The Bill Gatton Foundation

Quick Stats

Annual Giving: $9,045,000 (2023)
Total Assets: $876 million+
Success Rate: Not applicable (invitation only)
Decision Time: Not publicly disclosed
Grant Range: $5,000 - $100,000,000
Geographic Focus: Kentucky, Upper East Tennessee, and Southwest Virginia

Contact Details

Address: Bristol, TN

Email: info@billgattonfoundation.org

Website: www.billgattonfoundation.org

EIN: 62-1266284

Overview

The Bill Gatton Foundation was established to perpetuate the ideals and generous legacy of Carol Martin "Bill" Gatton (1932-2022), a successful automobile dealer, entrepreneur, and philanthropist. Following Gatton's passing in April 2022, the foundation received a transformative $688 million contribution in 2023, bringing its total assets to over $876 million. The foundation focuses on supporting meaningful educational opportunities, effective healthcare and medical treatments, and economic development in Kentucky, Upper East Tennessee, and Southwest Virginia. Bill Gatton's philanthropic philosophy was simple but powerful: "I want to keep making money so I can give it away to worthwhile causes." He often quoted Senator Howard Baker: "There is a time for learning, a time for earning, and a time for returning or giving back." The foundation awarded 5 major grants totaling $9,045,000 in 2023, compared to 11 grants in 2022, reflecting a strategic focus on transformative gifts to higher education institutions.

Funding Priorities

Grant Programs

The foundation makes grants ranging from small community grants ($5,000) to transformational institutional gifts (up to $100 million). Recent major gifts include:

Transformational Education Gifts: $100 million to University of Kentucky (2023), $14 million to King University (2024), $11.2 million to UVA Wise (2024)
Capital Projects: $2 million to Emory & Henry College for equestrian center (2023), $32.5 million to University of Tennessee College of Law (2025)
Scholarship Programs: Multi-million dollar endowed scholarship funds prioritizing students from Northeast Tennessee and Southwest Virginia
Community Grants: Smaller grants to community organizations including rescue squads, YMCA, Salvation Army, and literacy initiatives

Priority Areas

Education: The foundation's primary focus area, supporting:

K-12 education initiatives (including flood relief for school libraries)
Higher education institutions, particularly in the tri-state region
Scholarship programs for students from economically disadvantaged areas
Academic facilities and program development
Specialized academies (gifted and talented programs, colleges of pharmacy, business, agriculture, law)

Healthcare and Medical Services:

Medical centers and healthcare systems (Ballad Health, formerly Wellmont Health System)
Diabetes treatment centers
Advanced cardiac rehabilitation facilities
University healthcare research and education programs

Community Development:

Economic development initiatives in the tri-state region
Youth-serving organizations (YMCA, rescue squads)
Social service providers (Salvation Army, Rotary Clubs)
Entrepreneurship centers
Arts and culture (limited)

Geographic Focus

The foundation exclusively serves Kentucky, Upper East Tennessee, and Southwest Virginia, with particular emphasis on the Bristol region and surrounding communities. Recent grants have supported institutions in:

Bristol, TN/VA
Lexington, KY
Johnson City, TN
Wise, VA
Emory, VA
Kingsport, TN

What They Don't Fund

While not explicitly stated, the foundation:

Does not fund organizations outside its tri-state geographic region
Focuses primarily on education over other causes
Makes strategic institutional gifts rather than numerous small grants
Prioritizes organizations with which the trustees have established relationships

Governance and Leadership

Key Personnel

Robert F. Peel - Trustee and Executive Director

2005 graduate of the University of Tennessee College of Law
Leads the foundation's strategic direction and grant-making decisions
Manages the foundation's operations from Bristol, TN

Danny L. Dunn - Trustee

Worked with Bill Gatton for 35 years
Deep understanding of Gatton's philanthropic vision and values
Continues to guide the foundation's mission to honor Gatton's legacy

Philanthropic Philosophy

The foundation continues Bill Gatton's belief in strategic, transformational giving. As Gatton stated: "I determined to continue earning more money so that I could give it away. I believe in giving." The foundation's approach emphasizes:

Making large, catalytic gifts that transform institutions
Supporting organizations in the region where Gatton built his business empire
Prioritizing educational opportunity as the pathway to economic mobility
Building endowments that provide lasting impact
Honoring Bill Gatton's parents, Edith Martin and Harry W. Gatton Sr., through naming opportunities

Application Process & Timeline

How to Apply

The Bill Gatton Foundation does not accept unsolicited grant applications. The foundation operates on an invitation-only basis, with trustees self-selecting grantees based on their strategic priorities and relationships.

