Ned R Mcwherter Charitable Foundation
Ned R Mcwherter Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 38 grants totaling $279K. Net investment income was $208K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+3.2% YoY
Annual Giving
$279K
+37.2% YoY
Grant Count
38
+35.7% YoY
Avg Grant Size
$7K
+1.1% YoY
Under IRS private-foundation payout rules, Ned R Mcwherter Charitable Foundation reported a distributable amount of $287K for 2024 — the minimum it must pay out in qualifying distributions.
About Ned R Mcwherter Charitable Foundation
Based on IRS filings
Ned R Mcwherter Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 38 grants totaling $279K. Net investment income was $208K.
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 | $2,760,083 | $2,673,360 | $2,637,267 |
| Revenue | $405,994 | $280,560 | $386,164 |
| Expenses | $319,242 | $244,371 | $280,855 |
| Qualifying Distributions | $292,370 | $220,225 | $253,315 |
| Net Investment Income | $207,507 | $105,068 | $169,751 |
| Distributable Amount | $286,723 | $235,859 | $225,614 |
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
128 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Community Foundation West Tennessee ($50,000), Jackson Boys & Girls Club - Endowment Fund ($35,000), The Jackson Symphony - Endowment Fund ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANDREW JACKSON FOUNDATION HERMITAGE, TN | FOR GENERAL PURPOSES | $2,500 |
| ASPELL MANOR JACKSON, TN | FOR GENERAL PURPOSES | $4,000 |
| CITY OF DRESDEN DRESDEN, TN | FOR GENERAL PURPOSES | $1,500 |
| CITY OF JACKSON - THE NED MCWHERTER PERFORMING ARTS CENTER JACKSON, TN | FOR GENERAL PURPOSES | $1,000 |
| CLINTON FOUNDATION LITTLE ROCK, AR | FOR GENERAL PURPOSES | $10,000 |
| CRIME STOPPERS DENMARK, TN | FOR GENERAL PURPOSES | $3,000 |
| DRESDEN FIRST UNITED METHODIST CHURCH DRESDEN, TN | FOR GENERAL PURPOSES | $10,000 |
| DYER COUNTY SCHOOL SYSTEM DYERSBURG, TN | FOR GENERAL PURPOSES | $1,250 |
| FIRST PRESBYTERIAN CHURCH JACKSON, TN | FOR GENERAL PURPOSES | $25,000 |
| GLOBAL CITIZENS ADVENTURE CORPS DRESDEN, TN | FOR GENERAL PURPOSES | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL R MCWHERTER | PRESIDENT | 0.25 | — |
| MADELYN B PRITCHETT | SECRETARY | 0.5 | $12,000 |
| MARY JANE MCWHERTER | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ned R Mcwherter Charitable Foundation?
Ned R Mcwherter Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, TN. It holds $2.8M in total assets as of 2024.
How large is Ned R Mcwherter Charitable Foundation?
As of 2024, Ned R Mcwherter Charitable Foundation holds $2.8M in total assets with $406K in annual revenue. It awarded 38 grants totaling $279K in 2024.
Where does Ned R Mcwherter Charitable Foundation operate?
Ned R Mcwherter Charitable Foundation has awarded grants in Arkansas, Illinois, Mississippi, Tennessee.
What size grants does Ned R Mcwherter Charitable Foundation award?
In 2024, Ned R Mcwherter Charitable Foundation awarded 38 grants totaling $279K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Ned R Mcwherter Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ned R Mcwherter Charitable Foundation reported a distributable amount of $287K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ned R Mcwherter Charitable Foundation's EIN?
Ned R Mcwherter Charitable Foundation's EIN (Employer Identification Number) is 62-1657841. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ned R Mcwherter Charitable Foundation'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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