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The Assisi Foundation of Memphis, Inc.

Profile

Last Updated: 2015-09-24

At A Glance

The Assisi Foundation of Memphis, Inc.

(formerly Assisi Foundation)

515 Erin Dr.

Memphis, TN United States 38117-4211

Telephone: (901) 684-1564

URL: www.assisifoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Health conversion foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $230,088,783

Total giving: $10,770,572

EIN

621558722

BRIDGE Number

4328887459

Background

Established in 1994 in TN; converted from the sale of St. Francis Hospital - Since its formation in Mar. 1994, The Assisi Foundation of Memphis, Inc. has awarded over eighty million dollars to nonprofit organizations serving people located primarily in Memphis, Tennessee, and in the Mid South region surrounding Memphis. The foundation focuses on Healthcare and Human Services, Education and Literacy, Social Justice/Ethics, Cultural Enrichment and the Arts. The foundation continues to contribute valuable support to healthcare research such as cell therapy, well-baby care, HIV and AIDS, cancer research, and other initiatives. In addition, an important focus of the foundation is to promote science education in colleges and high schools. Many community not-for-profit institutions have received generous grants from the foundation to look for more answers to catastrophic illnesses and to bring basic healthcare to those who are economically challenged. The foundation has been instrumental in helping these community organizations find and apply for other sources of grant funds. It has also launched several initiatives ranging from literacy to collaborative efforts among organizations in order to address critical community needs

Purpose and Activities

The foundation supports health, lifelong learning, social justice and responsible use of resources with respect and compassion for all.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Cultural Enrichment and the Arts

Seeking to foster appreciation of Memphis arts and culture, the foundation supports some of the area’s cultural icons and groups that work to promote the cultural and artistic heritage of Greater Memphis. Requests may be considered for (1) capital campaigns/endowments, (2) renovations and repairs, and (3) underwriting special programming/artists (after all other options have been explored). Any other types of requests will be referred to ArtsMemphis .

Education and Life Long Learning

The foundation works to strengthen its community’s educational well-being through programs that develop tools for life and focus on the awareness and importance of accepting social responsibilities. The foundation funds nonprofits that build the organizational capacity of provider agencies, provide professional development, promote collaboration, and leverage local, state, and federal resources.

Health and Human Services

Helping the Mid-South to thrive spiritually, mentally, and physically, the foundation funds initiatives that work to improve the health and well-being of the community, as well as the responses and delivery of the healthcare system. .

Program-Related Investment

The foundation has made a PRI in the form of a bridge loan to a opera house.

Social Justice/Ethics

The foundation believes in organizations that help individuals strive to reach their greatest human potential. The foundation funds projects and programs that strengthen ethical values among Mid-South citizens and promote social justice; initiatives that lead to a better understanding of, and a more effective response to, the economic and social challenges of the community.

Fields of Interest

Subjects
  • Community and economic development
  • Education
  • Health
  • Human services
  • Social sciences
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $230,088,783 (market value)

Expenditures: $13,149,723

Total giving: $10,770,572

Qualifying distributions: $11,403,061

Giving activities include:

$10,770,572 for 58 grants (high: $750,000; low: $1,911)