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        <BusinessNameLine1Txt>Alan C Thomason CPA</BusinessNameLine1Txt>
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        <AddressLine1Txt>204 West 4th Street Suite B</AddressLine1Txt>
        <CityNm>Columbia</CityNm>
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        <ZIPCd>38401</ZIPCd>
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      <BusinessName>
        <BusinessNameLine1Txt>THE GILLHAM FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
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      <USAddress>
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        <ZIPCd>38401</ZIPCd>
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    <BusinessOfficerGrp>
      <PersonNm>KELLI C GILLHAM</PersonNm>
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      <SignatureDt>2025-10-13</SignatureDt>
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        <AcctRcvblBOYAmt>3344</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>1591</AcctRcvblEOYAmt>
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        <InvstLandCostOrOtherBasisAmt>404080</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>61845</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsBOYAmt>344821</LandBldgInvestmentsBOYAmt>
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        <LandBOYAmt>2162228</LandBOYAmt>
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        <TotNetAstOrFundBalancesBOYAmt>2765584</TotNetAstOrFundBalancesBOYAmt>
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        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
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        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
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        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
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        <OrgReportOrRegisterStateCd>TN</OrgReportOrRegisterStateCd>
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        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>KELLI GILLHAM</BusinessNameLine1Txt>
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        <PhoneNum>9313811900</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>401 RUTHERFORD LANE</AddressLine1Txt>
          <CityNm>COLUMBIA</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>38401</ZIPCd>
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        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
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      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
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      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>FRED H GILLHAM SR</PersonNm>
          <USAddress>
            <AddressLine1Txt>401 RUTHERFORD LANE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38401</ZIPCd>
          </USAddress>
          <TitleTxt>President/Dir</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KELLI C GILLHAM</PersonNm>
          <USAddress>
            <AddressLine1Txt>401 RUTHERFORD LANE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38401</ZIPCd>
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          <TitleTxt>Sec/Treas/Dir</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
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        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
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        <Description1Txt>ACQUISITION AND PRESERVATION ANTIQUES RELATED TO THE JAMES K. POLK FAMILY.</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
        <Description2Txt>RESTORATION AND PRESERVATION OF HISTORICAL PROPERTIES LOCATED IN MAURY AND WAYNE COUNTIES IN TENNESSEE.</Description2Txt>
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        <CashDeemedCharitableAmt>14655</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>962359</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>48118</MinimumInvestmentReturnAmt>
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        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
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        <QualifyingDistributionsAmt>20391</QualifyingDistributionsAmt>
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        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
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          <Year2Amt>36343</Year2Amt>
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        <QualifyingDistributionsGrp>
          <CurrentYearAmt>20391</CurrentYearAmt>
          <Year1Amt>26145</Year1Amt>
          <Year2Amt>19871</Year2Amt>
          <Year3Amt>19603</Year3Amt>
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        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>20391</CurrentYearAmt>
          <Year1Amt>26145</Year1Amt>
          <Year2Amt>19871</Year2Amt>
          <Year3Amt>19603</Year3Amt>
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        <ContributingManagerNm>FRED H GILLHAM SR</ContributingManagerNm>
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          <RecipientPersonNm>KELLI C GILLHAM</RecipientPersonNm>
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            <AddressLine1Txt>401 RUTHERFORD LANE</AddressLine1Txt>
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            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38401</ZIPCd>
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          <RecipientPhoneNum>9313811900</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>INDIVIDUALS SEEKING SCHOLARSHIPS SHOULD SUBMIT THE INFORMATION AS REQUIRED ON THE APPLICATION FORM.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>SET ANNUALLY BY SELECTION COMMITTEE.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SCHOLARSHIPS MUST BE USED AT AN INSTITUTION APPROVED BY THE SELECTION COMMITTEE. PREFERENCE IS GIVEN TO INDIVIDUALS PURSUING A DEGREE RELATED TO HISTORIC PRESERVATION, THE STUDY OF HISTORY AND/OR BUILDING TRADES IN RELATED AREAS.</RestrictionsOnAwardsTxt>
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          <RecipientPersonNm>MT PLEASANT MUSEUM OF LOCAL HISTORY</RecipientPersonNm>
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            <AddressLine1Txt>PUBLIC SQUARE</AddressLine1Txt>
            <CityNm>MT PLEASANT</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38474</ZIPCd>
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        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
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        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>FRED AND KELLI GILLHAM</ContributorPersonNm>
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          <AddressLine1Txt>401 RUTHERFORD LANE</AddressLine1Txt>
          <CityNm>COLUMBIA</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>38401</ZIPCd>
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        <TotalContributionsAmt>6534</TotalContributionsAmt>
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      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING AND TAX FEES</CategoryTxt>
        <Amt>1950</Amt>
        <NetInvestmentIncomeAmt>975</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>975</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>975</DisbursementsCharitablePrpsAmt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>BUILDING - SAFETY KLEEN</PropertyDesc>
        <AcquiredDt>2003-02-01</AcquiredDt>
        <CostOrOtherBasisAmt>100868</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>52797</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>2586</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2586</NetInvestmentIncomeAmt>
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      <InvestmentLandGrp>
        <CategoryOrItemTxt>Auto./Transportation Equip.</CategoryOrItemTxt>
        <EOYFMVAmt>662700</EOYFMVAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6462</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6462</AccumulatedDepreciationAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Buildings</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>100868</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>55383</AccumulatedDepreciationAmt>
        <BookValueAmt>45485</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>296750</CostOrOtherBasisAmt>
        <BookValueAmt>296750</BookValueAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="23017517" softwareVersionNum="2023v6.0">
      <LandEtcGrp>
        <CategoryOrItemTxt>Auto./Transportation Equip.</CategoryOrItemTxt>
        <EOYFMVAmt>2260000</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>332490</CostOrOtherBasisAmt>
        <BookValueAmt>332490</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2575</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2575</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Buildings</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>347070</CostOrOtherBasisAmt>
        <BookValueAmt>347070</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Improvements</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>37717</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>37717</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1482668</CostOrOtherBasisAmt>
        <BookValueAmt>1482668</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017517" softwareVersionNum="2023v6.0">
      <OtherExpensesScheduleGrp>
        <Desc>LAWNCARE</Desc>
        <RevenueAndExpensesPerBooksAmt>3500</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3500</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LICENSE AND PERMIT</Desc>
        <RevenueAndExpensesPerBooksAmt>20</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>20</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Rental Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>13530</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13530</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>13530</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS &amp; MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1006</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1006</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="23017517" softwareVersionNum="2023v6.0">
      <OtherLiabilitiesDetail>
        <Desc>DUE TO FHGSR INC</Desc>
        <BOYBookValueAmt>6000</BOYBookValueAmt>
        <EOYBookValueAmt>6000</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>Rounding</Desc>
        <BOYBookValueAmt>1</BOYBookValueAmt>
        <EOYBookValueAmt>1</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017517" softwareVersionNum="2023v6.0">
      <TaxesDetail>
        <CategoryTxt>FEDERAL INVESTMENT TAXES</CategoryTxt>
        <Amt>658</Amt>
        <NetInvestmentIncomeAmt>658</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>658</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAXES</CategoryTxt>
        <Amt>8802</Amt>
        <DisbursementsCharitablePrpsAmt>8802</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>