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EIN 23-7175983

Plough Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Memphis
State
Tennessee
Year formed
1973
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The leadership of the Plough Foundation knows there are many pressing social and economic needs in our community. We strive to meet those needs in an impactful and sustainable way for the good of the Memphis and Shelby County community.
Total revenues
$6,515,829
2023
Total expenses
$6,169,933
2023
Total assets
$20,582,280
2023
Num. employees
2
2023

Program areas at Plough Foundation

Grant recovery

Grants made by Plough Foundation

GranteeGrant descriptionAmount
Metropolitan Inter-Faith Association (MIFA)Program Support$1,500,000
Memphis Library FoundationProgram Support$1,000,000
Memphis Brooks Museum of ArtProgram Support$200,000
...and 1 more grant made

Who funds Plough Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mid-South LionsProvide Vision Care for Shelby County$30,000

Personnel at Plough Foundation

NameTitleCompensation
Diane RudnerChief Executive Officer and Trustee$0
Robert WallaceChief Operating Officer and Chief Financial Officer$218,824
Allen MastTruist Bank Trustee Agent
Joann ChristianExecutive Assistant$164,827
Patti LindbladTruist Bank Trustee Agent
...and 4 more key personnel

Financials for Plough Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$650,001
Net rental income$0
Net gain from sale of non-inventory assets$5,865,828
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,515,829

Form 990s for Plough Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-18990PFView PDF
2022-122023-05-15990PFView PDF
2021-122022-05-20990PFView PDF
2020-122021-08-10990PFView PDF
2019-122021-06-09990PFView PDF
...and 8 more Form 990s
Data update history
August 30, 2024
Posted financials
Added Form 990PF for fiscal year 2023
August 29, 2024
Updated personnel
Identified 2 new personnel
August 14, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 19, 2023
Posted financials
Added Form 990PF for fiscal year 2022
May 25, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
HealthDiseases and disorders
Characteristics
Provides grantsState / local levelTax deductible donationsAccepts online donations
General information
Address
495 Monteigne Blvd
Memphis, TN 38103
Metro area
Memphis, TN-MS-AR
County
Shelby County, TN
Website URL
plough.org/ 
Phone
(901) 521-2779
IRS details
EIN
23-7175983
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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