The Knapp Foundation

Foundation · Grantmaker Bartlett, TN EIN: 62-1794837 Website

The Knapp Foundation is a private foundation established in 1999 and located in Bartlett, Tennessee. The organization operates as a 501(c)(3) nonprofit entity with a focus on grantmaking activities.

Key facts about The Knapp Foundation

EIN: 62-1794837
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $230,000
Grants made (2024): 34
Average grant: $6,765
Median grant: $5,000
New grantees (estimate): 9% first-time grantees (3 of 34, 2024)
Total assets: $8,536,791
Primary geography: Tennessee (61% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The Knapp Foundation funds

By grant dollars, the top recipient states for The Knapp Foundation's 34 itemized 2024 grants were Tennessee (61%), Kentucky (13%) and Mississippi (7%). The most frequent recipient cities were Memphis, TN (20 grants), Bartlett, TN (2 grants) and Cincinnati, OH (2 grants). 94% of grants with a stated purpose were for general or operating support.

Is The Knapp Foundation open to new grantees?

first-time grantees, 2024

In 2024, 3 of 34 grantees (9%) were first-time recipients. First grants averaged $10K; repeat grants $6K. How we count

Medians: $10K first-time, $5K repeat.

74% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (−16%). Method
In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.5M

+5.4% YoY

Annual Giving

$230K

-16.7% YoY

Grant Count

+6.3% YoY

Avg Grant Size

$7K

-21.6% YoY

Under IRS private-foundation payout rules, The Knapp Foundation reported a distributable amount of $511K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary purpose is to assist disadvantaged, diverse youths in choosing growth over fear as they pursue a college education.

Grantmaking

Based on the most recent IRS Form 990 filing (2023), the foundation distributed $276,000 in total giving. Historical grantmaking data shows total giving of $230,000 in an earlier reporting period.

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Geographic Focus

Where this funder awards grants

The foundation is based in Bartlett, Tennessee, with an additional office location in St Michaels, Maryland.

Grant Distribution by State

Tennessee $141K (61%)

Kentucky $30K (13%)

Mississippi $17K (7%)

Ohio $10K (4%)

Arizona $10K (4%)

All other $22K (10%)

Share of all 34 itemized 2024 grant dollars.

States

Arizona Georgia Kentucky Mississippi New York Ohio South Carolina Tennessee Texas Virginia

Cities

MemphisCincinnatiArlingtonBartlettBeltonJohnson CityLake CormorantLexingtonPippa PassesMillingtonStaten IslandDallasColliervillePhoenixSouthhavenValdosta

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total assets: $8,099,529
Total giving: $276,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,536,791	$8,099,529	$8,426,758
Revenue	$1,141,358	$418,531	$245,457
Expenses	$704,096	$744,794	$824,243
Qualifying Distributions	$491,981	$540,085	$580,018
Net Investment Income	$933,342	$207,776	$27,289
Distributable Amount	$511,499	$493,739	$519,902

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

174 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Alice Lloyd College ($25,000), Palmer Home for Children ($17,000), St Paul Catholic School ($15,000).

Recipient	Purpose	Amount
ALICE LLOYD COLLEGE Pippa Passes, KY	SCHOLARSHIPS	$25,000
PALMER HOME FOR CHILDREN Lake Cormorant, MS	GENERAL/OPERATING	$17,000
ST PAUL CATHOLIC SCHOOL Memphis, TN	GENERAL/OPERATING	$15,000
HARWOOD CENTER Memphis, TN	GENERAL/OPERATING	$10,000
MEMPHIS UNION MISSION Memphis, TN	GENERAL/OPERATING	$10,000
MID-SOUTH FOOD BANK Memphis, TN	GENERAL/OPERATING	$10,000
THE SALVATION ARMY Memphis, TN	GENERAL/OPERATING	$10,000
TURNING POINT USA Phoenix, AZ	GENERAL/OPERATING	$10,000
BARTLETT PERFORMING ARTS CENTER Bartlett, TN	GENERAL/OPERATING	$9,000
A WAY OUT MINISTRIES Memphis, TN	GENERAL/OPERATING	$7,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Lori Condo Locke	Chairman	40	$113,000
Marcia R Brasel	Treasurer	34	$60,383
Cheryl Condo	Board Member	5	$14,746
Ellen Douglas	Board Member	5	—
Laura Hamer	Board Member	5	$52,160

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Knapp Foundation fund?

The foundation's primary purpose is to assist disadvantaged, diverse youths in choosing growth over fear as they pursue a college education.

How do I apply for a grant from The Knapp Foundation?

Based on the most recent IRS Form 990 filing (2023), the foundation distributed $276,000 in total giving. Historical grantmaking data shows total giving of $230,000 in an earlier reporting period.

Where does The Knapp Foundation make grants?

The foundation is based in Bartlett, Tennessee, with an additional office location in St Michaels, Maryland.

What size grants does The Knapp Foundation award?

In 2024, The Knapp Foundation awarded 34 grants totaling $230K — an average of about $7K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Knapp Foundation reported a distributable amount of $511K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.