Stuart & Eulene Murray Foundation

ATLANTA, GA EIN: 58-1936483

The Stuart & Eulene Murray Foundation is a private foundation established in September 1991 and based in Atlanta, Georgia. As a 501(c)(3) organization, the foundation operates as an independent grantmaking entity with a selective, trustee-directed approach to philanthropy.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$46.0M

-0.3% YoY

Annual Giving

$2.3M

-13.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$144K

-13.0% YoY

Under IRS private-foundation payout rules, Stuart & Eulene Murray Foundation reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Education
Human Services
Arts and Culture
Philanthropy and Voluntarism
Community Health and Wellness

Grantmaking

Grant Range

$2,000 - $1,020,000

Average Grant

Amount: $165,900

How to Apply

es. The foundation does not accept unsolicited applications.

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Geographic Focus

Where this funder awards grants

The foundation primarily supports organizations in Georgia and North Carolina.

Grant Distribution by State

Georgia $12.1M (99%)

North Carolina $64K (1%)

States

Georgia North Carolina

Cities

AtlantaAugustaBrunswickCovingtonDaculaDecaturHahiraJohns CreekKennesawMariettaMatthewsPeachtree CornersSt Simons IslandTuckerWaleska

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $46,174,384
Total Revenue: $2,689,178
Total Expenses: $2,846,801
Total Liabilities: $0
Investment Income and Dividends: $1,312,831

As of 2023:

Total Assets: $46,174,384
Total Giving: $2,654,175
Investment Income and Dividends: $1,191,662

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$46,016,761	$46,174,384	$45,856,778
Revenue	$2,689,178	$3,412,801	$4,015,593
Expenses	$2,846,801	$3,095,195	$3,093,082
Qualifying Distributions	$2,314,033	$2,663,850	$2,550,000
Net Investment Income	$2,257,578	$2,998,521	$3,529,511
Distributable Amount	$2,534,872	$2,369,811	$2,647,830

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

68 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Lovett School ($1,500,000), The Boyce L Ansley School ($220,000), Rescuing Hope ($123,283).

Recipient	Purpose	Amount
SALEM CAMPGROUND COVINGTON, GA	UNRESTRICTED	$2,000
BUCKINGHAM TERRACE FOUNDATION BRUNSWICK, GA	UNRESTRICTED	$10,000
MATTHEWS UNITED METHODIST CHURCH MATTHEWS, NC	UNRESTRICTED	$18,600
GOOD SAMARITAN HEALTH CENTER ATLANTA, GA	UNRESTRICTED	$20,000
BUCKHEAD CHRISTIAN MINISTRY ATLANTA, GA	UNRESTRICTED	$20,000
MATTHEWS MAVERICKS FC MATTHEWS, NC	UNRESTRICTED	$20,000
MERCY MINISTRIES AUGUSTA, GA	UNRESTRICTED	$25,400
HUMANE SOCIETY OF SOUTH COASTAL GEORGIA BRUNSWICK, GA	UNRESTRICTED	$50,000
ABIDING LOVE CHARITIES ST SIMONS ISLAND, GA	UNRESTRICTED	$50,000
REINHARDT UNIVERSITY WALESKA, GA	SCHOLARSHIP FUND	$50,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is governed by three trustees:

Joel Reed
Kelly Boudreau
Michael Williams

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOEL REED	TRUSTEE	—	—
KELLY BOUDREAU	TRUSTEE	—	—
MICHAEL WILLIAMS	TRUSTEE	—	—
GIL WATSON	TRUSTEE	—	—

Contact Information

Address: 4228 Wickersham Drive NW, Atlanta, GA 30327

Phone: 404-456-0536

EIN: 58-1936483

Frequently Asked Questions

What does Stuart & Eulene Murray Foundation fund?

The foundation's mission focuses on supporting education, human services, arts, and philanthropic initiatives that serve children and youth, low-income populations, homeless individuals, students, and economically disadvantaged people. Primary funding areas include: • Education • Human Services • Arts and Culture • Philanthropy and Voluntarism • Community Health and Wellness

How do I apply for a grant from Stuart & Eulene Murray Foundation?

The Stuart & Eulene Murray Foundation operates exclusively through trustee-selected grants rather than formal grant programs or public application processes. The foundation does not accept unsolicited applications. **Grant Characteristics:** • Grant Range: $2,000 - $1,020,000 • Median Grant Amount: $50,000 - $75,000 • Average Grant Amount: $165,900 • Giving Rate: 5.8% **Recent Grant Activity:** In 2023, the foundation made 16 grants totaling $2,654,175. Notable recent grants include: • The Love…

Where does Stuart & Eulene Murray Foundation make grants?

The foundation primarily supports organizations in Georgia and North Carolina.

What size grants does Stuart & Eulene Murray Foundation award?

In 2024, Stuart & Eulene Murray Foundation awarded 16 grants totaling $2.3M — an average of about $144K per grant, based on its IRS Form 990 filings.

How much is Stuart & Eulene Murray Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Stuart & Eulene Murray Foundation reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Stuart & Eulene Murray Foundation's EIN?

Stuart & Eulene Murray Foundation's EIN (Employer Identification Number) is 58-1936483. IRS Form 990 filing data is available on this page for 2020–2024.