Red Bank & Soddy-Daisy Charitable

Private foundation · Grantmaker Chattanooga, TN EIN: 62-0959331

Red Bank & Soddy-Daisy Charitable is a private foundation, based in Chattanooga, TN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $779K in total assets. In 2025, it awarded 2 grants totaling $42K. Net investment income was $31K.

Key facts about Red Bank & Soddy-Daisy Charitable

In short: Red Bank & Soddy-Daisy Charitable gave $42K across 2 grants in 2025 (avg $21K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.

EIN
62-0959331
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$42,000
Grants made (2025)
2
Average grant
$21,000
Median grant
$21,000
Total assets
$779,044
Primary geography
Tennessee (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$779K

-1.5% YoY

Annual Giving

$42K

-6.7% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$21K

-53.3% YoY

Under IRS private-foundation payout rules, Red Bank & Soddy-Daisy Charitable reported a distributable amount of $49K for 2025 — the minimum it must pay out in qualifying distributions.

How Red Bank & Soddy-Daisy Charitable gives

  • Giving held roughly steady from 2022 to 2025 (−9%). Method
  • In 2025 it paid out 90% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 2 itemized 2025 grant dollars.

States

Cities

Red BankSoddydaisy

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants20212 grants20222 grants20231 grants20242 grants2025

From 2021 to 2025, annual grant giving ranged from $42K (2025) to $48K (2023). In 2025 it made 2 grants totaling $42K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

City of Red Bank: $21KCity of Red Bank$21KCity of Soddy-Daisy: $21KCity of Soddy-Daisy$21K

The largest 2025 recipient was City of Red Bank ($21K). Together the top 2 received $42K.

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 9 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
City of Red Bank Red Bank, TNTo assist in the installation of a mural project located at kid's corner off redding road (OR) a large-scale mural project located at morrison springs across from food city on a city-owned retaining wall.$21,000
City of Soddy-Daisy Soddydaisy, TNTo Partially Equip Two New Fire Engines$21,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K20212022202320242025
Metric202520242023
Total Assets$779,044$790,529$782,002
Revenue$43,070$67,521$12,828
Expenses$55,900$58,994$59,413
Qualifying Distributions$43,711$46,986$49,359
Net Investment Income$30,881$55,513$16,445
Distributable Amount$48,505$44,718$44,927

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Red Bank & Soddy-Daisy Charitable is led by Patricia S. Baker, Board Member & Chairperson since 2022 (on filings since 2021); none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 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, 2021–2025. "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

How much does Red Bank & Soddy-Daisy Charitable give each year?

Red Bank & Soddy-Daisy Charitable gave $42K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $45K across 1 grant.

How large is Red Bank & Soddy-Daisy Charitable?

Red Bank & Soddy-Daisy Charitable reported $779K in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $49K (roughly 5% of its investment assets).

Where does Red Bank & Soddy-Daisy Charitable operate?

Red Bank & Soddy-Daisy Charitable has awarded grants in Tennessee.

What is Red Bank & Soddy-Daisy Charitable's EIN?

Red Bank & Soddy-Daisy Charitable's EIN (Employer Identification Number) is 62-0959331. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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