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Willayne E Towe Foundation is a private corporation based in KNOXVILLE, TN. The foundation received its IRS ruling in 2005. The principal officer is Carolyn Mcmurry. It holds total assets of $1.5M. Annual income is reported at $1.2M. Total assets have grown from $603K in 2011 to $731K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Tennessee. According to available records, Willayne E Towe Foundation has made 46 grants totaling $173K, with a median grant of $4K. The foundation has distributed between $57K and $59K annually from 2020 to 2022. Individual grants have ranged from $1K to $10K, with an average award of $4K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Tennessee, Georgia, Kentucky, which account for 96% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$4K
Average Grant
$4K
Largest Grant
$10K
Based on 13 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.
Willayne E Towe Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 46 grants. Its grantmaking reaches organizations primarily in TN, GA, KY.
Willayne E Towe Foundation has distributed a total of $173K across 46 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $1K to $10K.
Awards are limited to exempt christian organizations who desire funds for programs promoting the teachings of the gospel of jesus christ,the establishment of new ministries,planting new churches, encouraging the application of biblical principles in everyday life and helping develop a better understanding of the bible through studies and education.
Willayne E Towe Foundation is headquartered in KNOXVILLE, TN. While based in TN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Carolyn Mcmurry | DIRECTOR | $0 | $0 | N/A |
| Gregory D Mcmurry | PRESIDENT / DIRECTOR | $0 | $0 | N/A |
| Bob Coppock | SECRETARY / DIRECTOR | $0 | $0 | N/A |
| Kelsey S Mcmurry | DIRECTOR | $0 | $0 | N/A |
Total Giving
$63K
Total Assets
$731K
Fair Market Value
$1.1M
Net Worth
$731K
Grants Paid
$39K
Contributions
N/A
Net Investment Income
$54K
Distribution Amount
$51K
Total Grants
46
Total Giving
$173K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
14
Most Common Grant
$4K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Restoration HouseGENERAL FUND | Knoxville, TN | $3K | 2022 |
| Lighting The Way InternationalGENERAL FUND | Atlanta, GA | $7K | 2022 |
| Street Hope TnGENERAL FUND | Powell, TN | $4K | 2022 |
| Knoxville Inner City Kids OutreachGENERAL FUND | Knoxville, TN | $3K | 2022 |
| Vital FamiliesGENERAL FUND | Knoxville, TN | $3K | 2022 |
| Susannah'S HouseGENERAL FUND | Knoxville, TN | $3K | 2022 |
| Cedarbrook Outreach IncGENERAL FUND | Knoxville, TN | $3K | 2022 |
| Knoxville - Knox County Family Justice CenterGENERAL FUND | Knoxville, TN | $2K | 2022 |
| Girls Incorporated Of Oak RidgeGENERAL FUND | Knoxville, TN | $2K | 2022 |
| Youth With A MissionGENERAL FUND | Louisville, KY | $1K | 2022 |
| Miracle Lake Christian Training CenterGENERAL FUND | Etowah, TN | $4K | 2021 |
| United Way Of Anderson CountyGENERAL FUND | Oak Ridge, TN | $4K | 2021 |
| Creekside Bible ChurchGENERAL FUND | Spring, TX | $4K | 2021 |
| Knoxville-Knox County Family Justice CenterGENERAL FUND | Knoxville, TN | $4K | 2021 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN