The Red Backpack Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $27.3M in total assets. In 2024, it awarded 3 grants totaling $1.2M. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27.3M
+2.7% YoY
Annual Giving
$1.2M
+98.5% YoY
Grant Count
3
-50.0% YoY
Avg Grant Size
$392K
+297.0% YoY
Under IRS private-foundation payout rules, The Red Backpack Foundation Inc reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.
About The Red Backpack Foundation Inc
Based on IRS filings
The Red Backpack Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $27.3M in total assets. In 2024, it awarded 3 grants totaling $1.2M. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,250,047 | $26,537,096 | $27,674,018 |
| Revenue | $2,572,352 | $871,338 | $1,599,647 |
| Expenses | $1,458,946 | $797,321 | $603,276 |
| Qualifying Distributions | $1,362,408 | $705,778 | $462,020 |
| Net Investment Income | $1,209,184 | $550,200 | $609,170 |
| Distributable Amount | $1,573,190 | $1,425,976 | $1,437,845 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Community Foundation of Greater Atlanta ($550,500), 3de National Llc ($354,000), National Inventors Hall of Fame Inc ($270,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 3DE NATIONAL LLC ATLANTA, GA | GENERAL | $354,000 |
| THE COMMUNITY FOUNDATION OF GREATER ATLANTA ATLANTA, GA | GENERAL | $550,500 |
| NATIONAL INVENTORS HALL OF FAME INC NORTH CANTON, OH | GENERAL | $270,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARA BLAKELY | DIRECTOR & PRESIDENT | 1 | — |
| JOHN BLAKELY | DIRECTOR & VICE PRESIDENT | 0.01 | — |
| BASSIMA MROUE | DIRECTOR | 2 | — |
| KENDALL BURLESON | DIRECTOR | 1 | — |
| KIM JONES | MANAGER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Red Backpack Foundation Inc?
The Red Backpack Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. It holds $27.3M in total assets as of 2024.
How large is The Red Backpack Foundation Inc?
As of 2024, The Red Backpack Foundation Inc holds $27.3M in total assets with $2.6M in annual revenue. It awarded 3 grants totaling $1.2M in 2024.
Where does The Red Backpack Foundation Inc operate?
The Red Backpack Foundation Inc has awarded grants in California, District of Columbia, Georgia, Kentucky, New York, Ohio.
What size grants does The Red Backpack Foundation Inc award?
In 2024, The Red Backpack Foundation Inc awarded 3 grants totaling $1.2M — an average of about $392K per grant, based on its IRS Form 990 filings.
How much is The Red Backpack Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Red Backpack Foundation Inc reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Red Backpack Foundation Inc's EIN?
The Red Backpack Foundation Inc's EIN (Employer Identification Number) is 20-5088833. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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