Edgar T Cato Foundation Inc

AIKEN, SC EIN: 65-0450989

Edgar T Cato Foundation Inc is a private foundation, based in AIKEN, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 5 grants totaling $160K. Net investment income was $164K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

+0.1% YoY

Annual Giving

$160K

+60.0% YoY

Grant Count

+400.0% YoY

Avg Grant Size

$32K

-68.0% YoY

Under IRS private-foundation payout rules, Edgar T Cato Foundation Inc reported a distributable amount of $205K for 2024 — the minimum it must pay out in qualifying distributions.

About Edgar T Cato Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $495K (64%)

Rhode Island $100K (13%)

South Carolina $95K (12%)

Georgia $80K (10%)

States

Georgia North Carolina Rhode Island South Carolina

Cities

AikenDanielsvilleHickoryHilton HeadHot SpringsMarshallNewportWatkinsville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,415,663	$3,412,538	$4,133,098
Revenue	$246,111	$266,350	$186,588
Expenses	$244,235	$206,227	$1,037,033
Qualifying Distributions	$160,000	$100,000	$110,000
Net Investment Income	$164,369	$161,224	$78,387
Distributable Amount	$204,538	$206,845	$223,407

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Area Churches Together Serving Inc ($50,000), Azule ($50,000), Friends of Madison County Animals (fomca) ($25,000).

Recipient	Purpose	Amount
AREA CHURCHES TOGETHER SERVING INC AIKEN, SC	SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE CHARITABLE AID TO PEOPLE IN NEED OF ASSISTANCE.	$50,000
FRIENDS OF MADISON COUNTY ANIMALS (FOMCA) MARSHALL, NC	SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE SPAY/NEUTER CLINICS, VET ASSISTANCE VOUCHERS, AND A TRAP/NEUTER RETURN PROGRAM.	$25,000
THE SC BATTLEGROUND PRESERVATION TRUST HILTON HEAD, SC	SUPPORT THE ORGANZATION'S MISSION TO PRESERVE AMERICA'S BATTLEFIELDS.	$25,000
REBUILD HOT SPRINGS AREA HOT SPRINGS, NC	SUPPORT THE ORGANIZATION'S MISSION TO ASSIST RESIDENTS, WORKERS, AND BUSINESSES OF HOT SPRINGS, NC REBUILD FOLLOWING THE DEVESTATION LEFT BY HURRICANE HELENE.	$10,000
AZULE HOT SPRINGS, NC	SUPPORT THE ORGANIZATION'S MISSION TO INCREASE ACCESS TO RESIDENCY PROGRAMS FOR UNDERSERVED ARTISTS AND ART COMMUNITIES.	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHRISTINE ANNE CATO	DIRECTOR	2	$10,000
EDGAR T CATO III	DIRECTOR	2	$10,000
CHRISTINA HEPNER	DIRECTOR	2	$10,000

Frequently Asked Questions

How large is Edgar T Cato Foundation Inc?

As of 2024, Edgar T Cato Foundation Inc holds $3.4M in total assets with $246K in annual revenue. It awarded 5 grants totaling $160K in 2024.

Where does Edgar T Cato Foundation Inc operate?

Edgar T Cato Foundation Inc has awarded grants in Georgia, North Carolina, Rhode Island, South Carolina.

What size grants does Edgar T Cato Foundation Inc award?

In 2024, Edgar T Cato Foundation Inc awarded 5 grants totaling $160K — an average of about $32K per grant, based on its IRS Form 990 filings.

How much is Edgar T Cato Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Edgar T Cato Foundation Inc reported a distributable amount of $205K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.