Wih and Lula E Pitts Foundation
The William I. H. and Lula E. Pitts Foundation is a private foundation established in 1941 by William Irby Hudson Pitts, a Georgia businessman and philanthropist. Based in Orlando, Florida, the foundation operates with a single employee and maintains total assets of $52,791,553 as of 2024.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$52.8M
+3.9% YoY
Annual Giving
$4.8M
-2.7% YoY
Grant Count
16
+14.3% YoY
Avg Grant Size
$300K
-14.8% YoY
Mission & Focus Areas
The foundation was established with specific instructions that its funds support charities within the state of Georgia that are affiliated with the Methodist Church. The foundation's giving focuses exclusively on organizations affiliated with the United Methodist Church, with particular emphasis on:
- Education
- Children's homes
- Charitable hospitals
- Care of the elderly
Grantmaking
The foundation is an active grantmaker with total giving of $4,802,872 in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation restricts its grantmaking to organizations within the state of Georgia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $52,791,553
- Total Revenues: $7,215,449
- Total Expenses: $5,235,514
- Investment Income and Dividends: $2,847,364
- Net Gain from Sale of Non-Inventory Assets: $4,368,085
The foundation's revenues increased 308.9% from 2023 to 2024, primarily driven by investment gains.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $52,791,553 | $50,810,073 | $53,477,942 |
| Revenue | $7,215,449 | $1,764,453 | $8,086,658 |
| Expenses | $5,235,514 | $5,257,102 | $5,348,826 |
| Qualifying Distributions | $4,957,616 | $5,081,578 | $5,058,529 |
| Net Investment Income | $7,040,376 | $2,511,080 | $7,840,182 |
| Distributable Amount | $5,256,888 | $4,949,941 | $5,083,874 |
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
69 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's governing board includes:
- Ms. Lisa Ashby
- Dr. Susanna Baxter
- Ms. Meaghan Blight
- Dr. Stuart Gulley
- Mr. Ralph R. Morrison
- Mrs. Elizabeth C. Ogie
- Ms. Katie Saez
- Bishop James Swanson
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TRUIST BANK | TRUSTEE | 1 | $278,853 |
| BISHOP MIKE WATSON | CHAIRMAN | 1 | — |
| ELIZABETH OGIE | BOARD MEMBER | 1 | — |
| DAN MCALEXANDER | BOARD MEMBER | 1 | — |
| JENNER WOOD | BOARD MEMBER | 1 | — |
| PHILIP MILLIANS | BOARD MEMBER | 1 | — |
| RALPH R MORRISON | BOARD MEMBER | 1 | — |
| BISHOP JAMES E SWANSON | BOARD MEMBER | 1 | — |
| JENNA KELLY | BOARD MEMBER | 1 | — |
| LINDA BUCHANAN | BOARD MEMBER | 1 | — |
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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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