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Nonprofit · EIN 62-1533987

FIRST HORIZON FOUNDATION

Tax-exempt · MEMPHIS, TN 38101

Financials

$62.2M$16.1M2023$11.6M$23.5M2024
Revenue Expenses · by fiscal year end
Financials of FIRST HORIZON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$11,636,315$23,475,474-$11,839,159$55,164,477$0$55,164,477
December 31, 2023990-PF$62,188,326$16,055,121$46,133,205$62,477,203$0$62,477,203
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$414,870
Dividends
$2,186,490
Net gain from sales of assets
$9,034,595
Other income
$360

Expenses

Grants and similar amounts paid
$18,607,566
Compensation of officers, directors and key employees
$160,000
Disbursements for charitable purposes
$18,607,566
Excise tax on investment income
$151,232

Balance sheet and other

Total assets, start of year
$62,477,203
Total assets, end of year
$55,164,477
Total liabilities, end of year
$0
Net assets, end of year
$55,164,477
Fair market value of assets
$64,014,814
Qualifying distributions
$18,607,566
Net investment income
$11,221,445

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CHARLES G BURKETT
165 Madison Ave, Memphis, TN 38103
CHAIRMAN/DIRECTOR0$160,000
HOPE DMUCHOWSKI
165 MADISON AVE, MEMPHIS, TN 38103
DIRECTOR0$0
WALTER DOGGETT
165 Madison Ave, Memphis, TN 38103
TREASURER/CFO0$0
DAVID MILLER
165 Madison Ave, Memphis, TN 38103
DIRECTOR0$0
ELIZABETH A ARDOIN
165 Madison Ave, Memphis, TN 38103
PRESIDENT/DIRECTOR0$0
LOCKIE D WADE
165 MADISON, MEMPHIS, TN 38103
CONTRIBUTIONS MGR0$0
ADELLA M HEARD
165, MADISON AVE, MEMPHIS, TN 38103
VP/SECRETARY/DIRECTOR0$0
TANYA L HART
165 MADISON AVE, MEMPHIS, TN 38103
DIRECTOR0$0
LANG WISEMAN
165 Madison Ave, Memphis, TN 38103
DIRECTOR0$0
990-PF for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
CHARLES G BURKETT
165 Madison Ave, Memphis, TN 38103
CHAIRMAN/DIRECTOR0$160,000
HOPE DMUCHOWSKI
165 MADISON AVE, MEMPHIS, TN 38103
DIRECTOR0$0
CHARLES T TUGGLE JR
165 Madison Ave, Memphis, TN 38103
DIRECTOR0$0
WALTER DOGGETT
165 Madison Ave, Memphis, TN 38103
TREASURER/CFO0$0
DAVID MILLER
165 Madison Ave, Memphis, TN 38103
DIRECTOR0$0
ELIZABETH A ARDOIN
165 Madison Ave, Memphis, TN 38103
PRESIDENT/DIRECTOR0$0
ELIZABETH P TROTTER
165 Madison Ave, Memphis, TN 38103
VP/SPECIAL CONTRIBUTION REQUES0$0
LOCKIE D WADE
165 MADISON, MEMPHIS, TN 38103
CONTRIBUTIONS MGR0$0
ADELLA M HEARD
165, MADISON AVE, MEMPHIS, TN 38103
VP/SECRETARY/DIRECTOR0$0
TANYA L HART
165 MADISON AVE, MEMPHIS, TN 38103
DIRECTOR0$0

Address and contacts

Address (IRS master file)
PO BOX 2078, MEMPHIS, TN 38101-2078
In care of
% JUSTIN HARRIS
Signed the 990-PF
WALTER DOGGETT, CFO
Phone
(901) 257-6309

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
62-1533987
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1993
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$55,164,477
Income (IRS master file)
$70,123,759

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$11,636,315$23,475,474$55,164,477IRS
990-PFDecember 2023$62,188,326$16,055,121$62,477,203XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1533987).

Questions about FIRST HORIZON FOUNDATION

What is the EIN of FIRST HORIZON FOUNDATION?
The employer identification number (EIN) of FIRST HORIZON FOUNDATION is 62-1533987.
Is FIRST HORIZON FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to FIRST HORIZON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FIRST HORIZON FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of FIRST HORIZON FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FIRST HORIZON FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of FIRST HORIZON FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $160,000 (CHARLES G BURKETT, CHAIRMAN/DIRECTOR).
How much revenue does FIRST HORIZON FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $11,636,315, expenses of $23,475,474 and total assets of $55,164,477 at year end.

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