McConnell Foundation Inc
McConnell Foundation Inc is a private foundation, based in Nashville, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $199K in total assets. In 2025, it awarded 2 grants totaling $20K. Net investment income was $15K.
McConnell Foundation Inc at a glance
In short: McConnell Foundation Inc gave $20K across 2 grants in 2025 (avg $10K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,000
- +62.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $10,000
- +62.0% vs 2024
- Median grant
- $10,000
- Total assets
- $198,851
- -2.9% vs 2024
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who McConnell Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was South Cumberland Community Fund ($15K). Together the top 2 received $20K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How McConnell Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 183% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $12K (2024) to $24K (2022). In 2025 it made 2 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| South Cumberland Community Fund Monteagle, TN | Paul McConnell Music Grant | $15,000 |
| WTCI TV 45 Chattanooga, TN | Classical Music Programming | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $198,851 | $16,738 | $22,651 | $20,000 | 2 | $21,296 | $15,383 | $11,613 |
| 2024 | $204,764 | $14,340 | $23,065 | $12,345 | 2 | $17,801 | $1,582 | $11,451 |
| 2023 | $213,489 | $15,489 | $25,223 | $15,000 | 2 | $20,266 | $10,562 | $11,436 |
| 2022 | $223,223 | $13,278 | $34,237 | $23,500 | 3 | $28,943 | $7,984 | $12,825 |
| 2021 | $244,182 | $24,217 | $32,719 | $22,000 | 2 | $27,155 | $18,653 | $14,535 |
| 2020 | $252,684 | $13,333 | $33,290 | $22,000 | 3 | — | $7,787 | $12,893 |
Under IRS private-foundation payout rules, McConnell Foundation Inc reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McConnell Foundation Inc is led by Lesa Agee, President - Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lesa Agee
President - Director
On filings since 2020
1 hr/week
No compensation reported
Clay S. Agee
V P - Director
On filings since 2020
1 hr/week
No compensation reported
William Henry Agee
Sec-Trea-Dir
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 McConnell Foundation Inc
How much does McConnell Foundation Inc give each year?
McConnell Foundation Inc gave $20K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 2 grants.
How large is McConnell Foundation Inc?
McConnell Foundation Inc reported $199K in total assets on its 2025 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
Where does McConnell Foundation Inc operate?
McConnell Foundation Inc has awarded grants in Alabama, Tennessee.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 2, 2026)
- IRS filings on file for fiscal years 2020–2025
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