The Bill and Diane Hammack Foundation

Private foundation · Grantmaker Acworth, GA EIN: 82-2406793

The Bill and Diane Hammack Foundation is a private foundation, based in Acworth, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $658K in total assets. Net investment income was $306K.

Key facts about The Bill and Diane Hammack Foundation

EIN
82-2406793
Latest 990 filing
Form 990-PF, 2024
Total assets
$658,482

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$658K

+11.6% YoY

Revenue

$73K

+263.0% YoY

Net Investment Income

$306K

-30.0% YoY

Expenses

$5K

-99.1% YoY

Under IRS private-foundation payout rules, The Bill and Diane Hammack Foundation reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.

How The Bill and Diane Hammack Foundation gives

  • Giving grew 10000% from 2020 to 2023. Method
  • In 2023 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

States

Cities

MariettaAtlanta

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K1 grant2020 1 grant2021 1 grant2022 2 grants2023 0 grants2024

From 2020 to 2023, annual grant giving ranged from $5K (2020) to $505K (2023). In 2023 it made 2 grants totaling $505K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 5 (80%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$658,482$590,080$1,085,879
Revenue$73,153$20,152$1,002,992
Expenses$4,751$515,951$8,907
Qualifying Distributions—$505,000$5,000
Net Investment Income$305,935$436,937—
Distributable Amount$29,777$35,926$34,625

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

The Bill and Diane Hammack Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Paula D. Hammack

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Q. William Hammack Jr.

    Director

    On filings since 2020

    1 hr/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 The Bill and Diane Hammack Foundation

How large is The Bill and Diane Hammack Foundation?

The Bill and Diane Hammack Foundation reported $658K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $73K.

Where does The Bill and Diane Hammack Foundation operate?

The Bill and Diane Hammack Foundation has awarded grants in Georgia.

How much is The Bill and Diane Hammack Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bill and Diane Hammack Foundation reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Bill and Diane Hammack Foundation's EIN?

The Bill and Diane Hammack Foundation's EIN (Employer Identification Number) is 82-2406793. 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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