Fountainrx Foundation Inc
Preselected recipients only
Fountainrx Foundation Inc is a private foundation in Morristown, Tennessee. In tax year 2023 it gave $49,990 in 13 grants; the typical grant was $2,000 and the largest $25,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2023.
- Grants paid, 2023$49,990
- Number of grants13
- Typical grant$2,000
- Largest grant$25,000
- Assets$252,300
- New grantees46%
Giving in 2023 was down from $55,150 the year before.
46% of its 2023 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $55,150 | 31 | $235,132 |
| 2023 | $49,990 | 13 | $252,300 |
How to apply
Fountainrx Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Fountainrx Foundation Inc funds
Where it gives
Its grants went to recipients in 7 states, the most to Tennessee.
| State | Grants | Amount |
|---|---|---|
| Tennessee | 6 | $37,490 |
| Colorado | 2 | $4,000 |
| Georgia | 1 | $3,000 |
| Missouri | 1 | $2,000 |
| Arizona | 1 | $1,500 |
| Texas | 1 | $1,000 |
| West Virginia | 1 | $1,000 |
Grants paid in 2023
| Recipient | Purpose | Amount |
|---|---|---|
| Fairview Baptist Church | Provide funds to the church | $25,000 |
| Lakeway Christian Schools | Support the mission of 501(c)(3) org | $7,000 |
| The New Horizons Foundation | Support the mission of 501(c)(3) org | $3,500 |
| Truface | Support the mission of 501(c)(3) org | $3,000 |
| Alps Adult Day Services | Support the mission of 501(c)(3) org | $2,090 |
| Fellowship of Christian Athletes | Support the mission of 501(c)(3) org | $2,000 |
| First Love on Main | Support the mission of 501(c)(3) org | $2,000 |
| Continentals Global Foundation | Support the mission of 501(c)(3) org | $1,500 |
| Hearts of Christ Ministry | Support the mission of 501(c)(3) org | $1,000 |
| Kerygma Ventures | Support the mission of 501(c)(3) org | $1,000 |
| Mov | Support the mission of 501(c)(3) org | $1,000 |
| Young Life Lakeway | Support the mission of 501(c)(3) org | $500 |
| Breath of Life Ministries | Support the mission of 501(c)(3) org | $400 |
Officers and trustees
- Derek V Hicks
- Ryan K Hollingsworth
- Joseph T Huntsman II
Questions people ask
Does Fountainrx Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Fountainrx Foundation Inc give?
$49,990 in tax year 2023, across 13 grants, with a typical grant of $2,000.
Who runs Fountainrx Foundation Inc?
Its 2023 filing lists Derek V Hicks (President), Ryan K Hollingsworth (Secretary) and Joseph T Huntsman II (Treasurer).
What does Fountainrx Foundation Inc fund?
Based on its grants, mainly faith communities.