The Nesbitt Family Foundation Inc

MEMPHIS, TN EIN: 57-1060698

The Nesbitt Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEMPHIS, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $116K in total assets. In 2024, it awarded 3 grants totaling $11K. Net investment income was $7K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$116K

-3.1% YoY

Annual Giving

$11K

-4.3% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$4K

+91.3% YoY

Under IRS private-foundation payout rules, The Nesbitt Family Foundation Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

About The Nesbitt Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $23K (49%)

District of Columbia $6K (12%)

New York $5K (10%)

Pennsylvania $4K (7%)

Georgia $3K (5%)

Illinois $3K (5%)

Virginia $2K (5%)

Missouri $2K (4%)

+1 more states

States

District of Columbia Florida Georgia Illinois Missouri New York Pennsylvania Tennessee Virginia

Cities

AlexandriaAtlantaChicagoFultonMemphisPalmettoSarasotaStaten IslandSwarthmoreWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$116,148	$119,896	$129,913
Revenue	$8,280	$3,251	$4,054
Expenses	$12,028	$12,768	$7,534
Qualifying Distributions	$12,000	$12,728	$7,390
Net Investment Income	$7,271	$2,010	$2,866
Distributable Amount	$5,729	$7,693	$8,036

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Red Cross - Hurricanes ($5,000), All Star Childrens Foundation ($3,500), Tunnel to Towers Foundation ($2,500).

Recipient	Purpose	Amount
AMERICAN RED CROSS - HURRICANES WASHINGTON, DC	CHARITABLE PURPOSES	$5,000
TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY	CHARITABLE PURPOSES	$2,500
ALL STAR CHILDRENS FOUNDATION SARASOTA, FL	CHARITABLE CHILDRENS FOSTER PROGRAM	$3,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GEORGE ALAN NESBITT	TRUSTEE	—	—
SHERRON NESBITT	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Nesbitt Family Foundation Inc?

The Nesbitt Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEMPHIS, TN. It holds $116K in total assets as of 2024.

How large is The Nesbitt Family Foundation Inc?

As of 2024, The Nesbitt Family Foundation Inc holds $116K in total assets with $8K in annual revenue. It awarded 3 grants totaling $11K in 2024.

Where does The Nesbitt Family Foundation Inc operate?

The Nesbitt Family Foundation Inc has awarded grants in District of Columbia, Florida, Georgia, Illinois, Missouri, New York, Pennsylvania, Tennessee, Virginia.

What size grants does The Nesbitt Family Foundation Inc award?

In 2024, The Nesbitt Family Foundation Inc awarded 3 grants totaling $11K — an average of about $4K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Nesbitt Family Foundation Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Nesbitt Family Foundation Inc's EIN?

The Nesbitt Family Foundation Inc's EIN (Employer Identification Number) is 57-1060698. IRS Form 990 filing data is available on this page for 2020–2024.