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.
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
The foundation does not maintain a public website or publicly listed phone/email contact. Applicants must contact the foundation via mail to the address below.
Grant Range
$5,000 to $1.0 million
How to Apply
**
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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
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 |
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
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Christian Foundation ($3,000,000), Teach Every Nation ($2,000,000), Asbury Theological Seminary ($1,003,750).
| Recipient | Purpose | Amount |
|---|---|---|
| AGAPE HOUSE MARTIN, TN | RELIGIOUS | $20,000 |
| AMERICAN FAMILY ASSOCATION TUPELO, MS | EDUCATIONAL | $50,000 |
| ASBURY THEOLOGICAL SEMINARY LEXINGTON, KY | RELIGIOUS | $1,003,750 |
| BE THE PEOPLE BRENTWOOD, TN | RELIGIOUS | $3,750 |
| BEULAH BAPTIST ASSOCIATION UNION CITY, TN | RELIGIOUS | $6,500 |
| BEYOND UGANDA PADUCAH, KY | RELIGIOUS | $5,000 |
| BOYS SCOUT COTTAGE NASHVILLE, TN | EDUCATIONAL | $885 |
| BROOKS CHAPEL MINISTRIES FULTON, KY | RELIGIOUS | $4,608 |
| CHRIST COMMUNITY CHURCH JACKSON, TN | RELIGIOUS | $3,750 |
| CHRISTIAN COMMUNITY FOUNDATION MEMPHIS, TN | RELIGIOUS | $300,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William H. Latimer III: Principal Officer/Trustee
Compensation Overview
From 2024 IRS filing
From 2024 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?
**Grant Activity:** • Annual giving: $12.1 million (2024) • Total assets: $177.8 million (2024) • Grant range: $5,000 to $1.0 million • 47 awards in 2022 • 164 grants totaling $24.2 million on record, with a median grant of $10,000 • Individual grants have ranged from $305 to $3 million, with an average award of $148,000 **Recent Notable Grants (2023):** • Asbury Theological Seminary: $4,500,000 • Teach Every Nation USA: $1,000,000 • The Generosity Trust: $500,000 **Application Process:** The f…
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 June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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