The Salmon Foundation

MEMPHIS, TN EIN: 62-1219453

The Salmon Foundation is a private foundation, based in MEMPHIS, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $634K in total assets. In 2024, it awarded 8 grants totaling $31K. Net investment income was $45K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$634K

+1.7% YoY

Annual Giving

$31K

-2.3% YoY

Grant Count

-11.1% YoY

Avg Grant Size

$4K

+9.9% YoY

Under IRS private-foundation payout rules, The Salmon Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.

About The Salmon Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $161K (89%)

New York $19K (11%)

States

New York Tennessee

Cities

ColliervilleGermantownMemphisNashvilleNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$634,250	$623,796	$523,643
Revenue	$51,473	$137,728	$-1,616
Expenses	$41,019	$37,575	$48,184
Qualifying Distributions	$31,252	$32,000	$39,000
Net Investment Income	$45,191	$133,023	—
Distributable Amount	$31,510	$29,221	$34,916

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

44 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Metropolitan Inter-faith Association ($7,372), Youth Villages ($6,000), Southern Reins Ctr for Equine Therapy ($5,603).

Recipient	Purpose	Amount
METROPOLITAN INTER-FAITH ASSOCIATION MEMPHIS, TN	COMMUNITY SERVICES	$7,372
EMMANUEL EPISCOPAL CENTER MEMPHIS, TN	HELP SPECIAL NEEDS INDIVIDUALS	$3,000
YOUTH VILLAGES MEMPHIS, TN	HELP TROUBLED CHILDREN	$6,000
SOUTHERN REINS CTR FOR EQUINE THERAPY COLLIERVILLE, TN	THERAPY FOR DISABLED INDIVIDUALS	$5,603
CHILDREN'S EMERGENCY CARE ALLIANCE OF TN NASHVILLE, TN	PEDIATRIC EMERGANCY CARE	$1,392
AGAPE CHILD AND FAMILY SERVICES INC MEMPHIS, TN	COUNSELING SERVICES	$4,085
BODINE SCHOOL GERMANTOWN, TN	EDUCATION FOR READING DISABILITIES	$3,000
PORTER-LEATH MEMPHIS, TN	COMMUNITY SERVICES	$800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MADELEINE S NEWKIRK	PRESIDENT	—	—
KELCIE H NOLLNER	SECRETARY	—	—

Frequently Asked Questions

How large is The Salmon Foundation?

As of 2024, The Salmon Foundation holds $634K in total assets with $51K in annual revenue. It awarded 8 grants totaling $31K in 2024.

Where does The Salmon Foundation operate?

The Salmon Foundation has awarded grants in New York, Tennessee.

What size grants does The Salmon Foundation award?

In 2024, The Salmon Foundation awarded 8 grants totaling $31K — an average of about $4K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Salmon Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.