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Frank P Pierce Foundation Inc. is a private corporation based in CHATTANOOGA, TN. The foundation received its IRS ruling in 2004. The principal officer is R Wayne Peters. It holds total assets of $21M. Annual income is reported at $8.2M. Total assets have grown from $962K in 2010 to $20.2M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in Tennessee and Georgia. According to available records, Frank P Pierce Foundation Inc. has made 33 grants totaling $3.5M, with a median grant of $25K. Annual giving has grown from $871K in 2020 to $1.5M in 2022. Individual grants have ranged from $5K to $1M, with an average award of $106K. The foundation has supported 18 unique organizations. Grants have been distributed to organizations in Tennessee and Georgia. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$18K
Average Grant
$145K
Largest Grant
$726K
Based on 6 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.
Frank P Pierce Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in TN, GA.
Frank P Pierce Foundation Inc. has distributed a total of $3.5M across 33 grants. The median grant size is $25K, with an average of $106K. Individual grants have ranged from $5K to $1M.
Frank P Pierce Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Frank P Pierce Foundation Inc. is headquartered in CHATTANOOGA, TN. While based in TN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas S Tarvin | PRESIDENT & DIRECTOR | $35K | $0 | $35K |
| R Wayne Peters | SECRETARY & TREASURER | $0 | $0 | N/A |
Total Giving
$1.4M
Total Assets
$20.2M
Fair Market Value
$22.6M
Net Worth
$20.2M
Grants Paid
$1M
Contributions
N/A
Net Investment Income
$1.1M
Distribution Amount
$1M
Total: N/A
Total Grants
33
Total Giving
$3.5M
Average Grant
$106K
Median Grant
$25K
Unique Recipients
18
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Generosity TrustOPERATING FUNDS | Chattanooga, TN | $265K | 2022 |
| Lift Youth Center IncOPERATING FUNDS | Ringgold, GA | $75K | 2022 |
| Catoosa County GeorgiaLIBRARY CONSTRUCTION | Ringgold, GA | $50K | 2022 |
| Friends Of The Sixth Cavalry Museum IncMUSEUM CONSTRUCTION | Fort Oglethorpe, GA | $30K | 2022 |
| Ymca Of Metropolitan ChattanoogaOPERATING FUNDS | Chattanooga, TN | $25K | 2022 |
| Restore 634 IncBUILDING RENOVATIONS | Lafayette, GA | $15K | 2022 |
| University Of Chattanooga Foundation IncOPERATING FUNDS | Chattanooga, TN | $10K | 2022 |
| Friends Of Special ChildrenFUNDING CHARITABLE FUNDRAISER | Chattanooga, TN | $10K | 2022 |
| Walker County GeorgiaOPERATING FUNDS | Lafayette, GA | $5K | 2022 |
| Memorial Health Care SystemHOSPITAL CONSTRUCTION | Chattanooga, TN | $1M | 2021 |
| Erlanger Health System FoundationHOSPITAL CONSTRUCTION | Chattanooga, TN | $100K | 2021 |
| The University Of Chattanooga Foundation IncEDUCATION | Chattanooga, TN | $20K | 2021 |
| Restore 634RELIGIOUS EDUCATION | Lafayette, GA | $10K | 2021 |
| Gordon Lee Memorial High School Alumni AssociationEDUCATION | Chickamauga, GA | $5K | 2021 |
| Chattanooga Area Food BankPROGRAMS FOR FEEDING THE NEEDY IN THE COMMUNITY | Chattanooga, TN | $100K | 2020 |
| Friends Of The Sixth CalvaryEDUCATION | Fort Oglethorpe, GA | $25K | 2020 |
| Catoosa County Sheriff'S Office Stocking Full Of LovePROVIDING CHRISTMAS TOYS TO NEEDY CHILDREN IN CATOOSA COUNTY, GA | Ringgold, GA | $5K | 2020 |
| Walker County Al Millard Memorial Stocking Full Of LovePROVIDING CHRISTMAS TOYS TO NEEDY CHILDREN IN WALKER COUNTY, GA | Lafayette, GA | $5K | 2020 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN