Lyndhurst Foundation Inc logo

Lyndhurst Foundation Inc

Foundation · Grantmaker Chattanooga, TN EIN: 62-6044177 Website

Lyndhurst Foundation Inc is based in Chattanooga, Tennessee. It invests in collaborative efforts to improve the well-being and vitality of people, places, and natural systems in the Chattanooga region, with an emphasis on equitable, inclusive, and sustainable outcomes.

Key facts about Lyndhurst Foundation Inc

In short: Lyndhurst Foundation Inc gave $7.0M across 142 grants in 2024 (avg $49K), mostly in Tennessee. 35% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
62-6044177
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$6,974,153
Grants made (2024)
142
Average grant
$49,114
Median grant
$15,500
New grantees (estimate)
35% first-time grantees (40 of 115, 2024)
Total assets
$124,986,009
Primary geography
Tennessee (96% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation does not accept unsolicited requests. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$125.0M

+1.5% YoY

Annual Giving

$7.0M

+70.9% YoY

Grant Count

142

+18.3% YoY

Avg Grant Size

$49K

+44.4% YoY

Under IRS private-foundation payout rules, Lyndhurst Foundation Inc reported a distributable amount of $7.2M for 2024 — the minimum it must pay out in qualifying distributions.

Is Lyndhurst Foundation Inc open to new grantees?

35%

first-time grantees, 2024

In 2024, 40 of 115 grantees (35%) were first-time recipients. First grants averaged $65K; repeat grants $58K. How we count

Medians: $11K first-time, $20K repeat.

  • 49% of 2024 grantees were also funded in 2023. Method
  • Giving held roughly steady from 2021 to 2024 (+4%). Method
  • In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation’s mission is to invest in collaborative endeavors that improve the well-being and vitality of people, places, and natural systems in the Chattanooga region through strategies that support equitable, inclusive, and sustainable outcomes.

Its four priority program areas are Access and Equity; Arts and Culture; Conservation, Parks, and Recreation; and Urban Design and Development. Access and Equity grantmaking concentrates on housing, economic mobility, health, education, and transit, including work to address systemic inequities. Arts and Culture support focuses on collaborative efforts, access to the arts, leadership development and wellness, and cultural awareness. Conservation, Parks, and Recreation includes habitat and biodiversity protection and the creation or expansion of public places.

The foundation supports a range of nonprofit organizations. For example, ArtsBuild describes its work as providing grants and programs for arts organizations, community groups, artists, arts education, and arts leadership to increase access to the arts. Launch Inc says it empowers individuals and impacts communities through entrepreneurship. Metropolitan Ministries describes itself as a community impact hub promoting well-being through wraparound services.

Grantmaking

In filing year 2024, the foundation made 142 grants totaling $6,974,153. Grant amounts ranged from $30 to $750,000, with a median of $15,500.

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Geographic Focus

Where this funder awards grants

The foundation’s stated focal area is a tri-state, sixteen-county region including and surrounding Chattanooga and portions of the Lower Tennessee River and Upper Coosa River watersheds. In 2024, 96% of grant dollars went to recipients in Tennessee, 2% to Georgia, and 1% to Alabama.

Grant Distribution by State

23states

Share of all 142 itemized 2024 grant dollars.

Cities

ChattanoogaAthensNashvilleLookout MountainRossvilleSignal MountainPiedmontAtlantaClevelandBrentwoodSewaneeChapel HillJasperMonteagleNew YorkWashingtonBirminghamCambridgeFort OglethorpeHixson

