The 297 Foundation
The 297 Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.6M in total assets. In 2024, it awarded 7 grants totaling $365K. Net investment income was $2.0M.
The 297 Foundation at a glance
In short: The 297 Foundation gave $365K across 7 grants in 2024 (avg $52K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $365,000
- -9.9% vs 2023
- Grants made (2024)
- 7
- +250.0% vs 2023
- Average grant
- $52,143
- -74.3% vs 2023
- Median grant
- $50,000
- Total assets
- $24,586,314
- +9.9% vs 2023
- Primary geography
- Tennessee (68% 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 The 297 Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Donor Advised Charitable Giving ($100K). Together the top 6 received $365K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 12 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The 297 Foundation gives
- Giving grew 112% from 2021 to 2024. Method
- In 2024 it paid out 32% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $135K (2020) to $405K (2023). In 2024 it made 7 grants totaling $365K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Donor Advised Charitable Giving Omaha, NE | Halliday Family Charitable Fund | $100,000 |
| Knowledge Quest Inc Memphis, TN | General & Unrestricted | $100,000 |
| Hutchison School Memphis, TN | General & Unrestricted | $50,000 |
| Memphis University School Memphis, TN | General & Unrestricted | $50,000 |
| Second Presbyterian Church Foundation Inc Memphis, TN | General & Unrestricted | $50,000 |
| International Generosity Foundation Trust Clearwater, FL | Urban Neighbors of Hope NZ Trust | $10,000 |
| International Generosity Foundation Trust Clearwater, FL | Indigenous Leader Programs | $5,000 |
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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 | $24,586,314 | $2,659,579 | $448,666 | $365,000 | 7 | $418,088 | $2,043,887 | $1,303,201 |
| 2023 | $22,375,401 | $15,185,711 | $445,569 | $405,000 | 2 | $414,764 | $188,002 | $461,907 |
| 2022 | $7,635,259 | $1,439,039 | $345,977 | $281,678 | 1 | $318,067 | $379,502 | $365,962 |
| 2021 | $6,542,197 | $1,812,898 | $225,681 | $171,899 | 1 | $202,618 | $156,329 | $313,668 |
| 2020 | $4,954,980 | $1,133,604 | $172,085 | $135,000 | 1 | — | $93,336 | $205,925 |
Under IRS private-foundation payout rules, The 297 Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The 297 Foundation is led by Allen Halliday, Director & President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Allen Halliday
Director & President
On filings since 2020
1 hr/week
No compensation reported
Grace M Halliday
Director, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about The 297 Foundation
How much does The 297 Foundation give each year?
The 297 Foundation gave $365K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $405K across 2 grants.
What is The 297 Foundation's typical grant size?
The 297 Foundation's median grant in 2024 was $50,000, and its average grant was $52,143, across 7 grants on its 2024 IRS Form 990-PF.
Where does The 297 Foundation give grants?
The 297 Foundation gives mostly in Tennessee: 68% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Nebraska (27%). The most frequent recipient cities were Memphis, TN (4 grants) and Clearwater, FL (2 grants).
Does The 297 Foundation give general operating support?
Yes: 57% of The 297 Foundation's 2024 grants with a stated purpose (4 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The 297 Foundation's largest grantees?
The 297 Foundation's largest 2024 grantees include Donor Advised Charitable Giving ($100,000), Knowledge Quest Inc ($100,000) and Hutchison School ($50,000), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is The 297 Foundation?
The 297 Foundation reported $24.6M in total assets on its 2024 IRS Form 990-PF. It paid out $418K in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The 297 Foundation's EIN?
The 297 Foundation's EIN (Employer Identification Number) is 81-4657113. 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 The 297 Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The 297 Foundation's focus areas in our free grants database
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