Gail M Latimer Foundation
Gail M Latimer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in UNION CITY, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $54K in total assets. In 2024, it awarded 7 grants totaling $59K. Net investment income was $42.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$54K
-13.9% YoY
Annual Giving
$59K
+144.6% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$8K
-65.1% YoY
Under IRS private-foundation payout rules, Gail M Latimer Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Gail M Latimer Foundation
Based on IRS filings
Gail M Latimer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in UNION CITY, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $54K in total assets. In 2024, it awarded 7 grants totaling $59K. Net investment income was $42.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $54,427 | $63,223 | $70,374 |
| Revenue | $52,439 | $18,929 | $62,735 |
| Expenses | $61,235 | $26,080 | $65,445 |
| Qualifying Distributions | $58,700 | $24,000 | $63,650 |
| Net Investment Income | $42 | $377 | $1,657 |
| Distributable Amount | $2,555 | $3,077 | $3,813 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Tennessee Foundation ($25,000), Union City First Methodist Church ($20,200), Hometown Walk of Hope ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE UNIVERSITY OF TENNESSEE FOUNDATION KNOXVILLE, TN | BENEVOLENCE | $25,000 |
| UNION CITY FIRST METHODIST CHURCH UNION CITY, TN | BENEVOLENCE | $20,200 |
| HOMETOWN WALK OF HOPE UNION CITY, TN | BENEVOLENCE | $10,000 |
| HABITAT FOR HUMANITY UNION CITY, TN | BENEVOLENCE | $1,000 |
| TRUDY'S KIDS CAFE UNION CITY, TN | BENEVOLENCE | $1,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES UNION CITY, TN | BENEVOLENCE | $1,000 |
| WESTMINSTER PRESBYTERIAN CHURCH KNOXVILLE, TN | BENEVOLENCE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GAIL M LATIMER | DIRECTOR PRESIDENT | 1 | — |
| WILLIAM BONNER LATIMER | DIRECTOR VICE PRESIDENT | — | — |
| JOHN L WARNER JR | DIRECTOR SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gail M Latimer Foundation?
Gail M Latimer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in UNION CITY, TN. It holds $54K in total assets as of 2024.
How large is Gail M Latimer Foundation?
As of 2024, Gail M Latimer Foundation holds $54K in total assets with $52K in annual revenue. It awarded 7 grants totaling $59K in 2024.
Where does Gail M Latimer Foundation operate?
Gail M Latimer Foundation has awarded grants in Tennessee.
What size grants does Gail M Latimer Foundation award?
In 2024, Gail M Latimer Foundation awarded 7 grants totaling $59K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Gail M Latimer Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gail M Latimer Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gail M Latimer Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.