Kennedy Foundation Inc
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
12
-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
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.
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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 | $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
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.
What is Kennedy Foundation Inc's EIN?
Kennedy Foundation Inc's EIN (Employer Identification Number) is 62-1296643. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kennedy 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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