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Chattanooga Ophthalmological Foundation is a private corporation based in CHATTANOOGA, TN. The foundation received its IRS ruling in 1969. The principal officer is Dr Molly R Seal. It holds total assets of $5.6M. Annual income is reported at $7.3M. The foundation is governed by 11 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. Grantmaking is concentrated in Tennessee. According to available records, Chattanooga Ophthalmological Foundation has made 23 grants totaling $1.2M, with a median grant of $40K. The foundation has distributed between $191K and $795K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $795K distributed across 13 grants. Individual grants have ranged from $6K to $130K, with an average award of $53K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$18K
Median Grant
$35K
Average Grant
$53K
Largest Grant
$130K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Chattanooga Ophthalmological Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in TN.
Chattanooga Ophthalmological Foundation has distributed a total of $1.2M across 23 grants. The median grant size is $40K, with an average of $53K. Individual grants have ranged from $6K to $130K.
Chattanooga Ophthalmological Foundation typically selects its grantees rather than accepting unsolicited proposals.
Chattanooga Ophthalmological Foundation is headquartered in CHATTANOOGA, TN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Molly R Seal Md | PRESIDENT AND DIRECTOR | $12K | $0 | $12K |
| Camden B Scearce | DIRECTOR | $0 | $0 | N/A |
| Thomas A Reynolds Md | DIRECTOR | $0 | $0 | N/A |
| Patrick J Bowers Jr Md | DIRECTOR | $0 | $0 | N/A |
| E Stephen Jett | VP AND DIRECTOR | $0 | $0 | N/A |
| James L Catanzaro | SECRETARY/TREASURER | $0 | $0 | N/A |
| Charles A Kirby Md | DIRECTOR | $0 | $0 | N/A |
| Richard Breazeale Md | DIRECTOR | $0 | $0 | N/A |
| Patrick Bowers Jr Md | DIRECTOR | $0 | $0 | N/A |
| Thomas M Reynolds Md | DIRECTOR | $0 | $0 | N/A |
| Richard I Breazeale Md | DIRECTOR | $0 | $0 | N/A |
Total Giving
$337K
Total Assets
$3.5M
Fair Market Value
$4.9M
Net Worth
$3.5M
Grants Paid
$224K
Contributions
N/A
Net Investment Income
$141K
Distribution Amount
$226K
Total: $3.4M
Total Grants
23
Total Giving
$1.2M
Average Grant
$53K
Median Grant
$40K
Unique Recipients
8
Most Common Grant
$35K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Signal Centers IncVISION SERVICES | Chattanooga, TN | $130K | 2023 |
| Medical Society Of ChattanoogaINDIGENT MEDICAL CARE | Chattanooga, TN | $40K | 2023 |
| Volunteers In MedicineINDIGENT MEDICAL CARE | Chattanooga, TN | $35K | 2023 |
| Erlanger Health SystemPURCHASE OF MEDICAL EQUIPMENT | Chattanooga, TN | $7K | 2023 |
| Remote Area MedicalFOOD, LODGING & SUPPLIES FOR VOLUNTEERS | Chattanooga, TN | $6K | 2023 |
| Lifespring Community HealthINDIGENT MEDICAL CARE | Chattanooga, TN | $6K | 2023 |
| Siskin Hospital For Physical RehabilitationINDIGENT MEDICAL CARE | Chattanooga, TN | $50K | 2022 |
| Medical Foundation Of ChattanoogaINDIGENT MEDICAL CARE | Chattanooga, TN | $35K | 2022 |