The Nazareth Foundation Inc
The Nazareth Foundation Inc is a private foundation based in Cookeville, Tennessee. Its 2024 filing says its principal activity is determining which charitable entities receive its gifts. In 2024, it gave $395,000 through 19 grants to charitable organizations.
The Nazareth Foundation Inc at a glance
In short: The Nazareth Foundation Inc gave $395K across 19 grants in 2024 (avg $21K), mostly in Tennessee. 11% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $395,000
- +10.6% vs 2023
- Grants made (2024)
- 19
- +18.8% vs 2023
- Average grant
- $20,789
- -6.8% vs 2023
- Median grant
- $10,000
- Total assets
- $6,995,246
- +0.1% vs 2023
- New grantees (estimate)
- 11% first-time grantees (2 of 19, 2024; small sample)
- Primary geography
- Tennessee (59% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Nazareth Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3416 Phillips Cemetery Rd A, Cookeville, TN 38506
Phone: (931) 261-0174
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Nazareth Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Collegeside Church of Christ ($160K). Together the top 10 received $340K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 58 grants of 66 (88%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that Tennessee recipients received 59% of grant dollars, followed by Texas (15%), Florida (6%), California (5%), and Kentucky (4%). The listed 2024 grants also include recipients in other states.
Grant Distribution by State
Share of 2024 grant dollars across all 19 itemized grants.
States
Cities
Is The Nazareth Foundation Inc open to new grantees?
11%
first-time grantees, 2024
In 2024, 2 of 19 grantees (11%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $8K; repeat grants $22K. How we count
Medians: $8K first-time, $10K repeat.
- 79% of 2024 grantees were also funded in 2023. Method
- Giving grew 40% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $283K (2021) to $400K (2022). In 2024 it made 19 grants totaling $395K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Collegeside Church of Christ Cookeville, TN | For Fellowships | $160,000 |
| La Ola Ministriesthe Wave Laredo, TX | For Fellowships | $50,000 |
| Habitat for Humanity Cookeville, TN | To Assist Children | $20,000 |
| Mustard Seed Ranch Cookeville, TN | To Assist Children | $20,000 |
| Turning Point San Diego, CA | To Spread the Gospel | $20,000 |
| Wounded Warrior Project Jacksonville, FL | To Assist Veterans | $20,000 |
| Cookeville Rescue Mission Cookeville, TN | To Assist Homeless | $15,000 |
| The Salvation Army Louisville, KY | Assist Those in Need | $15,000 |
| American Bible Society Philadelphia, PA | To Spread the Gospel | $10,000 |
| Doctors Without Borders New York, NY | Provide Medical Care | $10,000 |
Ready to take the next step with The Nazareth Foundation Inc?
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 | $6,995,246 | $450,677 | $442,045 | $395,000 | 19 | $395,000 | $403,667 | $392,363 |
| 2023 | $6,986,614 | $152,005 | $397,958 | $356,990 | 16 | $356,990 | $129,002 | $374,455 |
| 2022 | $7,232,567 | $191,873 | $450,255 | $400,000 | 17 | $400,000 | $147,656 | $376,990 |
| 2021 | $7,490,949 | $581,133 | $328,001 | $283,000 | 14 | $283,000 | $273,273 | $400,098 |
| 2020 | $7,237,817 | $-334,990 | $38,677 | — | — | — | $109,406 | $357,948 |
Under IRS private-foundation payout rules, The Nazareth Foundation Inc reported a distributable amount of $392K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing describes its principal activity as selecting charitable entities to receive its gifts; it does not state a separate mission. Its grant purposes in 2024 included fellowships, assistance to children, veterans and people experiencing homelessness, medical care, aid to people in need, and spreading the gospel.
Grantees describe their own work in varied terms. Mustard Seed Ranch says it provides a Christ-centered home for children who have been neglected, abused, orphaned, or need a healthy family environment. Habitat for Humanity describes its purpose as creating decent, affordable housing for people in need. Wounded Warrior Project says it focuses on the well-being of post-9/11 veterans, active-duty service members, and their families. Other 2024 grantees describe work that includes making the Bible available, leading people into a relationship with Jesus Christ, providing spiritual and physical aid, nourishing and empowering people, and improving children’s health care.
Grantmaking
In 2024, the foundation reported 19 grants totaling $395,000. Grant amounts ranged from $5,000 to $160,000, with a median of $10,000.
Its largest 2024 grants included $160,000 to Collegeside Church of Christ for fellowships and $50,000 to La Ola Ministries The Wave for fellowships. Other notable grants were $20,000 each to Habitat for Humanity, Mustard Seed Ranch, Turning Point, and Wounded Warrior Project; $15,000 each to Cookeville Rescue Mission and The Salvation Army; and $10,000 each to American Bible Society, Doctors Without Borders, Samaritan’s Purse, and In Touch Ministries.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Bruce Barsumian as president/director and Kennan Barsumian as director.
The Nazareth Foundation Inc is led by Bruce Barsumian, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bruce Barsumian
President & Director
On filings since 2020
No compensation reported
Kennan Barsumian
Director
On filings since 2023
No compensation reported
Former officers (1)
- Former: Arlene Barsumian (2020) — Vice President, Secretary & T
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 Nazareth Foundation Inc
How much does The Nazareth Foundation Inc give each year?
The Nazareth Foundation Inc gave $395K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $357K across 16 grants.
What is The Nazareth Foundation Inc's typical grant size?
The Nazareth Foundation Inc's median grant in 2024 was $10,000, and its average grant was $20,789, across 19 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Nazareth Foundation Inc that year got $8K on average.
Where does The Nazareth Foundation Inc give grants?
The Nazareth Foundation Inc gives mostly in Tennessee: 59% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (15%) and Florida (6%). The most frequent recipient cities were Cookeville, TN (5 grants) and Nashville, TN (2 grants).
Does The Nazareth Foundation Inc give general operating support?
Not in 2024: none of the 19 grants with a stated purpose on The Nazareth Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Spread the Gospel" (4 grants) and "Assist Those in Need" (4 grants).
Who are The Nazareth Foundation Inc's largest grantees?
The Nazareth Foundation Inc's largest 2024 grantees include Collegeside Church of Christ ($160,000), La Ola Ministriesthe Wave ($50,000) and Habitat for Humanity ($20,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is The Nazareth Foundation Inc?
The Nazareth Foundation Inc reported $7.0M in total assets on its 2024 IRS Form 990-PF. It paid out $395K in qualifying distributions that year, against a required minimum of $392K (roughly 5% of its investment assets).
What does The Nazareth Foundation Inc fund?
The foundation’s filing describes its principal activity as selecting charitable entities to receive its gifts; it does not state a separate mission. See mission & focus areas ↑
How do I apply for a grant from The Nazareth Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Nazareth Foundation Inc's EIN?
The Nazareth Foundation Inc's EIN (Employer Identification Number) is 81-1135220. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Nazareth Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Nazareth Foundation Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/the-nazareth-foundation-inc-morg_cd8795d161e4498fabdf4d1cedc4fd5a
BibTeX
@misc{grantable_811135220_2026,
author = {{Grantable}},
title = {{The Nazareth Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-nazareth-foundation-inc-morg_cd8795d161e4498fabdf4d1cedc4fd5a},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Nazareth Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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