Frank P Pierce Foundation Inc
Frank P Pierce Foundation Inc is a Form 990-PF (a private foundation) based in Chattanooga, Tennessee. Its 2024 filing reports grants to charitable organizations for purposes including health, tutoring, scholarships, youth programming, and disaster relief.
Frank P Pierce Foundation Inc at a glance
In short: Frank P Pierce Foundation Inc gave $1.0M across 20 grants in 2024 (avg $52K), top state Tennessee. 45% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,037,433
- -0.5% vs 2023
- Grants made (2024)
- 20
- +33.3% vs 2023
- Average grant
- $51,872
- -25.4% vs 2023
- Median grant
- $25,000
- Total assets
- $20,957,304
- +3.8% vs 2023
- New grantees (estimate)
- 45% first-time grantees (9 of 20, 2024; small sample)
- Primary geography
- Tennessee (35% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Frank P Pierce Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 320 Mccallie Avenue, Chattanooga, TN 37402
Phone: (423) 756-5171
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Frank P Pierce Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was American Heart Association ($333K). Together the top 10 received $907K.
Grant Size Distribution
57 grants across all recorded years
The most common grant size was under $50K: 36 grants of 57 (63%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in Tennessee (35%), Texas (32%), Georgia (31%), and North Carolina (2%).
Grant Distribution by State
Share of 2024 grant dollars across all 20 itemized grants.
Cities
Is Frank P Pierce Foundation Inc open to new grantees?
45%
first-time grantees, 2024
In 2024, 9 of 20 grantees (45%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $42K; repeat grants $60K. How we count
Medians: $25K first-time, $25K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−9%). Method
- In 2024 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $750K (2022) to $1.1M (2021). In 2024 it made 20 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Heart Association Dallas, TX | Charitable distribution in support of improving health of North Georgia communities | $333,333 |
| Cherokee Regional Library System Chickamauga, GA | Charitable Distribution for the Tutoring Program | $138,600 |
| Charles H Coolidge Medal of Honor Heritage Center Chattanooga, TN | Charitable Distribution for 2025 Medal of Honor Celebration | $100,000 |
| The Generosity Trust (DBA Name of the Chattanooga Christian Community Fou Chattanooga, TN | Charitable distribution for the pierce foundation fund a donor advised fund | $85,000 |
| University of Tennessee Foundation Inc Knoxville, TN | Charitable distribution for betsy pierce endowed scholarship at utk school of music | $75,000 |
| Lift Youth Center Inc Ringgold, GA | Charitable Distribution for Ringgold Programming Costs | $50,000 |
| University of Chattanooga Foundation Inc Chattanooga, TN | Charitable distribution to be used for the northwest Georgia students scholarship | $50,000 |
| Chattanooga Outreach Inc DBA Union Gospel Mission Chattanooga, TN | Charitable Distribution for 75TH Anniversary Campaign | $25,000 |
| Childrens Advocacy Center of the Lookout Mt Judicial Circuit Fort Oglethorpe, GA | Charitable Distribution for General Programming Needs | $25,000 |
| Community Foundation of Northwest Georgia Inc Dalton, GA | Charitable Distribution for "Save the Dalton Battlefields" Project | $25,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $20,957,304 | $2,197,359 | $1,420,128 | $1,037,433 | 20 | $1,037,433 | $1,814,664 | $1,169,376 |
| 2023 | $20,198,613 | $1,411,371 | $1,366,549 | $1,042,623 | 15 | $1,042,623 | $1,087,445 | $1,043,481 |
| 2022 | $20,166,139 | $1,273,277 | $1,135,492 | $750,000 | 11 | $750,000 | $888,310 | $1,033,384 |
| 2021 | $20,028,354 | $4,029,947 | $1,552,226 | $1,135,000 | 5 | $1,135,000 | $2,224,500 | $1,050,078 |
| 2020 | $17,666,840 | $2,790,659 | $1,281,828 | $871,000 | 6 | — | $2,379,831 | $834,575 |
Under IRS private-foundation payout rules, Frank P Pierce Foundation Inc reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2024 grants show support for organizations working in areas including health, education, youth services, child advocacy, community programs, and disaster relief.
