Stowers Machinery Foundation Inc. is a private foundation based in Knoxville, Tennessee. The foundation was established in 2020 and operates as a 501(c)(3) tax-exempt organization. It is supported by Harry W. Stowers, Jr., who serves as President of the foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$807K
+115.6% YoY
Annual Giving
$1.6M
-28.9% YoY
Grant Count
148
-29.2% YoY
Avg Grant Size
$11K
+0.4% YoY
Under IRS private-foundation payout rules, Stowers Machinery Foundation Inc reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Tennessee, Georgia, and Kentucky, with a notable concentration in the Knoxville area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $806,606
- Total revenues: $2,372,312
- Total expenses: $1,593,731
- Total grants, contributions, etc.: $2,013,553
As of December 2023:
- Total grants, contributions, etc.: $2,155,325
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $806,606 | $374,090 | $422,228 |
| Revenue | $2,372,312 | $2,682,835 | $1,311,468 |
| Expenses | $1,593,731 | $2,232,677 | $969,361 |
| Qualifying Distributions | $1,573,349 | $2,212,344 | $955,561 |
| Net Investment Income | $358,759 | $527,510 | $314,687 |
| Distributable Amount | $26,809 | $27,262 | $5,508 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Air Force Academy Foundation (usafa) ($300,000), East Tenn Childrens Hospital ($100,000), Boys and Girls Club ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFA HOLLOWAY CHAPTER #367 KNOXVILLE, TN | 2024 - ANNUAL GOLF TOURNAMENT BRIG GEN BUD | $500 |
| AIR FORCE ACADEMY FOUNDATION (USAFA) USAFA, CO | 2024 - DIRECTOR PLEDGE | $25,000 |
| AIR FORCE ACADEMY FOUNDATION (USAFA) USAFA, CO | 2024 - DONATION | $300,000 |
| AIR FORCE MUSEUM FOUNDATION WPAFB, OH | 2024 - DIRECTOR PLEDGE | $25,000 |
| AIRCRAFT OWNER & PILOT FOUNDATION (AOPA) FREDERICK, MD | 2024 - ANNUAL DONATION | $10,000 |
| ALZHEIMERS TN KNOXVILLE, TN | 2024 - MAJOR PLUS SPONSOR | $2,500 |
| AMERICAN HEART ASSOCIATION KNOXVILLE, TN | 2024 - KNOXVILLE GO RED FOR WOMEN LUNCHEON | $5,000 |
| AMERICAN LEGION POST 2 KNOXVILLE, TN | 2024 - ANNUAL GOLF TOURNAMENT - EMPLOYEE ASK - JOSH PLANE | $300 |
| BOYS & GIRLS CLUB OF THE SMOKY MTNS SEVIERVILLE, TN | 2024 - PLAY FORE THE KIDS GOLF TOURNAMENT SILVER SPONSORSHIP | $500 |
| BOYS AND GIRLS CLUB KNOXVILLE, TN | 2024 - DONATION FOR KIDS PRIME, GIFT OF HOPE, AND GKSHOF | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Harry W. Stowers Jr. – President (2 hours/week, no compensation)
- Elizabeth Shallow Stowers – Secretary (0.25 hours/week, no compensation)
- Lisa Stowers Rottmann – Board Member (0.5 hours/week, no compensation)
- Rachel Stowers Kinney – Board Member (0.25 hours/week, no compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HARRY W STOWERS JR | PRESIDENT | 2 | — |
| ELIZABETH SHALLOW STOWERS | SECRETARY | 0.25 | — |
| LISA STOWERS ROTTMANN | BOARD MEMBER | 0.5 | — |
| RACHEL STOWERS KINNEY | BOARD MEMBER | 0.25 | — |
Recent News & Activity
Recent developments and announcements
In 2024, the Stowers Machinery Foundation donated $100,000 to support Roane State Community College's new Knox Regional Health Science Education Center in West Knoxville. The 130,000-square-foot facility, located at 9575 Sherrill Boulevard across from Parkwest Medical Center, was under construction with an expected opening in fall 2025. The center will house health science programs from both Roane State and the Tennessee College of Applied Technology (TCAT) Knoxville, and is projected to educate more than 8,000 students annually. Programs offered will include nursing, EMS, polysomnography, respiratory therapy, and planned additions of cardiovascular technology, healthcare administration, and public health.
Stowers Machinery Foundation donates $100,000 to support Roane State\u2019\Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Stowers Machinery Foundation Inc fund?
The foundation's grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Stowers Machinery Foundation Inc?
**Grant Activity:** • Total giving in 2024: $1,573,349 • Total distributions in 2024: $1.6 million • Number of grants made: 148 grants in 2024 • Median grant amount: $2,500 • Maximum grant amount: $300,000 • Typical award range: $100–$500,000 **Recent Grants (2024):** • East Tennessee Children's Hospital: $100,000 (Annual Donation) • The University of Tennessee Foundation: $100,000 (Multi Year Pledge for Clarence Brown Theater Carousel Capital Campaign) • The University of Tennessee Foundation:…
Where does Stowers Machinery Foundation Inc make grants?
The foundation primarily funds organizations in Tennessee, Georgia, and Kentucky, with a notable concentration in the Knoxville area.
What size grants does Stowers Machinery Foundation Inc award?
In 2024, Stowers Machinery Foundation Inc awarded 148 grants totaling $1.6M — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Stowers Machinery Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stowers Machinery Foundation Inc reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stowers Machinery Foundation Inc's EIN?
Stowers Machinery Foundation Inc's EIN (Employer Identification Number) is 82-5114045. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Stowers Machinery Foundation Inc'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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