Tom Musselman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 22 grants totaling $739K. Net investment income was $646K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+23.0% YoY
Annual Giving
$739K
+125.5% YoY
Grant Count
22
+15.8% YoY
Avg Grant Size
$34K
+94.7% YoY
Under IRS private-foundation payout rules, Tom Musselman Foundation Inc reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
About Tom Musselman Foundation Inc
Based on IRS filings
Tom Musselman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 22 grants totaling $739K. Net investment income was $646K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,507,768 | $1,225,468 | $968,802 |
| Revenue | $1,564,573 | $595,407 | $879,714 |
| Expenses | $756,198 | $338,741 | $216,972 |
| Qualifying Distributions | $744,738 | $330,440 | $214,261 |
| Net Investment Income | $646,317 | $28,712 | $301,510 |
| Distributable Amount | $51,952 | $53,678 | $35,928 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Francis of Assisi Church ($211,000), University of Louisville ($182,500), Sacred Heart Academy ($160,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 21ST CENTURY PARKS LOUISVILLE, KY | TO PROVIDE F UNDS TO PRESERVE PARKLANDS. | $500 |
| ARCHDIOCEESE OF LOUISVILLE LOUISVILLE, KY | TO PROVIDE FUNDS TO BE USED AT CHURCHES IN THE LOUISVILLE AREA | $10,000 |
| BELLARMINE UNIVERSITY LOUISVILLE, KY | TO PROVIDE FUNDS FOR SCHOLARSHIPS | $5,000 |
| CATHOLIC EDUCATION FOUNDATION LOUISVILLE, KY | TO PROVIDE FUNDS FOR TUITION ASSISTANCE TO CATHOLIC SCHOOL FAMILIES | $12,000 |
| CHEYENNE MOUNTAIN ZOO COLORADO SPRINGS, CO | TO SHARE THE WONDERS OF THE NATURAL WORLD WITH KIDS OF ALL AGES AND PROVIDING MEMORIES OF A LIFETIME | $7,500 |
| CSZ FOUNDATION AVON, CT | TO EMPOWER YOUNG ADULTS STRUGGLING WITH SUBSTANCE ABUSE AND MENTAL HEALTH | $7,500 |
| DARE TO CARE FOOD BANK LOUISVILLE, KY | TO PROVIDE FOOD TO THE HUNGRY IN THE COMMUNITY | $25,000 |
| LOUISVILLE OLMSTED PARKS CONSERVANCY INC LOUISVILLE, KY | GENERAL SUPPORT | $5,000 |
| NATIONAL POLICE AND TROOPERS ASSOCIATION SARASOTA, FL | GENERAL SUPPORT | $50 |
| NAZARETH HOMES FOUNDATION LOUISVILLE, KY | TO PROVIDE FUNDS TO PROVIDE HEALTH AND WELLNESS SERVICES FOR ADULTS AND FAMILIES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS A MUSSELMAN SR | PRESIDENT/DIRECTOR | 0.1 | — |
| CHESTER MUSSELMAN | SECRETARY/DIRECTOR | 0.1 | — |
| SHARRON MUSSELMAN-MARCUM | TREASURER/DIRECTOR | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tom Musselman Foundation Inc?
Tom Musselman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. It holds $1.5M in total assets as of 2024.
How large is Tom Musselman Foundation Inc?
As of 2024, Tom Musselman Foundation Inc holds $1.5M in total assets with $1.6M in annual revenue. It awarded 22 grants totaling $739K in 2024.
Where does Tom Musselman Foundation Inc operate?
Tom Musselman Foundation Inc has awarded grants in California, Colorado, Connecticut, District of Columbia, Florida, Illinois, Kentucky, Massachusetts, Maryland, New York.
What size grants does Tom Musselman Foundation Inc award?
In 2024, Tom Musselman Foundation Inc awarded 22 grants totaling $739K — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is Tom Musselman Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tom Musselman Foundation Inc reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tom Musselman Foundation Inc's EIN?
Tom Musselman Foundation Inc's EIN (Employer Identification Number) is 26-1324568. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tom Musselman Foundation Inc'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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