TBF2

Private foundation · Grantmaker Knoxville, TN EIN: 81-1015960

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.

Key facts about TBF2

In short: TBF2 gave $260K across 2 grants in 2024 (avg $130K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.

EIN
81-1015960
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$260,096
Grants made (2024)
2
Average grant
$130,048
Median grant
$130,048
Total assets
$23,438
Primary geography
Tennessee (96% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$23K

-77.8% YoY

Annual Giving

$260K

-30.3% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$130K

+4.6% YoY

Under IRS private-foundation payout rules, TBF2 reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of all 2 itemized 2024 grant dollars.

Cities

KnoxvilleCharlotteOklahoma CityGrand RapidsWheatonCarol StreamNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K6 grants20207 grants20214 grants20223 grants20232 grants2024

From 2020 to 2024, annual grant giving ranged from $260K (2024) to $774K (2021). In 2024 it made 2 grants totaling $260K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Blueprint 1543: $250KBlueprint 1543$250KUnisbc - Thelogian Edu Initiative: $10KUnisbc - Thelogian EduInitiative$10K

The largest 2024 recipient was Blueprint 1543 ($250K). Together the top 2 received $260K.

Grant Size Distribution

22 grants across all recorded years

11<$50K2$50–100K3$100–250K6$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 22 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Blueprint 1543 Knoxville, TNDevelopment$250,096
Unisbc - Thelogian Edu Initiative Charlotte, NCOngoing Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M20202021202220232024
Metric202420232022
Total Assets$23,438$105,703$41,219
Revenue$300,932$1,414,214$1,371,100
Expenses$373,040$1,349,203$1,746,420
Qualifying Distributions$260,096$372,925$503,087
Net Investment Income$932$1,214—
Distributable Amount$3,531$7,128$6,172

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Julie Bridenbaugh — Director: $85KJulie BridenbaughDirector$85KMichael Murray — Board Presid: $2KMichael MurrayBoard Presid$2KDavid Baer — Director: $2KDavid BaerDirector$2KJeff Schloss — Director: $1KJeff SchlossDirector$1K

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.

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