Godsey Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$682K
-19.4% YoY
Annual Giving
$271K
+140.9% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$39K
+106.5% YoY
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.
About Godsey Foundation Inc
Based on IRS filings
Godsey Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $681,787 | $845,766 | $926,137 |
| Revenue | $116,700 | $45,411 | $69,482 |
| Expenses | $280,679 | $125,782 | $145,371 |
| Qualifying Distributions | $271,000 | $112,500 | $131,000 |
| Net Investment Income | $104,541 | $29,789 | $52,911 |
| Distributable Amount | $42,245 | $47,107 | $54,742 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chi Memorial Healthcare Foundation ($140,000), First Presbyterian Church ($60,000), Chattanooga Area Food Bank ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHATTANOOGA AREA FOOD BANK CHATTANOOGA, TN | GENERAL UNRESTRICTED | $30,000 |
| CHI MEMORIAL HEALTHCARE FOUNDATION CHATTANOOGA, TN | GENERAL UNRESTRICTED | $140,000 |
| SWANNANOA FIRST BAPTIST CHURCH SWANNANOA, NC | GENERAL UNRESTRICTED | $6,000 |
| FIRST PRESBYTERIAN CHURCH CHATTANOOGA, TN | GENERAL UNRESTRICTED | $60,000 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD W GODSEY | PRESIDENT | — | — |
| JOYCE GODSEY | TREASURER | — | — |
| D MITCHELL HENDERSON | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Godsey Foundation Inc?
Godsey Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHATTANOOGA, TN. It holds $682K in total assets as of 2024.
How large is Godsey Foundation Inc?
As of 2024, Godsey Foundation Inc holds $682K in total assets with $117K in annual revenue. It awarded 7 grants totaling $271K in 2024.
Where does Godsey Foundation Inc operate?
Godsey Foundation Inc has awarded grants in Georgia, North Carolina, New York, Tennessee, Virginia.
What size grants does Godsey Foundation Inc award?
In 2024, Godsey Foundation Inc awarded 7 grants totaling $271K — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is Godsey Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Godsey Foundation Inc reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Godsey Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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