Heart of Rutherford Foundation
Heart of Rutherford Foundation is a private foundation, based in Brentwood, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43.8M in total assets. Net investment income was $2.2M.
Heart of Rutherford Foundation at a glance
- Total assets
- $43,784,686
- +40169336.7% vs 2023
- Revenue (2024)
- $40,851,060
- +177613204.3% vs 2023
- Net investment income (2024)
- $2,171,761
- +9442339.1% vs 2023
- Expenses (2024)
- $613,227
- +19797.0% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Heart of Rutherford Foundation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Heart of Rutherford Foundation gives
- In 2023 it paid out 388% 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 2021 to 2023, annual grant giving ranged from $450 (2023) to $495 (2021). In 2023 it made 1 grant totaling $450.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Rutherford Murfreesboro, TN | Unrestricted Gift | $450 |
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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 | $43,784,686 | $40,851,060 | $613,227 | — | — | — | $2,171,761 | $1,253,414 |
| 2023 | $109 | $23 | $3,082 | $450 | 1 | $450 | $23 | $116 |
| 2022 | $3,868 | $16 | $700 | — | — | — | $16 | $190 |
| 2021 | $3,852 | — | $1,195 | $495 | 1 | $495 | — | $243 |
| 2020 | $5,047 | $4 | — | — | — | — | $4 | $248 |
Under IRS private-foundation payout rules, Heart of Rutherford Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Heart of Rutherford Foundation's 2024 filing lists 4 officers; all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Larry Mullins
Board Member
On filings since 2020
2 hrs/week
$120K (2024)
Hayley Pagett
Board Member
New on the 2024 filing
2 hrs/week
$75K (2024)
Justin Royal
Board Member
New on the 2024 filing
2 hrs/week
$75K (2024)
Laura Williams
Board Member
New on the 2024 filing
2 hrs/week
$75K (2024)
Former officers (1)
- Former: Barry Royal (2020–2023) — Board Member
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $120K, to Larry Mullins (Board Member). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Heart of Rutherford Foundation
How large is Heart of Rutherford Foundation?
Heart of Rutherford Foundation reported $43.8M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $40.9M.
Where does Heart of Rutherford Foundation operate?
Heart of Rutherford Foundation has awarded grants in Tennessee.
How much is Heart of Rutherford Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Heart of Rutherford Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Heart of Rutherford Foundation's EIN?
Heart of Rutherford Foundation's EIN (Employer Identification Number) is 81-2392827. 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
Explore Open Grants
Browse active grant opportunities in Heart of Rutherford Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Heart of Rutherford Foundation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/heart-of-rutherford-foundation-morg_835d419874884de69c36cd6dd6f2c693
BibTeX
@misc{grantable_812392827_2026,
author = {{Grantable}},
title = {{Heart of Rutherford Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/heart-of-rutherford-foundation-morg_835d419874884de69c36cd6dd6f2c693},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Heart of Rutherford Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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