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5M$5M$7.5M$10M90 grants2020127 grants2021123 grants2022120 grants2023142 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Chatt Design Studio: $877K across 6 grantsChatt Design Studio$877K · 6 grantsCHA Charitable Benefit Corporation: $750KCHA Charitable BenefitCorporation$750KCne: $735K across 3 grantsCne$735K · 3 grantsTrust for Public Land-TN Office: $500K across 5 grantsTrust for Public Land-TNOffice$500K · 5 grantsArtsBuild: $311K across 3 grantsArtsBuild$311K · 3 grantsRiver City Company: $273K across 3 grantsRiver City Company$273K · 3 grantsCity of Chatt-Transportation Dept: $200KCity of Chatt-TransportationDept$200KTivoli Theatre Foundation: $200KTivoli Theatre Foundation$200KPublic Education Fdn: $150KPublic Education Fdn$150KAustin Hatcher Foundation: $128K across 2 grantsAustin Hatcher Foundation$128K · 2 grants

Grant Size Distribution

602 grants across all recorded years

420<$50K93$50–100K62$100–250K20$250–500K7$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CHA Charitable Benefit Corporation Chattanooga, TNWestside Evolves Phase 1 Housing Development$750,000
CNE Chattanooga, TNMissing Middle Housing Expansion in Oak Grove$500,000
Chatt Design Studio Chattanooga, TNMontague Park Planning Process$325,000
Chatt Design Studio Chattanooga, TN2024 City Center Planning Study$250,000
Trust for Public Land-TN Office Chattanooga, TNPurchase of "Vinson" Property and Capitalize RLAF$250,000
Chatt Design Studio Chattanooga, TNStudy - Optimizing Downtown Streets for People$236,500
CNE Chattanooga, TNCreating Healthy Neighborhoods: CNE Homes and Missing Middle Housing$225,000
City of Chatt-Transportation Dept Chattanooga, TNEast 14th St Greenway and Bicycle Boulevard$200,000
River City Company Chattanooga, TNDesign Dev'l Riverfront Park at Ross' Landing$200,000
Tivoli Theatre Foundation Chattanooga, TNGap Funding for Construction - Performing Arts Center$200,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grant sum
2024 $124,986,009 $10,568,585 $8,739,228 $6,974,153
2023 $123,155,746 $2,720,630 $5,670,592 $4,081,093
2022 $126,107,800 $2,407,328 $9,720,183 $8,208,845
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M20202021202220232024
Metric202420232022
Total Assets$124,986,009$123,155,746$126,107,800
Revenue$10,568,585$2,720,630$2,407,328
Expenses$8,739,228$5,670,592$9,720,183
Qualifying Distributions$8,412,672$5,449,490$9,510,140
Net Investment Income$10,199,271$2,703,667$2,421,905
Distributable Amount$7,163,920$8,192,893$7,873,374

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Tom White as chairman of the board and Benic M. Clark III as president and treasurer. Trustees listed on the filing are Dana B. Perry, Andrew Carroll, Melony Collins, Carter Newbold, Aaron Webb, Ann Coulter, Curtis L. Collier, and Rachel Schulson.

The foundation’s website also identifies Macon C. Toledano as secretary and associate director, Kathleen Nolte as program director, and Benic M. Clark III as the staff point person for conservation, parks, and recreation. It identifies Macon C. Toledano as overseeing urban design and development and Kathleen Nolte as leading arts and culture grantmaking.

Lyndhurst Foundation Inc is led by Benic M Clark III, President & Treasurer on every filing since 2020; 6 of 10 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Benic M Clark III

    President & Treasurer

    On filings since 2020

    40 hrs/week

    $284K (2020) → $318K (2024)

  • Tom White

    Chairman of the Board

    Trustee → Chairman of the Board, 2023

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Aaron Webb

    Trustee

    On filings since 2020

    2 hrs/week

    $4K (2020) → $6K (2024)

  • Andrew Carroll

    Trustee

    On filings since 2020

    2 hrs/week

    $4K (2022) → $8K (2024)

  • Ann Coulter

    Trustee

    Trustee → Chairman of the Board, 2022

    Chairman of the Board → Trustee, 2023

    On filings since 2021

    2 hrs/week

    $2K (2022) → $3K (2024)

