BIRMINGHAM, AL
Alabama Power Foundation Inc.
Quick Facts
- EIN
- 570901832
- Location
- BIRMINGHAM, AL
- Category
- Philanthropy & Grantmaking
- Total Assets
- $117.9M
- Annual Income
- $29.2M
- IRS Ruling Year
- 1990
- Organization Type
- Corporation
- Principal Officer
- % Cindy Cagle
- Tax Deductibility
- Contributions are deductible
About This Foundation
Alabama Power Foundation Inc. is a private corporation based in BIRMINGHAM, AL. The foundation received its IRS ruling in 1990. The principal officer is % Cindy Cagle. It holds total assets of $117.9M. Annual income is reported at $29.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$22.8M
2023+11%
Total Assets
$121.5M
2023-0%
Fair Market Value
$121.5M
2023
Net Worth
$114.6M
2023
Grants Paid
$19.7M
2023
Contributions
$2K
2023
Net Investment Income
$9.9M
2023
Distribution Amount
$6.8M
2023
Total Giving by Year
$8.2M
11$6.9M
12$10.3M
13$20.5M
14$11.8M
15$13.6M
19$14.4M
20$17.9M
21$20.6M
22$22.8M
23Asset Growth
$119.1M
11$126.8M
12$143.6M
13$139.6M
14$129.1M
15$146.1M
19$156.8M
20$164.3M
21$122M
22$121.5M
23Investment Portfolio (2023)
Total: $105.5M
Corporate Stock: $105.5M
Other Investments: $12.1M
Corporate Stock (90%)
Other Investments (10%)
Expense Breakdown (2023)
Grants Paid$19.7M
Legal Fees$236K
Officer Compensation$230K
Accounting Fees$68K
Interest$12K
Travel & Conferences$2K
Printing & Publications$2K
Revenue Sources (2023)
- Capital Gains (Net)
- $7.1M
- Dividends
- $2.9M
- Other Income
- $29K
- Contributions
- $2K
Financial Details (2023)
- Total Revenue
- $10M
- Total Expenses
- $22.8M
- Exempt Purpose Expenses
- $18.9M
- Required Distribution
- $6.8M
- Undistributed Income
- $0
- Grants Approved (Future)
- $1.7M
- Total Liabilities
- $6.9M
- Excise Tax
- $137K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$8.7M
Average Grant
$174K
Median Grant
$100K
Grant Range
Min$50K
Max$1.5M
Median: $100K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
MI: $150K (1)
NY
NY: $300K (2)
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
VA: $80K (1)
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
AL: $8.2M (46)
GA
FL
HI
TX
AL$8.2M (46)
NY$300K (2)
MI$150K (1)
VA$80K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Prosper Birmingham LlcGENERAL/OPERATING | Birmingham, AL | $1.5M | 2022 |
| Alabama Shakespeare Festival IncGENERAL/OPERATING | Montgomery, AL | $500K | 2022 |
| Auburn University FoundationGENERAL/OPERATING | Newbern, AL | $490K | 2022 |
| University Of Alabama At BirminghamGENERAL/OPERATING | Birmingham, AL | $400K | 2022 |
| Crimson Tide FoundationGENERAL/OPERATING | Tuscaloosa, AL | $400K | 2022 |
| Central Alabama Community Foundation IncGENERAL/OPERATING | Montgomery, AL | $300K | 2022 |
| Woodlawn Foundation IncGENERAL/OPERATING | Birmingham, AL | $250K | 2022 |
| Historic Restoration Society IncGENERAL/OPERATING | Mobile, AL | $250K | 2022 |
| Young Men'S Christian Association Of BirminghamGENERAL/OPERATING | Birmingham, AL | $250K | 2022 |
| Auburn Research And Technology FoundationGENERAL/OPERATING | Auburn, AL | $225K | 2022 |
| United Way Of Central Alabama IncGENERAL/OPERATING | Birmingham, AL | $212K | 2022 |
| Strive International IncGENERAL/OPERATING | New York, NY | $200K | 2022 |
| Auburn University FoundationGENERAL/OPERATING | Newbern, AL | $200K | 2022 |
| United Way Of Central Alabama IncGENERAL/OPERATING | Birmingham, AL | $180K | 2022 |
| Miles CollegeGENERAL/OPERATING | Fairfield, AL | $150K | 2022 |
| University Of Montevallo FoundationGENERAL/OPERATING | Montevallo, AL | $150K | 2022 |
| Faulkner UniversityGENERAL/OPERATING | Montgomery, AL | $150K | 2022 |
| Scholarship America IncGENERAL/OPERATING | Detroit, MI | $150K | 2022 |
