Frank P Pierce Foundation Inc

CHATTANOOGA, TN EIN: 20-0597131

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

+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.

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

Mission & Focus Areas

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

Tennessee $3.0M (62%)

Georgia $1.2M (24%)

Texas $667K (14%)

North Carolina $25K (1%)

States

Georgia North Carolina Tennessee Texas

Cities

BooneCedartownChattanoogaChickamaugaChickanaugaDallasDaltonFort OglethorpeKnoxvilleLafayetteRinggoldRock Spring

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include American Heart Association ($333,333), Cherokee Regional Library System ($138,600), Charles H Coolidge Medal of Honor Heritage Center ($100,000).

Recipient	Purpose	Amount
AMERICAN HEART ASSOCIATION DALLAS, TX	CHARITABLE DISTRIBUTION IN SUPPORT OF IMPROVING HEALTH OF NORTH GEORGIA COMMUNITIES	$333,333
CATOOSA COUNTY STOCKING FULL OF LOVE INC RINGGOLD, GA	CHARITABLE DISTRIBUTION FOR ANNUAL EVENT	$5,000
CHARLES H COOLIDGE MEDAL OF HONOR HERITAGE CENTER CHATTANOOGA, TN	CHARITABLE DISTRIBUTION FOR 2025 MEDAL OF HONOR CELEBRATION	$100,000
CHATTANOOGA AREA FOOD BANK CHATTANOOGA, TN	CHARITABLE DISTRIBUTION	$5,000
CHATTANOOGA OUTREACH INC DBA UNION GOSPEL MISSION CHATTANOOGA, TN	CHARITABLE DISTRIBUTION FOR 75TH ANNIVERSARY CAMPAIGN	$25,000
CHEROKEE REGIONAL LIBRARY SYSTEM CHICKAMAUGA, GA	CHARITABLE DISTRIBUTION FOR THE TUTORING PROGRAM	$138,600
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
FRIENDS OF SPECIAL CHILDREN CHATTANOOGA, TN	CHARITABLE DISTRIBUTION, ABC EVENT FOR BENEFIT OF SIGNAL CENTERS, INC.	$10,000
LIFT YOUTH CENTER INC RINGGOLD, GA	CHARITABLE DISTRIBUTION FOR RINGGOLD PROGRAMMING COSTS	$50,000

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Frank P Pierce Foundation Inc fund?

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

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

**Grant Amounts:** Typical awards range from $5,000 to $333,333. **Recent Grant Activity:** The foundation made nine grants in 2024. Notable recent grants include: • American Heart Association: $333,333 (2024) - Charitable distribution in support of improving health of North Georgia communities • Friends of Special Children: $10,000 (2024) - Charitable distribution for ABC event benefiting Signal Centers, Inc. **Total Annual Giving:** $1,037,433 (2024)

Where does Frank P Pierce Foundation Inc make grants?

The foundation primarily funds organizations in Georgia, Tennessee, and Texas.

What size grants does Frank P Pierce Foundation Inc award?

In 2024, Frank P Pierce Foundation Inc awarded 20 grants totaling $1.0M — an average of about $52K per grant, based on its IRS Form 990 filings.

How much is Frank P Pierce Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank P Pierce Foundation Inc reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.