First Horizon Foundation

MEMPHIS, TN EIN: 62-1533987

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 grants totaling $18.6M. Net investment income was $10.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$55.2M

-11.7% YoY

Annual Giving

$18.6M

+18.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$18.6M

+18.4% YoY

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.

About First Horizon Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $78.8M (100%)

States

Tennessee

Cities

Memphis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$55,164,477	$62,477,203	$21,492,415
Revenue	$11,636,315	$62,188,326	$1,860,431
Expenses	$23,475,474	$16,055,121	$25,144,712
Qualifying Distributions	$18,607,566	$15,709,765	$17,825,653
Net Investment Income	$10,879,970	$1,716,742	$1,204,257
Distributable Amount	$1,919,962	$2,928,579	$1,900,616

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Open Grants

15 open opportunities from First Horizon Foundation

Show all 15 →

Foundation

First Horizon Foundation (New York) Grant

First Horizon Foundation

Amount

Varies

Deadline

Rolling / Open

Foundation

First Horizon Foundation (Northwest Mississippi) Grant

First Horizon Foundation

Amount

Varies

Deadline

Rolling / Open

Foundation

First Horizon Foundation Grant (Alabama)

First Horizon Foundation

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Various - See Statement 18 for Detail ($18,607,566).

Recipient	Purpose	Amount
VARIOUS - SEE STATEMENT 18 FOR DETAIL Memphis, TN	GENERAL OPERATING FUNDS	$18,607,566

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HOPE DMUCHOWSKI	DIRECTOR	—	—
WALTER DOGGETT	TREASURER/CFO	—	—
DAVID MILLER	DIRECTOR	—	—
ELIZABETH A ARDOIN	PRESIDENT/DIRECTOR	—	—
CHARLES G BURKETT	CHAIRMAN/DIRECTOR	—	$160,000
LOCKIE D WADE	CONTRIBUTIONS MGR	—	—
ADELLA M HEARD	VP/SECRETARY/DIRECTOR	—	—
TANYA L HART	DIRECTOR	—	—
LANG WISEMAN	DIRECTOR	—	—

Frequently Asked Questions

How large is First Horizon Foundation?

As of 2024, First Horizon Foundation holds $55.2M in total assets with $11.6M in annual revenue. It awarded 1 grants totaling $18.6M in 2024.

Where does First Horizon Foundation operate?

First Horizon Foundation has awarded grants in Tennessee.

What size grants does First Horizon Foundation award?

In 2024, First Horizon Foundation awarded 1 grants totaling $18.6M — an average of about $18.6M per grant, based on its IRS Form 990 filings.

How much is First Horizon Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, First Horizon Foundation reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.