The Choate Foundation (also known as CBF Foundation and formerly Choate Bridges Foundation) is a private foundation based in Atlanta, Georgia. The organization was established in 2018 and holds 501(c)(3) tax-exempt status. It operates as a grantmaking foundation focused on humanitarian assistance and related charitable purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$64.4M
+99.9% YoY
Annual Giving
$2.3M
-2.3% YoY
Grant Count
75
-28.6% YoY
Avg Grant Size
$30K
+36.8% YoY
Mission & Focus Areas
The foundation primarily funds humanitarian assistance initiatives. Its grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Nonprofit Human Services
- Reproductive Health
- Nursing Home Support
- Obesity Prevention
Grantmaking
The foundation made 59 grants totaling $2,270,500 in its most recent fiscal year. Typical grant awards range from $500 to $500,000.
Ready to take the next step with The Choate Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Georgia
- Tennessee
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
| Metric | Amount |
|---|---|
| Total Assets | $64,403,047 |
| Total Giving | $2,270,500 |
| Total Revenues | $24,584,593 |
| Total Expenses | $2,438,590 |
| Total Grants, Contributions, etc. | $21,112,209 |
| Investment Income and Dividends | $2,111,794 |
The foundation experienced significant revenue growth in 2024, with total grants and contributions increasing 455.7% compared to 2023 ($3,799,278).
Staffing
The foundation operates with 0 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $64,403,047 | $32,213,592 | $27,350,046 |
| Revenue | $24,584,593 | $5,931,467 | $-2,897,586 |
| Expenses | $2,438,590 | $2,405,935 | $1,734,393 |
| Qualifying Distributions | $2,293,816 | $2,338,268 | $1,649,156 |
| Net Investment Income | $3,333,246 | $2,181,962 | $1,802,509 |
| Distributable Amount | $2,404,898 | $963,560 | $1,467,819 |
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
203 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W MILLARD CHOATE | TRUSTEE, DISTRIBUTION COMM | 1 | — |
| SUSAN CHOATE | DISTRIBUTION COMMITTEE | 1 | — |
| EMILY G CHOATE | DISTRIBUTION COMMITTEE | 1 | — |
| KATHERINE CHOATE | DISTRIBUTION COMMITTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Rhedcloud Foundation Inc
DECATUR, GA
Assets
$6K
Grants
1
Total Given
$13K
Atlanta Committee for Progress Inc
ATLANTA, GA
Assets
$2.1M
Grants
1
Total Given
$15K
Atlanta Postal Credit Union
ATLANTA, GA
Assets
$2.4B
Grants
4
Total Given
$308K
Justice for Children Foundation Inc
SAVANNAH, GA
Assets
$24K
Grants
0
Total Given
—
Southeast Area Blood Bankers
PEACHTREE CITY, GA
Assets
$33K
Grants
0
Total Given
—
Courts Foundation Inc
ATLANTA, GA
Assets
$38.3M
Grants
1
Total Given
$1.6M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Choate Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities