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 · View filing
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
Under IRS private-foundation payout rules, Atlantic Charitable Fund reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About Atlantic Charitable Fund
Based on IRS filings
Atlantic Charitable Fund is a private foundation focused on Human Services, based in BEAUFORT, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 6 grants totaling $78K. Net investment income was $94K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Trinity Jubilee Center ($35,000), Tedford Housing ($17,000), Milestone Recovery ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Genesis Community Loan Fund Brunswick, ME | Support for homeless, domestic violence, and substance abuse programs | $1,000 |
| Milestone Recovery Portland, ME | Support for homeless, domestic violence, and substance abuse programs | $12,500 |
| New Beginnings Inc Lewiston, ME | Support for homeless, domestic violence, and substance abuse programs | $6,000 |
| Tedford Housing Brunswick, ME | Support for homeless, domestic violence, and substance abuse programs | $17,000 |
| The Northern Lighthouse Mars Hill, ME | Support for homeless, domestic violence, and substance abuse programs | $6,000 |
| Trinity Jubilee Center Lewiston, ME | Support for homeless, domestic violence, and substance abuse programs | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alan J Pethick | President/Director | 15 | $28,000 |
| Mark R Swann | Vice President/Director | 1 | — |
| Horace W Horton | Treasurer/Secretary/Direct | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Atlantic Charitable Fund?
Atlantic Charitable Fund is a private foundation focused on Human Services, based in BEAUFORT, SC. It holds $1.0M in total assets as of 2024.
How large is Atlantic Charitable Fund?
As of 2024, Atlantic Charitable Fund holds $1.0M in total assets with $108K in annual revenue. It awarded 6 grants totaling $78K in 2024.
Where does Atlantic Charitable Fund operate?
Atlantic Charitable Fund has awarded grants in Maine.
What size grants does Atlantic Charitable Fund award?
In 2024, Atlantic Charitable Fund awarded 6 grants totaling $78K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Atlantic Charitable Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Atlantic Charitable Fund reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Atlantic Charitable Fund's EIN?
Atlantic Charitable Fund's EIN (Employer Identification Number) is 01-0518429. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Atlantic Charitable Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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