Day Family Foundation Inc

CHATTANOOGA, TN EIN: 86-2143114

Day Family Foundation Inc is a private foundation focused on Education, based in CHATTANOOGA, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 2 grants totaling $110K. Net investment income was $81K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

-1.3% YoY

Annual Giving

$110K

+10.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$55K

+10.0% YoY

Under IRS private-foundation payout rules, Day Family Foundation Inc reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.

About Day Family Foundation Inc

Based on IRS filings

Focus Areas

Education

Ready to take the next step with Day Family Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $428K (100%)

States

Tennessee

Cities

Chattanooga

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,035,314	$2,061,764	$2,099,730
Revenue	$130,099	$117,271	$280,520
Expenses	$156,549	$155,237	$286,765
Qualifying Distributions	$110,000	$103,706	$217,500
Net Investment Income	$81,167	$65,632	—
Distributable Amount	$99,755	$98,347	$95,389

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Notre Dame High School ($80,000), Saint Jude Catholic School ($30,000).

Recipient	Purpose	Amount
NOTRE DAME HIGH SCHOOL CHATTANOOGA, TN	TUITION ASSISTANCE	$80,000
SAINT JUDE CATHOLIC SCHOOL CHATTANOOGA, TN	TUITION ASSISTANCE	$30,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOHN BURHMAN	PRESIDENT	1	—
BRENT GOLDBERG	SECRETARY-TREASURER	—	—
TODD DOCKERY	VICE PRESIDENT	—	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Day Family Foundation Inc?

Day Family Foundation Inc is a private foundation focused on Education, based in CHATTANOOGA, TN. It holds $2.0M in total assets as of 2024.

How large is Day Family Foundation Inc?

As of 2024, Day Family Foundation Inc holds $2.0M in total assets with $130K in annual revenue. It awarded 2 grants totaling $110K in 2024.

Where does Day Family Foundation Inc operate?

Day Family Foundation Inc has awarded grants in Tennessee.

What size grants does Day Family Foundation Inc award?

In 2024, Day Family Foundation Inc awarded 2 grants totaling $110K — an average of about $55K per grant, based on its IRS Form 990 filings.

How much is Day Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Day Family Foundation Inc reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.