Tim and Gail Buchanan Family Foundation

Private foundation · Grantmaker Wichita, KS EIN: 45-5571106

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

4states

Cities

WichitaColorado SpringsOlatheChicagoSarasota

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K2 grants2020 7 grants2021 5 grants2022 4 grants2023 0 grants2024

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

15<$50K$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

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

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 21, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
  6. 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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