The Joe and Velma Dewitt Foundation

NASHVILLE, TN EIN: 58-4180022

The Joe and Velma Dewitt Foundation is a private foundation, based in NASHVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 7 grants totaling $38K. Net investment income was $136K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+10.2% YoY

Annual Giving

$38K

-31.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

-31.8% YoY

Under IRS private-foundation payout rules, The Joe and Velma Dewitt Foundation reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.

About The Joe and Velma Dewitt Foundation

Based on IRS filings

Ready to take the next step with The Joe and Velma Dewitt Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $202K (72%)

Michigan $50K (18%)

Florida $20K (7%)

New York $10K (4%)

States

Florida Michigan New York Tennessee

Cities

BrentwoodBuchannanChattanoogaDaytonDucktownHixsonJacksonvilleNashvilleStaten Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,009,814	$916,618	$922,653
Revenue	$139,856	$57,310	$35,780
Expenses	$46,660	$63,345	$33,831
Qualifying Distributions	$41,590	$59,050	$25,859
Net Investment Income	$135,767	$53,260	$34,921
Distributable Amount	$46,283	$44,067	$45,317

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

28 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bryan College ($10,000), Life Action Ministries ($5,000), Nashville Rescue Mission ($5,000).

Recipient	Purpose	Amount
BRENTWOOD BAPTIST BRENTWOOD, TN	OPERATING FUNDS	$2,500
BRYAN COLLEGE DAYTON, TN	OPERATING FUNDS	$10,000
LIFE ACTION MINISTRIES BUCHANNAN, MI	OPERATING FUNDS	$5,000
NASHVILLE RESCUE MISSION NASHVILLE, TN	OPERATING FUNDS	$5,000
TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY	OPERATING FUNDS	$5,000
WOUNDED WARRIOR PROJECT JACKSONVILLE, FL	OPERATING FUNDS	$5,000
TEACHING TO TEACH HIXSON, TN	OPERATING FUNDS	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GLENN C STOPHEL	PRESIDENT	0.5	—
JACKIE H STOPHEL	ASST SECRETARY	0.13	—
RHONDA S RUTHERFORD	SECRETARY AND EVP	0.13	$6,000

Frequently Asked Questions

How large is The Joe and Velma Dewitt Foundation?

As of 2024, The Joe and Velma Dewitt Foundation holds $1.0M in total assets with $140K in annual revenue. It awarded 7 grants totaling $38K in 2024.

Where does The Joe and Velma Dewitt Foundation operate?

The Joe and Velma Dewitt Foundation has awarded grants in Florida, Michigan, New York, Tennessee.

What size grants does The Joe and Velma Dewitt Foundation award?

In 2024, The Joe and Velma Dewitt Foundation awarded 7 grants totaling $38K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is The Joe and Velma Dewitt Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Joe and Velma Dewitt Foundation reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Joe and Velma Dewitt Foundation's EIN?

The Joe and Velma Dewitt Foundation's EIN (Employer Identification Number) is 58-4180022. IRS Form 990 filing data is available on this page for 2020–2024.