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    3. Oakley First National Foundation

    Oakley First National Foundation

    ActiveEducation
    COOKEVILLE, TN9315269726EIN: 20-14432773 filings on record

    About Oakley First National Foundation

    The Oakley First National Foundation concentrates almost all of its funding on higher education in Tennessee, with particularly large, repeated support for nearby Cumberland University. Grants are primarily directed to regional public and private universities and individual educational recipients, suggesting a focus on student support and university programs that benefit the local Cookeville/Tennessee community. The foundation’s giving is mission-focused and regionally concentrated rather than broadly distributed across issue areas.

    Focus Areas

    Cumberland University — major institutional support and likely scholarships/program fundingPublic regional universities in Tennessee (e.g., Tennessee Tech, East Tennessee University) — program and institutional grantsIndividual educational awards or scholarships (e.g., Maci Massa)

    Who They Fund

    regional public universities in Tennessee (e.g., Tennessee Tech, East Tennessee University)regional private university (Cumberland University)individual students/scholars (scholarship recipients)Cookeville/Tennessee local community

    About Oakley First National Foundation

    Oakley First National Foundation’s recent giving is anchored by a $241,250 grant to Cumberland University in Lebanon, Tennessee, followed by another $40,000 award to the same school the prior year. That repeated support stands out in a grant record centered on higher education across Tennessee. The foundation’s largest grants also include awards to Tennessee Tech University in Cookeville and East Tennessee University in Johnson City, showing a clear pattern of institutional support for regional universities rather than a broad set of causes. Smaller grants extend that same education focus to individual recipients such as Maci Massa, indicating that the foundation funds both campus-level programs and student-level support. Across the latest grants on file, every recipient is in Tennessee, and the foundation’s work appears closely tied to the state’s higher education network. The result is a concentrated grantmaking profile built around local universities, recurring relationships, and educational awards within the Cookeville and wider Tennessee area.

    What Oakley First National Foundation Funds

    Higher education is the defining cause area in the foundation’s recent grant record. Cumberland University received $241,250 in 2024 for education, after a $40,000 grant in 2023, suggesting sustained institutional support. Tennessee Tech University also appears as a recurring recipient, with $16,939 in 2024 and $4,595 in 2025 for education. East Tennessee University received $15,624 in 2024 and $14,745 in 2025, reinforcing the same pattern of university-centered giving. The foundation also made direct educational awards to an individual recipient, with $5,000 in 2024 and $4,262 in 2025 to Maci Massa. These grants point to a mix of campus support and individual educational assistance within Tennessee.

    How Oakley First National Foundation Gives

    Typical grant size is clustered around the mid-five-figure range, with a p25 of $4,595, a median of $14,745, and a p75 of $16,939. The recent record shows repeat giving to the same recipients across years, including Cumberland University, Tennessee Tech University, East Tennessee University, and Maci Massa. That pattern suggests ongoing relationships rather than isolated one-time awards. The foundation is not a program-related investor, and it does not fund individuals broadly; the individual awards on file are educational in nature. Its grantmaking is local and entirely in Tennessee among the recent grants provided.

    Financial Snapshot

    Annual Giving

    $347K

    Total Assets

    $74K

    Total Revenue

    $0

    Total Expenses

    $25K

    Typical Grant Size

    Most grants fall between $5K and $17K, with a median of $15K.

    25th Percentile

    $5K

    Median

    $15K

    75th Percentile

    $17K

    Geographic Reach

    Local1 state funded

    About 100% of grants go to recipients in TN.

    Funding intensity
    Low
    High
    Headquarters

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    Giving Approach

    Highly concentrated giving: a few multi-thousand to six-figure grants, repeated funding to the same regional higher-education institutions, with the single largest recipient (Cumberland University) receiving the majority of dollars.

    Funding Style

    mission-focused givingregional/concentration strategyinstitutional support for universitiesdirect student scholarships/individual awardsrepeat/renewal grants to same grantees

    Notable grantees: Cumberland University, East Tennessee University, Tennessee Tech University, Maci Massa

    Topics

    higher education institutional support (regional universities)scholarships and individual educational awardsprogram funding for university departments/initiativesmajor gift support for a single anchor institution (Cumberland University)local community benefit via university-focused investments

    Where Oakley First National Foundation Makes Grants

    All recent grants listed go to recipients in Tennessee, so the recipient-country mix is entirely U.S. and the in-state share is 100%. Lebanon appears as the city for Cumberland University, while Cookeville is represented by Tennessee Tech University and Baxter by Maci Massa. Johnson City is another repeated recipient location through East Tennessee University. The pattern is geographically compact and centered on Tennessee communities connected to higher education.

    Frequently Asked Questions About Oakley First National Foundation

    What is the main focus of Oakley First National Foundation’s giving?

    Its recent grants are centered on higher education in Tennessee. Cumberland University, Tennessee Tech University, East Tennessee University, and individual educational awards all appear in the latest grants, showing a consistent education-oriented pattern.

    Does Oakley First National Foundation give repeat grants to the same recipients?

    Yes. Cumberland University received $241,250 in 2024 after a $40,000 grant in 2023. Tennessee Tech University, East Tennessee University, and Maci Massa also appear in more than one year in the recent grants list.

    What is the typical grant size?

    Typical grant size is relatively concentrated: p25 is $4,595, the median is $14,745, and p75 is $16,939. That places many awards in the mid-four-figure to mid-five-figure range, with one much larger institutional grant to Cumberland University.

    Where do most of the grants go?

    The foundation gives locally, and 100% of the recent grants listed go to recipients in Tennessee. Named recipient cities include Lebanon, Cookeville, Johnson City, and Baxter.

    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    EAST TENNESSEE UNIVERSITYJOHNSON CITY, TN$14,7452025EDUCATION
    TENNESSEE TECH UNIVERSITYCOOKEVILLE, TN$4,5952025EDUCATION
    MACI MASSABAXTER, TN$4,2622025EDUCATION
    CUMBERLAND UNIVERSITYLEBANON, TN$241,2502024EDUCATION
    TENNESSEE TECH UNIVERSITYCOOKEVILLE, TN$16,9392024EDUCATION
    EAST TENNESSEE UNIVERSITYJOHNSON CITY, TN$15,6242024EDUCATION
    MACI MASSABAXTER, TN$5,0002024EDUCATION
    CUMBERLAND UNIVERSITYLEBANON, TN$40,0002023EDUCATION
    TENNESSEE TECH UNIVERSITYCOOKEVILLE, TN$4,1132023EDUCATION

    EAST TENNESSEE UNIVERSITY

    $14,745
    JOHNSON CITY, TN2025

    EDUCATION

    TENNESSEE TECH UNIVERSITY

    $4,595
    COOKEVILLE, TN2025

    EDUCATION

    MACI MASSA

    $4,262
    BAXTER, TN2025

    EDUCATION

    CUMBERLAND UNIVERSITY

    $241,250
    LEBANON, TN2024

    EDUCATION

    TENNESSEE TECH UNIVERSITY

    $16,939
    COOKEVILLE, TN2024

    EDUCATION

    EAST TENNESSEE UNIVERSITY

    $15,624
    JOHNSON CITY, TN2024

    EDUCATION

    MACI MASSA

    $5,000
    BAXTER, TN2024

    EDUCATION

    CUMBERLAND UNIVERSITY

    $40,000
    LEBANON, TN2023

    EDUCATION

    TENNESSEE TECH UNIVERSITY

    $4,113
    COOKEVILLE, TN2023

    EDUCATION