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Jack D Gallaher Charitable Trust is a private trust based in KNOXVILLE, TN. The foundation received its IRS ruling in 1995. The principal officer is Pinnacle Bank Jim Baugh. It holds total assets of $1.9M. Annual income is reported at $2.4M. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Jack D Gallaher Charitable Trust has made 5 grants totaling $408K, with a median grant of $82K. The foundation has distributed between $70K and $176K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $176K distributed across 2 grants. Individual grants have ranged from $70K to $88K, with an average award of $82K. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Jack D Gallaher Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TN.
Jack D Gallaher Charitable Trust has distributed a total of $408K across 5 grants. The median grant size is $82K, with an average of $82K. Individual grants have ranged from $70K to $88K.
Jack D Gallaher Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Jack D Gallaher Charitable Trust is headquartered in KNOXVILLE, TN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Pinnacle Bank | CO-TRUSTEE | $18K | $0 | $18K |
| Tommy Holmes | CO-TRUSTEE | $3K | $0 | $3K |
| Edgar Faust | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$103K
Total Assets
$1.8M
Fair Market Value
$1.8M
Net Worth
$1.8M
Grants Paid
$82K
Contributions
N/A
Net Investment Income
$38K
Distribution Amount
$89K
Total: $1.6M
Total Grants
5
Total Giving
$408K
Average Grant
$82K
Median Grant
$82K
Unique Recipients
1
Most Common Grant
$88K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Marietta Cumberland Presbyterian ChurchCHURCH OPERATING EXPENSES | Knoxville, TN | $82K | 2023 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN