The Coca-Cola Foundation Inc
The Coca-Cola Foundation is the global philanthropic arm of The Coca-Cola Company, headquartered in Atlanta, Georgia. Established in 1984 by Roberto Goizueta, then Chairman and CEO of The Coca-Cola Company, the Foundation has evolved from a local organization into a global philanthropic institution. It operates as a 501(c)(3) private grantmaking foundation and is tax-exempt.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$533.9M
+72.4% YoY
Annual Giving
$117.2M
+22.1% YoY
Grant Count
246
-3.5% YoY
Avg Grant Size
$476K
+26.6% YoY
Under IRS private-foundation payout rules, The Coca-Cola Foundation Inc reported a distributable amount of $14.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's mission is to make a difference in communities around the world by investing in transformative ideas and institutions that help address pressing global challenges.
The Foundation supports programs designed to:
- Sustainable Access to Safe Water — A significant portion of grantmaking addresses safe drinking water access for vulnerable and water-stressed communities
- Climate Resilience and Disaster Risk Preparedness and Response — Supporting disaster preparedness and response initiatives
- Circular Economy — Including water conservation and recycling value chains
- Economic Empowerment — Promoting women through economic empowerment and entrepreneurship
- Hometown Community Development — Enhancing communities in Atlanta through education, youth development, and civic initiatives
- Employee Giving — Matching contributions made by employees to nonprofit organizations on a two-for-one basis
The Foundation also supports the Coca-Cola First Generation Scholarship program, which provides scholarships to students who are the first in their immediate family to attend college or university.
Grantmaking
The Foundation recently ended its practice of accepting unsolicited grant applications, making direct networking with past grantees or corporate staff the primary pathway for funding consideration.
How to Apply
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Geographic Focus
Where this funder awards grants
The Foundation's grantmaking is global in scope, supporting initiatives in areas where The Coca-Cola Company operates and where its employees live and work. In addition to its Atlanta-based foundation, the corporation operates charitable foundations in Indonesia, Thailand, Bolivia, and Mexico.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Revenue: $342 million
- Expenses: $118 million
- Total Assets: $534 million
- Total Liabilities: $0
The Foundation is required to file IRS Form 990-PF annually.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $533,903,735 | $309,608,071 | $266,535,468 |
| Revenue | $341,683,053 | $128,571,584 | $55,526,124 |
| Expenses | $118,437,174 | $96,737,308 | $94,945,565 |
| Qualifying Distributions | $116,505,217 | $95,888,203 | $94,684,802 |
| Net Investment Income | $8,641,990 | $10,343,070 | $5,364,729 |
| Distributable Amount | $13,974,054 | $13,903,636 | $15,282,064 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include African Development Bank ($1,625,000), American Online Giving Foundation Inc ($1,621,243), Avina Americas Inc ($1,500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 100 Black Men of America Inc Atlanta, GA | 100 Black Men of America Youth Leadership Academy and Collegiate 100 Leadership Academy | $300,000 |
| ACCION INTERNATIONAL Washington DC, DC | From Access to Resilience: Promoting the Growth of Small Businesses | $600,000 |
| Accion Opportunity Fund San Jose, CA | Accion Opportunity Fund - Supporting Women Entrepreneurship | $400,000 |
| ACTED | Towards Holistic Resilience in Vulnerable Environments of Tchologo region, Northern Cote d'Ivoire, and West Pokot County, Kenya | $1,100,000 |
| ADOPEM ASFL | Emprendamos Juntos / Growing Together | $125,000 |
| ADOPEM ASFL | Economic empowerment DR ADOPEM | $125,000 |
| African Development Bank | Mainstreaming circular economy as a green growth strategy in Africa through ACEF | $1,625,000 |
| African Reclaimers Organisation | Reclaimer Integration Programme | $833,859 |
| AGNES SCOTT COLLEGE Decatur, GA | Removing the COVID-19 Heightened Barriers to the Educational Attainment and Professional Success of College-Going Women | $250,000 |
| AKTI Project and Research Centre | Zero Waste HoReCa (MA) | $170,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Beatriz Perez | Chair/Director | 5 | — |
| John Murphy | Treasurer | 1 | — |
| Carlos Pagoaga | President | 30 | — |
| Mark Harris | Asst Treasurer,Gen Tax Counsel | 1 | — |
| Henrique Braun | Secretary | 1 | — |
| Yasmin Assar | General Legal Counsel | 2 | — |
| Michael Goltzman | Board Director | 1 | — |
| Saadia Madsbjerg | President | 30 | — |
| Marc Goncher | General Legal Counsel | 2 | — |
Recent News & Activity
Recent developments and announcements
The Foundation awarded $1 million in grants to strengthen Caribbean plastic recycling initiatives
USD 1 Million Grant from Coca-Cola Foundation to Strengthen Caribbean PlasticThe Foundation announced $4.3 million in World Cup legacy donations
USD 1 Million Grant from Coca-Cola Foundation to Strengthen Caribbean PlasticThe Foundation awarded 16 Active Healthy Living grants
The Coca-Cola Foundation Awards 16 Active Healthy Living GrantsThe Foundation awarded a $200,000 Economic Empowerment grant to Operation Homefront
USD 1 Million Grant from Coca-Cola Foundation to Strengthen Caribbean PlasticFrequently Asked Questions
What does The Coca-Cola Foundation Inc fund?
The Foundation's mission is to make a difference in communities around the world by investing in transformative ideas and institutions that help address pressing global challenges. The Foundation supports programs designed to: • **Sustainable Access to Safe Water** — A significant portion of grantmaking addresses safe drinking water access for vulnerable and water-stressed communities • **Climate Resilience and Disaster Risk Preparedness and Response** — Supporting disaster preparedness and res…
How do I apply for a grant from The Coca-Cola Foundation Inc?
**Grant Activity & Scale:** • Since inception in 1984, the Foundation has awarded more than $1.7 billion in grants globally • In 2022, the Foundation contributed $94.8 million to 301 organizations worldwide • In the first half of a recent year, the Foundation awarded $26.2 million in grants to benefit more than 90 million people worldwide • Recent grants include $1 million for Caribbean plastic recycling initiatives and $200,000 for economic empowerment programs **Application Process:** The Fou…
Where does The Coca-Cola Foundation Inc make grants?
The Foundation's grantmaking is global in scope, supporting initiatives in areas where The Coca-Cola Company operates and where its employees live and work. In addition to its Atlanta-based foundation, the corporation operates charitable foundations in Indonesia, Thailand, Bolivia, and Mexico.
What size grants does The Coca-Cola Foundation Inc award?
In 2024, The Coca-Cola Foundation Inc awarded 246 grants totaling $117.2M — an average of about $476K per grant, based on its IRS Form 990 filings.
How much is The Coca-Cola Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Coca-Cola Foundation Inc reported a distributable amount of $14.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Coca-Cola Foundation Inc's EIN?
The Coca-Cola Foundation Inc's EIN (Employer Identification Number) is 58-1574705. IRS Form 990 filing data is available on this page for 2020–2024.
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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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