Care Foundation of America Inc is a private foundation based in Brentwood, Tennessee. Established in 1999 and granted tax-exempt status in February 2000, the organization operates as a 501(c)(3) entity classified under the Health—General and Rehabilitative / Community Health Systems category.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$53.3M
+5.5% YoY
Annual Giving
$2.9M
+11.9% YoY
Grant Count
9
-25.0% YoY
Avg Grant Size
$319K
+49.2% YoY
Under IRS private-foundation payout rules, Care Foundation of America Inc reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is the furtherance of healthcare and education in the state of Tennessee. The organization invests substantially in two investment companies, with earnings from investment income reinvested and a portion allocated to grant funding for health care and education purposes.
Grantmaking
The foundation made 10 grants in 2023. Recent grantees include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Tennessee, with some activity in New Jersey and Georgia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $50.6 million
- Total Revenue: $1.34 million
- Total Expenses: $3.05 million
- Total Liabilities: $1.32 million
- Number of Employees: 2
As of 2024:
- Total Assets: $53.3 million
- Total Giving: $2.867 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $53,326,900 | $50,566,928 | $48,044,795 |
| Revenue | $3,384,268 | $1,337,794 | $2,235,079 |
| Expenses | $3,355,468 | $3,052,514 | $2,751,666 |
| Qualifying Distributions | $2,981,404 | $2,683,065 | $2,242,552 |
| Net Investment Income | $3,017,022 | $992,538 | $1,856,801 |
| Distributable Amount | $2,551,309 | $2,385,286 | $2,415,852 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Renewal House ($500,000), Nashville Software School ($420,000), Scarlet Rope Project ($400,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HEALING HANDS BRISTOL, TN | TO FURTHER EXEMPT PURPOSE | $320,000 |
| INTERFAITH DENTAL CLINIC NASHVILLE, TN | TO FURTHER EXEMPT PURPOSE | $125,000 |
| PERSIST NASHVILLE NASHVILLE, TN | TO FURTHER EXEMPT PURPOSE | $302,000 |
| RALLY FOUNDATION FOR CHILDHOOD CANCER RESEARCH ATLANTA, GA | TO FURTHER EXEMPT PURPOSE | $125,000 |
| NEW BRUNSWICK ISLAMIC CENTER NORTH BRUNSWICK, NJ | TO FURTHER EXEMPT PURPOSE | $275,000 |
| SCARLET ROPE PROJECT JACKSON, TN | TO FURTHER EXEMPT PURPOSE | $400,000 |
| PIVOT TN ALCOA, TN | TO FURTHER EXEMPT PURPOSE | $400,000 |
| NASHVILLE SOFTWARE SCHOOL NASHVILLE, TN | TO FURTHER EXEMPT PURPOSE | $420,000 |
| RENEWAL HOUSE NASHVILLE, TN | TO FURTHER EXEMPT PURPOSE | $500,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
C Thomas Davenport Jr serves as Principal Officer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| C THOMAS DAVENPORT JR | PRESIDENT/DIRECTOR | 10 | $78,500 |
| JOSEPH KEANE | VICE PRESIDENT/CFO/DIRECTO | 10 | $78,500 |
| JAMES USDAN | DIRECTOR | 5 | $1,000 |
| CHARITA ALLEN | DIRECTOR | 5 | $1,000 |
| NATALIE HENLEY | SECRETARY/CONTROLLER | 6 | $43,200 |
| TAUSHA ALEXANDER | DIRECTOR | 5 | $500 |
| MAX THEODORE | DIRECTOR | 5 | $1,000 |
Contact Information
Address: 750 Old Hickory Blvd Suite 150, Brentwood, TN 37027
Phone: 615-257-0633
EIN: 62-1802653
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Care Foundation of America Inc fund?
The foundation's stated purpose is the furtherance of healthcare and education in the state of Tennessee. The organization invests substantially in two investment companies, with earnings from investment income reinvested and a portion allocated to grant funding for health care and education purposes.
How do I apply for a grant from Care Foundation of America Inc?
The foundation made 10 grants in 2023. Recent grantees include: • Creative Discovery Museum ($375,000) • Healing Hands Health ($320,000) • Persist Nashville Typical grant awards range from $100,000 to $525,000. The foundation's total giving in 2023 was $2,867,000.
Where does Care Foundation of America Inc make grants?
The foundation primarily funds organizations in Tennessee, with some activity in New Jersey and Georgia.
What size grants does Care Foundation of America Inc award?
In 2024, Care Foundation of America Inc awarded 9 grants totaling $2.9M — an average of about $319K per grant, based on its IRS Form 990 filings.
How much is Care Foundation of America Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Care Foundation of America Inc reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Care Foundation of America Inc's EIN?
Care Foundation of America Inc's EIN (Employer Identification Number) is 62-1802653. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Care Foundation of America Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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