Hamico Inc

CHATTANOOGA, TN EIN: 62-6040782

Hamico Inc is a private foundation incorporated in 1956 and headquartered in Chattanooga, Tennessee. The organization holds tax-exempt status as a 501(c)(3) entity, with tax-exempt status granted in May 1959. Hamico operates as a company-sponsored foundation providing philanthropic support to nonprofit organizations across multiple sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$49.7M

+1.1% YoY

Annual Giving

$1.8M

-13.2% YoY

Grant Count

+8.5% YoY

Avg Grant Size

$36K

-20.0% YoY

Under IRS private-foundation payout rules, Hamico Inc reported a distributable amount of $2.3M 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

Hamico supports community foundations and festivals, with particular emphasis on organizations involved in:

Arts and culture
Education
Health and mental health
Athletics
Human services

Grantmaking

Ready to take the next step with Hamico Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Hamico's grantmaking is centered in the Chattanooga, Tennessee area and the greater region.

Grant Distribution by State

Tennessee $8.5M (99%)

Georgia $116K (1%)

Texas $3K (0%)

Utah $2K (0%)

States

District of Columbia Georgia South Carolina Tennessee Texas Utah

Cities

AtlantaBrentwoodChattanoogaFlinstoneHixsonKnoxvilleLookout MountainMemphisMount PleasantNashvilleOak RidgeRockfordSalt Lake CitySan AntonioWashington

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year 2024:

Total Assets: $49,653,654
Total Revenue: $4,344,679
Total Expenses: $3,972,978
Net Income: $371,701
Total Liabilities: $5,400

As of Fiscal Year 2023:

Total Assets: $49,100,857
Total Revenue: $4,583,948
Total Expenses: $4,113,348

The foundation maintains substantial financial resources with consistent annual giving capacity exceeding $2 million.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$49,659,054	$49,100,857	$48,828,623
Revenue	$4,344,679	$4,583,948	$1,093,236
Expenses	$3,972,978	$4,113,348	$3,641,907
Qualifying Distributions	$2,343,561	$2,601,042	$2,177,824
Net Investment Income	$2,521,058	$3,019,365	—
Distributable Amount	$2,306,569	$2,361,820	$2,611,371

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

242 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Chi Memorial Foundation ($315,050), Baylor School ($276,760), United Way of Greater Chattanooga ($207,000).

Recipient	Purpose	Amount
AMERICAN CANCER SOCIETY ATLANTA, GA	DONATION	$264
ARTS BUILD CHATTANOOGA, TN	DONATION	$12,500
ASSOCIATION FOR VISUAL ARTS CHATTANOOGA, TN	DONATION	$2,500
AUSTIN HATCHER FOUNDATION CHATTANOOGA, TN	DONATION	$10,000
BAYLOR SCHOOL CHATTANOOGA, TN	DONATION	$276,760
BOYS & GIRLS CLUB OF CHATTANOOGA CHATTANOOGA, TN	DONATION	$80,000
CHAMBLISS CENTER FOR CHILDREN CHATTANOOGA, TN	DONATION	$7,500
CHATTANOOGA AREA FOODBANK CHATTANOOGA, TN	DONATION	$55,000
CHATTANOOGA CHRISTIAN SCHOOL CHATTANOOGA, TN	DONATION	$134,000
CHI MEMORIAL FOUNDATION CHATTANOOGA, TN	DONATION	$315,050

Leadership & Key People

Leadership team and compensation from IRS filings

Key personnel include:

Zan Guerry – Chairman of the Board / President and Director
Alexis G Bogo – President and Executive Director
Robert Bosworth – Secretary
Herbert Barks – Trustee

The foundation operates with a staff of three employees.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ZAN GUERRY	CHAIRMAN OF THE BOARD	40	$240,000
ROBERT E BOSWORTH	VICE PRES/DIR	40	$165,000
ALEXIS G BOGO	PRES/DIR	40	$340,000
JOHN P GUERRY	DIRECTOR	2	$15,000

Frequently Asked Questions

What does Hamico Inc fund?

Hamico supports community foundations and festivals, with particular emphasis on organizations involved in: • Arts and culture • Education • Health and mental health • Athletics • Human services

How do I apply for a grant from Hamico Inc?

Hamico is an active grantmaker with a demonstrated commitment to local philanthropy. In 2023, the foundation made 56 grants totaling approximately $1.6 million in direct grants. Notable recent grants include: • Community Foundation of Greater Chattanooga: $556,000 • Baylor School: $263,459 • United Way of Greater Chattanooga: $203,000 The foundation's total giving in 2023 was $2,110,024, with annual expenses of approximately $4.1 million.

Where does Hamico Inc make grants?

Hamico's grantmaking is centered in the Chattanooga, Tennessee area and the greater region.

What size grants does Hamico Inc award?

In 2024, Hamico Inc awarded 51 grants totaling $1.8M — an average of about $36K per grant, based on its IRS Form 990 filings.

How much is Hamico Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hamico Inc reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.