The Tennessee State Capitol

Form 990-PFTax year 2025EIN 26-0053395

Carol Foundation

A private foundation in Gallatin, TN. Its return for tax year 2025 lists 9 grants and $68,000 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

6 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $68,000

    Grants listed
    9
    Assets, end of year
    $2,044,497
  • Tax year 2024

    $56,000

    Grants listed
    8
    Assets, end of year
    $2,001,559
  • Tax year 2023

    $67,000

    Grants listed
    8
    Assets, end of year
    $1,935,919
  • Tax year 2022

    $80,000

    Grants listed
    9
    Assets, end of year
    $1,709,743
  • Tax year 2021

    $56,500

    Grants listed
    10
    Assets, end of year
    $1,622,102
  • Tax year 2020

    $52,000

    Grants listed
    9
    Assets, end of year
    $1,654,269

Grants paid in 2025

9 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Got Questions MinistriesColorado Springs, CO

    Fund Opertations

    $10,000
  2. Men of ValorAntioch, TN

    Operating Expenses

    $10,000
  3. Individual

    Operating Funds

    $10,000
  4. Individual

    Care for babies and young mothers

    $10,000
  5. Individual

    Trainin g And Salaries

    $7,000
  6. Childrens Bible MinistriesTownsend, TN

    Train Missionaries

    $6,000
  7. Samaritans PurseBoone, NC

    Hurricane Relief

    $5,000
  8. Cumberland Chrisis Pregnancy CenterHendersonville, TN

    Care for young mothers and babies

    $5,000
  9. Individual

    Fund operations

    $5,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Religion2 grants $15,00060% of the total
  2. Crime and legal aid1 grant $10,00040% of the total

By State

Grants to organizations with a US address, latest year.

  1. Tennessee3 grants $21,000
  2. Colorado1 grant $10,000
  3. North Carolina1 grant $5,000

Officers, directors and trustees

5 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Carol MartinTrustee Hours 4Pay $5,000
  • Dwight MartinSec Treas Hours 12Pay $15,000
  • Joy HendersonPresident Hours 6Pay $10,000
  • Lorrie GideonTrustee Hours 4Pay $5,000
  • Melissa BlackTrustee Hours 4Pay $5,000

The return

More foundations

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Same main cause (religion), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. D and M Howell FoundationFarragut, TN 7 grants Preselected only $69,000 giving
  2. Reginald Wurzburg FoundationMemphis, TN 17 grants Preselected only $64,150 giving
  3. Car Foundation IncNashville, TN 2 grants Preselected only $60,500 giving
  4. Rinker Family FoundationFranklin, TN 9 grants Preselected only $59,000 giving
  5. William H & Ella W McMahan FoundationFranklin, TN 13 grants Accepts applications $78,400 giving