Red Bank & Soddy-Daisy Charitable Foundation Inc
Red Bank & Soddy-Daisy Charitable Foundation Inc is a private foundation, based in Chattanooga, TN. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $767K in total assets. In 2026, it awarded 2 grants totaling $47K. Net investment income was $36K.
Red Bank & Soddy-Daisy Charitable Foundation Inc at a glance
In short: Red Bank & Soddy-Daisy Charitable Foundation Inc gave $47K across 2 grants in 2026 (avg $24K), mostly in Tennessee. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $47,000
- +11.9% vs 2025
- Grants made (2026)
- 2
- +0.0% vs 2025
- Average grant
- $23,500
- +11.9% vs 2025
- Median grant
- $23,500
- Total assets
- $766,706
- -1.6% vs 2025
- Primary geography
- Tennessee (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 2026.
Who Red Bank & Soddy-Daisy Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was City of Red Bank ($24K). Together the top 2 received $47K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
How Red Bank & Soddy-Daisy Charitable Foundation Inc gives
- Giving held roughly steady from 2023 to 2026 (−2%). Method
- In 2026 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $42K (2025) to $48K (2023). In 2026 it made 2 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Red Bank Red Bank, TN | To provide updated amenities at the city of red bank dog park. The improvements include sitting areas, additional equipment within the dog park, and shade structures. | $23,500 |
| City of Soddy-Daisy Soddydaisy, TN | To aid in the construction of a pedestrian bridge across the small creek at the soddy daisy recreation complex. | $23,500 |
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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 | $766,706 | $49,864 | $63,373 | $47,000 | 2 | $49,378 | $35,868 | $50,443 |
| 2025 | $779,044 | $43,070 | $55,900 | $42,000 | 2 | $43,711 | $30,881 | $48,505 |
| 2024 | $790,529 | $67,521 | $58,994 | $45,000 | 1 | $46,986 | $55,513 | $44,718 |
| 2023 | $782,002 | $12,828 | $59,413 | $48,000 | 2 | $49,359 | $16,445 | $44,927 |
| 2022 | $829,937 | $25,613 | $55,570 | $46,000 | 2 | $46,985 | $17,028 | $50,041 |
| 2021 | $858,544 | $53,906 | $61,332 | $45,000 | 2 | — | $39,691 | $47,413 |
Under IRS private-foundation payout rules, Red Bank & Soddy-Daisy Charitable Foundation Inc reported a distributable amount of $50K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Red Bank & Soddy-Daisy Charitable Foundation Inc is led by Patricia S. Baker, Board Member & Chairperson since 2022 (on filings since 2021); none of the 5 officers listed in 2026 report compensation.
Officers on the 2026 filing
Patricia S. Baker
Board Member & Chairperson
Board Member & Vice Chair → Board Member & Chairperson, 2022
On filings since 2021
No compensation reported
Hardie H. Stulce
Board Member & Director
Board Member → Board Member & Director, 2023
On filings since 2021
No compensation reported
John M. Roberts
Board Member & Director
Board Member → Board Member & Director, 2022
On filings since 2021
No compensation reported
Charles Ingle
Board Member & Secretary
Board Member → Board Member & Secretary, 2022
On filings since 2021
No compensation reported
Rebecca F. Browder
Board Member & Vice Chairperson
Board Member & Secretary → Board Member & Vice Chairperson, 2022
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "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 Red Bank & Soddy-Daisy Charitable Foundation Inc
How much does Red Bank & Soddy-Daisy Charitable Foundation Inc give each year?
Red Bank & Soddy-Daisy Charitable Foundation Inc gave $47K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $42K across 2 grants.
How large is Red Bank & Soddy-Daisy Charitable Foundation Inc?
Red Bank & Soddy-Daisy Charitable Foundation Inc reported $767K in total assets on its 2026 IRS Form 990-PF. It paid out $49K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Red Bank & Soddy-Daisy Charitable Foundation Inc operate?
Red Bank & Soddy-Daisy Charitable Foundation Inc has awarded grants in Tennessee.
What is Red Bank & Soddy-Daisy Charitable Foundation Inc's EIN?
Red Bank & Soddy-Daisy Charitable Foundation Inc's EIN (Employer Identification Number) is 62-0959331. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 1, 2026)
- IRS filings on file for fiscal years 2021–2025
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Figures come from Red Bank & Soddy-Daisy Charitable Foundation Inc'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.
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