Chattanooga Christian Community Foundation / The Generosity Trust

The information on this page was last updated 1/30/2024. If you see errors or omissions, please email: [email protected]


Summary

The Chattanooga Christian Community Foundation works to serve donors, ministries, and legal and financial advisors in the greater Chattanooga area.


Contact information

Mailing address:
The Generosity Trust
345 Frazier Ave
Unit 205
Chattanooga, TN 37405

Website: www.thegenerositytrust.org

Phone: (423) 266-5257

Email: [email protected]


Organization details

EIN: 621536731

CEO/President: James R. Barber

Chairman: Bruce C. Zeiser

Board size: 9

Founder: Dora Maclellan Brown

Ruling year: 1993

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our primary purpose is to provide donor-advised funds for believers - all across the country - to assist them in honoring the Lord with what He has entrusted to them.


Mission statement

The Generosity Trust advances the cause of Christ by magnifying the joyful generosity of Christians.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Foundations

CategoryRatingOverall rankSector rank
Overall efficiency rating511 of 11024 of 9
Fund acquisition rating533 of 11036 of 9
Resource allocation rating646 of 11034 of 9
Asset utilization rating401 of 11026 of 9

Financial ratios

Funding ratiosSector median202220212020
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%91%80%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%9%20%8%
 
Operating ratiosSector median202220212020
Program expense ratio Program expense ratio =
Program services /
Total expenses
99%99%99%98%
Spending ratio Spending ratio =
Total expenses /
Total revenue
81%81%71%92%
Program output ratio Program output ratio =
Program services /
Total revenue
80%80%70%91%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
19%19%29%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
10%8%11%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
1%1%1%1%
 
Investing ratiosSector median202220212020
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.330.310.250.26
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.401.081.081.12
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
0.620.330.270.30
 
Liquidity ratiosSector median202220212020
Current ratio Current ratio =
Total current assets /
Total current liabilities
446.991453.321487.97691.55
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
19.3835.9645.0140.53
 
Solvency ratiosSector median202220212020
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
1%4%3%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
290%312%392%368%

Financials

Balance sheet
 
Assets202220212020
Cash$27,315,408$28,177,641$18,442,593
Receivables, inventories, prepaids$3,095,492$3,461,551$3,649,733
Short-term investments$63,113,332$68,267,250$63,371,205
Other current assets$0$0$0
Total current assets$93,524,232$99,906,442$85,463,531
Long-term investments$1,413,588$1,657,572$1,658,195
Fixed assets$721,862$747,861$777,559
Other long-term assets$5,610,455$5,549,397$7,987,989
Total long-term assets$7,745,905$7,954,830$10,423,743
Total assets$101,270,137$107,861,272$95,887,274
 
Liabilities202220212020
Payables and accrued expenses$64,352$67,143$36,963
Other current liabilities$0$0$86,620
Total current liabilities$64,352$67,143$123,583
Debt$0$0$0
Due to (from) affiliates$0$0$0
Other long-term liabilities$3,910,861$3,511,389$2,898,523
Total long-term liabilities$3,910,861$3,511,389$2,898,523
Total liabilities$3,975,213$3,578,532$3,022,106
 
Net assets202220212020
Without donor restrictions$84,844,021$90,158,828$79,323,184
With donor restrictions$12,450,903$14,123,912$13,541,984
Net assets$97,294,924$104,282,740$92,865,168
 
Revenues and expenses
 
Revenue202220212020
Total contributions$35,092,676$30,141,443$25,348,929
Program service revenue$31,668$20,054$22,304
Membership dues$0$0$0
Investment income$3,417,053$7,557,365$2,027,309
Other revenue($20,473)$13,874$11,906
Total other revenue$3,428,248$7,591,293$2,061,519
Total revenue$38,520,924$37,732,736$27,410,448
 
Expenses202220212020
Program services$30,789,925$26,289,152$24,872,637
Management and general$365,495$296,537$359,134
Fundraising$34,831$34,811$34,709
Total expenses$31,190,251$26,620,500$25,266,480
 
Change in net assets202220212020
Surplus (deficit)$7,330,673$11,112,236$2,143,968
Other changes in net assets$0$0$0
Total change in net assets$7,330,673$11,112,236$2,143,968

Compensation

NameTitleCompensation
James R BarberPresident$160,740

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/30/2024. To update the information below, please email: [email protected]


History

The story of The Generosity Trust is the story of a Christian woman with a bold vision: to be extraordinarily generous with the financial resources God had entrusted to her. Dora Maclellan Brown, affectionately known as Aunt Dora, served on the Board of her family's private foundation and encouraged them in a letter "to always remember the definitely Christian faith." Using proceeds earned through her family business, she started her own foundation that would become The Generosity Trust. Her letter has become a guiding principle for our outreach.

Today, The Generosity Trust (TGT) carries forward Aunt Dora's vision more than 50 years later. We advance the cause of Christ by magnifying the joyful generosity of Christians. While continuing to make grants and provide seminary scholarships in memory of our founder, we are primarily a donor-driven foundation that provides funds and services to simplify charitable giving for generous Christians.

The legacy of Aunt Dora remains central to our work today as we begin serving a third generation of donors. We partner with people who want to be generous with their financial resources and leave a legacy for years to come.


Program accomplishments


Needs