First Horizon Foundation
First Horizon Foundation is a private foundation, based in Memphis, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $55.2M in total assets. In 2024, it awarded 1 grant totaling $18.6M. Net investment income was $10.9M.
First Horizon Foundation at a glance
In short: First Horizon Foundation gave $18.6M across 1 grant in 2024 (avg $18.6M), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $18,607,566
- +18.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $18,607,566
- +18.4% vs 2023
- Median grant
- $18,607,566
- Total assets
- $55,164,477
- -11.7% vs 2023
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
How to apply to First Horizon Foundation
Open Grants
15 open opportunities from First Horizon Foundation
First Horizon Foundation (New York) Grant
First Horizon Foundation
Amount
Varies
Deadline
Deadline not published
First Horizon Foundation (Northwest Mississippi) Grant
First Horizon Foundation
Amount
Varies
Deadline
Deadline not published
First Horizon Foundation Grant (Alabama)
First Horizon Foundation
Amount
Varies
Deadline
Deadline not published
Who First Horizon Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Various - See Statement 18 for Detail ($18.6M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How First Horizon Foundation gives
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 969% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10.4M (2020) to $18.6M (2024). In 2024 it made 1 grant totaling $18.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various - See Statement 18 for Detail Memphis, TN | General Operating Funds | $18,607,566 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $55,164,477 | $11,636,315 | $23,475,474 | $18,607,566 | 1 | $18,607,566 | $10,879,970 | $1,919,962 |
| 2023 | $62,477,203 | $62,188,326 | $16,055,121 | $15,709,765 | 1 | $15,709,765 | $1,716,742 | $2,928,579 |
| 2022 | $21,492,415 | $1,860,431 | $25,144,712 | $17,825,653 | 1 | $17,825,653 | $1,204,257 | $1,900,616 |
| 2021 | $37,840,936 | $11,265,846 | $16,620,694 | $16,265,014 | 1 | $16,265,014 | $2,733,740 | $2,727,504 |
| 2020 | $43,866,855 | $29,227,930 | $10,707,537 | $10,383,371 | 1 | — | $879,175 | $2,330,595 |
Under IRS private-foundation payout rules, First Horizon Foundation reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
First Horizon Foundation is led by Elizabeth A. Ardoin, President & Director since 2023 (on filings since 2021); 1 of 9 officers listed in 2024 is compensated.
Officers on the 2024 filing
Elizabeth A. Ardoin
President & Director
Director → President & Director, 2023
On filings since 2021
No compensation reported
Charles G. Burkett
Chairman & Director
On filings since 2020
$160K (2020) → $160K (2024)
David Miller
Director
On filings since 2021
No compensation reported
Hope Dmuchowski
Director
On filings since 2021
No compensation reported
Adella M. Heard
Vice President, Secretary & Director
On filings since 2023
No compensation reported
Tanya L. Hart
Director
On filings since 2023
No compensation reported
Lang Wiseman
Director
New on the 2024 filing
No compensation reported
Lockie D. Wade
Contributions Manager
Contributions Manager → Contributions Manager & Officer, 2021
Contributions Manager & Officer → Contributions Manager, 2023
On filings since 2020
No compensation reported
Walter Doggett
Treasurer & CFO
On filings since 2023
No compensation reported
Former officers (8)
- Former: Charles T. Tuggle Jr. (2020–2023) — Director
- Former: Elizabeth P. Trotter (2021–2023) — Vice President & Special Contribution Reques
- Former: Clyde A. Billings Jr. (2020–2022) — Vice President, Secretary & Director
- Former: Gregg I. Lansky (2020–2022) — President, Treasurer, CFO & Director
- Former: Tammy Locascio (2020–2022) — Director
- Former: Beth S. Ardonin (2020) — Director
- Former: Dave Miller (2020) — Director
- Former: William C. Losch III (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $160K, to Charles G Burkett (Chairman/Director).
Frequently asked questions about First Horizon Foundation
How much does First Horizon Foundation give each year?
First Horizon Foundation gave $18.6M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15.7M across 1 grant.
How large is First Horizon Foundation?
First Horizon Foundation reported $55.2M in total assets on its 2024 IRS Form 990-PF. It paid out $18.6M in qualifying distributions that year, against a required minimum of $1.9M (roughly 5% of its investment assets).
Where does First Horizon Foundation operate?
First Horizon Foundation has awarded grants in Tennessee.
What is First Horizon Foundation's EIN?
First Horizon Foundation's EIN (Employer Identification Number) is 62-1533987. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in First Horizon Foundation's focus areas in our free grants database
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Figures come from First Horizon Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
First Horizon Foundation down — hundreds of funders to go?