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Also known as: FOUNDATION INC
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The Red Bank And Soddy-Daisy Charitable Foundation Inc. is a private corporation based in CHATTANOOGA, TN. The foundation received its IRS ruling in 1976. It holds total assets of $779K. Annual income is reported at $63K. Total assets have decreased from $1.1M in 2011 to $791K in 2023. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. According to available records, The Red Bank And Soddy-Daisy Charitable Foundation Inc. has made 5 grants totaling $138K, with a median grant of $24K. The foundation has distributed between $45K and $48K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $48K distributed across 2 grants. Individual grants have ranged from $23K to $45K, with an average award of $28K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
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.
The Red Bank And Soddy-Daisy Charitable Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TN.
The Red Bank And Soddy-Daisy Charitable Foundation Inc. has distributed a total of $138K across 5 grants. The median grant size is $24K, with an average of $28K. Individual grants have ranged from $23K to $45K.
The Red Bank And Soddy-Daisy Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Red Bank And Soddy-Daisy Charitable Foundation Inc. is headquartered in CHATTANOOGA, TN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Patricia S Baker | BOARD MEMBER, CHAIRPERSON | $0 | $0 | N/A |
| Rebecca F Browder | BOARD MEMBER, VICE CHAIRPERSON | $0 | $0 | N/A |
| Charles Ingle | BOARD MEMBER, SECRETARY | $0 | $0 | N/A |
| Hardie H Stulce | BOARD MEMBER, DIRECTOR | $0 | $0 | N/A |
| John M Roberts | BOARD MEMBER, DIRECTOR | $0 | $0 | N/A |
Total Giving
$59K
Total Assets
$791K
Fair Market Value
$966K
Net Worth
$791K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$56K
Distribution Amount
$45K
Total: $103K
Total Grants
5
Total Giving
$138K
Average Grant
$28K
Median Grant
$24K
Unique Recipients
2
Most Common Grant
$24K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| City Of Red BankFOR THE SOLE AND EXCLUSIVE PURPOSE OF UPGRADING THE COMMUNITY CENTER PLAYGROUND PUBLIC RESTROOM FACILITIES AND INSTALLING OUTDOOR DRINKING WATER FOUNTAINS AT THAT AND OTHER CITY PARK FACILITIES. | Red Bank, TN | $45K | 2024 |
| City Of Soddy-DaisyFOR THE EXCLUSIVE PURPOSES OF THE SODDY LAKE FISHING PIER REPAIR AND REPAIR/REPLACEMENT OF THE BATTING CAGE(S) AT THE SODDY DAISY KIDS CLUB PARK. | Soddydaisy, TN | $24K | 2023 |