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
Under IRS private-foundation payout rules, The Choate Foundation reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
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.
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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
Among its reported 2024 grants, the largest include Community Foundation of the Chattahoochee Valley ($500,000), Cystic Fibrosis Foundation ($75,000), Father Ryan High School ($57,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADA OUTREACH MINISTRIES PIEDMONT, AL | HUMANITARIAN ASSISTANCE | $2,000 |
| ALL FOR LUNCH CUMMING, GA | HUMANITARIAN ASSISTANCE | $20,000 |
| ALZHEIMER'S ASSOCIATION CHICAGO, IL | HUMANITARIAN ASSISTANCE | $25,000 |
| AMERICAN HEART ASSOCIATION MOUNT PLEASANT, SC | HUMANITARIAN ASSISTANCE | $15,000 |
| ANGEL ARMIES INC FRANKLIN, TN | HUMANITARIAN ASSISTANCE | $37,500 |
| ANGELS AMOUNG US PET RESCUE ALPHARETTA, GA | HUMANITARIAN ASSISTANCE | $20,000 |
| ATLANTA SYMPHONY ORCHESTRA ATLANTA, GA | HUMANITARIAN ASSISTANCE | $20,000 |
| ATLANTA YOUTH SOCCER FOUNDATION LILBURN, GA | HUMANITARIAN ASSISTANCE | $30,000 |
| AUTISM SPEAKS WASHINGTON DC, DC | HUMANITARIAN ASSISTANCE | $7,500 |
| BALD RIDGE LODGE CUMMING, GA | HUMANITARIAN ASSISTANCE | $30,000 |
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
Frequently Asked Questions
What does The Choate Foundation fund?
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
How do I apply for a grant from The Choate Foundation?
**Grant Activity (2024)** The foundation made 59 grants totaling $2,270,500 in its most recent fiscal year. Typical grant awards range from $500 to $500,000. **Recent Grantees (2024)** Notable grants include: • Community Foundation of the Chattahoochee Valley: $500,000 (Humanitarian Assistance) • Shepherd Center Foundation: $250,000 (Humanitarian Assistance) • Street Grace: $100,000 (Humanitarian Assistance) • Boyce L Ansley School (among other grantees)
Where does The Choate Foundation make grants?
The foundation primarily funds organizations in: • Georgia • Tennessee • New York
What size grants does The Choate Foundation award?
In 2024, The Choate Foundation awarded 75 grants totaling $2.3M — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is The Choate Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Choate Foundation reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Choate Foundation's EIN?
The Choate Foundation's EIN (Employer Identification Number) is 82-2450365. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Choate Foundation's focus areas in our free grants database
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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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