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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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B & B Foundation
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Assets
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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