Among its grantees, the American Heart Association describes its mission as promoting longer, healthier lives. The Lift Youth Center says it creates opportunities for young people to be loved, inspired, connected to community, and trusted to make a difference. The Children’s Advocacy Center of the Lookout Mountain Judicial Circuit says it serves survivors of child abuse and their non-offending caregivers and provides awareness and prevention services. The Community Foundation of Northwest Georgia says it serves the region and promotes the well-being of its communities.
Grantmaking
In 2024, the foundation reported 20 grants totaling $1,037,433. Grant amounts ranged from $5,000 to $333,333, with a median of $25,000.
The largest reported grant was $333,333 to the American Heart Association for improving the health of North Georgia communities. Other notable grants included $138,600 to Cherokee Regional Library System for its tutoring program; $100,000 to the Charles H. Coolidge Medal of Honor Heritage Center for its 2025 celebration; and $75,000 to the University of Tennessee Foundation for the Betsy Pierce Endowed Scholarship at the UTK School of Music. The foundation also gave $50,000 each to Lift Youth Center for Ringgold programming costs and the University of Chattanooga Foundation for a Northwest Georgia students scholarship.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Thomas S Tarvin as president and director, and R Wayne Peters as secretary and treasurer.
Frank P Pierce Foundation Inc is led by Thomas S. Tarvin, President & Director on every filing since 2020; 1 of 2 officers listed in 2024 is compensated.
Officers on the 2024 filing
Thomas S. Tarvin
President & Director
On filings since 2020
12 hrs/week
$35K (2020) → $35K (2024)
R. Wayne Peters
Secretary & Treasurer
Secretary, Treasurer & Director → Secretary & Treasurer, 2022
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $35K, to Thomas S Tarvin (President & Director).
Frequently asked questions about Frank P Pierce Foundation Inc
How much does Frank P Pierce Foundation Inc give each year?
Frank P Pierce Foundation Inc gave $1.0M across 20 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.0M across 15 grants.
What is Frank P Pierce Foundation Inc's typical grant size?
Frank P Pierce Foundation Inc's median grant in 2024 was $25,000, and its average grant was $51,872, across 20 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Frank P Pierce Foundation Inc that year got $42K on average.
Where does Frank P Pierce Foundation Inc give grants?
Frank P Pierce Foundation Inc's top state is Tennessee, with 35% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Texas (32%) and Georgia (31%). The most frequent recipient cities were Chattanooga, TN (7 grants), Ringgold, GA (2 grants), Dalton, GA (2 grants) and Lafayette, GA (2 grants).
Does Frank P Pierce Foundation Inc give general operating support?
Yes: 10% of Frank P Pierce Foundation Inc's 2024 grants with a stated purpose (2 of 20) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Frank P Pierce Foundation Inc's largest grantees?
Frank P Pierce Foundation Inc's largest 2024 grantees include American Heart Association ($333,333), Cherokee Regional Library System ($138,600) and Charles H Coolidge Medal of Honor Heritage Center ($100,000), according to its 2024 IRS Form 990-PF. Together they received 55% of its itemized 2024 grant dollars.
How large is Frank P Pierce Foundation Inc?
Frank P Pierce Foundation Inc reported $21.0M in total assets on its 2024 IRS Form 990-PF. It paid out $1.0M in qualifying distributions that year, against a required minimum of $1.2M (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 does Frank P Pierce Foundation Inc fund?
The available information does not state a mission for the foundation. Its 2024 grants show support for organizations working in areas including health, education, youth services, child advocacy, community programs, and disaster relief. See mission & focus areas ↑
How do I apply for a grant from Frank P Pierce Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Frank P Pierce Foundation Inc's EIN?
Frank P Pierce Foundation Inc's EIN (Employer Identification Number) is 20-0597131. IRS Form 990 filing data is available on this page for 2020–2024.
Does Frank P Pierce 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 2020–2024
Live grants for the work Frank P Pierce Foundation Inc funds
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Browse active grant opportunities in Frank P Pierce Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Frank P Pierce Foundation Inc funder profile. GrantGraph. Retrieved October 23, 2026, from https://grantable.co/funders/frank-p-pierce-foundation-inc-morg_49cf1cadb0ce4e088152337b966b497d
BibTeX
@misc{grantable_200597131_2026,
author = {{Grantable}},
title = {{Frank P Pierce Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/frank-p-pierce-foundation-inc-morg_49cf1cadb0ce4e088152337b966b497d},
note = {Accessed 2026-10-23. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Frank P Pierce 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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