Pellett Foundation
Pellett Foundation is a private foundation focused on Human services, based in Knoxville, TN. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $309K in total assets. In 2026, it awarded 5 grants totaling $37K. Net investment income was $12K.
Pellett Foundation at a glance
In short: Pellett Foundation gave $37K across 5 grants in 2026 (avg $7K), mostly in South Carolina. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $36,500
- -15.1% vs 2025
- Grants made (2026)
- 5
- -37.5% vs 2025
- Average grant
- $7,300
- +35.8% vs 2025
- Median grant
- $3,000
- Total assets
- $309,362
- +2.4% vs 2025
- Primary geography
- South Carolina (67% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Pellett Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2026
The largest 2026 recipient was Fork Shoals Historical Society ($23K). Together the top 5 received $37K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
Cities
How Pellett Foundation gives
- Giving grew 128% from 2023 to 2026. Method
- In 2026 it paid out 249% 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 2021 to 2026, annual grant giving ranged from $2K (2021) to $57K (2024). In 2026 it made 5 grants totaling $37K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fork Shoals Historical Society Pelzer, SC | Charitable | $23,000 |
| Tunnels to Towers Staten Island, NY | Charitable | $6,000 |
| Mountain Alliance Boone, NC | Charitable | $3,000 |
| Change Choices Charlotte, NC | Charitable | $3,000 |
| Columbia Green Columbia, SC | Charitable | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $309,362 | $17,275 | $41,928 | $36,500 | 5 | $36,500 | $11,847 | $14,678 |
| 2025 | $302,051 | $27,876 | $47,470 | $43,000 | 8 | $43,000 | $23,406 | $13,368 |
| 2024 | $253,988 | $25,568 | $61,972 | $57,000 | 6 | $57,000 | $20,596 | $14,478 |
| 2023 | $290,392 | $42,561 | $20,599 | $16,000 | 3 | $16,000 | $37,962 | $15,144 |
| 2022 | $268,430 | $20,330 | $3,080 | — | — | — | $17,250 | $16,862 |
| 2021 | $251,168 | $1,324 | $3,736 | $2,000 | 1 | — | $3,494 | $14,453 |
| 2020 | $255,504 | $16,414 | $2,109 | — | — | — | $14,305 | $13,956 |
Under IRS private-foundation payout rules, Pellett Foundation reported a distributable amount of $15K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Pellett Foundation is led by N Tracy Pellett, Chairman since 2025 (on filings since 2020) — the only officer listed, and uncompensated.
Officers on the 2026 filing
N Tracy Pellett
Chairman
Director → Chairman, 2025
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2026. "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 Pellett Foundation
How much does Pellett Foundation give each year?
Pellett Foundation gave $37K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $43K across 8 grants.
What is Pellett Foundation's typical grant size?
Pellett Foundation's median grant in 2026 was $3,000, and its average grant was $7,300, across 5 grants on its 2026 IRS Form 990-PF.
Where does Pellett Foundation give grants?
Pellett Foundation gives mostly in South Carolina: 67% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest states were New York (16%) and North Carolina (16%).
Does Pellett Foundation give general operating support?
Not in 2026: none of the 5 grants with a stated purpose on Pellett Foundation's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
Who are Pellett Foundation's largest grantees?
Pellett Foundation's largest 2026 grantees include Fork Shoals Historical Society ($23,000), Tunnels to Towers ($6,000) and Mountain Alliance ($3,000), according to its 2026 IRS Form 990-PF. Together they received 88% of its itemized 2026 grant dollars.
How large is Pellett Foundation?
Pellett Foundation reported $309K in total assets on its 2026 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is Pellett Foundation?
Pellett Foundation is a private foundation focused on Human services, based in Knoxville, TN. It holds $309K in total assets as of 2026.
What is Pellett Foundation's EIN?
Pellett Foundation's EIN (Employer Identification Number) is 23-7011052. IRS Form 990 filing data is available on this page for 2020–2026.
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 2025 (received by the IRS July 10, 2025)
- Updated Form 990-PF for fiscal year 2026 (received by the IRS May 26, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 11, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 5, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 20, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 17, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 11, 2024)
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