Commerce Club Foundation Inc

Private foundation · Grantmaker Atlanta, GA EIN: 27-3411315

Commerce Club Foundation Inc is a private foundation focused on Human Services, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15K in total assets. In 2024, it awarded 2 grants totaling $20K.

Key facts about Commerce Club Foundation Inc

In short: Commerce Club Foundation Inc gave $20K across 2 grants in 2024 (avg $10K), mostly in Georgia. Source: 2024 IRS Form 990-PF.

EIN
27-3411315
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$20,000
Grants made (2024)
2
Average grant
$10,000
Median grant
$10,000
Total assets
$15,218
Primary geography
Georgia (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$15K

-63.1% YoY

Annual Giving

$20K

Grant Count

2

Avg Grant Size

$10K

Under IRS private-foundation payout rules, Commerce Club Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

How Commerce Club Foundation Inc gives

  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

States

Cities

Atlanta

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K0 grants2020 0 grants2021 0 grants2022 0 grants2023 2 grants2024

In 2024 it made 2 grants totaling $20K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Morehouse College: $10KMorehouse College$10KGreater Atlanta Chamber Foundation Inc: $10KGreater Atlanta ChamberFoundation Inc$10K

The largest 2024 recipient was Morehouse College ($10K). Together the top 2 received $20K.

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Morehouse College Atlanta, GAGeneral Support$10,000
Greater Atlanta Chamber Foundation Inc Atlanta, GAGeneral Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$15,218$41,253$41,249
Revenue$1,854$4$2,869
Expenses$23,500—$2,923
Qualifying Distributions$21,750——
Net Investment Income—$4—
Distributable Amount$1,795$2,032$2,034

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Commerce Club Foundation Inc is led by Michael Russell, Chair on every filing since 2023; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Michael Russell

    Chair

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Russ Hardin

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Greg Kelly

    Treasurer

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Jeffrey K. Haidet

    Secretary

    On filings since 2020

    2 hrs/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.

Frequently asked questions about Commerce Club Foundation Inc

How much does Commerce Club Foundation Inc give each year?

Commerce Club Foundation Inc gave $20K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.

How large is Commerce Club Foundation Inc?

Commerce Club Foundation Inc reported $15K in total assets on its 2024 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).

What is Commerce Club Foundation Inc?

Commerce Club Foundation Inc is a private foundation focused on Human Services, based in Atlanta, GA. It holds $15K in total assets as of 2024.

Where does Commerce Club Foundation Inc operate?

Commerce Club Foundation Inc has awarded grants in Georgia.

What is Commerce Club Foundation Inc's EIN?

Commerce Club Foundation Inc's EIN (Employer Identification Number) is 27-3411315. 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.

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