The Assisi Foundation of Memphis Inc
The Assisi Foundation of Memphis, Inc. is a private foundation based in Memphis, Tennessee. Established from the 1994 sale of St. Francis Hospital, it partners with nonprofit organizations working to improve Memphis and the Mid-South, addressing community challenges and their root causes.
Key facts about The Assisi Foundation of Memphis Inc
In short: The Assisi Foundation of Memphis Inc gave $11.5M across 48 grants in 2024 (avg $239K), mostly in Tennessee. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 62-1558722
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $11,495,773
- Grants made (2024)
- 48
- Average grant
- $239,495
- Median grant
- $84,894
- New grantees (estimate)
- 40% first-time grantees (19 of 47, 2024)
- Total assets
- $233,452,234
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- How to apply
- Review the current grantseeker packet and eligibility guidelines, then submit a complete application through the grants portal. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$233.5M
+4.7% YoY
Annual Giving
$11.5M
+9.5% YoY
Grant Count
48
+11.6% YoY
Avg Grant Size
$239K
-1.9% YoY
Under IRS private-foundation payout rules, The Assisi Foundation of Memphis Inc reported a distributable amount of $11.2M for 2024 — the minimum it must pay out in qualifying distributions.
Is The Assisi Foundation of Memphis Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 19 of 47 grantees (40%) were first-time recipients. First grants averaged $373K; repeat grants $157K. How we count
Medians: $100K first-time, $83K repeat.
- 38% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+5%). Method
- In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The Foundation identifies four areas of focus: Health & Human Services, Education & Lifelong Learning, Social Justice & Ethics, and Cultural Enrichment & the Arts. Its website describes support for initiatives that promote community health and well-being; strengthen educational well-being and nonprofit capacity; advance ethical values and social justice; and foster appreciation of Memphis arts and culture. It also welcomes exploration of ideas aligned with its mission that do not fit neatly into those categories.
Examples of supported organizations illustrate the range of work represented among its grantees. Urban Renaissance Partners describes its mission as facilitating redevelopment, revitalization, economic renewal, and stabilization in low-income neighborhoods. St. Jude Children’s Research Hospital says its mission is to advance cures and prevention for pediatric catastrophic diseases through research and treatment. Youth Villages says it helps children and families live successfully. Alliance Healthcare Services describes providing outpatient counseling, case management, crisis services, and other mental health services. The Hospitality Hub of Memphis says it connects people experiencing homelessness with resources to begin their journey out of homelessness. Shelby Farms Park Conservancy describes managing, operating, restoring, and improving Shelby Farms Park for the public.
Grantmaking
In 2024, the Foundation reported 48 grants totaling $11,495,773. Grant amounts ranged from $2,050 to $2,500,000, with a median of $84,894. Among the largest awards were $2.5 million to the National Civil Rights Museum for its “Become the Dream” capital campaign; $1 million each to Friends for All for a main facility renovation and Urban Renaissance for the South City Early Childhood Education Center; and $750,000 to St. Jude Children’s Research Hospital for cell and gene therapy. Other awards included $500,000 each to Youth Villages, Memphis Rock’n’Soul, LifeDoc Health, Alliance Healthcare Services, and Hospitality Hub of Memphis.
The Foundation says most grants respond to applications, while a percentage are proactive and based on issues identified by its board or staff. Its grantseeker materials describe quarterly application rounds, with arts and culture requests accepted in the first quarter, education-related requests in the second quarter, and digital news requests in the third quarter. The Foundation’s grantseeker page says its packet has been updated for 2027 submissions and advises applicants to review the current guidelines. The 2025 resource packet describes submitting a complete application through the grants portal; eligible, complete applications are processed and an interview is scheduled before board decisions and notification.
How to Apply
Review the current grantseeker packet and eligibility guidelines, then submit a complete application through the grants portal. The Foundation’s 2025 resource packet lists typical quarterly deadlines as mid-November, mid-February, mid-May, and mid-August; these are general timing guidelines, and the Foundation directs applicants to its current application dates for specific deadlines.
