Regal Foundation is a corporate foundation established in 2005 and based in Knoxville, Tennessee. The foundation operates as a 501(c)(3) tax-exempt organization with a focus on philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
+8.7% YoY
Annual Giving
$3.0M
+11.4% YoY
Grant Count
343
+20.8% YoY
Avg Grant Size
$9K
-7.8% YoY
Under IRS private-foundation payout rules, Regal Foundation reported a distributable amount of $455K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports food banks and organizations involved with arts and culture, education, health, cancer, multiple sclerosis, diabetes, child welfare, human services, and children. Special emphasis is directed toward programs designed to benefit economically disadvantaged people or persons suffering economic, social, physical, or educational hardship.
The foundation also administers a Grants to Individuals Program providing scholarships to individuals who reside in Tennessee for higher education.
Primary funding focus areas include:
- Education
- Health and medical services
- Youth development and scouting organizations
- Community health
- Leadership development
- Human services
- Arts and culture
Grantmaking
The foundation accepts applications and is open to receiving grant proposals.
Grant Range
$87 to $500,384
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Tennessee, California, and Florida, with particular emphasis on Tennessee-based initiatives.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total assets: $9,993,618
- Total revenues: $3,813,653
- Total expenses: $4,583,480
- Total giving: $3,002,415
2023 Financial Data:
- Total assets: $9,200,000
- Total revenues: $4,200,000
- Total expenses: $2,690,000
- Total giving: $2,630,544
The foundation maintains a giving rate of approximately 28.6% of assets and has demonstrated consistent growth in grantmaking activity year over year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,993,618 | $9,197,284 | $8,426,790 |
| Revenue | $3,813,653 | $4,200,012 | $4,177,990 |
| Expenses | $4,583,480 | $2,688,226 | $1,995,549 |
| Qualifying Distributions | $3,012,683 | $2,732,196 | $1,841,437 |
| Net Investment Income | $248,857 | $133,953 | $29,902 |
| Distributable Amount | $454,708 | $567,531 | $390,351 |
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
194 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Red Cross ($216,122), American Heart Association (knoxville) ($40,000), American Cancer Society Inc (nashville) ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A KID'S PLACE OF TAMPA BAY BRANDON, FL | CHILDREN & FAMILY | $225 |
| ABUSED WOMEN'S AID IN CRISIS INC ANCHORAGE, AK | EDUCATION | $625 |
| AC REYNOLDS HIGH SCHOOL BOOSTERS CLUB ASHEVILLE, NC | CHILDREN & FAMILY | $1,000 |
| ACTION AGAINST HUNGER USA NEW YORK, NY | HEALTH | $112 |
| AINSLEY'S ANGELS OF AMERICA VIRGINIA BEACH, VA | CHILDREN & FAMILY | $3,000 |
| AKIMA CLUB INC KNOXVILLE, TN | CHILDREN & FAMILY | $386 |
| ALACHUA COUNTY HUMANE SOCIETY INC (LOW-INCOME SERVICES) GAINESVILLE, FL | CHILDREN & FAMILY | $100 |
| ALLIANCE FOR INTEGRATED AWARENESS INC MARYVILLE, TN | HEALTH | $3,100 |
| ALOHA HARVEST HONOLULU, HI | HEALTH | $1,337 |
| ALZHEIMERS DISEASE AND RELATED DISORDERS (ORANGE COUNTY) CHICAGO, IL | HEALTH | $190 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Officers:
- Eduardo Acuna, President
- Waverly Maples, Chief Financial Officer
- John Curry, Secretary
- Todd Boruff, Director
- Ben Hill, Director
- Jawed Khan, Director
- Vikki Neil, Director
- Cyndi Rodriguez, Director
- Adam Rymer, Director
All board members serve on a voluntary basis with no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDUARDO ACUNA | PRESIDENT | 1 | — |
| WAVERLY MAPLES | CFO | 1 | — |
| JOHN CURRY | SECRETARY | 1 | — |
| TODD BORUFF | DIRECTOR | 1 | — |
| BEN HILL | DIRECTOR | 1 | — |
| JAWED KHAN | DIRECTOR | 1 | — |
| VIKKI NEIL | DIRECTOR | 1 | — |
| CYNDI RODRIGUEZ | DIRECTOR | 1 | — |
| ADAM RYMER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Regal Foundation fund?
The foundation supports food banks and organizations involved with arts and culture, education, health, cancer, multiple sclerosis, diabetes, child welfare, human services, and children. Special emphasis is directed toward programs designed to benefit economically disadvantaged people or persons suffering economic, social, physical, or educational hardship. The foundation also administers a Grants to Individuals Program providing scholarships to individuals who reside in Tennessee for higher ed…
How do I apply for a grant from Regal Foundation?
**Grant Activity (2024):** • Total annual grants: $3,578,928 • Number of grants: 343 • Median grant amount: $679 • Grant range: $87 to $500,384 **Recent Notable Grants (2024):** • Boys and Girls Clubs of America: $500,000 • St Jude Children's Research Hospital: $363,092 • Gary Sinise Foundation: $349,941 The foundation accepts applications and is open to receiving grant proposals.
Where does Regal Foundation make grants?
The foundation primarily funds organizations in Tennessee, California, and Florida, with particular emphasis on Tennessee-based initiatives.
What size grants does Regal Foundation award?
In 2024, Regal Foundation awarded 343 grants totaling $3.0M — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Regal Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Regal Foundation reported a distributable amount of $455K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Regal Foundation's EIN?
Regal Foundation's EIN (Employer Identification Number) is 13-4249812. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Regal Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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