Memorial Foundation Inc is a private foundation established in April 1994 in Madison, Tennessee. The foundation was created with an endowment fund generated from the sale of the assets of Nashville Memorial Hospital. Members of the hospital's Board of Directors became the foundation's initial Board of Trustees. The foundation is classified as a 501(c)(3) organization and has been tax-exempt since December 1983.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$135.1M
-1.0% YoY
Annual Giving
$4.4M
-17.9% YoY
Grant Count
182
-6.2% YoY
Avg Grant Size
$24K
-12.5% YoY
Under IRS private-foundation payout rules, Memorial Foundation Inc reported a distributable amount of $6.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Memorial Foundation's mission is to improve the quality of life for people through support to nonprofit organizations. The foundation partners with nonprofits to help create a community where all people are healthy, whole, and safe.
The foundation responds to diverse community needs and assists agencies focusing on:
- Access to Quality Health Care Services
- Human & Social Services
- Education
- Senior Citizen Enrichment Services
- Youth and Childhood Development
- Substance Abuse Programs
- Community Services
The foundation also strives to respond to immediate, critical needs that arise in the community, providing emergency assistance to organizations such as The Salvation Army, The American Red Cross, Second Harvest Food Bank, and YWCA.
Grantmaking
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Geographic Focus
Where this funder awards grants
Memorial Foundation partners with nonprofit organizations serving residents of Davidson, Sumner, and Robertson counties in Tennessee. The foundation's grantmaking focuses primarily on Tennessee, with some activity in Texas and Georgia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $135,065,021
- Total Revenue: $5,276,337
- Total Expenses: $6,348,865
- Net Income: -$1,072,528
- Total Liabilities: $755,000
As of December 2023:
- Total Assets: $136,429,313
- Total Revenue: $7,865,401
- Total Expenses: $7,278,328
Staff: The foundation employs 5 people.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $135,065,021 | $136,429,313 | $128,755,477 |
| Revenue | $5,276,337 | $7,865,401 | $10,339,105 |
| Expenses | $6,348,865 | $7,278,328 | $8,664,985 |
| Qualifying Distributions | $5,621,393 | $6,569,639 | $7,383,024 |
| Net Investment Income | $5,272,433 | $7,440,857 | $9,293,708 |
| Distributable Amount | $6,545,619 | $6,348,121 | $6,375,604 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Memorial Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Agape ($75,000), Community Care Fellowship ($50,000), Boys & Girls Clubs of Middle Tennessee ($45,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 100 BLACK MEN OF MIDDLE TENNESSEE NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $40,000 |
| A SOLDIER'S CHILD SMYRNA, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $2,500 |
| A STEP AHEAD FOUNDATION OF MIDDLE TENNESSEE NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $12,500 |
| ABLE YOUTH FRANKLIN, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $8,000 |
| ACHILLES INTERNATIONAL-NASHVILLE CHAPTER NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $4,000 |
| ADVENTURE SCIENCE CENTER NASHVILLE NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $12,000 |
| ADVOCATES FOR WOMEN'S & KIDS' EQUALITY (AWAKE) INC NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $2,500 |
| AGAPE NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $75,000 |
| AGEWELL MIDDLE TENNESSEE NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $17,500 |
| ANCORA TN NASHVILLE, TN | TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $40,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Board Chair: David McKee, M.D.
- Vice Chair: Varina Buntin
- Secretary: Alfonzo Alexander
- President: Scott S. Perry
The Board of Trustees serves on a volunteer basis.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT S PERRY | PRESIDENT | 40 | $320,282 |
| JACKSON ROUTH | VICE PRES, PROGRAMS AND GRANTS | 40 | $199,406 |
| DAVID E MCKEE | CHAIR | 0.1 | — |
| VARINA F BUNTIN | VICE CHAIR | 0.1 | — |
| ALFONZO ALEXANDER | SECRETARY | 0.1 | — |
| FRANK E GORDON | DIRECTOR | 0.1 | — |
| FRANK GRACE JR | DIRECTOR | 0.1 | — |
| SHANNA L JACKSON | DIRECTOR | 0.1 | — |
| BETH LITTLE | DIRECTOR | 0.1 | — |
| KIM CRANE MALLORY | DIRECTOR | 0.1 | — |
| MELVIN J MALONE | DIRECTOR | 0.1 | — |
| WILL MORROW | DIRECTOR | 0.1 | — |
| GEORGE C PAINE II | DIRECTOR | 0.1 | — |
| J EDWARD PEARSON JR | DIRECTOR | 0.1 | — |
| EDDIE PHILLIPS | DIRECTOR | 0.1 | — |
| EMILY PRUETT | DIRECTOR | 0.1 | — |
| GINI PUPO-WALKER | DIRECTOR | 0.1 | — |
| V SEENU REDDY | DIRECTOR | 0.1 | — |
| BARBARA SPRINGER | DIRECTOR | 0.1 | — |
| I MICHELE WILLIAMS | DIRECTOR | 0.1 | — |
| FLEMING WILT | DIRECTOR | 0.1 | — |
| FRANK M BUMSTEAD | TRUSTEE EMERITUS | 0.1 | — |
| DREW R MADDUX SR | TRUSTEE EMERITUS | 0.1 | — |
| JO SANDERS | TRUSTEE EMERITUS | 0.1 | — |
Contact Information
Memorial Foundation, Inc. 855 Skyline Ridge Drive Madison, TN 37115 Phone: 615-822-9499 Website: www.memfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Memorial Foundation Inc fund?
Memorial Foundation's mission is to improve the quality of life for people through support to nonprofit organizations. The foundation partners with nonprofits to help create a community where all people are healthy, whole, and safe. The foundation responds to diverse community needs and assists agencies focusing on: • Access to Quality Health Care Services • Human & Social Services • Education • Senior Citizen Enrichment Services • Youth and Childhood Development • Substance Abuse Programs • Co…
How do I apply for a grant from Memorial Foundation Inc?
**Grant Amounts:** Typical awards range from $2,000 to $624,324. **Recent Grant Activity:** In 2023, the foundation made grants totaling $4,151,520 across 151 grants. Notable recent grants include: • Operation Stand Down Tennessee: $100,000 • YWCA Nashville and Middle Tennessee: $100,000 • Siloam Health: $95,000 **Grant Process:** The Board of Trustees serves as volunteers, regularly meeting to review grant applications and make decisions on the allocation of foundation funds.
Where does Memorial Foundation Inc make grants?
Memorial Foundation partners with nonprofit organizations serving residents of Davidson, Sumner, and Robertson counties in Tennessee. The foundation's grantmaking focuses primarily on Tennessee, with some activity in Texas and Georgia.
What size grants does Memorial Foundation Inc award?
In 2024, Memorial Foundation Inc awarded 182 grants totaling $4.4M — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is Memorial Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Memorial Foundation Inc reported a distributable amount of $6.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Memorial Foundation Inc's EIN?
Memorial Foundation Inc's EIN (Employer Identification Number) is 62-1202302. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Memorial Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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