Open Grants
1 open opportunity from The Assisi Foundation of Memphis Inc
Ready to take the next step with The Assisi Foundation of Memphis Inc?
Geographic Focus
Where this funder awards grants
The Foundation says it serves primarily the Greater Memphis area and works with nonprofit organizations improving Memphis and the Mid-South. All 2024 grant dollars listed in the filing went to recipients in Tennessee.
Grant Distribution by State
Share of 2024 grant dollars across all 48 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10.5M (2022) to $11.9M (2020). In 2024 it made 48 grants totaling $11.5M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was National Civil Rights Museum ($2.5M). Together the top 10 received $8.2M.
Grant Size Distribution
269 grants across all recorded years
The most common grant size was under $50K: 80 grants of 269 (30%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Civil Rights Museum Memphis, TN | Become the Dream Capital Campaign | $2,500,000 |
| Friends for All Memphis, TN | Main Facility Renovation Project | $1,000,000 |
| Urban Renaissance Memphis, TN | South City Early Childhood Education Center | $1,000,000 |
| St Jude Children's Research Hospita Memphis, TN | Cell + Gene Therapy | $750,000 |
| Youth Villages Memphis, TN | Memphis Allies | $500,000 |
| Memphis Rock'n'soul Inc Memphis, TN | New Building & Relocation Capital Campaign | $500,000 |
| Lifedoc Health Memphis, TN | Catalyzing Change to Transform Memphis Healthcare | $500,000 |
| Alliance Healthercare Services Memphis, TN | Crisis Wellness Center | $500,000 |
| Hospitality Hub of Memphis Memphis, TN | Emergency Shelter Expansion | $500,000 |
| CTC fbo BINGHAMPTON LAND TRUST Memphis, TN | Affordable Housing Seed Funding | $450,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $233,452,234 | $14,099,604 | $13,786,173 | $11,495,773 | 48 |
| 2023 | $222,933,424 | $3,847,596 | $15,632,302 | $10,499,512 | 43 |
| 2022 | $205,049,009 | $18,670,140 | $12,420,647 | $10,496,636 | 44 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $233,452,234 | $222,933,424 | $205,049,009 |
| Revenue | $14,099,604 | $3,847,596 | $18,670,140 |
| Expenses | $13,786,173 | $15,632,302 | $12,420,647 |
| Qualifying Distributions | $12,366,487 | $11,367,805 | $11,799,152 |
| Net Investment Income | $12,909,158 | $3,839,522 | $3,635,659 |
| Distributable Amount | $11,174,412 | $10,474,642 | $10,200,491 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 29, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 10, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 18, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The Foundation’s website identifies Dr. Jan Young as executive director. Its 2024 filing lists the following directors: Jack A. Belz, Thomas C. Farnsworth III, Harry Goldsmith, Nisha Powers, Carol Johnson Dean, Molitor Ford Jr., Marvin Davis, Ronald A. Belz, David Scully, and Martin Regan.
The Assisi Foundation of Memphis Inc is led by Jan Young, Executive Director on every filing since 2020; 1 of 23 officers listed in 2024 is compensated.
