Wallace and Mary Casnelli Foundation

Private foundation · Grantmaker Knoxville, TN EIN: 37-1845516

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.

Key facts about Wallace and Mary Casnelli Foundation

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.

EIN
37-1845516
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$351,000
Grants made (2025)
8
Average grant
$43,875
Median grant
$50,000
Total assets
$5,576,074
Primary geography
Tennessee (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$5.6M

+1.1% YoY

Annual Giving

$351K

-2.3% YoY

Grant Count

8

-11.1% YoY

Avg Grant Size

$44K

+9.9% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 8 itemized grants.

States

Cities

KnoxvilleHarrimanArden

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K9 grants2020 9 grants2021 9 grants2022 8 grants2023 9 grants2024 8 grants2025

From 2020 to 2025, annual grant giving ranged from $350K (2023) to $446K (2021). In 2025 it made 8 grants totaling $351K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2025

United Way of Greater Knoxville: $70KUnited Way of GreaterKnoxville$70KHelen Ross McNabb Center: $50KHelen Ross McNabb Center$50KEmerald Youth Foundation: $50KEmerald Youth Foundation$50KThe Boys and Girls Club of: $50KThe Boys and Girls Club of$50KRoane State Community College: $50KRoane State Community College$50KUniversity of Tennessee Medical Center: $50KUniversity of TennesseeMedical Center$50KMobile Meals Program: $30KMobile Meals Program$30KYoke Youth Ministries: $1KYoke Youth Ministries$1K

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

11<$50K31$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 31 grants of 43 (72%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
United Way of Greater Knoxville Knoxville, TNGeneral Funding$70,000
Helen Ross McNabb Center Knoxville, TNGeneral Funding$50,000
Emerald Youth Foundation Knoxville, TNGeneral Funding$50,000
The Boys and Girls Club of Knoxville, TNGeneral Funding$50,000
Roane State Community College Harriman, TNGeneral Funding$50,000
University of Tennessee Medical Center Knoxville, TNProgram Support$50,000
Mobile Meals Program Knoxville, TNGeneral Funding$30,000
Yoke Youth Ministries Knoxville, TNGeneral Funding$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$5,576,074$5,517,639$5,640,078
Revenue$463,904$287,305$250,872
Expenses$405,435$409,728$395,964
Qualifying Distributions$375,298$380,846$371,246
Net Investment Income$437,952$262,045$221,024
Distributable Amount$345,538$334,365$308,254

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 30, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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 Trust Company of Tennessee — Trustee: $45KThe Trust Company of…Trustee$45K

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.

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