TBF2
TBF2 is a private foundation, based in Knoxville, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 2 grants totaling $260K. Net investment income was $932.
TBF2 at a glance
In short: TBF2 gave $260K across 2 grants in 2024 (avg $130K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $260,096
- -30.3% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $130,048
- +4.6% vs 2023
- Median grant
- $130,048
- Total assets
- $23,438
- -77.8% vs 2023
- Primary geography
- Tennessee (96% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who TBF2 funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Blueprint 1543 ($250K). Together the top 2 received $260K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 11 grants of 22 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How TBF2 gives
- Giving fell 66% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2020 to 2024, annual grant giving ranged from $260K (2024) to $774K (2021). In 2024 it made 2 grants totaling $260K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Blueprint 1543 Knoxville, TN | Development | $250,096 |
| Unisbc - Thelogian Edu Initiative Charlotte, NC | Ongoing Support | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $23,438 | $300,932 | $373,040 | $260,096 | 2 | $260,096 | $932 | $3,531 |
| 2023 | $105,703 | $1,414,214 | $1,349,203 | $372,925 | 3 | $372,925 | $1,214 | $7,128 |
| 2022 | $41,219 | $1,371,100 | $1,746,420 | $503,087 | 4 | $503,087 | — | $6,172 |
| 2021 | $416,225 | $2,331,448 | $2,027,940 | $773,664 | 7 | $773,664 | — | $1,563 |
| 2020 | $112,680 | $1,397,002 | $1,412,550 | $501,003 | 6 | — | — | $447 |
Under IRS private-foundation payout rules, TBF2 reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
TBF2 is led by Michael Murray, Board President on every filing since 2022; all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael Murray
Board President
On filings since 2022
1 hr/week
$6K (2023) → $2K (2024)
Julie Bridenbaugh
Director
Executive Administrator → Director, 2022
On filings since 2020
40 hrs/week
$69K (2020) → $85K (2024)
David Baer
Director
On filings since 2022
1 hr/week
$6K (2023) → $2K (2024)
Jeff Schloss
Director
On filings since 2022
1 hr/week
$5K (2023) → $1K (2024)
Former officers (2)
- Former: Carolyn Blankemeyer (2020–2021) — Board Member
- Former: James C. Blankemeyer (2020–2021) — President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $85K, to Julie Bridenbaugh (Director). 4 officers or directors reported compensation on that filing.
Frequently asked questions about TBF2
How much does TBF2 give each year?
TBF2 gave $260K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $373K across 3 grants.
How large is TBF2?
TBF2 reported $23K in total assets on its 2024 IRS Form 990-PF. It paid out $260K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
Where does TBF2 operate?
TBF2 has awarded grants in Illinois, Michigan, North Carolina, New York, Oklahoma, Tennessee.
What is TBF2's EIN?
TBF2's EIN (Employer Identification Number) is 81-1015960. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work TBF2 funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in TBF2's focus areas in our free grants database
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