The Kelso Family Foundation

FRANKLIN, TN EIN: 87-6531538

The Kelso Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $38K in total assets. In 2024, it awarded 5 grants totaling $13K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$38K

+87.5% YoY

Annual Giving

$13K

+10.4% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$3K

-11.7% YoY

Under IRS private-foundation payout rules, The Kelso Family Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About The Kelso Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $73K (83%)

Utah $15K (17%)

Alabama $250 (0%)

North Carolina $250 (0%)

States

Alabama North Carolina Tennessee Utah

Cities

AsheboroColumbiaFranklinGallatinKnoxvilleLewisburgMentoneNashvilleOgden

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$37,981	$20,261	$34,860
Revenue	$33,100	$-487	$-1,353
Expenses	$15,380	$14,112	$63,787
Qualifying Distributions	$13,250	$12,000	$63,600
Net Investment Income	—	—	$554
Distributable Amount	$1,323	$1,276	$1,889

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ut Foundation ($7,000), Infinite Arches Sober Living Inc ($5,000), Columbia State Community College ($750).

Recipient	Purpose	Amount
COLUMBIA STATE COMMUNITY COLLEGE COLUMBIA, TN	GENERAL OPERATING PURPOSES	$750
INFINITE ARCHES SOBER LIVING INC OGDEN, UT	GENERAL OPERATING PURPOSES	$5,000
UT FOUNDATION KNOXVILLE, TN	GENERAL OPERATING PURPOSES	$7,000
THE JOHN MONTGOMERY CAMPERSHIP MENTONE, AL	GENERAL OPERATING PURPOSES	$250
VICTORY BAPTIST CHURCH ASHEBORO, NC	GENERAL OPERATING PURPOSES	$250

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KIRK KELSO	TRUSTEE	2	—
GENIE KELSO	TRUSTEE	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Kelso Family Foundation?

The Kelso Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, TN. It holds $38K in total assets as of 2024.

How large is The Kelso Family Foundation?

As of 2024, The Kelso Family Foundation holds $38K in total assets with $33K in annual revenue. It awarded 5 grants totaling $13K in 2024.

Where does The Kelso Family Foundation operate?

The Kelso Family Foundation has awarded grants in Alabama, North Carolina, Tennessee, Utah.

What size grants does The Kelso Family Foundation award?

In 2024, The Kelso Family Foundation awarded 5 grants totaling $13K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is The Kelso Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kelso Family Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.