Gail M Latimer Foundation
Gail M Latimer Foundation is a private foundation, based in Union City, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $28K in total assets. In 2025, it awarded 5 grants totaling $23K. Net investment income was $6.
Gail M Latimer Foundation at a glance
In short: Gail M Latimer Foundation gave $23K across 5 grants in 2025 (avg $5K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $23,100
- -60.6% vs 2024
- Grants made (2025)
- 5
- -28.6% vs 2024
- Average grant
- $4,620
- -44.9% vs 2024
- Median grant
- $2,000
- Total assets
- $27,937
- -48.7% vs 2024
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gail M Latimer Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was The University of Tennessee Foundation ($15K). Together the top 5 received $23K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Gail M Latimer Foundation gives
- Giving fell 64% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2025, annual grant giving ranged from $12K (2021) to $64K (2022). In 2025 it made 5 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Tennessee Foundation Knoxville, TN | Benevolence | $15,000 |
| Beulah Baptist Assocation Union City, TN | Benevolence | $5,000 |
| Chimes for Charity Union City, TN | Benevolence | $2,000 |
| Union City Rotary Scholarship Fund Union City, TN | Benevolence | $1,000 |
| Union City First Methodist Church Union City, TN | Benevolence | $100 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $27,937 | $6 | $26,496 | $23,100 | 5 | $23,100 | $6 | $1,825 |
| 2024 | $54,427 | $52,439 | $61,235 | $58,700 | 7 | $58,700 | $42 | $2,555 |
| 2023 | $63,223 | $18,929 | $26,080 | $24,000 | 1 | $24,000 | $377 | $3,077 |
| 2022 | $70,374 | $62,735 | $65,445 | $63,650 | 10 | $63,650 | $1,657 | $3,813 |
| 2021 | $73,084 | $5 | $13,840 | $12,050 | 2 | $12,050 | $5 | $4,002 |
| 2020 | $86,919 | $60,280 | $58,509 | $56,700 | 6 | — | $8 | $2,630 |
Under IRS private-foundation payout rules, Gail M Latimer Foundation reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gail M Latimer Foundation is led by Gail M. Latimer, Director President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gail M. Latimer
Director President
On filings since 2020
1 hr/week
No compensation reported
John L. Warner Jr.
Director Secretary
On filings since 2020
No compensation reported
William Bonner Latimer
Director Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gail M Latimer Foundation
How much does Gail M Latimer Foundation give each year?
Gail M Latimer Foundation gave $23K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $59K across 7 grants.
What is Gail M Latimer Foundation's typical grant size?
Gail M Latimer Foundation's median grant in 2025 was $2,000, and its average grant was $4,620, across 5 grants on its 2025 IRS Form 990-PF.
Where does Gail M Latimer Foundation give grants?
Gail M Latimer Foundation gives mostly in Tennessee: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Union City, TN (4 grants).
Does Gail M Latimer Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Gail M Latimer Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Benevolence" (5 grants).
Who are Gail M Latimer Foundation's largest grantees?
Gail M Latimer Foundation's largest 2025 grantees include The University of Tennessee Foundation ($15,000), Beulah Baptist Assocation ($5,000) and Chimes for Charity ($2,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is Gail M Latimer Foundation?
Gail M Latimer Foundation reported $28K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is Gail M Latimer Foundation's EIN?
Gail M Latimer Foundation's EIN (Employer Identification Number) is 62-1742273. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 11, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
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