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Callaway Foundation, Inc.

Profile

Last Updated: 2016-07-29

At A Glance

Callaway Foundation, Inc.

209 Broome St., P.O. Box 790

Lagrange, GA United States 30241-0014

Telephone: (706) 884-7348

URL: www.callawayfoundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-09-30)

Assets: $207,681,346

Total giving: $10,431,983

EIN

580566147

BRIDGE Number

3045000738

Additional Contact Information

E-mail: (for H. Speer Burdette, III) hsburdette@callaway-foundation.org

Background

Incorporated in 1943 in GA - The foundation was incorporated as the Callaway Community Foundation and assumed its current name in 1962. The Textile Benefit Association was a charitable organization formed in 1919 by merchant and textile manufacturer Fuller E. Callaway, Sr. which dissolved in 1944 after transferring its assets to the Callaway Community Foundation. The foundation is the largest of those associated with the Callaway family. The other foundation is the Fuller E. Callaway Foundation, a local general-purpose foundation whose donors are the late Fuller E. Callaway, Sr. and family. Since its inception, the foundation has made contributions totaling more than $236 million including authorized but unpaid funds amounting to approximately $18 million The foundation is governed, managed, and operated by a self-perpetuating board of trustees who are elected to staggered terms not to exceed five years. The general manager of the foundation acts as liaison officer between the board and the public, investigating all requests for financial aid and submitting all facts to the board for decision

Purpose and Activities

Giving for elementary, higher, and secondary education, including libraries and buildings, and equipment; health and hospitals; community funds; care for the aged; community development; historic preservation; and church support.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

The foundation has made a PRI in the form of a loan to promote community development by combating community deterioration in LaGrange, GA.

Troup County Churches Grant Program

The grant is intended as an aid to Troup County churches for church purposes only. Eligibility expenditures for inclusion in a grant application include the following: land acquisition for current or future church use; new church construction, including all equipment that is built in or attached to the real property; major church renovation, which includes all major modifications and additions to existing buildings, including all equipment that is built in or attached to the real property. The total amount of the grant shall not exceed twenty percent of the net actual cost of the project. The grant is paid when the work is completed, inspected, and the church has its eighty percent in cash and the project is completed within the time limits established by the foundation. No funds from the grant may be used to "match" any portions of funds which are borrowed or otherwise requirement repayment. The foundation does not match in-kind contributions or donated services. The grant is not for educational activities past the kindergarten level; repairs and maintenance; church signage that is not attached to the building; vehicles and buses; equipment and furnishings; and computers and multimedia equipment. The project(s) must be described in detail on an "Application for Assistance" form provided by the foundation. Applicants must obtain at least two bids for the project, a certified breakdown of the bid by items, showing the cost of each item and attached to the application form. Application must be received by the foundation before work on the project is begun. Eligibility for participation in the program is limited to those churches established and operating within Troup County, GA, at least four years before such church submits an application for assistance. Requests from churches located outside Troup County, GA, are not considered. See web site for application form.

Fields of Interest

Subjects
  • Christianity
  • Community and economic development
  • Diseases and conditions
  • Education
  • Elementary education
  • Health
  • Higher education
  • Historic preservation
  • Hospital care
  • Libraries
  • Secondary education
  • Senior services
  • Unknown or not classified
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Seniors
  • Students
Organizations
  • Associations

Financial Data

Year ended 2015-09-30

Assets: $207,681,346 (market value)

Expenditures: $9,202,075

Total giving: $10,431,983

Qualifying distributions: $10,976,663