Atlantic Charitable Fund

BEAUFORT, SC EIN: 01-0518429 Website

Atlantic Charitable Fund is a private foundation established in 1999 and based in Beaufort, South Carolina, that supports non-profit organizations addressing homelessness, domestic violence, and substance abuse. The foundation operates with no full-time employees and provides support through direct grants, staff training programs in Maine, organizational consultation, research funding, and advocacy efforts related to homelessness.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$1.0M

-2.0% YoY

Annual Giving

$78K

+29.7% YoY

Grant Count

6

+100.0% YoY

Avg Grant Size

$13K

-35.1% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$44K$89K$133K$177K20202021202220232024
Metric202420232022
Total Assets$1,013,190$1,034,134$968,180
Revenue$108,186$98,884$46,240
Expenses$132,153$110,544$161,025
Qualifying Distributions$116,805$96,725$147,736
Net Investment Income$94,426$85,447$32,951
Distributable Amount$49,250$48,663$51,831

Giving Over Time

Total grant dollars and number of grants per year

$0$27K$53K$80K$107K5 grants202015 grants202113 grants20223 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Trinity Jubilee Center$35KTedford Housing$17KMilestone Recovery$13KNew Beginnings Inc$6KThe Northern Lighthouse$6KGenesis Community Loan F…$1K

Grant Size Distribution

42 grants across all recorded years

42<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Atlantic Charitable Fund fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Alan J PethickPresident/Director$28K

From 2024 filing

NameTitleHoursCompensation
Alan J PethickPresident/Director15$28,000
Mark R SwannVice President/Director1
Horace W HortonTreasurer/Secretary/Direct1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

AugustaBangorBrunswickLeedsLewistonMars HillOrlandPortlandPresque IsleRocklandRumfordWaterville

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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