The Red Backpack Foundation Inc
The Red Backpack Foundation Inc is a private foundation, 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.
The Red Backpack Foundation Inc at a glance
In short: The Red Backpack Foundation Inc gave $1.2M across 3 grants in 2024 (avg $392K), mostly in Georgia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,174,500
- +98.5% vs 2023
- Grants made (2024)
- 3
- -50.0% vs 2023
- Average grant
- $391,500
- +297.0% vs 2023
- Median grant
- $354,000
- Total assets
- $27,250,047
- +2.7% vs 2023
- Primary geography
- Georgia (77% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Red Backpack Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was The Community Foundation of Greater Atlanta ($551K). Together the top 3 received $1.2M.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 11 grants of 30 (37%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Red Backpack Foundation Inc gives
- Giving grew 79% from 2021 to 2024. Method
- In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $354K (2022) to $6.2M (2020). In 2024 it made 3 grants totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Community Foundation of Greater Atlanta Atlanta, GA | General | $550,500 |
| 3DE National LLC Atlanta, GA | General | $354,000 |
| National Inventors Hall of Fame Inc North Canton, OH | General | $270,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $27,250,047 | $2,572,352 | $1,458,946 | $1,174,500 | 3 | $1,362,408 | $1,209,184 | $1,573,190 |
| 2023 | $26,537,096 | $871,338 | $797,321 | $591,700 | 6 | $705,778 | $550,200 | $1,425,976 |
| 2022 | $27,674,018 | $1,599,647 | $603,276 | $353,500 | 3 | $462,020 | $609,170 | $1,437,845 |
| 2021 | $29,608,744 | $16,449,328 | $1,018,503 | $654,999 | 7 | $831,850 | $6,201,667 | $1,065,933 |
| 2020 | $16,394,282 | $1,226,402 | $6,649,020 | $6,236,999 | 11 | — | $915,921 | $1,051,620 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Red Backpack Foundation Inc is led by Sara Blakely, Director & President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sara Blakely
Director & President
On filings since 2020
1 hr/week
No compensation reported
Bassima Mroue
Director
On filings since 2020
2 hrs/week
No compensation reported
John Blakely
Director & Vice President
On filings since 2020
0 hrs/week
No compensation reported
Kendall Burleson
Director
On filings since 2023
1 hr/week
No compensation reported
Kim Jones
Manager
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Emily Luke (2020–2022) — CFO
- Former: Michelle Woo (2020–2021) — Executive Director
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 Red Backpack Foundation Inc
How much does The Red Backpack Foundation Inc give each year?
The Red Backpack Foundation Inc gave $1.2M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $592K across 6 grants.
What is The Red Backpack Foundation Inc's typical grant size?
The Red Backpack Foundation Inc's median grant in 2024 was $354,000, and its average grant was $391,500, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Red Backpack Foundation Inc give grants?
The Red Backpack Foundation Inc gives mostly in Georgia: 77% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Ohio (23%). The most frequent recipient cities were Atlanta, GA (2 grants).
Does The Red Backpack Foundation Inc give general operating support?
Yes: 100% of The Red Backpack Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Red Backpack Foundation Inc?
The Red Backpack Foundation Inc reported $27.3M in total assets on its 2024 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.6M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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