UNION CITY, TN
Bill And Carol Latimer Charitable Foundation
Quick Facts
- EIN
- 203450991
- Location
- UNION CITY, TN
- Category
- Education
- Total Assets
- $177.8M
- Annual Income
- $66.8M
- IRS Ruling Year
- 2006
- Organization Type
- Corporation
- Principal Officer
- % William H Latimer Iii
- Tax Deductibility
- Contributions are deductible
About This Foundation
Bill And Carol Latimer Charitable Foundation is a private corporation based in UNION CITY, TN. The foundation received its IRS ruling in 2006. The principal officer is % William H Latimer Iii. It holds total assets of $177.8M. Annual income is reported at $66.8M. The foundation operates in the area of education. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$8.7M
2023+14%
Total Assets
$161M
2023+14%
Fair Market Value
$181.1M
2023
Net Worth
$161M
2023
Grants Paid
$7.6M
2023
Contributions
$8.6M
2023
Net Investment Income
$18.9M
2023
Distribution Amount
$8.6M
2023
Total Giving by Year
$6M
11$11.9M
12$15.4M
13$13.8M
14$4.6M
15$5.1M
19$6.3M
20$5.9M
21$7.6M
22$8.7M
23Asset Growth
$124.6M
11$116.2M
12$100.7M
13$97.8M
14$97.8M
15$99.9M
19$101M
20$129.8M
21$141.2M
22$161M
23Investment Portfolio (2023)
Total: $58.2M
Corporate Stock: $58.2M
Other Investments: $100.9M
Cash: $260K
Corporate Stock (37%)
Other Investments (63%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$7.6M
Depreciation$354
Revenue Sources (2023)
- Other Income
- $15.1M
- Contributions
- $8.6M
- Capital Gains (Net)
- $3M
- Dividends
- $1.4M
- Gross Rents
- $430K
- Interest
- $8K
Financial Details (2023)
- Total Revenue
- $28.5M
- Total Expenses
- $8.7M
- Exempt Purpose Expenses
- $8.7M
- Required Distribution
- $8.6M
- Undistributed Income
- $0
- Total Liabilities
- $1
- Excise Tax
- $262K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$10.6M
Average Grant
$211K
Median Grant
$15K
Total Giving by Year
$4M (3 grants)
21$6.5M (47 grants)
22Grant Range
Min$500
Max$3M
Median: $15K
Smallest grantLargest grant
Openness to New Grantees (2022)
96%
of 2022 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $25K (1)
MA
MA: $4K (1)
CT
RI
OR
NV
WY
SD
IA
IL
IL: $4K (1)
IN
IN: $10K (1)
OH
PA
PA: $575K (1)
NJ
NJ: $1.2M (2)
CA
UT
CO
CO: $35K (1)
NE
MO
MO: $106K (3)
KY
KY: $3M (4)
WV
VA
VA: $4K (1)
MD
DE
DC
AZ
NM
KS
AR
TN
TN: $2M (22)
NC
NC: $1.1M (5)
SC
OK
LA
MS
AL
GA
GA: $204K (2)
FL
FL: $2.3M (5)
HI
TX
KY$3M (4)
FL$2.3M (5)
TN$2M (22)
NJ$1.2M (2)
NC$1.1M (5)
PA$575K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Asbury Theological SeminaryRELIGIOUS | Lexington, KY | $3M | 2022 |
| First Methodist ChurchRELIGIOUS | Union City, TN | $770K | 2022 |
| American Bible SocietyRELIGIOUS | Philadelphia, PA | $575K | 2022 |
| Building Miracles GuatamalaRELIGIOUS | Murfreesboro, TN | $400K | 2022 |
| Christian Community FoundationRELIGIOUS | Memphis, TN | $240K | 2022 |
| Teach Every NationRELIGIOUS | Atlanta, GA | $200K | 2022 |
| Foundation In ChristRELIGIOUS | Naples, FL | $200K | 2022 |
