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.
Key facts about Godsey Foundation Inc
In short: Godsey Foundation Inc gave $271K across 7 grants in 2024 (avg $39K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- EIN
- 26-3915186
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $271,000
- Grants made (2024)
- 7
- Average grant
- $38,714
- Median grant
- $15,000
- Total assets
- $681,787
- Primary geography
- Tennessee (94% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
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.
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.
Ready to take the next step with Godsey Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
Cities
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.
Grant Insights
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%).
Giving History
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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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.
Here's the math on researching Godsey Foundation Inc by hand.
Explore Open Grants
Browse active grant opportunities in Godsey Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Chattanooga Christian Community
Chattanooga, TN
The Generosity Trust supports Christian ministries and other nonprofits, education, community and human services, and ministry students, with a strong focus on the Chattanooga area but grants nationwide. Its 2024 listed grants had a median of $18,250 and ranged from $5,002 to $2.5 million; whether it accepts unsolicited requests is not stated.
Assets
$136.1M
Grants
567
Total Given
$36.4M
Community Foundation
Memphis, TN
The Community Foundation of Greater Memphis supports nonprofits serving West Tennessee, eastern Arkansas, and northern Mississippi across a range of community needs, with grants made mainly through donor-advised funds and several focused programs. Grant sizes vary widely; the 2025 median was $20,200, while its Nonprofit Capacity Building program averages about $15,000 and Community Solutions Grants ranged from $50,000 to $150,000. Some programs accept applications, but the profile does not state whether unsolicited requests are accepted generally.
Assets
$953.1M
Grants
761
Total Given
$134.3M
Community Foundation of Western
Sharon, PA
The Community Foundation of Western PA & Eastern OH supports charitable programs in areas such as health, education, human services, arts, and community development. It serves Mercer and Lawrence counties in Pennsylvania and Trumbull County, Ohio; its 2024 grants had a median of $17,750, with amounts ranging from $5,050 to $609,507. It accepts unsolicited requests through a Letter of Intent, with full applications by invitation.
Assets
$153.0M
Grants
358
Total Given
$11.3M
Robert F Stone Foundation AKA Bobby Stone
Wilmington, DE
The Robert F Stone Foundation supports Tennessee nonprofits in areas including arts, housing, health, food assistance, and services for children and families. Its 2024 grants ranged from $500 to $750,000, with a median of $5,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$19.5M
Grants
120
Total Given
$3.8M
The Community Foundation of Middle
Nashville, TN
The Community Foundation of Middle Tennessee supports nonprofits through community impact and fund-specific grants across a range of charitable areas, primarily serving Middle Tennessee. Its 2024 grants had a median of $8,500, though awards varied widely; it accepts applications for annual Special Interest Grants, but is not opening a new competitive Community Impact cycle for 2026–2027.
Assets
$832.0M
Grants
2,450
Total Given
$107.1M
HCA Healthcare Foundation
Nashville, TN
HCA Healthcare Foundation funds community health and health equity, including primary care, basic needs, education, and the arts; its Middle Tennessee Fund serves nine counties, while other initiatives support communities served by HCA Healthcare. In 2024, grants ranged from $1,000 to $9.65 million, with a median of $5,000. It accepts requests through an Applicant Inquiry Form for new applicants and organizations that have not received funding in 18 months; staff provide next steps after review.
Assets
$192.7M
Grants
999
Total Given
$25.4M
Dollar General Employee Assistance
Goodletsville, TN
The foundation provides emergency financial assistance to active Dollar General employees and their families facing qualifying hardships, such as a home loss, a death, or a serious illness or injury. In 2026, grants ranged from $37 to $6,000, with a median of $2,000; all reported recipients were in Tennessee. It accepts applications from eligible employees, who must submit supporting documentation.
Assets
$5.8M
Grants
957
Total Given
$1.7M
The Community Foundation of Greater Chattanooga Inc
Chattanooga, TN
The foundation supports scholarships and community needs including affordable housing, health and wellness, workforce development, education, culture, and hunger relief, with a focus on Chattanooga and surrounding areas; Fund for Chattanooga grants prioritize organizations serving Hamilton County residents. Its 2024 grants had a median of $10,000, and a separate program offers unrestricted grants of up to $30,000. It does not describe an open unsolicited application process: prospective applicants are asked to discuss a proposal with staff, who may invite them to apply.
Assets
$245.3M
Grants
810
Total Given
$25.8M
Christian Community Foundation
Memphis, TN
The foundation supports a broad range of U.S. charities through donor-advised funds, with a particular focus on Christian ministries and community transformation in Memphis; its Hope for Memphis Fund serves eligible Gospel-centered nonprofits in the Memphis metro area. Its 2025 grants had a median of $22,050, and it accepts applications for the Hope for Memphis Fund during its stated application cycle.
Assets
$229.0M
Grants
636
Total Given
$109.7M
Dollar General Literacy Foundation
Goodlettsville, TN
The Dollar General Literacy Foundation funds direct literacy and education programs for learners of all ages, including adult, family, youth, and summer reading programs, as well as disaster relief for eligible K–12 public school libraries. Its reported median grant was $10,000; most program awards are capped at $3,000–$10,000, and it supports eligible organizations in states where Dollar General operates, generally within 15 miles of a store.
Assets
$84.6M
Grants
564
Total Given
$14.5M
International Paper Company Foundation
Memphis, TN
The foundation funds education, hunger relief, health and wellness, and disaster relief, primarily in communities where International Paper operates and has a significant employee presence. In 2024, grants ranged from $500 to $250,000, with a median of $3,500. It accepts unsolicited requests, except Memphis-area requests are by invitation only.
Assets
$76.4M
Grants
472
Total Given
$3.4M
More Funders in Tennessee
Godsey Foundation Inc down — hundreds of funders to go?