Because the foundation self-selects its grantees, nonprofits will find it difficult to secure funding without an existing relationship or connection. Organizations interested in being considered may direct general questions and requests for information to info@billgattonfoundation.org, though this does not constitute an application process.

Decision Timeline

Grant decisions are made at the discretion of the trustees. The foundation awarded only 5 grants in 2023 compared to 11 in 2022, suggesting a deliberate, strategic approach rather than a regular grant cycle. Major institutional gifts appear to be negotiated over extended periods, while smaller community grants may be decided more quickly.

Success Rates

Not applicable. The foundation identifies and approaches potential grantees rather than accepting applications. The small number of grants awarded (5 in 2023) reflects the foundation's focus on transformational giving rather than broad distribution.

Reapplication Policy

Not applicable given the invitation-only model. Organizations that have received grants in the past may be considered for additional support, as evidenced by multiple gifts to institutions like the University of Kentucky and Western Kentucky University.

Application Success Factors

Since the foundation does not accept unsolicited applications, success factors differ from traditional grant-making:

Institutional Relationships: The foundation awards grants to institutions where trustees have existing relationships or where Bill Gatton had historical connections. Major recipients include:

University of Kentucky (named the Carol Martin Gatton College of Business and Economics in 1995; received $100 million in 2023 for agricultural college)
Western Kentucky University (Gatton Academy named in his honor; received $5.25 million in 2025)
East Tennessee State University (Bill Gatton College of Pharmacy)
King University (received $14 million in 2024)
UVA Wise (received $11.2 million in 2024)

Geographic Alignment: All grants support the tri-state region of Kentucky, Upper East Tennessee, and Southwest Virginia. Organizations outside this region are not considered.

Transformational Impact: Recent grants suggest the foundation prefers large, catalytic gifts that transform institutions rather than incremental program support. The $100 million gift to UK College of Agriculture was "the largest gift to any agricultural college in history."

Educational Focus: Approximately 80-90% of recent major grants support educational institutions, particularly:

Scholarship programs for economically disadvantaged students
Building and naming opportunities
Endowment for program sustainability
Support for professional schools (pharmacy, law, business, agriculture)

Community Connection: Smaller grants support community organizations that serve the basic needs of residents in the foundation's target region, including:

Emergency services (rescue squads received support after flooding)
Youth development (YMCA programs)
Social services (Salvation Army)
Literacy programs (Appalachian Literacy Initiative received $300,000 for flood-damaged school libraries)

Legacy Honoring: The foundation creates naming opportunities that honor Bill Gatton and his parents, Edith Martin and Harry W. Gatton Sr., ensuring his legacy continues.

Key Takeaways for Grant Writers

This is not an open application foundation: The Bill Gatton Foundation does not accept unsolicited proposals. Traditional grant-seeking strategies will not work here.
Geographic restriction is absolute: Only organizations serving Kentucky, Upper East Tennessee, and Southwest Virginia are considered. The foundation has deep roots in the Bristol region.
Education is the overwhelming priority: Recent major gifts show a strong preference for higher education institutions, particularly scholarships for economically disadvantaged students and professional school development.
Relationship-based grant-making: The foundation trustees self-select grantees based on existing relationships and strategic priorities. Board connections matter significantly.
Scale matters: The foundation makes relatively few grants (5 in 2023) but at transformational levels. Recent gifts range from $2 million to $100 million, suggesting they seek maximum impact through strategic, large-scale investments.
Contact may be worthwhile for information only: While you cannot apply, reaching out to info@billgattonfoundation.org with questions about whether your organization aligns with their interests is acceptable, though it should not be treated as an application.
Multi-year relationships are common: Organizations like the University of Kentucky and Western Kentucky University have received multiple major gifts over decades, suggesting the foundation values long-term partnerships with proven impact.

References

Research compiled December 2024