Fleetwood Foundation Inc
Fleetwood Foundation Inc is a private foundation based in Memphis, Tennessee. Its 2023 filing reports grants to charitable organizations, with most grant dollars going to recipients in Tennessee.
Fleetwood Foundation Inc at a glance
In short: Fleetwood Foundation Inc gave $2.8M across 27 grants in 2023 (avg $102K), mostly in Tennessee. 33% of 2023 grantees were new. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $2,752,458
- +3.6% vs 2022
- Grants made (2023)
- 27
- +68.8% vs 2022
- Average grant
- $101,943
- -38.6% vs 2022
- Median grant
- $75,000
- Total assets
- $45,202,614
- +3.3% vs 2022
- New grantees (estimate)
- 33% first-time grantees (6 of 18, 2023; small sample)
- Primary geography
- Tennessee (91% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Fleetwood Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 1 Commerce Sq S Main St, Memphis, TN 38103-5519
Phone: (901) 526-9750
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fleetwood Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
The largest 2023 recipient was Promise Academy ($504K across 9 grants). Together the top 10 received $2.3M.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 31 grants of 74 (42%).
Geographic Focus
Where this funder awards grants
In 2023, 91% of grant dollars went to recipients in Tennessee. The remaining shares went to Ohio (4%), New York (3%), Georgia (1%), and North Carolina (1%).
Grant Distribution by State
Share of 2023 grant dollars across all 27 itemized grants.
Cities
Is Fleetwood Foundation Inc open to new grantees?
33%
first-time grantees, 2023
In 2023, 6 of 18 grantees (33%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $125K; repeat grants $167K. How we count
Medians: $100K first-time, $113K repeat.
- 67% of 2023 grantees were also funded in 2022. Method
- Giving grew 32% from 2020 to 2023. Method
- In 2023 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $2.1M (2020) to $2.8M (2023). In 2023 it made 27 grants totaling $2.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memphis Brooks Museum of Art Inc Memphis, TN | General & Unrestricted | $400,000 |
| Man up Teacher Fellows Inc Cordova, TN | General & Unrestricted | $350,000 |
| Memphis Opportunity Scholarship Tr Inc Memphis, TN | General & Unrestricted | $250,000 |
| New Memphis Institute Memphis, TN | General & Unrestricted | $200,000 |
| Allmemphis Inc Memphis, TN | Work with Believe Academy and Memphis College Preparatory school | $180,000 |
| Promise Academy Memphis, TN | Lavinia Consulting fund for Promise Academy Spring Hill | $160,166 |
| Promise Academy Memphis, TN | Lavinia Consulting fund for Promise Academy Hollywood | $151,082 |
| Slingshot Memphis Inc Memphis, TN | Memworks | $125,000 |
| Tennessee Career Academy Inc Memphis, TN | General & Unrestricted | $125,000 |
| All Flourish Inc Cleveland, OH | Backrs Stipend Fund | $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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $45,202,614 | $5,565,662 | $4,140,648 | $2,752,458 | 27 | $2,954,547 | $1,238,638 | $2,751,941 |
| 2022 | $43,777,600 | $2,090,125 | $3,983,146 | $2,656,830 | 16 | $2,835,572 | $925,406 | $2,770,601 |
| 2021 | $45,966,674 | $8,657,283 | $3,735,973 | $2,478,333 | 16 | $2,669,464 | $5,299,934 | $2,896,399 |
| 2020 | $41,045,364 | $3,756,322 | $3,035,025 | $2,085,798 | 15 | — | $579,009 | $2,662,589 |
Under IRS private-foundation payout rules, Fleetwood Foundation Inc reported a distributable amount of $2.8M for 2023 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2023 grants include support for education, arts, and community-focused organizations. For example, Man Up Teacher Fellows says its mission is to expand access to high-quality male teachers, particularly for students of color in high-poverty communities, and to advance equity in K–12 schools. AllMemphis says it trains teachers and literacy coaches in partner schools and provides in-school mentorship. New Memphis Institute describes its work as developing, activating, and retaining talent to help move Memphis forward.
Grantmaking
In 2023, the foundation reported 27 grants totaling $2,752,458. Grant amounts ranged from $2,000 to $400,000, with a median grant of $75,000. Its largest reported awards included $400,000 to Memphis Brooks Museum of Art, $350,000 to Man Up Teacher Fellows, $250,000 to Memphis Opportunity Scholarship Trust, and $200,000 to New Memphis Institute. Other awards included $180,000 to AllMemphis, two grants to Promise Academy of $160,166 and $151,082, and $125,000 each to Slingshot Memphis and Tennessee Career Academy.
The stated purposes include general and unrestricted support, work with Believe Academy and Memphis College Preparatory School, and consulting funds for two Promise Academy locations. Grantee descriptions indicate support for organizations working in education, teacher development, talent development, and poverty-fighting measurement.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2023 filing lists Thomas A Beazley as Executive Director, Charles C Gerber as Director and Secretary, and Margaret L Gerber as Director and President.
Fleetwood Foundation Inc is led by Thomas A Beazley, Executive Director on every filing since 2020; 1 of 3 officers listed in 2023 is compensated.
Officers on the 2023 filing
Thomas A Beazley
Executive Director
On filings since 2020
40 hrs/week
$129K (2020) → $129K (2023)
Margaret L Gerber
Director & President
On filings since 2020
1 hr/week
No compensation reported
Charles C Gerber
Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $129K, to Thomas A Beazley (Executive Dir).
Frequently asked questions about Fleetwood Foundation Inc
How much does Fleetwood Foundation Inc give each year?
Fleetwood Foundation Inc gave $2.8M across 27 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $2.7M across 16 grants.
What is Fleetwood Foundation Inc's typical grant size?
Fleetwood Foundation Inc's median grant in 2023 was $75,000, and its average grant was $101,943, across 27 grants on its 2023 IRS Form 990-PF. Organizations receiving their first grant from Fleetwood Foundation Inc that year got $125K on average.
Where does Fleetwood Foundation Inc give grants?
Fleetwood Foundation Inc gives mostly in Tennessee: 91% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Memphis, TN (20 grants) and Atlanta, GA (2 grants).
Does Fleetwood Foundation Inc give general operating support?
Yes: 52% of Fleetwood Foundation Inc's 2023 grants with a stated purpose (14 of 27) were for general or operating support, per its 2023 IRS Form 990-PF.
Who are Fleetwood Foundation Inc's largest grantees?
Fleetwood Foundation Inc's largest 2023 grantees include Promise Academy ($504,125 across 9 grants), Memphis Brooks Museum of Art Inc ($400,000) and Man up Teacher Fellows Inc ($350,000), according to its 2023 IRS Form 990-PF. Together they received 46% of its itemized 2023 grant dollars.
How large is Fleetwood Foundation Inc?
Fleetwood Foundation Inc reported $45.2M in total assets on its 2023 IRS Form 990-PF. It paid out $3.0M in qualifying distributions that year, against a required minimum of $2.8M (roughly 5% of its investment assets).
What does Fleetwood Foundation Inc fund?
No mission statement for the foundation is provided. Its 2023 grants include support for education, arts, and community-focused organizations. See mission & focus areas ↑
How do I apply for a grant from Fleetwood Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Fleetwood Foundation Inc's EIN?
Fleetwood Foundation Inc's EIN (Employer Identification Number) is 27-5486698. IRS Form 990 filing data is available on this page for 2020–2023.
Does Fleetwood Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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Figures come from Fleetwood Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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