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Joe & Velma Dewitt Foundation is a private corporation based in NASHVILLE, TN. The foundation received its IRS ruling in 1984. It holds total assets of $1M. Annual income is reported at $337K. Total assets have decreased from $1.3M in 2011 to $917K in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Tennessee, Michigan and Florida. According to available records, Joe & Velma Dewitt Foundation has made 17 grants totaling $225K, with a median grant of $5K. Annual giving has decreased from $120K in 2020 to $55K in 2023. Individual grants have ranged from $5K to $50K, with an average award of $13K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Tennessee, Michigan, Florida, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$15K
Largest Grant
$50K
Based on 8 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.
Joe & Velma Dewitt Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in TN, MI, FL.
Joe & Velma Dewitt Foundation has distributed a total of $225K across 17 grants. The median grant size is $5K, with an average of $13K. Individual grants have ranged from $5K to $50K.
Joe & Velma Dewitt Foundation typically selects its grantees rather than accepting unsolicited proposals.
Joe & Velma Dewitt Foundation is headquartered in NASHVILLE, TN. While based in TN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rhonda S Rutherford | SECRETARY AND EVP | $6K | $0 | $6K |
| Jackie H Stophel | ASST SECRETARY | $0 | $0 | N/A |
| Glenn C Stophel | PRESIDENT | $0 | $0 | N/A |
Total Giving
$63K
Total Assets
$917K
Fair Market Value
$930K
Net Worth
$917K
Grants Paid
$55K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$44K
Total Grants
17
Total Giving
$225K
Average Grant
$13K
Median Grant
$5K
Unique Recipients
10
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bryan CollegeOPERATING FUNDS | Dayton, TN | $15K | 2023 |
| Life Action MinistriesOPERATING FUNDS | Buchannan, MI | $15K | 2023 |
| Nashville Rescue MissionOPERATING FUNDS | Nashville, TN | $5K | 2023 |
| Brentwood BaptistOPERATING FUNDS | Brentwood, TN | $5K | 2023 |
| Tunnel To Towers FoundationOPERATING FUNDS | Staten Island, NY | $5K | 2023 |
| Wounded Warrior ProjectOPERATING FUNDS | Jacksonville, FL | $5K | 2023 |
| Ankerberg Theological ResearchOPERATING FUNDS | Chattanooga, TN | $5K | 2023 |
| Brainerd Baptist ChurchOPERATING FUNDS | Chattanooga, TN | $50K | 2020 |
| Copper Basin Crisis CenterOPERATING FUNDS | Ducktown, TN | $20K | 2020 |
| Brentwood Baptist ChurchOPERATING FUNDS | Brentwood, TN | $5K | 2020 |