Carol and Vernon Grizzard Family
Carol and Vernon Grizzard Family is a private foundation, based in Chattanooga, TN. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $10.1M in total assets. In 2025, it awarded 1 grant totaling $100K. Net investment income was $207K.
Carol and Vernon Grizzard Family at a glance
In short: Carol and Vernon Grizzard Family gave $100K across 1 grant in 2025 (avg $100K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $100,000
- Grants made (2025)
- 1
- Average grant
- $100,000
- Median grant
- $100,000
- Total assets
- $10,088,649
- +100.7% vs 2024
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Carol and Vernon Grizzard Family funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was YMCA of Rome and Floyd County ($100K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Carol and Vernon Grizzard Family gives
- In 2025 it paid out 34% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of Rome and Floyd County Rome, GA | In Support of the Grizzard Park Capital Campaign. | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,088,649 | $5,207,181 | $102,306 | $100,000 | 1 | $100,000 | $207,028 | $294,421 |
| 2024 | $5,027,352 | $5,011,036 | — | — | — | — | $11,036 | $54,737 |
Under IRS private-foundation payout rules, Carol and Vernon Grizzard Family reported a distributable amount of $294K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carol and Vernon Grizzard Family is led by Carol Grizzard, President on every filing since 2024; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carol Grizzard
President
On filings since 2024
1 hr/week
No compensation reported
Vernon D. Grizzard III
Secretary
On filings since 2024
No compensation reported
Vernon D. Grizzard Jr.
Manager
On filings since 2024
1 hr/week
No compensation reported
Tina Marx
Treasurer
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (1)
- Former: Lisa Harris (2024) — Treasurer
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Carol and Vernon Grizzard Family
How much does Carol and Vernon Grizzard Family give each year?
Carol and Vernon Grizzard Family gave $100K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
How large is Carol and Vernon Grizzard Family?
Carol and Vernon Grizzard Family reported $10.1M in total assets on its 2025 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $294K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Carol and Vernon Grizzard Family operate?
Carol and Vernon Grizzard Family has awarded grants in Georgia.
What is Carol and Vernon Grizzard Family's EIN?
Carol and Vernon Grizzard Family's EIN (Employer Identification Number) is 99-3360305. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal year 2024
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