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Also known as: FOUNDATION
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Memphis Grizzlies Charitable Foundation is a private corporation based in MEMPHIS, TN. The foundation received its IRS ruling in 2004. The principal officer is Stan Meadows. It holds total assets of $805K. Annual income is reported at $1M. Total assets have grown from $396K in 2011 to $615K in 2022. The foundation is governed by 8 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. Grantmaking is concentrated in Tennessee. According to available records, Memphis Grizzlies Charitable Foundation has made 73 grants totaling $1.7M, with a median grant of $20K. Annual giving has decreased from $807K in 2020 to $552K in 2022. Individual grants have ranged from $2K to $195K, with an average award of $24K. The foundation has supported 28 unique organizations. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$7K
Median Grant
$38K
Average Grant
$47K
Largest Grant
$195K
Based on 17 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.
Memphis Grizzlies Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in TN.
Memphis Grizzlies Charitable Foundation has distributed a total of $1.7M across 73 grants. The median grant size is $20K, with an average of $24K. Individual grants have ranged from $2K to $195K.
Memphis Grizzlies Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Memphis Grizzlies Charitable Foundation is headquartered in MEMPHIS, TN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Abusheri Ohwofasa | EXECUTIVE DIRECTOR / SECRETARY | $66K | $5K | $71K |
| Pete Pranica | DIRECTOR | $0 | $0 | N/A |
| Jason Wexler | DIRECTOR | $0 | $0 | N/A |
| Teresa Sloyan | DIRECTOR | $0 | $0 | N/A |
| J Martin Regan | DIRECTOR | $0 | $0 | N/A |
| G Staley Cates | DIRECTOR | $0 | $0 | N/A |
| Sean Tuohy | DIRECTOR | $0 | $0 | N/A |
| Elliot Perry | PRESIDENT | $0 | $0 | N/A |
Total Giving
$868K
Total Assets
$615K
Fair Market Value
$615K
Net Worth
$433K
Grants Paid
$251K
Contributions
$859K
Net Investment Income
N/A
Distribution Amount
$28K
Total Grants
73
Total Giving
$1.7M
Average Grant
$24K
Median Grant
$20K
Unique Recipients
28
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Freeman Outreach CenterUNDESIGNATED GENERAL OPERATING SUPPORT | Memphis, TN | $2K | 2022 |
| Memphis Grizzlies Preparatory Charter School IncUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | Memphis, TN | $60K | 2022 |
| St Georges SchoolUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | Germantown, TN | $20K | 2022 |
| Streets Ministries IncUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION/MENTORING | Memphis, TN | $20K | 2022 |
| Big Brothers Big Sisters Of The Mid-South IncUNDESIGNATED GENERAL OPERATING SUPPORT | Memphis, TN | $20K | 2022 |
| Youth VillagesUNDESIGNATED GENERAL OPERATING SUPPORT-CHILDREN'S EDUCATION/WELFARE | Memphis, TN | $20K | 2022 |
| Juvenile Intervention And Faith-Based Follow Up (Jiff)UNDESIGNATED GENERAL OPERATING SUPPORT-CHILDREN'S WELFARE | Memphis, TN | $20K | 2022 |
| Indie MemphisUNDESIGNATED GENERAL OPERATING SUPPORT-PERFORMING ARTS | Memphis, TN | $20K | 2022 |
| Lausanne SchoolUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | Memphis, TN | $17K | 2022 |
| World ReliefUNDESIGNATED GENERAL OPERATING SUPPORT | Memphis, TN | $16K | 2022 |
| Code CrewUNDESIGNATED GENERAL OPERATING SUPPORT-MENTORING | Memphis, TN | $15K | 2022 |
| Reach MemphisUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION/MENTORING | Memphis, TN | $10K | 2022 |
| Lite MemphisUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | Memphis, TN | $10K | 2022 |
| Memphis University SchoolUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | Memphis, TN | $6K | 2022 |
| New Ballet Ensemble & SchoolUNDESIGNATED GENERAL OPERATING SUPPORT-CHILDREN'S EDUCATION/WELFARE | Memphis, TN | $5K | 2022 |
| St Andrews-Sewanee SchoolUNDESIGNATED GENERAL OPERATING SUPPORT | Sewanee, TN | $4K | 2022 |
| Christian Brothers High SchoolUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | Memphis, TN | $4K | 2022 |
| City Year MemphisUNDESIGNATED GENERAL OPERATING SUPPORT | Memphis, TN | $3K | 2022 |
| Memphis Bears Inc PalUNDESIGNATED GENERAL OPERATING SUPPORT | Memphis, TN | $2K | 2022 |
| Beautiful Spirited WomenUNDESIGNATED GENERAL OPERATING SUPPORT | Memphis, TN | $2K | 2022 |
| Grizzlies PrepUNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | Memphis, TN | $60K | 2021 |
| Hatiloo TheaterUNDESIGNATED GENERAL OPERATING SUPPORT-PERFORMING ARTS EDUCATION | Memphis, TN | $20K | 2021 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN