Tim and Gail Buchanan Family Foundation
Tim and Gail Buchanan Family Foundation is a private foundation, based in Wichita, KS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $964K in total assets. Net investment income was $67K.
Key facts about Tim and Gail Buchanan Family Foundation
- EIN
- 45-5571106
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $963,847
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$964K
-0.9% YoY
Revenue
$75K
-68.9% YoY
Net Investment Income
$67K
-67.0% YoY
Expenses
$59K
-76.2% YoY
Under IRS private-foundation payout rules, Tim and Gail Buchanan Family Foundation reported a distributable amount of $146K for 2024 — the minimum it must pay out in qualifying distributions.
How Tim and Gail Buchanan Family Foundation gives
- Giving grew 838% from 2020 to 2023. Method
- In 2023 it paid out 200% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $25K (2020) to $235K (2023). In 2023 it made 4 grants totaling $235K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 15 grants of 18 (83%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $963,847 | $972,285 | $1,116,344 |
| Revenue | $74,576 | $239,428 | $135,072 |
| Expenses | $58,951 | $247,209 | $203,451 |
| Qualifying Distributions | — | $235,000 | $145,000 |
| Net Investment Income | $66,797 | $202,216 | $69,704 |
| Distributable Amount | $146,359 | $117,359 | $116,029 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Tim and Gail Buchanan Family Foundation is led by Tim Buchanan, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Tim Buchanan
President & Director
On filings since 2020
1 hr/week
No compensation reported
George Bruce
Secretary, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Meredith Buchanan
Vice President
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Tim and Gail Buchanan Family Foundation
How large is Tim and Gail Buchanan Family Foundation?
Tim and Gail Buchanan Family Foundation reported $964K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $75K.
Where does Tim and Gail Buchanan Family Foundation operate?
Tim and Gail Buchanan Family Foundation has awarded grants in Colorado, Florida, Illinois, Kansas.
How much is Tim and Gail Buchanan Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tim and Gail Buchanan Family Foundation reported a distributable amount of $146K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tim and Gail Buchanan Family Foundation's EIN?
Tim and Gail Buchanan Family Foundation's EIN (Employer Identification Number) is 45-5571106. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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