The Sheperds Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23.3M in total assets. In 2024, it awarded 5 grants totaling $3.9M. Net investment income was $2.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.3M
-14.0% YoY
Annual Giving
$3.9M
+3121.1% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$773K
+2476.9% YoY
Under IRS private-foundation payout rules, The Sheperds Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
About The Sheperds Foundation
Based on IRS filings
The Sheperds Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23.3M in total assets. In 2024, it awarded 5 grants totaling $3.9M. Net investment income was $2.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,292,852 | $27,100,324 | $26,165,384 |
| Revenue | $3,189,301 | $618,865 | $4,017,707 |
| Expenses | $4,178,022 | $369,752 | $206,901 |
| Qualifying Distributions | $3,865,347 | $120,000 | — |
| Net Investment Income | $2,154,184 | $659,737 | $378,898 |
| Distributable Amount | $1,268,068 | $979,968 | $862,162 |
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
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Mike and Teresa Foundation ($3,105,347), Diocese of Nashville ($710,000), Fourteenth Avenue Baptist ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DIOCESE OF NASHVILLE NASHVILLE, TN | LEGACY CAMPAIGN | $710,000 |
| FOURTEENTH AVENUE BAPTIST NASHVILLE, TN | OPERATING FUND | $20,000 |
| FADICA WASHINGTON, DC | OPERATING FUND | $10,000 |
| HUNTER GARSTIN NASHVILLE, TN | MEDICAL COSTS | $20,000 |
| THE MIKE AND TERESA FOUNDATION FRANKLIN, TN | CHARITABLE | $3,105,347 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J NACARATO JR | PRESIDENT | 1 | — |
| TERESA A NACARATO | SECRETARY | 2 | — |
| MICHAEL J NACARATO IV | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Sheperds Foundation?
The Sheperds Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN, TN. It holds $23.3M in total assets as of 2024.
How large is The Sheperds Foundation?
As of 2024, The Sheperds Foundation holds $23.3M in total assets with $3.2M in annual revenue. It awarded 5 grants totaling $3.9M in 2024.
Where does The Sheperds Foundation operate?
The Sheperds Foundation has awarded grants in California, District of Columbia, Tennessee.
What size grants does The Sheperds Foundation award?
In 2024, The Sheperds Foundation awarded 5 grants totaling $3.9M — an average of about $773K per grant, based on its IRS Form 990 filings.
How much is The Sheperds Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sheperds Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sheperds Foundation's EIN?
The Sheperds Foundation's EIN (Employer Identification Number) is 62-1842982. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Sheperds Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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