Officers on the 2024 filing
Jan Young
Executive Director
On filings since 2020
45 hrs/week
$283K (2020) → $330K (2024)
Peggy Veeser
Chairman
Director → Chairman, 2021
On filings since 2020
1 hr/week
No compensation reported
Barbara Daush
Director
On filings since 2020
1 hr/week
No compensation reported
Beverly Robertson
Director
On filings since 2020
1 hr/week
No compensation reported
Charles D. Schaffler
Director
On filings since 2020
1 hr/week
No compensation reported
Ellen Klyce
Director
On filings since 2020
1 hr/week
No compensation reported
Frank Gusmus
Director
On filings since 2020
1 hr/week
No compensation reported
Jack A. Belz
Director
On filings since 2020
1 hr/week
No compensation reported
Martin F. Thompson
Director
Chairman → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Marvin Davis
Director
On filings since 2020
1 hr/week
No compensation reported
Molitor Ford Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Philip R. Zanone Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Robert Gooch
Director
On filings since 2020
1 hr/week
No compensation reported
Ronald A. Belz
Director
Vice Chairman → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Susan Aguillard
Director
Secretary → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Thomas C. Farnsworth III
Director
On filings since 2020
1 hr/week
No compensation reported
Carol Johnson Dean
Director
On filings since 2021
1 hr/week
No compensation reported
Cato Johnson
Director
On filings since 2021
1 hr/week
No compensation reported
David Scully
Director
On filings since 2022
1 hr/week
No compensation reported
Harry Goldsmith
Director
On filings since 2022
1 hr/week
No compensation reported
Nisha Powers
Director
On filings since 2022
1 hr/week
No compensation reported
Martin Regan
Director
On filings since 2023
1 hr/week
No compensation reported
Willie Gregory
Director
On filings since 2023
1 hr/week
No compensation reported
Former officers (6)
- Former: Nancy Lanigan (2020–2022) — Secretary
- Former: Lee J. Chase III (2020–2021) — Director
- Former: Michael J. Bruns (2020–2021) — Director
- Former: Thomas W. Scherer (2020–2021) — Director
- Former: William E. Frulla (2020–2021) — Director
- Former: C. Thomas Whitman (2020) — Director
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 $330K, to Jan Young (Executive Direc).
Contact
Application contact: The Assisi Foundation Of Memphis In
Mailing address: 515 Erin Drive, Memphis, TN 38117
Phone: (901) 684-1564
Website: https://assisifoundation.org
Frequently asked questions about The Assisi Foundation of Memphis Inc
How much does The Assisi Foundation of Memphis Inc give each year?
The Assisi Foundation of Memphis Inc gave $11.5M across 48 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10.5M across 43 grants.
What is The Assisi Foundation of Memphis Inc's typical grant size?
The Assisi Foundation of Memphis Inc's median grant in 2024 was $84,894, and its average grant was $239,495, across 48 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Assisi Foundation of Memphis Inc that year got $373K on average.
Where does The Assisi Foundation of Memphis Inc give grants?
The Assisi Foundation of Memphis Inc gives mostly in Tennessee: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Memphis, TN (41 grants) and Washington, DC (2 grants).
Does The Assisi Foundation of Memphis Inc give general operating support?
Not in 2024: none of the 48 grants with a stated purpose on The Assisi Foundation of Memphis Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "2025 Dues" (5 grants).
Who are The Assisi Foundation of Memphis Inc's largest grantees?
The Assisi Foundation of Memphis Inc's largest 2024 grantees include National Civil Rights Museum ($2,500,000), Friends for All ($1,000,000) and Urban Renaissance ($1,000,000), according to its 2024 IRS Form 990-PF. Together they received 39% of its itemized 2024 grant dollars.
How large is The Assisi Foundation of Memphis Inc?
The Assisi Foundation of Memphis Inc reported $233.5M in total assets on its 2024 IRS Form 990-PF. It paid out $12.4M in qualifying distributions that year, against a required minimum of $11.2M (roughly 5% of its investment assets).
What does The Assisi Foundation of Memphis Inc fund?
The Foundation identifies four areas of focus: Health & Human Services, Education & Lifelong Learning, Social Justice & Ethics, and Cultural Enrichment & the Arts. See mission & focus areas ↑
How do I apply for a grant from The Assisi Foundation of Memphis Inc?
Review the current grantseeker packet and eligibility guidelines, then submit a complete application through the grants portal. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Assisi Foundation of Memphis Inc's EIN?
The Assisi Foundation of Memphis Inc's EIN (Employer Identification Number) is 62-1558722. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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