholarship | Athens, GA | $76K | 2022 |
| Gainesville City School SystemGainesville CitySchool System TeacherOf Year Program | Gainesville, GA | $20K | 2022 |
| Hall County Library SystemCapital Campaignfor GainesvilleLibrary Renovation | Gainesville, GA | $25K | 2020 |
| Northeast Ga History CenterCarry on Charitable Organization Activities | Gainesville, GA | $6K | 2020 |
ATLANTA, GA
ATLANTA, GA
ATLANTA, GA