Wallace and Mary Casnelli Foundation
Wallace and Mary Casnelli Foundation is a private foundation, based in Knoxville, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.6M in total assets. In 2025, it awarded 8 grants totaling $351K. Net investment income was $438K.
Wallace and Mary Casnelli Foundation at a glance
In short: Wallace and Mary Casnelli Foundation gave $351K across 8 grants in 2025 (avg $44K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $351,000
- -2.3% vs 2024
- Grants made (2025)
- 8
- -11.1% vs 2024
- Average grant
- $43,875
- +9.9% vs 2024
- Median grant
- $50,000
- Total assets
- $5,576,074
- +1.1% vs 2024
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Wallace and Mary Casnelli Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was United Way of Greater Knoxville ($70K). Together the top 8 received $351K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was in the $50–100K range: 31 grants of 43 (72%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Wallace and Mary Casnelli Foundation gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 109% 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 2025, annual grant giving ranged from $350K (2023) to $446K (2021). In 2025 it made 8 grants totaling $351K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Greater Knoxville Knoxville, TN | General Funding | $70,000 |
| Helen Ross McNabb Center Knoxville, TN | General Funding | $50,000 |
| Emerald Youth Foundation Knoxville, TN | General Funding | $50,000 |
| The Boys and Girls Club of Knoxville, TN | General Funding | $50,000 |
| Roane State Community College Harriman, TN | General Funding | $50,000 |
| University of Tennessee Medical Center Knoxville, TN | Program Support | $50,000 |
| Mobile Meals Program Knoxville, TN | General Funding | $30,000 |
| Yoke Youth Ministries Knoxville, TN | General Funding | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,576,074 | $463,904 | $405,435 | $351,000 | 8 | $375,298 | $437,952 | $345,538 |
| 2024 | $5,517,639 | $287,305 | $409,728 | $359,250 | 9 | $380,846 | $262,045 | $334,365 |
| 2023 | $5,640,078 | $250,872 | $395,964 | $350,000 | 8 | $371,246 | $221,024 | $308,254 |
| 2022 | $5,791,375 | $178,576 | $453,002 | $398,669 | 9 | $420,856 | $153,764 | $329,317 |
| 2021 | $6,066,815 | $322,903 | $495,187 | $445,638 | 9 | — | $292,350 | $362,228 |
| 2020 | $6,264,289 | $25,614 | $469,985 | $422,750 | 9 | — | $113,031 | $322,208 |
Under IRS private-foundation payout rules, Wallace and Mary Casnelli Foundation reported a distributable amount of $346K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wallace and Mary Casnelli Foundation's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
The Trust Company Of Tennessee
Trustee
On filings since 2020
1 hr/week
$41K (2020) → $45K (2025)
Howard Roger Rankin
Advisor
On filings since 2020
No compensation reported
Sharon J Pryse
Advisor
On filings since 2024
No compensation reported
Former officers (2)
- Former: Stacy E. Roettger (2020–2023) — Advisor
- Former: Will J. Pugh (2020–2023) — Advisor
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $45K, to The Trust Company of Tennessee (Trustee).
Frequently asked questions about Wallace and Mary Casnelli Foundation
How much does Wallace and Mary Casnelli Foundation give each year?
Wallace and Mary Casnelli Foundation gave $351K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $359K across 9 grants.
What is Wallace and Mary Casnelli Foundation's typical grant size?
Wallace and Mary Casnelli Foundation's median grant in 2025 was $50,000, and its average grant was $43,875, across 8 grants on its 2025 IRS Form 990-PF.
Where does Wallace and Mary Casnelli Foundation give grants?
Wallace and Mary Casnelli Foundation gives mostly in Tennessee: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Knoxville, TN (7 grants).
Does Wallace and Mary Casnelli Foundation give general operating support?
Yes: 88% of Wallace and Mary Casnelli Foundation's 2025 grants with a stated purpose (7 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Wallace and Mary Casnelli Foundation's largest grantees?
Wallace and Mary Casnelli Foundation's largest 2025 grantees include United Way of Greater Knoxville ($70,000), Helen Ross McNabb Center ($50,000) and Emerald Youth Foundation ($50,000), according to its 2025 IRS Form 990-PF. Together they received 48% of its itemized 2025 grant dollars.
How large is Wallace and Mary Casnelli Foundation?
Wallace and Mary Casnelli Foundation reported $5.6M in total assets on its 2025 IRS Form 990-PF. It paid out $375K in qualifying distributions that year, against a required minimum of $346K (roughly 5% of its investment assets).
What is Wallace and Mary Casnelli Foundation's EIN?
Wallace and Mary Casnelli Foundation's EIN (Employer Identification Number) is 37-1845516. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 30, 2026)
- IRS filings on file for fiscal years 2020–2024
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