The Bill and Carol Latimer Charitable Foundation is a private family foundation established in 2005 by Union City residents Bill and Carol Latimer, receiving 501(c)(3) designation in September 2006. Based in Union City, Tennessee, the foundation operates as an independent charitable organization focused on transformational giving within its region.
Key facts about Bill and Carol Latimer Charitable
- EIN
- 20-3450991
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $10,337,017
- Grants made (2024)
- 52
- Average grant
- $198,789
- Median grant
- $20,000
- New grantees (estimate)
- 38% first-time grantees (20 of 52, 2024)
- Total assets
- $177,771,513
- Primary geography
- Georgia (48% of itemized 2024 grant dollars)
- How to apply
- The foundation does not maintain a public website or publicly listed phone/email contact. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Bill and Carol Latimer Charitable funds
By grant dollars, the top recipient states for Bill and Carol Latimer Charitable's 52 itemized 2024 grants were Georgia (48%), Tennessee (14%) and Kentucky (11%). The most frequent recipient cities were Union City, TN (9 grants), Jackson, TN (4 grants), Memphis, TN (3 grants) and Lexington, KY (2 grants). None of its 52 grants with a stated purpose were described as general or operating support. Recurring purposes include "Religious" (38 grants) and "Educational" (14 grants).
Is Bill and Carol Latimer Charitable open to new grantees?
38%
first-time grantees, 2024
In 2024, 20 of 52 grantees (38%) were first-time recipients. First grants averaged $242K; repeat grants $172K. How we count
Medians: $25K first-time, $16K repeat.
- 52% of 2024 grantees were also funded in 2023. Method
- Giving grew 96% from 2021 to 2024. Method
- In 2024 it paid out 122% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Bill and Carol Latimer Charitable
- How to evaluate Bill and Carol Latimer Charitable as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$177.8M
+10.4% YoY
Annual Giving
$10.3M
+36.0% YoY
Grant Count
52
+57.6% YoY
Avg Grant Size
$199K
-13.7% YoY
Under IRS private-foundation payout rules, Bill and Carol Latimer Charitable reported a distributable amount of $9.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's philanthropic philosophy centers on addressing unmet needs in Obion County and surrounding areas of Northwest Tennessee. According to Bill Latimer, "Carol and I believe that if God has blessed you, then you need to use his blessings to bless others. We believe in education, and we believe that is the best way to help get people out of poverty."
Primary funding priorities include:
- Christian Churches and Religious Organizations: Substantial grants to Christian churches, seminaries, and faith-based organizations
- Human Services: Support for human services initiatives
- Education: Scholarships and student loans for high school graduates from Obion, Weakley, and Lake County, Tennessee, pursuing college or technical education
Grantmaking
Grant Range
$5,000 to $1.0 million
How to Apply
**
Ready to take the next step with Bill and Carol Latimer Charitable?
Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Obion County, Tennessee (primary focus)
- Weakley County, Tennessee
- Lake County, Tennessee
- Northwest Tennessee region
Secondary funding regions include Tennessee, Kentucky, and Florida, with these three states accounting for approximately 65% of all grants.
Grant Distribution by State
Share of all 52 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $177.8 million (2024)
- Total assets: $161.0 million (2023)
- Total assets: $124.6 million (2011)
- Asset growth: 82% increase from $97.8 million (2015) to $177.8 million (2024)
- Annual income: $66.8 million (2024)
- Total revenues: $28.5 million (2023)
- Total expenses: $8.7 million (2023)
- Annual giving: $13.1 million (2022)
- Annual giving: $5.9 million (2020)
Tax Information:
- EIN: 20-3450991
- Tax-exempt status: 501(c)(3)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $177,771,513 | $161,006,492 | $141,162,753 |
| Revenue | $29,004,151 | $28,531,702 | $29,937,764 |
| Expenses | $12,101,550 | $8,684,848 | $7,631,165 |
| Qualifying Distributions | $12,101,550 | $8,684,494 | $7,631,912 |
| Net Investment Income | $16,701,398 | $18,871,563 | $23,959,202 |
| Distributable Amount | $9,898,368 | $8,616,728 | $7,376,346 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
202 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include National Christian Foundation ($3,000,000), Teach Every Nation ($2,000,000), Asbury Theological Seminary ($1,003,750).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL CHRISTIAN FOUNDATION Alpharetta, GA | RELIGIOUS | $3,000,000 |
| TEACH EVERY NATION Atlanta, GA | RELIGIOUS | $2,000,000 |
| ASBURY THEOLOGICAL SEMINARY Lexington, KY | RELIGIOUS | $1,003,750 |
| CHURCH OF GLAD TIDINGS Yuba City, CA | RELIGIOUS | $500,000 |
| FAVOR AFRICA Bradenton, FL | RELIGIOUS | $500,000 |
| FIRST METHODIST CHURCH Union City, TN | RELIGIOUS | $500,000 |
| REVELATION MEDIA INC Richardson, TX | RELIGIOUS | $500,000 |
| CHRISTIAN COMMUNITY FOUNDATION Memphis, TN | RELIGIOUS | $300,000 |
| NICK V MINISTIRES Plano, TX | RELIGIOUS | $300,000 |
| MISSION VOICE WORK Moorestown, NJ | RELIGIOUS | $250,001 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William H. Latimer III: Principal Officer/Trustee
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William Latimer III | Trustee | — | — |
Contact Information
Mailing Address: 201 West Main Street, Suite E Union City, TN 38261-2132 United States
Phone: 731-885-2888
Website: www.latimerfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Bill and Carol Latimer Charitable fund?
The foundation's philanthropic philosophy centers on addressing unmet needs in Obion County and surrounding areas of Northwest Tennessee. According to Bill Latimer, "Carol and I believe that if God has blessed you, then you need to use his blessings to bless others. We believe in education, and we believe that is the best way to help get people out of poverty." Primary funding priorities include: • **Christian Churches and Religious Organizations**: Substantial grants to Christian churches, sem…
How do I apply for a grant from Bill and Carol Latimer Charitable?
The foundation does not maintain a public website or publicly listed phone/email contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Bill and Carol Latimer Charitable make grants?
The foundation primarily supports organizations in: • Obion County, Tennessee (primary focus) • Weakley County, Tennessee • Lake County, Tennessee • Northwest Tennessee region Secondary funding regions include Tennessee, Kentucky, and Florida, with these three states accounting for approximately 65% of all grants.
What size grants does Bill and Carol Latimer Charitable award?
In 2024, Bill and Carol Latimer Charitable awarded 52 grants totaling $10.3M — an average of about $199K per grant, based on its IRS Form 990 filings.
How much is Bill and Carol Latimer Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bill and Carol Latimer Charitable reported a distributable amount of $9.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bill and Carol Latimer Charitable's EIN?
Bill and Carol Latimer Charitable's EIN (Employer Identification Number) is 20-3450991. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.