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Ashcraft Trust Fund One is a private trust based in TUSCALOOSA, AL. The foundation received its IRS ruling in 2019. The principal officer is Penny Davis. It holds total assets of $477K. Annual income is reported at $5K. Total assets have grown from N/A in 2019 to $316K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Ashcraft Trust Fund One has made 12 grants totaling $29K, with a median grant of $3K. Annual giving has grown from $5K in 2021 to $24K in 2022. Individual grants have ranged from $1K to $4K, with an average award of $2K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Alabama. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Ashcraft Trust Fund One primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in AL.
Ashcraft Trust Fund One has distributed a total of $29K across 12 grants. The median grant size is $3K, with an average of $2K. Individual grants have ranged from $1K to $4K.
Ashcraft Trust Fund One typically selects its grantees rather than accepting unsolicited proposals.
Ashcraft Trust Fund One is headquartered in TUSCALOOSA, AL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Penny Davis | DIRECTOR | $0 | $0 | N/A |
| Fred R Salvage | DIRECTOR | $0 | $0 | N/A |
| Melissa Davis | DIRECTOR | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$316K
Fair Market Value
$316K
Net Worth
$316K
Grants Paid
$15K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$29K
Average Grant
$2K
Median Grant
$3K
Unique Recipients
5
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nealy McmanusSCHOLARSHIP | Millport, AL | $4K | 2022 |
| Hayes MerritttSCHOLARSHIP | Millport, AL | $3K | 2022 |
| Abby FieldsSCHOLARSHIP | Millport, AL | $3K | 2022 |
| Garrett BouldinSCHOLARSHIP | Kennedy, AL | $3K | 2022 |
| Hallie WrileySCHOLARSHIP | Millport, AL | $1K | 2022 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL