Carol Foundation
Preselected recipients only
Carol Foundation is a private foundation in Gallatin, Tennessee. In tax year 2025 it gave $68,000 in 9 grants; the typical grant was $7,000 and the largest $10,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$68,000
- Number of grants9
- Typical grant$7,000
- Largest grant$10,000
- Assets$2.4 million
- New grantees20%
Giving in 2025 was up from $56,000 the year before.
20% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $67,000 | 8 | $2.1 million |
| 2024 | $56,000 | 8 | $2.2 million |
| 2025 | $68,000 | 9 | $2.4 million |
How to apply
Carol Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Carol Foundation funds
Where it gives
Its grants went to recipients in 4 states, the most to Tennessee.
| State | Grants | Amount |
|---|---|---|
| Tennessee | 5 | $36,000 |
| North Carolina | 2 | $15,000 |
| Colorado | 1 | $10,000 |
| Pennsylvania | 1 | $7,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Got Questions Ministries | Fund Opertations | $10,000 |
| Men of Valor | Operating Expenses | $10,000 |
| Individual | Operating Funds | $10,000 |
| Mission Pre Born | Care for babies and young mothers | $10,000 |
| Individual | Trainin g And Salaries | $7,000 |
| Childrens Bible Ministries | Train Missionaries | $6,000 |
| Individual | Hurricane Relief | $5,000 |
| Cumberland Chrisis Pregnancy Center | Care for young mothers and babies | $5,000 |
| Individual | Fund operations | $5,000 |
Officers and trustees
- Carol Martin
- Dwight Martin
- Joy Henderson
- Lorrie Gideon
- Melissa Black
Questions people ask
Does Carol Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Carol Foundation give?
$68,000 in tax year 2025, across 9 grants, with a typical grant of $7,000.
Who runs Carol Foundation?
Its 2025 filing lists Carol Martin (Trustee), Dwight Martin (Sec Treas), Joy Henderson (President) and Lorrie Gideon (Trustee) among 5 officers and trustees.
What does Carol Foundation fund?
Based on its grants, mainly faith communities.