Mario C & Grace B Charles Education Foundation Inc
Mario C & Grace B Charles Education Foundation Inc is a private foundation, based in Chattanooga, TN. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $449K in total assets. In 2021, it awarded 5 grants totaling $17K. Net investment income was $79K.
Mario C & Grace B Charles Education Foundation Inc at a glance
In short: Mario C & Grace B Charles Education Foundation Inc gave $17K across 5 grants in 2021 (avg $3K), mostly in Tennessee. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $16,875
- +29.8% vs 2020
- Grants made (2021)
- 5
- +0.0% vs 2020
- Average grant
- $3,375
- +29.8% vs 2020
- Median grant
- $2,000
- Total assets
- $448,767
- +12.7% vs 2020
- Primary geography
- Tennessee (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Mario C & Grace B Charles Education Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2021
The largest 2021 recipient was University of Tennessee at Chattano ($9K). Together the top 5 received $17K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 5 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $13K (2020) to $17K (2021). In 2021 it made 5 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Tennessee at Chattano Chattanooga, TN | Financial Support | $8,875 |
| Chattanooga Community Kitchen Chattanooga, TN | Financial Support | $2,000 |
| Ronald McDonald House Chattanooga, TN | Financial Support | $2,000 |
| Siskins Hospital Chattanooga, TN | Financial Support | $2,000 |
| St Alexis Outreach Ministry Chattanooga, TN | Financial Support | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2021 | $448,767 | $7,725 | $23,449 | $16,875 | 5 | $78,974 | $20,594 |
| 2020 | $398,310 | $12,738 | $14,823 | $13,000 | 5 | $12,738 | $20,999 |
Under IRS private-foundation payout rules, Mario C & Grace B Charles Education Foundation Inc reported a distributable amount of $21K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mario C & Grace B Charles Education Foundation Inc is led by Todd Dockery, President on every filing since 2020; none of the 3 officers listed in 2021 report compensation.
Officers on the 2021 filing
Todd Dockery
President
On filings since 2020
1 hr/week
No compensation reported
John R Buhrman
Secretary & Treasurer
Treasurer → Secretary & Treasurer, 2021
On filings since 2020
1 hr/week
No compensation reported
Robert Moss
Vice President
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Richard W Buhrman (2020) — Secretary
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Mario C & Grace B Charles Education Foundation Inc
How much does Mario C & Grace B Charles Education Foundation Inc give each year?
Mario C & Grace B Charles Education Foundation Inc gave $17K across 5 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $13K across 5 grants.
What is Mario C & Grace B Charles Education Foundation Inc's typical grant size?
Mario C & Grace B Charles Education Foundation Inc's median grant in 2021 was $2,000, and its average grant was $3,375, across 5 grants on its 2021 IRS Form 990-PF.
Where does Mario C & Grace B Charles Education Foundation Inc give grants?
Mario C & Grace B Charles Education Foundation Inc gives mostly in Tennessee: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chattanooga, TN (5 grants).
Does Mario C & Grace B Charles Education Foundation Inc give general operating support?
Not in 2021: none of the 5 grants with a stated purpose on Mario C & Grace B Charles Education Foundation Inc's 2021 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Financial Support" (5 grants).
Who are Mario C & Grace B Charles Education Foundation Inc's largest grantees?
Mario C & Grace B Charles Education Foundation Inc's largest 2021 grantees include University of Tennessee at Chattano ($8,875), Chattanooga Community Kitchen ($2,000) and Ronald McDonald House ($2,000), according to its 2021 IRS Form 990-PF. Together they received 76% of its itemized 2021 grant dollars.
How large is Mario C & Grace B Charles Education Foundation Inc?
Mario C & Grace B Charles Education Foundation Inc reported $449K in total assets on its 2021 IRS Form 990-PF. Its revenue that year was $8K.
How much is Mario C & Grace B Charles Education Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Mario C & Grace B Charles Education Foundation Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mario C & Grace B Charles Education Foundation Inc's EIN?
Mario C & Grace B Charles Education Foundation Inc's EIN (Employer Identification Number) is 62-1762700. IRS Form 990 filing data is available on this page for 2020–2021.
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 2020–2021
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