| Mission Voice WorkRELIGIOUS | Moorestown, NJ | $180K | 2022 |
| Second Baptist Church Union CityRELIGIOUS | Union City, TN | $164K | 2022 |
| The Refuge ChurchRELIGIOUS | Union City, TN | $152K | 2022 |
| First Baptist - SarasotaRELIGIOUS | Sarasota, FL | $107K | 2022 |
| Fellowship Of Christian AthleticsEDUCATIONAL | Kansas City, MO | $100K | 2022 |
| Lifebeat Family Resource CenterEDUCATIONAL | Tiptonville, TN | $54K | 2022 |
| Ut Dental CenterEDUCATIONAL | Memphis, TN | $50K | 2022 |
| Reboot RecoveryRELIGIOUS | Pleasant View, TN | $38K | 2022 |
| Young LifeEDUCATIONAL | Colorado Springs, CO | $35K | 2022 |
| Student Loan Program - Bayleigh PowersEDUCATIONAL | Union City, TN | $30K | 2022 |
| Bridge Community ChurchRELIGIOUS | Long Island, NY | $25K | 2022 |
| Samaritan'S PurseRELIGIOUS | Boone, NC | $18K | 2022 |
| Iglesia Methodist CubaRELIGIOUS | Waynesville, NC | $18K | 2022 |
| Student Loan Program - Coltyn SensingEDUCATIONAL | Union City, TN | $18K | 2022 |
| The Bridge Of West TennesseeRELIGIOUS | Union City, TN | $15K | 2022 |
| Union UniversityEDUCATIONAL | Jackson, TN | $15K | 2022 |
| Hope Center MinistriesRELIGIOUS | Jackson, TN | $11K | 2022 |
| Student Loan Program - Jacob E HartsfieldEDUCATIONAL | Union City, TN | $11K | 2022 |
| Utm ScholarshipEDUCATIONAL | Martin, TN | $10K | 2022 |
| World Gospel MissionRELIGIOUS | Marion, IN | $10K | 2022 |
| Cumberland Presbyterian Church Union CityRELIGIOUS | Union City, TN | $5K | 2022 |
| Reelfoot Rural MinistriesRELIGIOUS | Obion, TN | $5K | 2022 |
| Billy Graham Training CenterRELIGIOUS | Ashville, NC | $5K | 2022 |
| StrawmarketingEDUCATIONAL | Jefferson City, MO | $5K | 2022 |
| Union City High School ScholarshipEDUCATIONAL | Union City, TN | $5K | 2022 |
| Brooks Chapel MinistriesRELIGIOUS | Fulton, KY | $4K | 2022 |
| Ascrs FoundationEDUCATIONAL | Fairfax, VA | $4K | 2022 |
| Tennessee Baptist Children'S HomesEDUCATIONAL | Brentwood, TN | $4K | 2022 |
| West Jackson Baptist ChurchRELIGIOUS | Jackson, TN | $4K | 2022 |
| Surgery On SundayEDUCATIONAL | Lexington, KY | $4K | 2022 |
| Moody Church MediaRELIGIOUS | Chicago, IL | $4K | 2022 |
| Ministries Of Divine MercyRELIGIOUS | Stockbridge, MA | $4K | 2022 |
| Iron Bridge WoodshopEDUCATIONAL | Lexington, KY | $4K | 2022 |
| Fossett EvangelisticRELIGIOUS | Dalton, GA | $4K | 2022 |
| Inca Link Int'LRELIGIOUS | Boone, NC | $4K | 2022 |
| Downline MinistriesRELIGIOUS | Memphis, TN | $4K | 2022 |
| Crosswinds ChurchRELIGIOUS | Union City, TN | $4K | 2022 |
| Louis And Gloria Flanzer TrustEDUCATIONAL | Sarasota, FL | $3K | 2022 |
| Iglesia Pentecostal ChurchRELIGIOUS | Weldon Spring, MO | $1K | 2022 |
| Ee Prison MinistriesRELIGIOUS | Sarasota, FL | $500 | 2022 |
| Favor AfricaRELIGIOUS | Bradenton, FL | $2M | 2021 |
| Samaritan'S PurseRELIGIOUS | Boone, NC | $1M | 2021 |
| Mission Voice WorkRELIGIOUS | Moorestown, NJ | $1M | 2021 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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