Mcconnell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NASHVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 2 grants totaling $12K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$205K
-4.1% YoY
Annual Giving
$12K
-17.7% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$6K
-17.7% YoY
Under IRS private-foundation payout rules, Mcconnell Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Mcconnell Foundation Inc
Based on IRS filings
Mcconnell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NASHVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 2 grants totaling $12K. Net investment income was $2K.
Focus Areas
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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 | $204,764 | $213,489 | $223,223 |
| Revenue | $14,340 | $15,489 | $13,278 |
| Expenses | $23,065 | $25,223 | $34,237 |
| Qualifying Distributions | $17,801 | $20,266 | $28,943 |
| Net Investment Income | $1,582 | $10,562 | $7,984 |
| Distributable Amount | $11,451 | $11,436 | $12,825 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include South Cumberland Community Fund ($7,345), Wtci Tv 45 ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WTCI TV 45 CHATTANOOGA, TN | CLASSICAL MUSIC PROGRAMMING | $5,000 |
| SOUTH CUMBERLAND COMMUNITY FUND MONTEAGLE, TN | PAUL MCCONNELL MUSIC GRANT | $7,345 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LESA AGEE | PRES - DIR | — | — |
| WILLIAM HENRY AGEE | SEC-TREA-DIR | — | — |
| CLAY S AGEE | V P - DIRE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mcconnell Foundation Inc?
Mcconnell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NASHVILLE, TN. It holds $205K in total assets as of 2024.
How large is Mcconnell Foundation Inc?
As of 2024, Mcconnell Foundation Inc holds $205K in total assets with $14K in annual revenue. It awarded 2 grants totaling $12K in 2024.
Where does Mcconnell Foundation Inc operate?
Mcconnell Foundation Inc has awarded grants in Alabama, Tennessee.
What size grants does Mcconnell Foundation Inc award?
In 2024, Mcconnell Foundation Inc awarded 2 grants totaling $12K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Mcconnell Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcconnell Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcconnell Foundation Inc's EIN?
Mcconnell Foundation Inc's EIN (Employer Identification Number) is 13-4230932. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Mcconnell 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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