Carol Foundation
GALLATIN, TN EIN: 26-0053395
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$2.0M
+3.4% YoY
Annual Giving
$56K
-16.4% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$7K
-16.4% YoY
Go deeper than public filings
PRO- Giving trend analysis — growing or declining?
- Organizations like yours that won grants here
- Strategic fit assessment for your organization
- Application timing recommendations
Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,001,559 | $1,935,919 | $1,709,743 |
| Revenue | $199,529 | $365,345 | $245,385 |
| Expenses | $130,007 | $134,465 | $156,561 |
| Qualifying Distributions | $94,067 | $100,650 | $119,076 |
| Net Investment Income | $163,589 | $331,530 | $207,900 |
| Distributable Amount | $102,068 | $93,148 | $100,606 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Carol Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
- Similar orgs that won grants here
- GrantGraph™ relationship mapping
- 11M+ connections in GrantGraph™
Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carol Martin | Trustee | 4 | $5,000 |
| Dwight Martin | Sec Treas | 12 | $15,000 |
| Joy Henderson | President | 6 | $10,000 |
| Lorrie Gideon | Trustee | 4 | $5,000 |
| Melissa Black | Trustee | 4 | $5,000 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Tennessee $164K (53%)
North Carolina $45K (14%)
Pennsylvania $38K (12%)
Colorado $30K (10%)
Indiana $22K (7%)
Texas $5K (2%)
Wyoming $5K (2%)
New Mexico $3K (1%)
Cities
AlbuquerqueAntiochBooneCoatesvilleCoatsvilleColorado SpringsGallatinGoshenGpshenGreensboroGreenvilleHendersonvilleLaramieLebanonNashvilleTownsendTylerWhitehouse
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
What could you do with Carol Foundation on Grantable?
- Assess strategic fit with your organization
- Get AI-generated opportunity briefs
- Monitor for new funding opportunities
- Draft a tailored letter of inquiry