The Saul P and Nellie Z Axelroad Charitable Foundation is a private foundation based in Atlanta, Georgia. Established in 2019, it operates as an independent 501(c)(3) organization dedicated to philanthropic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.1M
+3.7% YoY
Annual Giving
$709K
+76.9% YoY
Grant Count
63
+53.7% YoY
Avg Grant Size
$11K
+15.1% YoY
Under IRS private-foundation payout rules, Saul P and Nellie Z Axelroad reported a distributable amount of $730K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation provides funds for 501(c)(3) purposes as stated in its application for exemption, with a focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Georgia
- Tennessee
- South Carolina
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $10,708,265
- Total Giving: $400,980
- Total Revenues: $2,492,744
- Total Expenses: $546,153
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,102,775 | $10,708,265 | $8,974,174 |
| Revenue | $1,175,650 | $2,492,744 | $7,927,085 |
| Expenses | $841,140 | $546,153 | $401,599 |
| Qualifying Distributions | $841,140 | $546,153 | $401,599 |
| Net Investment Income | $672,398 | $543,000 | $979,514 |
| Distributable Amount | $729,901 | $482,581 | $356,251 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
147 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Goode Foundation ($50,000), Jewish National Fund ($36,000), University of Georgia Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TEMPLE SINAI ATLANTA, GA | 501(C)(3) PURPOSES | $1,000 |
| AMERICAN CANCER SOCIETY ATLANTA, GA | 501(C)(3) PURPOSES | $5,000 |
| CITY SPRINGS THEATER COMPANY SANDY SPRINGS, GA | 501(C)(3) PURPOSES | $2,900 |
| THE GOODE FOUNDATION FAIRBURN, GA | 501(C)(3) PURPOSES | $6,000 |
| MADELYN FUND CHARLOTTE, NC | 501(C)(3) PURPOSES | $5,000 |
| ALABAMA SPORTS HALL OF FAME BIRMINGHAM, AL | 501(C)(3) PURPOSES | $4,500 |
| ALABAMA SPORTS HALL OF FAME BIRMINGHAM, AL | 501(C)(3) PURPOSES | $1,500 |
| AURORA DAY CAMP ATLANTA, GA | 501(C)(3) PURPOSES | $20,000 |
| ATLANTA HISTORY CENTER ATLANTA, GA | 501(C)(3) PURPOSES | $309 |
| BLUE AND GOLD FOUNDATION CHAMBLEE, GA | 501(C)(3) PURPOSES | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICKEY G KATZ | Chairman | — | — |
| GINA K KELLIS | Vice President | — | — |
| BARRY KATZ | Secretary | — | — |
Contact Information
Address: 6100 Lake Forrest Drive, Suite 300, Atlanta, GA 30328-3836
Phone: 404-255-7400
EIN: 83-3345197
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Saul P and Nellie Z Axelroad fund?
The foundation provides funds for 501(c)(3) purposes as stated in its application for exemption, with a focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Saul P and Nellie Z Axelroad?
**Grant Characteristics:** • Typical award range: $500–$50,000 • Made 47 grants in the most recent reporting year **Recent Grant Examples (2023):** • St Jude Children's Research Hospital: $50,000 • St Jude Children's Research Hospital: $25,000 • City Springs Theatre: $25,000 **Total Giving:** $400,980 (2023)
Where does Saul P and Nellie Z Axelroad make grants?
The foundation primarily funds organizations in: • Georgia • Tennessee • South Carolina
What size grants does Saul P and Nellie Z Axelroad award?
In 2024, Saul P and Nellie Z Axelroad awarded 63 grants totaling $709K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Saul P and Nellie Z Axelroad required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Saul P and Nellie Z Axelroad reported a distributable amount of $730K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Saul P and Nellie Z Axelroad's EIN?
Saul P and Nellie Z Axelroad's EIN (Employer Identification Number) is 83-3345197. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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