The Tully-Graves Foundation
The Tully-Graves Foundation is a private foundation, based in Salt Lake City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $544K in total assets. Net investment income was $2K.
The Tully-Graves Foundation at a glance
- Total assets
- $543,598
- -0.6% vs 2023
- Revenue (2024)
- $1,827
- +9.3% vs 2023
- Net investment income (2024)
- $1,827
- +9.3% vs 2023
- Expenses (2024)
- $5,186
- -40.2% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Tully-Graves Foundation funds
How this funder distributes its grants
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How The Tully-Graves Foundation gives
- Giving grew 67% from 2020 to 2023. Method
- In 2023 it paid out 150% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $675 (2021) to $6K (2023). In 2023 it made 7 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St John's Episcopal Church Memphis, TN | Operating Support | $3,000 |
| Collierville Dragons Baseball Club Inc Collierville, TN | Operating Support | $1,000 |
| The Lamplighter School Dallas, TX | Operating Support | $500 |
| Preston Hollow Presbyterian School Dallas, TX | Operating Support | $500 |
| The Hutchinson School Memphis, TN | Operating Support | $300 |
| The Grace Fund Memphis, TN | Operating Support | $300 |
| Islesboro Islands Trust Islesboro, ME | Operating Support | $250 |
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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 | $543,598 | $1,827 | $5,186 | — | — | — | $1,827 | $3,690 |
| 2023 | $546,957 | $1,671 | $8,665 | $5,850 | 7 | $5,850 | $1,671 | $3,903 |
| 2022 | $556,361 | $38 | $9,820 | $3,500 | 2 | $3,500 | $38 | $4,145 |
| 2021 | $566,143 | $-305,600 | $11,826 | $675 | 2 | $10,606 | $4 | $3,368 |
| 2020 | $883,569 | $2,196 | $5,254 | $3,500 | 2 | — | $2,181 | $1,787 |
Under IRS private-foundation payout rules, The Tully-Graves Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Tully-Graves Foundation is led by Parnell S. Lewis Jr., Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2024 filing
Parnell S. Lewis Jr.
Trustee
On filings since 2020
2 hrs/week
$5K (2024)
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $5K, to Parnell S Lewis Jr (Trustee).
Frequently asked questions about The Tully-Graves Foundation
How large is The Tully-Graves Foundation?
The Tully-Graves Foundation reported $544K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $2K.
Where does The Tully-Graves Foundation operate?
The Tully-Graves Foundation has awarded grants in Maine, Tennessee, Texas.
How much is The Tully-Graves Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Tully-Graves Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Tully-Graves Foundation's EIN?
The Tully-Graves Foundation's EIN (Employer Identification Number) is 62-6356784. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Tully-Graves Foundation's focus areas in our free grants database
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