The Allen Tate Foundation
The Allen Tate Foundation is a private grantmaking foundation located in Charlotte, North Carolina. Established in March 1997, it operates as a 501(c)(3) charitable organization with EIN 56-2044322.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$303K
+4.7% YoY
Annual Giving
$125K
+42.0% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$18K
+82.6% YoY
Under IRS private-foundation payout rules, The Allen Tate Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation operates under the charitable giving program known as "Tate Cares," which supports public education and organizations that strengthen local communities. The foundation is committed to giving back to the communities served by Allen Tate Companies.
Grantmaking
The foundation has a documented history of charitable giving. Over a 26-year period, Allen Tate Realtors raised more than $5.92 million through Tate Cares initiatives. The foundation supports various community organizations and educational institutions across its service regions.
Grant Range
s and application procedures are not detailed in available sources.
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Geographic Focus
Where this funder awards grants
The foundation serves communities across the Carolinas, with a particular emphasis on North Carolina and South Carolina regions where Allen Tate Companies operates.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2022:
- Total Assets: $279,700
- Total Revenue: $95,600
- Investments: $172,400
- Employees: 0
The organization has experienced a significant decline in revenue over the past seven years, with revenues falling at an average rate of 6.4% annually.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $303,341 | $289,698 | $279,674 |
| Revenue | $142,245 | $96,511 | $95,563 |
| Expenses | $125,602 | $89,487 | $154,463 |
| Qualifying Distributions | $124,700 | $88,700 | $153,133 |
| Net Investment Income | $11,509 | $10,724 | $9,833 |
| Distributable Amount | $14,870 | $14,081 | $18,967 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
150 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys Scouts of America ($50,000), American Red Cross ($50,000), Carolina Thread Trail Capital ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS SCOUTS OF AMERICA CHARLOTTE, NC | UNRESTRICTED CASH | $50,000 |
| CAROLINA THREAD TRAIL CAPITAL CHARLOTTE, NC | UNRESTRICTED | $10,000 |
| PROVIDENCE DAY SCHOOL CHARLOTTE, NC | UNRESTRICTED CASH | $1,500 |
| MAKE A WISH CHARLOTTE, NC | UNRESTRICTED CASH | $7,500 |
| HEALTH GUIDANCE CENTER FOUNDATION CHARLOTTE, NC | UNRESTRICTED CASH | $1,000 |
| AMERICAN RED CROSS WASHINGTON, DC | UNRESTRICTED CASH | $50,000 |
| HOPE INTERNATIONAL LANCASTER, PA | UNRESTRICTED CASH | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| H ALLEN TATE III | TRUSTEE | — | — |
| PATRICK RILEY | TRUSTEE | — | — |
| ELIZABETH GORDON | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Allen Tate Foundation fund?
The foundation operates under the charitable giving program known as "Tate Cares," which supports public education and organizations that strengthen local communities. The foundation is committed to giving back to the communities served by Allen Tate Companies.
How do I apply for a grant from The Allen Tate Foundation?
The foundation has a documented history of charitable giving. Over a 26-year period, Allen Tate Realtors raised more than $5.92 million through Tate Cares initiatives. The foundation supports various community organizations and educational institutions across its service regions. The organization maintains a focus on supporting public education and community improvement organizations, though specific current grant sizes and application procedures are not detailed in available sources.
Where does The Allen Tate Foundation make grants?
The foundation serves communities across the Carolinas, with a particular emphasis on North Carolina and South Carolina regions where Allen Tate Companies operates.
What size grants does The Allen Tate Foundation award?
In 2024, The Allen Tate Foundation awarded 7 grants totaling $125K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Allen Tate Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Allen Tate Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Allen Tate Foundation's EIN?
The Allen Tate Foundation's EIN (Employer Identification Number) is 56-2044322. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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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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