Memphis Atheltic Foundation
To operate auxiliary enterprises which directly benefit the university of memphis, and accept, administer, apply, and use property acquired by gift, grant, devise, bequest, or otherwise solely for the benefit of the university.
Memphis Atheltic Foundation at a glance
In short: Memphis Atheltic Foundation gave $5.4M across 1 grant in 2025 (avg $5.4M), mostly in Tennessee. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $5,358,584
- +102.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $5,358,584
- +102.4% vs 2024
- Median grant
- $5,358,584
- Total assets
- $270,367,473
- +1925.5% vs 2024
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Memphis Atheltic Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The University of Memphis ($5.4M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was $5M or more: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Memphis Atheltic Foundation gives
- Giving fell 44% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $2.6M (2024) to $14.2M (2023). In 2025 it made 1 grant totaling $5.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Memphis Memphis, TN | Administer University Operations and Educational Services | $5,358,584 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $270,367,473 | $257,057,674 | $7,015,829 | $5,358,584 | 1 | $1,133,629 |
| 2024 | $13,348,475 | $4,504,661 | $2,785,115 | $2,647,086 | 1 | $319,034 |
| 2023 | $14,202,118 | $11,399,989 | $14,312,536 | $14,181,795 | 1 | $277,901 |
| 2022 | $18,678,367 | $9,864,492 | $9,585,739 | $9,519,697 | 1 | $58,469 |
| 2021 | $24,476,321 | $9,276,607 | $8,212,053 | — | — | $76,106 |
About Memphis Atheltic Foundation
Based on IRS filings
Memphis Atheltic Foundation is a public charity focused on Education, based in Memphis, TN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $270.4M in total assets. In 2025, it awarded 1 grant totaling $5.4M. Net investment income was $1.1M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Memphis Atheltic Foundation is led by Cooper Jones, CEO on the 2025 filing; 1 of 9 officers listed in 2025 is compensated.
Officers on the 2025 filing
Cooper Jones
CEO
New on the 2025 filing
1 hr/week
No compensation reported
Richard A. Spell
President
Vice President → President, 2022
On filings since 2021
1 hr/week
No compensation reported
Bill Hardgrave
Uofm President
Director → Uofm President, 2024
On filings since 2022
1 hr/week
No compensation reported
John Bobango
Retained Legal Counsel
New on the 2025 filing
2 hrs/week
$3K (2025)
Fred A. Towler
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
John Hartney
Vice President
Director → Vice President, 2022
On filings since 2021
1 hr/week
No compensation reported
Haley Prewett
CFO & Senior Associate Ad
CFO & Asf → CFO & Senior Associate Ad, 2025
On filings since 2024
7.5 hrs/week
No compensation reported
Jeff Crane
Former Executive Director
Executive Director & Asf → Former Executive Director, 2025
On filings since 2024
3.8 hrs/week
No compensation reported
Rene Bustamante
Uofm COO & CFO
U of M COO & CFO → Uofm COO & CFO, 2025
On filings since 2024
2 hrs/week
No compensation reported
Former officers (11)
- Former: Andrew Roberts (2024) — Executive Director & Asf
- Former: Greg DuBois (2024) — Uofm Interim CFO
- Former: Raaj Kurapati (2024) — Uofm CFO
- Former: Rick Spell (2024) — President
- Former: Steve McDaniel (2024) — Retained Legal Counsel
- Former: Holly Ford (2021–2023) — Foundation CEO
- Former: Raajkumar Kurapati (2021–2023) — Treasurer
- Former: Tim Argo (2021–2023) — Director
- Former: Mark Nicell (2023) — Foundation Cbo
- Former: M. David Rudd (2021) — Director
- Former: Thomas G. Kadien (2021) — President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $3K, to John Bobango (Retained Legal Counsel).
Frequently asked questions about Memphis Atheltic Foundation
How much does Memphis Atheltic Foundation give each year?
Memphis Atheltic Foundation gave $5.4M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.6M across 1 grant.
How large is Memphis Atheltic Foundation?
Memphis Atheltic Foundation reported $270.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $257.1M.
What is Memphis Atheltic Foundation?
Memphis Atheltic Foundation is a public charity focused on Education, based in Memphis, TN. It holds $270.4M in total assets as of 2025.
Where does Memphis Atheltic Foundation operate?
Memphis Atheltic Foundation has awarded grants in Tennessee.
What is Memphis Atheltic Foundation's EIN?
Memphis Atheltic Foundation's EIN (Employer Identification Number) is 47-2335297. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 7, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Memphis Atheltic Foundation funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Memphis Atheltic Foundation's focus areas in our free grants database
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Figures come from Memphis Atheltic Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Memphis Atheltic Foundation down — hundreds of funders to go?