Mario C & Grace B Charles Education Foundation Inc
Mario C & Grace B Charles Education Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
$449K
+12.7% YoY
Annual Giving
$17K
+29.8% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$3K
+29.8% YoY
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.
About Mario C & Grace B Charles Education Foundation Inc
Based on IRS filings
Mario C & Grace B Charles Education Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | $448,767 | $398,310 |
| Revenue | $7,725 | $12,738 |
| Expenses | $23,449 | $14,823 |
| Qualifying Distributions | — | — |
| Net Investment Income | $78,974 | $12,738 |
| Distributable Amount | $20,594 | $20,999 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2021
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include University of Tennessee at Chattano ($8,875), Chattanooga Community Kitchen ($2,000), Ronald McDonald House ($2,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Todd Dockery | President | 1 | — |
| Robert Moss | Vice President | 1 | — |
| John Buhrman | Secretary/Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mario C & Grace B Charles Education Foundation Inc?
Mario C & Grace B Charles Education Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in CHATTANOOGA, TN. It holds $449K in total assets as of 2021.
How large is Mario C & Grace B Charles Education Foundation Inc?
As of 2021, Mario C & Grace B Charles Education Foundation Inc holds $449K in total assets with $8K in annual revenue. It awarded 5 grants totaling $17K in 2021.
Where does Mario C & Grace B Charles Education Foundation Inc operate?
Mario C & Grace B Charles Education Foundation Inc has awarded grants in Tennessee.
What size grants does Mario C & Grace B Charles Education Foundation Inc award?
In 2021, Mario C & Grace B Charles Education Foundation Inc awarded 5 grants totaling $17K — an average of about $3K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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