Wallace and Mary Casnelli Foundation
Wallace and Mary Casnelli Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 9 grants totaling $359K. Net investment income was $262K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
-2.2% YoY
Annual Giving
$359K
+2.6% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$40K
-8.8% YoY
Under IRS private-foundation payout rules, Wallace and Mary Casnelli Foundation reported a distributable amount of $334K for 2024 — the minimum it must pay out in qualifying distributions.
About Wallace and Mary Casnelli Foundation
Based on IRS filings
Wallace and Mary Casnelli Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 9 grants totaling $359K. Net investment income was $262K.
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 | $5,517,639 | $5,640,078 | $5,791,375 |
| Revenue | $287,305 | $250,872 | $178,576 |
| Expenses | $409,728 | $395,964 | $453,002 |
| Qualifying Distributions | $380,846 | $371,246 | $420,856 |
| Net Investment Income | $262,045 | $221,024 | $153,764 |
| Distributable Amount | $334,365 | $308,254 | $329,317 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Greater Knoxville ($68,250), Helen Ross Mcnabb Center ($50,000), Emerald Youth Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HELEN ROSS MCNABB CENTER KNOXVILLE, TN | GENERAL FUNDING | $50,000 |
| UNITED WAY OF GREATER KNOXVILLE Knoxville, TN | GENERAL FUNDING | $68,250 |
| EMERALD YOUTH FOUNDATION Knoxville, TN | GENERAL FUNDING | $50,000 |
| YOKE YOUTH MINISTRIES Knoxville, TN | GENERAL FUNDING | $1,000 |
| BOYS AND GIRLS CLUB OF THE KNOXVILLE, TN | GENERAL FUNDING | $50,000 |
| ROANE STATE COMMUNITY COLLEGE HARRIMAN, TN | GENERAL FUNDING | $50,000 |
| MOBILE MEALS PROGRAM KNOXVILLE, TN | GENERAL FUNDING | $30,000 |
| UNIVERSITY OF TENNESSEE MEDICAL CENTER KNOXVILLE, TN | PROGRAM SUPPORT | $50,000 |
| Asheville Buncombe Community Christian Arden, TN | GENERAL FUNDING | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THE TRUST COMPANY OF TENNESSEE | TRUSTEE | 1 | $43,193 |
| Sharon J Pryse | ADVISOR | — | — |
| HOWARD ROGER RANKIN | ADVISOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wallace and Mary Casnelli Foundation?
Wallace and Mary Casnelli Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. It holds $5.5M in total assets as of 2024.
How large is Wallace and Mary Casnelli Foundation?
As of 2024, Wallace and Mary Casnelli Foundation holds $5.5M in total assets with $287K in annual revenue. It awarded 9 grants totaling $359K in 2024.
Where does Wallace and Mary Casnelli Foundation operate?
Wallace and Mary Casnelli Foundation has awarded grants in Tennessee.
What size grants does Wallace and Mary Casnelli Foundation award?
In 2024, Wallace and Mary Casnelli Foundation awarded 9 grants totaling $359K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is Wallace and Mary Casnelli Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace and Mary Casnelli Foundation reported a distributable amount of $334K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wallace and Mary Casnelli 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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