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
Under IRS private-foundation payout rules, Theo B Bean Foundation reported a distributable amount of $104K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Columbia Business School ($10,000), Childrens Healthcare of Atlanta ($6,000), Presidents and Fellows of Harvard C ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLUMBIA BUSINESS SCHOOL NEW YORK, NY | 501(C)(3) PURPOSES | $10,000 |
| BOY SCOUTS OF AMERICA ATLANTA, GA | 501(C)(3) PURPOSES | $1,500 |
| MUSICARES FOUNDATION SANTA MONICA, CA | 501(C)(3) PURPOSES | $500 |
| PATH FOUNDATION ATLANTA, GA | 501(C)(3) PURPOSES | $2,000 |
| COLONIAL THEATER GROUP KEEN, NH | 501(C)(3) PURPOSES | $1,000 |
| INTERLOCHEN CENTER FOR THE ARTS INTERLOCHEN, MI | 501(C)(3) PURPOSES | $1,500 |
| BONEFISH TARPON TRUSTS MIAMI, FL | 501(C)(3) PURPOSES | $2,567 |
| CHILDRENS HEALTHCARE OF ATLANTA ATLANTA, GA | 501(C)(3) PURPOSES | $6,000 |
| THE SALVATION ARMY ATLANTA, GA | 501(C)(3) PURPOSES | $1,757 |
| THE BEAT MUSEUM SAN FRANCISCO, CA | 501(C)(3) PURPOSES | $592 |
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
Frequently Asked Questions
How do I apply for a grant from Theo B Bean Foundation?
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. The foundation's funding priorities include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services. Specific grant focus areas include education nonprofits, science teacher support, and STEM education initiatives.
Where does Theo B Bean Foundation make 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.
What size grants does Theo B Bean Foundation award?
In 2024, Theo B Bean Foundation awarded 37 grants totaling $94K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Theo B Bean Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Theo B Bean Foundation reported a distributable amount of $104K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Theo B Bean Foundation's EIN?
Theo B Bean Foundation's EIN (Employer Identification Number) is 58-1922435. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Theo B Bean 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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