Community Foundation Of Greater Memphis Inc

Organization Overview

Community Foundation Of Greater Memphis Inc is located in Memphis, TN. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 04/2022, Community Foundation Of Greater Memphis Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Memphis Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 04/2021, Community Foundation Of Greater Memphis Inc generated $239.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $163.6m during the year ending 04/2021. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Community Foundation Of Greater Memphis Inc has awarded 14,826 individual grants totaling $739,098,977. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COMMUNITY FOUNDATION IS A PHILANTHROPIC ORGANIZATION THAT MANAGES CHARITABLE FUNDS WITH A BROAD BASE OF DONORS TO BENEFIT THE AREAS OF WESTERN TENNESSEE, EASTERN ARKANSAS, AND NORTHERN MISSISSIPPI.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONOR ADVISED FUNDS:THE FOUNDATION'S PRIMARY PROGRAM IS TO ADMINISTER DONOR ADVISED FUNDS. TO ACCOMPLISH THIS, THE FOUINDATION RECEIVES AND ACCEPTS PROPERTY TO BE USED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN AND FOR THE BENEFIT OF THE COMMUNITY OF MEMPHIS AND SHELBY COUNTY, AND THE VICINITY THEREOF.


FIELDS OF INTEREST FUNDS:THE FOUNDATION OFFERS FIELD OF INTEREST FUNDS TO SUPPORT SPECIFIC AREAS OF INTEREST, SUCH AS THE ARTS, ENVIRONMENT OR EDUCATION, RATHER THAN AN INDIVIDUAL NONPROFIT ORGANIZATION. THE LARGEST OF THESE FUNDS HOSTED BY THE FOUNDATON WAS THE MID-SOUTH COVID-19 REGIONAL RESPONSE FUND, WHICH PROVIDES FLEXIBLE FUNDING TO ORGANIZATIONS WORKING WITH COMMUNITY MEMBERS WHO HAVE BEEN IMPACTED BY NOVEL CORONAVIRUS AND THE ECONOMIC CONSEQUENCES OF THE OUTBREAK IN OUR REGION OF WEST TENNESSEE, NORTH MISSISSIPPI, AND EASTERN ARKANSAS. THE FUND IS DESIGNED TO COMPLEMENT THE WORK OF PUBLIC HEALTH OFFICIALS AND EXPAND LOCAL CAPACITY TO ADDRESS ALL ASPECTS OF THE OUTBREAK AS EFFICIENTLY AS POSSIBLE.


NONPROFIT ORGANIZATION DESIGNATED SUPPORT FUNDS:NONPROFIT ORGANIZATIONS ARE ALLOWED TO ESTABLISH DESIGNATED AGENCY FUNDS WITH THE FOUNDATION. SUCH FUNDS SUPPORT THE WORK OF THE NONPROFIT AND ENABLES ACCESS TO THE MANY SERVICES AND RESOURCES OFFERED BY THE FOUNDATION.


OTHER PROGRAM SERVICES, TO INCLUDE: GRANTS & INITIATIVES, GIVE365, AND SCHOLARSHIPS. GIVE 365 IS A NEW WAY OF BRINGING CHARITABLE PEOPLE TOGETHER FOR GOOD. GIVE 365 MEMBERS GIVE A MINIMUM OF $1 A DAY OR $ 365 ANNUALLY. BY POOLING SMALLER DONATIONS INTO A CHARITABLE FUND, GIVE 365 MEMBERS ARE ABLE TO MAKE SIGNIFICANT GRANTS THAT IMPROVE OUR COMMUNITY TODAY AND TOMORROW. THAT IS BECAUSE 50 PERCENT OF ALL FUNDS RAISED ARE DISTRIBUTED ANNUALLY, AND 50 PERCENT ARE INVESTED IN AN ENDOWED FUND TO SUPPORT FUTURE GRANTS.GIVE 365 EXPANDING MEMBERSHIP HAS ESTABLISHED A PATTERN OF CHARITABLE GIVING AND A LASTING FUND THAT CONTINUES TO GROW. GIVE 365 IS HARNESSING THE ENERGY, ENTHUSIASM AND RESOURCES OF MEMPHIANS AND CONNECTING LIKE-MINDED PEOPLE WHO WANT TO MAKE A DIFFERENCE. THE FOUNDATION OFFERS A SCHOLARSHIP PROGRAM FOR STUDENTS RESIDING IN THE METROPOLITAN MEMPHIS AREA. PRIORITY WILL BE GIVEN TO STUDENTS WHO ARE INVOLVED IN THE COMMUNITY THROUGH VOLUNTEER ACTIVITIES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Prime Buchholz
Investment Advisory
$282,375
Sullivan Branding Llc
Marketing
$128,009
Robert Half
Staffing
$118,606
Stellar Technology Solutions Llc
Software
$171,594
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$50,329
Membership dues$0
Fundraising events$0
Related organizations$1,091,444
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$203,796,524
Noncash contributions included in lines 1a–1f $79,428,847
Total Revenue from Contributions, Gifts, Grants & Similar$204,938,297
Total Program Service Revenue$4,395,306
Investment income $16,248,835
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $13,705,939
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $239,424,580

Grants Awarded

Over the last fiscal year, Community Foundation Of Greater Memphis Inc has awarded $132,716,674 in support to 768 organizations.

Grant RecipientAmount

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$8,134,114

URBAN RENAISSANCE PARTNERS INC

Org PageRecipient Profile

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$7,636,304

MEMPHIS BROOKS MUSEUM OF ART INC

Org PageRecipient Profile

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$5,613,821

TREZEVANT MANOR FOUNDATION

Org PageRecipient Profile

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$5,348,274

NEIGHBORHOOD PRESERVATION INC

Org PageRecipient Profile

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$4,176,533

CHURCH HEALTH CENTER OF MEMPHIS INC

Org PageRecipient Profile

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$3,393,505
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Community Foundation Of Greater Memphis Inc has recieved totaling $2,217,114.

Awarding OrganizationAmount
Rose Foundation

Santa Monica, CA

PURPOSE: UNRESTRICTED CONTRIBUTION FOR THE FURTHERANCE OF THE QUALIFIED CHARITY'S MISSION

$716,423
Childrens Foundation Of Memphis

Memphis, TN

PURPOSE: EDUCATION

$564,109
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$516,950
$97,550
United Way Of The Mid-South

Memphis, TN

PURPOSE: SEE SCH O

$51,881
Tennessee Health Foundation Inc

Chattanooga, TN

PURPOSE: COVID-19 RESPONSE (PAY IT FORWARD CAMPAIGN - MEMPHIS)

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$533,677,474
Earnings-$72,704,098
Admin Expense$1,596,755
Net Contributions$36,144,624
Grants$27,150,151
Ending Balance$468,371,094

Create an account to unlock the data you need.

or