Garney B Scott Jr Family Foundation Inc

WAVERLY, TN EIN: 62-1841085

Garney B Scott Jr Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAVERLY, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $159K in total assets. In 2024, it awarded 5 grants totaling $49K. Net investment income was $12K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$159K

-7.5% YoY

Annual Giving

$49K

+3.4% YoY

Grant Count

5

-28.6% YoY

Avg Grant Size

$10K

+44.7% YoY

Under IRS private-foundation payout rules, Garney B Scott Jr Family Foundation Inc reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.

About Garney B Scott Jr Family Foundation Inc

Based on IRS filings

Garney B Scott Jr Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAVERLY, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $159K in total assets. In 2024, it awarded 5 grants totaling $49K. Net investment income was $12K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

BooneClintonJacksonKnoxvilleNashvilleWaverly

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$17K$34K$52K$69K20202021202220232024
Metric202420232022
Total Assets$158,834$171,745$163,404
Revenue$37,010$55,664$46,909
Expenses$49,921$47,323$32,206
Qualifying Distributions$48,800$47,200$32,100
Net Investment Income$12,010$10,664$8,818
Distributable Amount$24,591$21,877$22,571

Giving Over Time

Total grant dollars and number of grants per year

$0$16K$31K$47K$63K6 grants20209 grants20215 grants20227 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Covenant Presbyterian Ch…$33KFirst Baptist Church - B…$15KSamaritans Purse$400Nashville Rescue Mission$200Salvation Army$200

Grant Size Distribution

32 grants across all recorded years

32<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Covenant Presbyterian Church ($33,000), First Baptist Church - Bemis ($15,000), Samaritans Purse ($400).

RecipientPurposeAmount
Samaritans Purse Boone, NCTO AID IN RELIGIOUS EDUCATION$400
First Baptist Church - Bemis Jackson, TNTO AID IN HELPING THE HUNGRY, HOMELESS, AND HURTING$15,000
Covenant Presbyterian Church Nashville, TNTO AID IN RELIGIOUS EDUCATION$33,000
Nashville Rescue Mission Nashville, TNTO AID IN HELPING THE HUNGRY, HOMELESS, AND HURTING$200
Salvation Army Nashville, TNTO AID IN HELPING THE HUNGRY, HOMELESS, AND HURTING$200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Garney B Scott Jr Family Foundation Inc?

Garney B Scott Jr Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAVERLY, TN. It holds $159K in total assets as of 2024.

How large is Garney B Scott Jr Family Foundation Inc?

As of 2024, Garney B Scott Jr Family Foundation Inc holds $159K in total assets with $37K in annual revenue. It awarded 5 grants totaling $49K in 2024.

Where does Garney B Scott Jr Family Foundation Inc operate?

Garney B Scott Jr Family Foundation Inc has awarded grants in North Carolina, South Carolina, Tennessee.

What size grants does Garney B Scott Jr Family Foundation Inc award?

In 2024, Garney B Scott Jr Family Foundation Inc awarded 5 grants totaling $49K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Garney B Scott Jr Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Garney B Scott Jr Family Foundation Inc reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Garney B Scott Jr Family Foundation Inc's EIN?

Garney B Scott Jr Family Foundation Inc's EIN (Employer Identification Number) is 62-1841085. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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