East Tennessee Cardiovascular

Private foundation · Grantmaker Knoxville, TN EIN: 20-5911602

East Tennessee Cardiovascular is a private foundation focused on Medical Research, based in Knoxville, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 8 grants totaling $92K. Net investment income was $126K.

Key facts about East Tennessee Cardiovascular

In short: East Tennessee Cardiovascular gave $92K across 8 grants in 2025 (avg $12K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.

EIN
20-5911602
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$92,000
Grants made (2025)
8
Average grant
$11,500
Median grant
$6,250
Total assets
$1,535,129
Primary geography
Tennessee (65% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.5M

-0.0% YoY

Annual Giving

$92K

+15.4% YoY

Grant Count

8

+14.3% YoY

Avg Grant Size

$12K

+0.9% YoY

Under IRS private-foundation payout rules, East Tennessee Cardiovascular reported a distributable amount of $110K for 2025 — the minimum it must pay out in qualifying distributions.

How East Tennessee Cardiovascular gives

  • Giving held roughly steady from 2022 to 2025 (+1%). Method
  • In 2025 it paid out 96% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 8 itemized grants.

Cities

KnoxvilleLouisvilleDallasFranklinNashvilleRockfordDes MoinesTownsend

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K6 grants2020 7 grants2021 7 grants2022 8 grants2023 7 grants2024 8 grants2025

From 2020 to 2025, annual grant giving ranged from $80K (2024) to $100K (2021). In 2025 it made 8 grants totaling $92K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2025

Chadasha Foundation: $35KChadasha Foundation$35KAmerican Heart Association: $30KAmerican Heart Association$30KKnoxville Youth Athletics: $10KKnoxville Youth Athletics$10KWest Athletic Council: $10KWest Athletic Council$10K1907 Foundation: $3K1907 Foundation$3KAmerican Heart Associatinaha Golf Tour: $2KAmerican Heart AssociatinahaGolf Tour$2KHelen Ross McNabb Foundation: $2KHelen Ross McNabb Foundation$2KTN Golf Foundation: $1KTN Golf Foundation$1K

The largest 2025 recipient was Chadasha Foundation ($35K). Together the top 8 received $92K.

Grant Size Distribution

37 grants across all recorded years

36<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 36 grants of 37 (97%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Chadasha Foundation Louisville, TNSupport Heart Surgery in Jimani for Haitian Children.$35,000
American Heart Association Dallas, TXSupport for Heart Health Across the United States$30,000
Knoxville Youth Athletics Knoxville, TNSupport health and wellness through track and field programs in Knox county middle schools.$10,000
West Athletic Council Knoxville, TNTo Support West High Athletics$10,000
1907 Foundation Knoxville, TNTo support innovative and interdisciplinary neuroscience research for mental health.$2,500
American Heart Associatinaha Golf Tour Des Moines, IATo Support the Mission$2,000
Helen Ross McNabb Foundation Knoxville, TNTo support the mission of mental health care in east Tennessee$1,500
TN Golf Foundation Franklin, TNTo Support the Mission$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,535,129$1,535,618$1,522,687
Revenue$140,718$133,045$47,525
Expenses$141,207$120,114$126,305
Qualifying Distributions$105,480$93,230$93,730
Net Investment Income$126,315$115,569$31,718
Distributable Amount$110,031$104,613$92,866

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 4, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)

Leadership & Key People

Officers and directors from IRS filings

East Tennessee Cardiovascular is led by Malcolm T. Foster III MD, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Malcolm T. Foster III MD

    President

    On filings since 2020

    No compensation reported

  • Clint Doiron MD

    Trustee

    On filings since 2020

    No compensation reported

  • Steve Reed MD

    Trustee

    On filings since 2020

    No compensation reported

  • Barry I. Michelson MD

    Secretary

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 East Tennessee Cardiovascular

How much does East Tennessee Cardiovascular give each year?

East Tennessee Cardiovascular gave $92K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $80K across 7 grants.

What is East Tennessee Cardiovascular's typical grant size?

East Tennessee Cardiovascular's median grant in 2025 was $6,250, and its average grant was $11,500, across 8 grants on its 2025 IRS Form 990-PF.

Where does East Tennessee Cardiovascular give grants?

East Tennessee Cardiovascular gives mostly in Tennessee: 65% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Texas (33%). The most frequent recipient cities were Knoxville, TN (4 grants).

Does East Tennessee Cardiovascular give general operating support?

Not in 2025: none of the 8 grants with a stated purpose on East Tennessee Cardiovascular's 2025 IRS Form 990-PF were described as general or operating support.

Who are East Tennessee Cardiovascular's largest grantees?

East Tennessee Cardiovascular's largest 2025 grantees include Chadasha Foundation ($35,000), American Heart Association ($30,000) and Knoxville Youth Athletics ($10,000), according to its 2025 IRS Form 990-PF. Together they received 82% of its itemized 2025 grant dollars.

How large is East Tennessee Cardiovascular?

East Tennessee Cardiovascular reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $105K in qualifying distributions that year, against a required minimum of $110K (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.

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 2025.

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 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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