Kennedy Foundation Inc

CHATTANOOGA, TN EIN: 62-1296643

Arts and culture Museums Education Higher education Philanthropy

Kennedy Foundation Inc is a private foundation focused on Arts and culture, based in CHATTANOOGA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $53.0M in total assets. In 2024, it awarded 12 grants totaling $2.1M. Net investment income was $1.1M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$53.0M

+8.6% YoY

Annual Giving

$2.1M

-86.8% YoY

Grant Count

-7.7% YoY

Avg Grant Size

$173K

-85.7% YoY

Under IRS private-foundation payout rules, Kennedy Foundation Inc reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.

About Kennedy Foundation Inc

Based on IRS filings

Focus Areas

Arts and culture Museums Education Higher education Philanthropy

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $14.8M (69%)

Tennessee $6.6M (31%)

District of Columbia $130K (1%)

Texas $13K (0%)

Iowa $5K (0%)

States

District of Columbia Iowa Pennsylvania Tennessee Texas

Cities

ChattanoogaDallasLancasterSewaneeWalkerWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$53,044,998	$48,830,196	$56,023,937
Revenue	$1,950,215	$4,333,769	$16,674,303
Expenses	$2,421,223	$15,958,756	$386,934
Qualifying Distributions	$2,145,756	$15,726,106	$181,911
Net Investment Income	$1,134,504	$998,731	$1,157,592
Distributable Amount	$2,497,276	$2,180,274	$2,041,178

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

36 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Chattanooga Foundation ($1,600,000), Jp Morgan Charitable Giving Fund National Philanthropic Trust Kennedy F ($128,272), University of Chattanooga Foundation ($100,000).

Recipient	Purpose	Amount
AMERICAN HEART ASSOCIATION INC DALLAS, TX	TO SUPPORT ANNUAL CAMPAIGN	$3,000
FRIENDS OF SPECIAL CHILDREN FOR THE BENEFIT OF SIGNAL CENTERS LLC CHATTANOOGA, TN	TO SUPPORT A PUBLIC CHARITY	$25,000
FRIENDS OF THE NATIONAL WORLD WAR II MEMORIAL WASHINGTON, DC	TO SUPPORT A PUBLIC CHARITY	$50,000
JP MORGAN CHARITABLE GIVING FUND NATIONAL PHILANTHROPIC TRUST KENNEDY F LANCASTER, PA	TO CONTRIBUTE FUNDS TO A NON-PROFIT CHARITY	$128,272
UNITED WAY OF GREATER CHATTANOOGA CHATTANOOGA, TN	TO SUPPORT A PUBLIC CHARITY	$20,000
UNIVERSITY OF CHATTANOOGA FOUNDATION CHATTANOOGA, TN	TO FUND A NEW BUILDING FOR THE NURSING SCHOOL	$1,600,000
UNIVERSITY OF CHATTANOOGA FOUNDATION CHATTANOOGA, TN	TO PROVIDE FUNDING FOR A PROFESSORSHIP	$100,000
UNIVERSITY OF CHATTANOOGA FOUNDATION CHATTANOOGA, TN	TO FUND PORTRAIT FOR NEW NURSING SCHOOL BUILDING	$20,000
CHATTANOOGA AREA FOOD BANK CHATTANOOGA, TN	TO SUPPORT A PUBLIC CHARITY	$10,000
BOYS AND GIRLS CLUBS OF CHATTANOOGA CHATTANOOGA, TN	TO SUPPORT A PUBLIC CHARITY	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES D KENNEDY III	PRESIDENT	2	—
MOLLY K KENNEDY	SECRETARY & TREASURER	1	—
ELIZABETH K SPRATLIN	CHAIRMAN	1	—

Subject Areas

Focus areas based on grantmaking activity

Arts and culture Museums Education Higher education Philanthropy

Frequently Asked Questions

What is Kennedy Foundation Inc?

Kennedy Foundation Inc is a private foundation focused on Arts and culture, based in CHATTANOOGA, TN. It holds $53.0M in total assets as of 2024.

How large is Kennedy Foundation Inc?

As of 2024, Kennedy Foundation Inc holds $53.0M in total assets with $2.0M in annual revenue. It awarded 12 grants totaling $2.1M in 2024.

Where does Kennedy Foundation Inc operate?

Kennedy Foundation Inc has awarded grants in District of Columbia, Iowa, Pennsylvania, Tennessee, Texas.

What size grants does Kennedy Foundation Inc award?

In 2024, Kennedy Foundation Inc awarded 12 grants totaling $2.1M — an average of about $173K per grant, based on its IRS Form 990 filings.

How much is Kennedy Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kennedy Foundation Inc reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.