Atlantic Charitable Fund
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.
Atlantic Charitable Fund at a glance
In short: Atlantic Charitable Fund gave $78K across 6 grants in 2024 (avg $13K), mostly in Maine. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $77,500
- +29.7% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $12,917
- -35.1% vs 2023
- Median grant
- $9,250
- Total assets
- $1,013,190
- -2.0% vs 2023
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Atlantic Charitable Fund funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Trinity Jubilee Center ($35K). Together the top 6 received $78K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 42 grants of 42 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Atlantic Charitable Fund gives
- Giving grew 31% from 2021 to 2024. Method
- In 2024 it paid out 237% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $52K (2020) to $107K (2022). In 2024 it made 6 grants totaling $78K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trinity Jubilee Center Lewiston, ME | Support for homeless, domestic violence, and substance abuse programs | $35,000 |
| Tedford Housing Brunswick, ME | Support for homeless, domestic violence, and substance abuse programs | $17,000 |
| 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 |
| The Northern Lighthouse Mars Hill, ME | Support for homeless, domestic violence, and substance abuse programs | $6,000 |
| Genesis Community Loan Fund Brunswick, ME | Support for homeless, domestic violence, and substance abuse programs | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,013,190 | $108,186 | $132,153 | $77,500 | 6 | $116,805 | $94,426 | $49,250 |
| 2023 | $1,034,134 | $98,884 | $110,544 | $59,750 | 3 | $96,725 | $85,447 | $48,663 |
| 2022 | $968,180 | $46,240 | $161,025 | $106,500 | 13 | $147,736 | $32,951 | $51,831 |
| 2021 | $1,342,921 | $67,023 | $150,304 | $59,050 | 15 | $133,885 | $52,102 | $61,836 |
| 2020 | $1,285,589 | $121,072 | $114,023 | $52,030 | 5 | — | $107,736 | $56,045 |
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
Leadership & Key People
Officers and directors from IRS filings
Atlantic Charitable Fund is led by Alan J Pethick, President & Director on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Alan J Pethick
President & Director
On filings since 2020
15 hrs/week
$28K (2020) → $28K (2024)
Horace W Horton
Treasurer, Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Mark R Swann
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $28K, to Alan J Pethick (President/Director).
Frequently asked questions about Atlantic Charitable Fund
How much does Atlantic Charitable Fund give each year?
Atlantic Charitable Fund gave $78K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $60K across 3 grants.
What is Atlantic Charitable Fund's typical grant size?
Atlantic Charitable Fund's median grant in 2024 was $9,250, and its average grant was $12,917, across 6 grants on its 2024 IRS Form 990-PF.
Where does Atlantic Charitable Fund give grants?
Atlantic Charitable Fund gives mostly in Maine: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lewiston, ME (2 grants) and Brunswick, ME (2 grants).
Does Atlantic Charitable Fund give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Atlantic Charitable Fund's 2024 IRS Form 990-PF were described as general or operating support.
Who are Atlantic Charitable Fund's largest grantees?
Atlantic Charitable Fund's largest 2024 grantees include Trinity Jubilee Center ($35,000), Tedford Housing ($17,000) and Milestone Recovery ($12,500), according to its 2024 IRS Form 990-PF. Together they received 83% of its itemized 2024 grant dollars.
How large is Atlantic Charitable Fund?
Atlantic Charitable Fund reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $117K in qualifying distributions that year, against a required minimum of $49K (roughly 5% of its investment assets).
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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Atlantic Charitable Fund funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Atlantic Charitable Fund's focus areas in our free grants database
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