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Wallace And Mary Casnelli Foundation is a private trust based in KNOXVILLE, TN. The foundation received its IRS ruling in 2017. The principal officer is Stacy Roettger. It holds total assets of $5.5M. Annual income is reported at $1.3M. The foundation is governed by 4 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 2020 to 2023. Grantmaking is concentrated in Tennessee. According to available records, Wallace And Mary Casnelli Foundation has made 53 grants totaling $2.4M, with a median grant of $50K. The foundation has distributed between $350K and $1.2M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.2M distributed across 27 grants. Individual grants have ranged from $5K to $100K, with an average award of $46K. The foundation has supported 12 unique organizations. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$50K
Average Grant
$44K
Largest Grant
$64K
Based on 9 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.
Wallace And Mary Casnelli Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 53 grants. Its grantmaking reaches organizations primarily in TN.
Wallace And Mary Casnelli Foundation has distributed a total of $2.4M across 53 grants. The median grant size is $50K, with an average of $46K. Individual grants have ranged from $5K to $100K.
Wallace And Mary Casnelli Foundation typically selects its grantees rather than accepting unsolicited proposals.
Wallace And Mary Casnelli Foundation is headquartered in KNOXVILLE, TN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| The Trust Company Of Tennessee | TRUSTEE | $43K | $0 | $43K |
| Stacy E Roettger | ADVISOR | $0 | $0 | N/A |
| Will J Pugh | ADVISOR | $0 | $0 | N/A |
| Howard Roger Rankin | ADVISOR | $0 | $0 | N/A |
Total Giving
$396K
Total Assets
$5.6M
Fair Market Value
$6.5M
Net Worth
$5.6M
Grants Paid
$350K
Contributions
N/A
Net Investment Income
$221K
Distribution Amount
$308K
Total: N/A
Total Grants
53
Total Giving
$2.4M
Average Grant
$46K
Median Grant
$50K
Unique Recipients
12
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United Way Of Greater KnoxvilleGENERAL FUNDING | Knoxville, TN | $65K | 2023 |
| Boys And Girls Club Of TheGENERAL FUNDING | Knoxville, TN | $50K | 2023 |
| Roane State Community CollegeGENERAL FUNDING | Harriman, TN | $50K | 2023 |
| University Of Tn Medical CenterGENERAL FUNDING | Knoxville, TN | $50K | 2023 |
| Emerald Youth FoundationGENERAL FUNDING | Knoxville, TN | $50K | 2023 |
| Helen Ross Mcnabb CenterGENERAL FUNDING | Knoxville, TN | $50K | 2023 |
| Mobile Meals ProgramGENERAL FUNDING | Knoxville, TN | $30K | 2023 |
| Yoke Youth MinistriesGENERAL FUNDING | Knoxville, TN | $5K | 2023 |
| Catholic Diocese Of KnoxvilleBUILDING CAMPAIGN | Knoxville, TN | $50K | 2022 |
| University Of Tennessee Medical CenterPROGRAM SUPPORT | Knoxville, TN | $50K | 2022 |
| Pat Summit FoundationGENERAL FUNDING | Knoxville, TN | $50K | 2021 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN