Frank P Pierce Foundation Inc
Frank P Pierce Foundation Inc is a private foundation based in Chattanooga, Tennessee. Established in 2003, the foundation operates as a 501(c)(3) organization with tax-exempt status since August 2004. The foundation's assets consist solely of various types of stocks and investments, which generate the only revenue received by the organization through dividends, interest, and capital gains from stock trades. The foundation receives no public donations or support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.0M
+3.8% YoY
Annual Giving
$1.0M
-0.5% YoY
Grant Count
20
+33.3% YoY
Avg Grant Size
$52K
-25.4% YoY
Mission & Focus Areas
The Frank P Pierce Foundation provides support for education, religious education, religious and charitable purposes, programs for feeding the needy in the community, and educational and therapeutic services for special needs children.
Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Obesity Prevention
- Heart Disease Research
- Children and Youth Programs
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Georgia, Tennessee, and Texas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $20,957,304
- Total Revenues: $2,197,359
- Total Giving: $1,037,433
- Total Expenses: $1,420,128
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,957,304 | $20,198,613 | $20,166,139 |
| Revenue | $2,197,359 | $1,411,371 | $1,273,277 |
| Expenses | $1,420,128 | $1,366,549 | $1,135,492 |
| Qualifying Distributions | $1,037,433 | $1,042,623 | $750,000 |
| Net Investment Income | $1,814,664 | $1,087,445 | $888,310 |
| Distributable Amount | $1,169,376 | $1,043,481 | $1,033,384 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS S TARVIN | PRESIDENT & DIRECTOR | 12 | $35,400 |
| R WAYNE PETERS | SECRETARY & TREASURER | 2 | — |
Contact Information
Address: 320 McCallie Ave, Chattanooga, TN 37402-2007
Phone: 423-756-5171
EIN: 20-0597131
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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