East Tennessee Cardiovascular is a private foundation focused on Medical Research, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 7 grants totaling $80K. Net investment income was $116K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+0.8% YoY
Annual Giving
$80K
-0.6% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$11K
+13.6% YoY
Under IRS private-foundation payout rules, East Tennessee Cardiovascular reported a distributable amount of $105K for 2024 — the minimum it must pay out in qualifying distributions.
About East Tennessee Cardiovascular
Based on IRS filings
East Tennessee Cardiovascular is a private foundation focused on Medical Research, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 7 grants totaling $80K. Net investment income was $116K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,535,618 | $1,522,687 | $1,601,467 |
| Revenue | $133,045 | $47,525 | $52,939 |
| Expenses | $120,114 | $126,305 | $144,714 |
| Qualifying Distributions | $93,230 | $93,730 | $105,373 |
| Net Investment Income | $115,569 | $31,718 | $32,388 |
| Distributable Amount | $104,613 | $92,866 | $96,509 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chadasha Foundation ($35,000), American Heart Association ($20,000), Knoxville Youth Athletics ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEART ASSOCIATION DALLAS, TX | SUPPORT FOR HEART HEALTH ACROSS THE UNITED STATES | $20,000 |
| CHADASHA FOUNDATION LOUISVILLE, TN | SUPPORT HEART SURGERY IN JIMANI FOR HAITIAN CHILDREN. | $35,000 |
| HELEN ROSS MCNABB FOUNDATION KNOXVILLE, TN | TO SUPPORT THE MISSION OF MENTAL HEALTH CARE IN EAST TENNESSEE | $1,250 |
| KNOXVILLE MUSEUM OF ART KNOXVILLE, TN | TO SUPPORT ART COMMUNITY OF EAST TENNESSEE | $8,000 |
| KNOXVILLE YOUTH ATHLETICS KNOXVILLE, TN | SUPPORT HEALTH AND WELLNESS THROUGH TRACK AND FIELD PROGRAMS IN KNOX COUNTY MIDDLE SCHOOLS. | $10,000 |
| 1907 FOUNDATION KNOXVILLE, TN | TO SUPPORT INNOVATIVE AND INTERDISCIPLINARY NEUROSCIENCE RESEARCH FOR MENTAL HEALTH. | $2,500 |
| WEST ATHLETIC COUNCIL KNOXVILLE, TN | TO SUPPORT WEST HIGH ATHLETICS | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MALCOLM T FOSTER III MD | PRESIDENT | — | — |
| STEVE REED MD | TRUSTEE | — | — |
| BARRY I MICHELSON MD | SECRETARY | — | — |
| CLINT DOIRON MD | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is East Tennessee Cardiovascular?
East Tennessee Cardiovascular is a private foundation focused on Medical Research, based in KNOXVILLE, TN. It holds $1.5M in total assets as of 2024.
How large is East Tennessee Cardiovascular?
As of 2024, East Tennessee Cardiovascular holds $1.5M in total assets with $133K in annual revenue. It awarded 7 grants totaling $80K in 2024.
Where does East Tennessee Cardiovascular operate?
East Tennessee Cardiovascular has awarded grants in Tennessee, Texas.
What size grants does East Tennessee Cardiovascular award?
In 2024, East Tennessee Cardiovascular awarded 7 grants totaling $80K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is East Tennessee Cardiovascular required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, East Tennessee Cardiovascular reported a distributable amount of $105K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is East Tennessee Cardiovascular's EIN?
East Tennessee Cardiovascular's EIN (Employer Identification Number) is 20-5911602. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in East Tennessee Cardiovascular's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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