| Alabama Power Service OrganizationGENERAL/OPERATING | Birmingham, AL | $140K | 2022 |
| Talladega CollegeGENERAL/OPERATING | Talladega, AL | $125K | 2022 |
| United Way Of Southwest Alabama IncGENERAL/OPERATING | Mobile, AL | $105K | 2022 |
| Build UpGENERAL/OPERATING | Birmingham, AL | $105K | 2022 |
| Economic Development Partnership Of Alabama FoundationGENERAL/OPERATING | Birmingham, AL | $100K | 2022 |
| Hispanic Interest Coalition Of AlabamaGENERAL/OPERATING | Birmingham, AL | $100K | 2022 |
| Women'S Foundation Of AlabamaGENERAL/OPERATING | Birmingham, AL | $100K | 2022 |
| Fathers Of St Edmund Southern Missions IncGENERAL/OPERATING | Selma, AL | $100K | 2022 |
| The Educate Me Foundation IncGENERAL/OPERATING | Bessemer, AL | $100K | 2022 |
| Teach For America IncGENERAL/OPERATING | New York, NY | $100K | 2022 |
| Freedom Rain IncGENERAL/OPERATING | Birmingham, AL | $100K | 2022 |
| Mobile Area Chamber Of Commerce Foundation IncGENERAL/OPERATING | Mobile, AL | $100K | 2022 |
| John R Lewis Legacy InstituteGENERAL/OPERATING | Troy, AL | $100K | 2022 |
| Rebirth Community CorporationGENERAL/OPERATING | Birmingham, AL | $100K | 2022 |
| Jacksonville State University FoundationGENERAL/OPERATING | Jacksonville, AL | $100K | 2022 |
| Downtown Jimmie Hale Mission IncGENERAL/OPERATING | Birmingham, AL | $100K | 2022 |
| Alabama Appleseed Center For Law & Justice IncGENERAL/OPERATING | Mountain Brook, AL | $100K | 2022 |
| Offender Alumni Association (Oaa)GENERAL/OPERATING | Birmingham, AL | $100K | 2022 |
| March Of Dimes IncGENERAL/OPERATING | Arlington, VA | $80K | 2022 |
| The Judge Frank M Johnson Jr InstituteGENERAL/OPERATING | Montgomery, AL | $75K | 2022 |
| Alabama Power Service OrganizationGENERAL/OPERATING | Birmingham, AL | $75K | 2022 |
| Alabama Power Energizers IncGENERAL/OPERATING | Birmingham, AL | $71K | 2022 |
| A G Gaston Boys & Girls Club IncGENERAL/OPERATING | Birmingham, AL | $70K | 2022 |
| Tuscaloosa Family Resource Center IncGENERAL/OPERATING | Tuscaloosa, AL | $70K | 2022 |
| Auburn University FoundationGENERAL/OPERATING | Newbern, AL | $70K | 2022 |
| United Way Of East Central AlabamaGENERAL/OPERATING | Anniston, AL | $55K | 2022 |
| Easter Seals Alabama IncGENERAL/OPERATING | Jacksons Gap, AL | $50K | 2022 |
| Alabama State University Foundation IncGENERAL/OPERATING | Montgomery, AL | $50K | 2022 |
| Board Of The University Of AlabamaGENERAL/OPERATING | Tuscaloosa, AL | $50K | 2022 |
| Alabama State University Foundation IncGENERAL/OPERATING | Montgomery, AL | $50K | 2022 |
| Miles CollegeGENERAL/OPERATING | Fairfield, AL | $50K | 2022 |
| Birmingham Civil Rights InstituteGENERAL/OPERATING | Birmingham, AL | $50K | 2022 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
See Similar Foundations
Philanthropy & Grantmaking
Gates Foundation
SEATTLE, WA
$78.7BPhilanthropy & Grantmaking
Philanthropy & Grantmaking
Gates Foundation Trust
KIRKLAND, WA
$77.6BPhilanthropy & Grantmaking
Philanthropy & Grantmaking
Ford Foundation
NEW YORK, NY
$17.5BPhilanthropy & Grantmaking
Philanthropy & Grantmaking
William & Flora Hewlett Foundation
MENLO PARK, CA
$14.2BPhilanthropy & Grantmaking
Philanthropy & Grantmaking
Robert Wood Johnson Foundation
PRINCETON, NJ
$13.4BPhilanthropy & Grantmaking
Philanthropy & Grantmaking
J Paul Getty Trust
LOS ANGELES, CA
$13BPhilanthropy & Grantmaking
More Foundations in Alabama
Philanthropy & Grantmaking
Haplotace Foundation
BIRMINGHAM, AL
$723.8MPhilanthropy & Grantmaking
Philanthropy & Grantmaking
Lucille S Beeson Charitable Remainder 66 1055001761
BIRMINGHAM, AL
$195.6MPhilanthropy & Grantmaking
Philanthropy & Grantmaking
Michael And Noemi Neidorff Family Foundation
BIRMINGHAM, AL
$188.5MPhilanthropy & Grantmaking