Godsey Foundation Inc
Godsey Foundation Inc is a private foundation, based in Chattanooga, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $682K in total assets. In 2024, it awarded 7 grants totaling $271K. Net investment income was $105K.
Godsey Foundation Inc at a glance
In short: Godsey Foundation Inc gave $271K across 7 grants in 2024 (avg $39K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $271,000
- +140.9% vs 2023
- Grants made (2024)
- 7
- +16.7% vs 2023
- Average grant
- $38,714
- +106.5% vs 2023
- Median grant
- $15,000
- Total assets
- $681,787
- -19.4% vs 2023
- Primary geography
- Tennessee (94% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Godsey Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Chi Memorial Healthcare Foundation ($140K). Together the top 7 received $271K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 38 grants of 43 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Godsey Foundation Inc gives
- Giving grew 42% from 2021 to 2024. Method
- In 2024 it paid out 641% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $113K (2023) to $271K (2024). In 2024 it made 7 grants totaling $271K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chi Memorial Healthcare Foundation Chattanooga, TN | General Unrestricted | $140,000 |
| First Presbyterian Church Chattanooga, TN | General Unrestricted | $60,000 |
| Chattanooga Area Food Bank Chattanooga, TN | General Unrestricted | $30,000 |
| Graceway Chapel Cleveland, TN | General Unrestricted | $15,000 |
| Tunnels to Towers Foundation Staten Island, NY | General Unrestricted | $10,000 |
| Friends of Special Children Chattanooga, TN | General Unrestricted | $10,000 |
| Swannanoa First Baptist Church Swannanoa, NC | General Unrestricted | $6,000 |
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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 | $681,787 | $116,700 | $280,679 | $271,000 | 7 | $271,000 | $104,541 | $42,245 |
| 2023 | $845,766 | $45,411 | $125,782 | $112,500 | 6 | $112,500 | $29,789 | $47,107 |
| 2022 | $926,137 | $69,482 | $145,371 | $131,000 | 8 | $131,000 | $52,911 | $54,742 |
| 2021 | $1,002,026 | $150,990 | $210,092 | $191,000 | 15 | $191,000 | $129,698 | $62,960 |
| 2020 | $1,061,128 | $104,731 | $165,721 | $150,000 | 7 | — | $87,959 | $64,354 |
Under IRS private-foundation payout rules, Godsey Foundation Inc reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Godsey Foundation Inc is led by Donald W. Godsey, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Donald W. Godsey
President
On filings since 2020
No compensation reported
D. Mitchell Henderson
Secretary
On filings since 2020
No compensation reported
Joyce Godsey
Treasurer
On filings since 2020
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.
Frequently asked questions about Godsey Foundation Inc
How much does Godsey Foundation Inc give each year?
Godsey Foundation Inc gave $271K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $113K across 6 grants.
What is Godsey Foundation Inc's typical grant size?
Godsey Foundation Inc's median grant in 2024 was $15,000, and its average grant was $38,714, across 7 grants on its 2024 IRS Form 990-PF.
Where does Godsey Foundation Inc give grants?
Godsey Foundation Inc gives mostly in Tennessee: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chattanooga, TN (4 grants).
Does Godsey Foundation Inc give general operating support?
Yes: 100% of Godsey Foundation Inc's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Godsey Foundation Inc's largest grantees?
Godsey Foundation Inc's largest 2024 grantees include Chi Memorial Healthcare Foundation ($140,000), First Presbyterian Church ($60,000) and Chattanooga Area Food Bank ($30,000), according to its 2024 IRS Form 990-PF. Together they received 85% of its itemized 2024 grant dollars.
How large is Godsey Foundation Inc?
Godsey Foundation Inc reported $682K in total assets on its 2024 IRS Form 990-PF. It paid out $271K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets).
What is Godsey Foundation Inc's EIN?
Godsey Foundation Inc's EIN (Employer Identification Number) is 26-3915186. 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.
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 Godsey Foundation Inc funds
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