  • Melony Collins

    Trustee

    On filings since 2021

    2 hrs/week

    $5K (2021) → $4K (2024)

  • Rachel Schulson

    Trustee

    New on the 2024 filing

    2 hrs/week

    $500 (2024)

  • Carter Newbold

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Dana B Perry

    Trustee

    Trustee & Secretary → Trustee, 2024

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Curtis L Collier

    Trustee

    On filings since 2022

    2 hrs/week

    No compensation reported

Former officers (6)
  • Former: James O Kennedy (2020–2021) — Chairman of the Board
  • Former: Kathleen S Hunt MD (2020–2021) — Trustee
  • Former: Margaret W Townsend (2020–2021) — Trustee
  • Former: Katherine N Currin (2020) — Trustee & Secretary
  • Former: Robert C Taylor Jr. (2020) — Trustee
  • Former: Stephen A Culp (2020) — Trustee

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

Benic M Clark III — President and Treasurer: $318KBenic M Clark IIIPresident and Treasurer$318KAndrew Carroll — Trustee: $8KAndrew CarrollTrustee$8KAaron Webb — Trustee: $6KAaron WebbTrustee$6KMelony Collins — Trustee: $4KMelony CollinsTrustee$4KAnn Coulter — Trustee: $3KAnn CoulterTrustee$3KRachel Schulson — trustee: $500Rachel Schulsontrustee$500

Contact

Mailing address: 517 E Fifth Street, Chattanooga, TN 37403
Phone: (423) 756-0767
Website: https://lyndhurstfoundation.org

Frequently asked questions about Lyndhurst Foundation Inc

How much does Lyndhurst Foundation Inc give each year?

Lyndhurst Foundation Inc gave $7.0M across 142 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.1M across 120 grants.

What is Lyndhurst Foundation Inc's typical grant size?

Lyndhurst Foundation Inc's median grant in 2024 was $15,500, and its average grant was $49,114, across 142 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Lyndhurst Foundation Inc that year got $65K on average.

Where does Lyndhurst Foundation Inc give grants?

Lyndhurst Foundation Inc gives mostly in Tennessee: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chattanooga, TN (99 grants), Nashville, TN (4 grants), Lookout Mountain, TN (3 grants) and Athens, GA (3 grants).

Does Lyndhurst Foundation Inc give general operating support?

Yes: 14% of Lyndhurst Foundation Inc's 2024 grants with a stated purpose (20 of 142) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "To match LH Associates contributions" (46 grants) and "LH Associates matching program" (9 grants).

Who are Lyndhurst Foundation Inc's largest grantees?

Lyndhurst Foundation Inc's largest 2024 grantees include Chatt Design Studio ($877,000 across 6 grants), CHA Charitable Benefit Corporation ($750,000) and Cne ($735,000 across 3 grants), according to its 2024 IRS Form 990-PF. Together they received 34% of its itemized 2024 grant dollars.

How large is Lyndhurst Foundation Inc?

Lyndhurst Foundation Inc reported $125.0M in total assets on its 2024 IRS Form 990-PF. It paid out $8.4M in qualifying distributions that year, against a required minimum of $7.2M (roughly 5% of its investment assets).

What does Lyndhurst Foundation Inc fund?

The foundation’s mission is to invest in collaborative endeavors that improve the well-being and vitality of people, places, and natural systems in the Chattanooga region through strategies that support equitable, inclusive, and sustainable outcomes. Its four priority program areas are Access and Equity; Arts and Culture; Conservation, Parks, and Recreation; and Urban Design and Development. Access and Equity grantmaking concentrates on housing, economic mobility, health, education, and transit…

How do I apply for a grant from Lyndhurst Foundation Inc?

The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Lyndhurst Foundation Inc's EIN?

Lyndhurst Foundation Inc's EIN (Employer Identification Number) is 62-6044177. IRS Form 990 filing data is available on this page for 2020–2024.

Does Lyndhurst Foundation Inc accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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