Frank P Pierce Foundation Inc

Private foundation · Grantmaker Chattanooga, TN EIN: 20-0597131

FRANK P PIERCE FOUNDATION INC is based in Chattanooga, Tennessee. Its 2024 filing lists charitable distributions to organizations supporting health, tutoring, scholarships, youth programming, community services, and disaster relief.

Key facts about Frank P Pierce Foundation Inc

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.

EIN
20-0597131
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,037,433
Grants made (2024)
20
Average grant
$51,872
Median grant
$25,000
New grantees (estimate)
45% first-time grantees (9 of 20, 2024)
Total assets
$20,957,304
Primary geography
Tennessee (35% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

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

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.

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. 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.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas including health, education, youth services, community support, and disaster relief. For example, the American Heart Association describes its mission as promoting “longer, healthier lives,” while LIFT YOUTH CENTER says it creates opportunities for young people to find community and make a difference. Samaritan’s Purse describes providing spiritual and physical aid to people affected by circumstances including natural disasters.

Grantmaking

In 2024, the foundation made 20 grants totaling $1,037,433. Grant amounts ranged from $5,000 to $333,333, with a median of $25,000.

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Geographic Focus

Where this funder awards grants

The 2024 grant dollars were distributed among recipients in Tennessee (35%), Texas (32%), Georgia (31%), and North Carolina (2%).

Grant Distribution by State

4states

Share of 2024 grant dollars across all 20 itemized grants.

Cities

ChattanoogaLafayetteRinggoldFort OglethorpeChickamaugaDallasDaltonRock SpringBooneCedartownChickanaugaKnoxville

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M6 grants2020 5 grants2021 11 grants2022 15 grants2023 20 grants2024

From 2020 to 2024, annual grant giving ranged from $750K (2022) to $1.1M (2021). In 2024 it made 20 grants totaling $1.0M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

American Heart Association: $333KAmerican Heart Association$333KCherokee Regional Library System: $139KCherokee Regional LibrarySystem$139KCharles H Coolidge Medal of Honor Heritage Center: $100KCharles H Coolidge Medal ofHonor Heritage Center$100KThe Generosity Trust (DBA Name of the Chattanooga Christian Community Fou: $85KThe Generosity Trust (DBA Nameof the Chattanooga Christian…$85KUniversity of Tennessee Foundation Inc: $75KUniversity of TennesseeFoundation Inc$75KLift Youth Center Inc: $50KLift Youth Center Inc$50KUniversity of Chattanooga Foundation Inc: $50KUniversity of ChattanoogaFoundation Inc$50KChattanooga Outreach Inc DBA Union Gospel Mission: $25KChattanooga Outreach Inc DBAUnion Gospel Mission$25KChildrens Advocacy Center of the Lookout Mt Judicial Circuit: $25KChildrens Advocacy Center ofthe Lookout Mt Judicial…$25KCommunity Foundation of Northwest Georgia Inc: $25KCommunity Foundation ofNorthwest Georgia Inc$25K

The largest 2024 recipient was American Heart Association ($333K). Together the top 10 received $907K.

Grant Size Distribution

57 grants across all recorded years

36<$50K9$50–100K6$100–250K4$250–500K1$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 36 grants of 57 (63%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
American Heart Association Dallas, TXCharitable distribution in support of improving health of North Georgia communities$333,333
Cherokee Regional Library System Chickamauga, GACharitable Distribution for the Tutoring Program$138,600
Charles H Coolidge Medal of Honor Heritage Center Chattanooga, TNCharitable Distribution for 2025 Medal of Honor Celebration$100,000
The Generosity Trust (DBA Name of the Chattanooga Christian Community Fou Chattanooga, TNCharitable distribution for the pierce foundation fund a donor advised fund$85,000
University of Tennessee Foundation Inc Knoxville, TNCharitable distribution for betsy pierce endowed scholarship at utk school of music$75,000
Lift Youth Center Inc Ringgold, GACharitable Distribution for Ringgold Programming Costs$50,000
University of Chattanooga Foundation Inc Chattanooga, TNCharitable distribution to be used for the northwest Georgia students scholarship$50,000
Chattanooga Outreach Inc DBA Union Gospel Mission Chattanooga, TNCharitable Distribution for 75TH Anniversary Campaign$25,000
Childrens Advocacy Center of the Lookout Mt Judicial Circuit Fort Oglethorpe, GACharitable Distribution for General Programming Needs$25,000
Community Foundation of Northwest Georgia Inc Dalton, GACharitable Distribution for "Save the Dalton Battlefields" Project$25,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grant total Grant count
2024 $20,957,304 $2,197,359 $1,420,128 $1,037,433 20
2023 $20,198,613 $1,411,371 $1,366,549 $1,042,623 15
2022 $20,166,139 $1,273,277 $1,135,492 $750,000 11
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Thomas S Tarvin — President & Director: $35KThomas S TarvinPresident & Director$35K

The highest reported compensation on the 2024 filing was $35K, to Thomas S Tarvin (President & Director).

Contact

Mailing address: 320 Mccallie Avenue, Chattanooga, TN 37402
Phone: (423) 756-5171

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?

No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas including health, education, youth services, community support, and disaster relief. See mission & focus areas ↑

How do I apply for a grant from Frank P Pierce Foundation Inc?

Frank P Pierce Foundation Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.

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.

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

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