Theo B Bean Foundation
The Theo B Bean Foundation is a private, independent foundation established in 1991 and based in Atlanta, Georgia. The foundation operates as a grantmaking organization supporting nonprofits across multiple states and communities throughout the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$989K
-2.4% YoY
Annual Giving
$94K
-17.5% YoY
Grant Count
37
+23.3% YoY
Avg Grant Size
$3K
-33.1% YoY
Grantmaking
The foundation distributes grants with typical award amounts ranging from $500 to $14,800. Based on recent financial filings, the foundation awarded $94,026 in total grants during its most recent reporting period.
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Geographic Focus
Where this funder awards grants
The Theo B Bean Foundation supports organizations across multiple states, with particular activity in Georgia, New York, and Florida. The foundation's geographic reach extends to major urban centers as well as smaller communities throughout the United States, including California, Illinois, Louisiana, Maryland, Michigan, Minnesota, Pennsylvania, Rhode Island, Tennessee, Texas, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $988,637 - $1,012,763 |
| Total Annual Giving | $94,026 |
| Annual Expenses | $139,466 |
| Annual Revenue | $57,704 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $988,637 | $1,012,763 | $1,094,219 |
| Revenue | $96,372 | $57,704 | $193,255 |
| Expenses | $120,498 | $139,466 | $142,403 |
| Qualifying Distributions | $94,026 | $113,974 | $116,000 |
| Net Investment Income | $69,900 | $32,220 | $166,852 |
| Distributable Amount | $103,605 | $101,592 | $109,439 |
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
141 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by a board of four members who serve without compensation: Patrick A Bean, Jeffrey B Bean, Matthew M Bean, and Jonathan S Bean.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICK A BEAN | BOARD MEMBER | 1 | — |
| JEFFREY B BEAN | BOARD MEMBER | 1 | — |
| MATTHEW M BEAN | BOARD MEMBER | 1 | — |
| JONATHAN S BEAN | BOARD MEMBER | 1 | — |
Contact Information
Address: 3516 Paces Pl NW, Atlanta, GA 30327-2934
Phone: 404-797-2194
EIN: 58-1922435
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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