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Mcconnell Foundation Inc. is a private corporation based in NASHVILLE, TN. The foundation received its IRS ruling in 2003. The principal officer is William Henry Agee. It holds total assets of $205K. Annual income is reported at $95K. Total assets have decreased from $449K in 2011 to $213K in 2023. The foundation is governed by 3 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 2016 to 2023. The foundation primarily funds organizations in Tennessee and Alabama. According to available records, Mcconnell Foundation Inc. has made 11 grants totaling $91K, with a median grant of $5K. Annual giving has grown from $22K in 2020 to $47K in 2022. Individual grants have ranged from $4K to $17K, with an average award of $8K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Alabama and Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$7K
Average Grant
$7K
Largest Grant
$10K
Based on 3 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.
Mcconnell Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in AL, TN.
Mcconnell Foundation Inc. has distributed a total of $91K across 11 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $4K to $17K.
Mcconnell Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mcconnell Foundation Inc. is headquartered in NASHVILLE, TN. While based in TN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Clay S Agee | V P - DIRE | $0 | $0 | N/A |
| Lesa Agee | PRES - DIR | $0 | $0 | N/A |
| William Henry Agee | SEC-TREA-DIR | $0 | $0 | N/A |
Total Giving
$25K
Total Assets
$213K
Fair Market Value
$230K
Net Worth
$213K
Grants Paid
$15K
Contributions
N/A
Net Investment Income
$11K
Distribution Amount
$11K
Total Grants
11
Total Giving
$91K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
4
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community Found Of Greater BhamPAUL S MCCONNELL FUND | Birmingham, AL | $15K | 2022 |
| Wtci Tv 45CLASSICAL MUSIC PROGRAMMING | Chattanooga, TN | $5K | 2022 |
| South Cumberland Community FundPAUL MCCONNELL MUSIC GRANT | Monteagle, TN | $4K | 2022 |
| South Cumberland Communiity FundPAUL MCCONNELL MUSIC FUND | Monteagle, TN | $10K | 2020 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN