TUPELO, MS

Cadence Bank Foundation

Quick Facts

EIN: 646217237
Location: TUPELO, MS
Category: Philanthropy & Grantmaking
Total Assets: $43.2M
Annual Income: $7.2M
IRS Ruling Year: 2000
Organization Type: Trust
Principal Officer: % Bancorpsouth Bank Trust Departmen
Tax Deductibility: Contributions are deductible

About This Foundation

Cadence Bank Foundation is a private trust based in TUPELO, MS. The foundation received its IRS ruling in 2000. The principal officer is % Bancorpsouth Bank Trust Departmen. It holds total assets of $43.2M. Annual income is reported at $7.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$2.3M

2023+20%

Total Assets

$40.8M

2023+8%

Fair Market Value

$43.5M

2023

Net Worth

$40.8M

2023

Grants Paid

$2.2M

2023

Contributions

$5M

2023

Net Investment Income

$1M

2023

Distribution Amount

$1.9M

2023

Total Giving by Year

$159K

$160K

$858K

$649K

$938K

$1.4M

$136K

$345K

$1.9M

$2.3M

Asset Growth

$3M

$2.9M

$2.4M

$1.9M

$1M

$17.7M

$17.8M

$38.7M

$37.8M

$40.8M

Investment Portfolio (2023)

Total: $31.5M

Corporate Stock: $19.2M

Corporate Bonds: $12.3M

Other Investments: $1.8M

Corporate Stock (58%)

Corporate Bonds (37%)

Other Investments (5%)

Expense Breakdown (2023)

Grants Paid$2.2M

Officer Compensation$92K

Accounting Fees$2K

Revenue Sources (2023)

Contributions: $5M
Dividends: $958K
Capital Gains (Net): $252K
Other Income: $-114,238

Financial Details (2023)

Total Revenue: $6.1M
Total Expenses: $2.3M
Exempt Purpose Expenses: $2.3M
Required Distribution: $1.9M
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $14K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$3.7M

Average Grant

$74K

Median Grant

$16K

Total Giving by Year

$1.5M (49 grants)

$2.2M (1 grants)

Grant Range

Min$10K

Max$2.2M

Median: $16K

Smallest grantLargest grant

Openness to New Grantees (2023)

100%

of 2023 grantees were first-time recipients

Geographic Distribution of Grants

ID: $15K (1)

MN: $10K (1)

NY: $50K (1)

CA: $40K (1)

MO: $16K (1)

AR: $77K (3)

TN: $120K (3)

MS: $2.7M (14)

AL: $55K (5)

GA: $70K (4)

TX: $558K (16)

MS$2.7M (14)

TX$558K (16)

TN$120K (3)

AR$77K (3)

GA$70K (4)

AL$55K (5)

Past Grantees

Recipient	Location	Amount	Year
See Attached Donee ListGENERAL CONTRIBUTION	Tupelo, MS	$2.2M	2023
Texas Southern University FoundationGENERAL USE	Houston, TX	$167K	2022
Habitat For Humanity Of Northeast MsGENERAL USE	Tupelo, MS	$118K	2022
Tn Small Business Development CenterGENERAL USE	Murfreesboro, TN	$75K	2022
Chickasaw Heritage CenterGENERAL USE	Tupelo, MS	$75K	2022
Mississippi Aquarium FoundationGENERAL CONTRIBUTION	Gulfport, MS	$70K	2022
Avondale HouseGENERAL USE	Houston, TX	$50K	2022
Create Foundation IncGENERAL USE	Tupelo, MS	$50K	2022
University Of Mississippi FoundationGENERAL USE	Oxford, MS	$50K	2022
Covenant House TexasGENERAL USE	Houston, TX	$50K	2022
Good Samaritan Health Services IncGENERAL USE	Leander, TX	$50K	2022
Trufund Financial Services IncGENERAL USE	New York, NY	$50K	2022
SerjobsGENERAL USE	Houston, TX	$50K	2022
The Children'S Fund IncGENERAL USE	San Bernadino, CA	$40K	2022
Arkansas Single Parent ScholarshipGENERAL USE	Springdale, AR	$37K	2022
Lemonade DayGENERAL USE	Houston, TX	$35K	2022
University District Development CorpGENERAL USE	Little Rock, AR	$30K	2022
Junior Achievement Of GaGENERAL USE	Atlanta, GA	$25K	2022
Memorial Hermann FoundationGENERAL USE	Houston, TN	$25K	2022
Mississippi Museum Of ArtGENERAL USE	Jackson, MS	$25K	2022
Citysquare HousingGENERAL USE	Dallas, TX	$24K	2022
Baker RipleyGENERAL CONTRIBUTION	Houston, TX	$22K	2022
Mercy Health Services IncGENERAL USE	Franklin, TN	$20K	2022
Texas A&M FoundationGENERAL USE	College Station, TX	$20K	2022
Victory MissionGENERAL USE	Springfield, MO	$16K	2022
Itawamba Community CollegeGENERAL USE	Fulton, MS	$15K	2022
United Way Of Cental TxGENERAL USE	Temple, TX	$15K	2022
Health Care Foundation Of North MsGENERAL USE	Tupelo, MS	$15K	2022
Boys & Girls Club Of North MississippiGENERAL CONTRIBUTION	Tupelo, MS	$15K	2022
Solomon'S Temple FoundationGENERAL USE	Atlanta, GA	$15K	2022
Boys & Girls Clubs Of AmericaGENERAL USE	Atlanta, GA	$15K	2022
The Cornerstone InitiativeGENERAL USE	Huntsville, AL	$15K	2022
The Salvation Army TupeloGENERAL CONTRIBUTION	Tupelo, MS	$15K	2022
Access To Capital For EntrepreneursGENERAL USE	Cleveland, GA	$15K	2022
Goodwill Industries International IncGENERAL USE	Waco, TX	$15K	2022
University Of Houston FoundationGENERAL USE	Houston, TX	$15K	2022
Feeding AmericaGENERAL USE	Chicago, ID	$15K	2022
Boys & Girls Clubs Of LanierGENERAL USE	Houston, TX	$15K	2022
Boys & Girls Clubs Of Central MsGENERAL USE	Jackson, MS	$11K	2022
Northeast Ms Community CollegeGENERAL USE	Booneville, MS	$10K	2022
Jackson County Twenty FirstGENERAL USE	Scottsboro, AL	$10K	2022
Low-Income Housing Coalition Of AlGENERAL USE	Birmingham, AL	$10K	2022
Community Care Development NetworkGENERAL USE	Center Point, AL	$10K	2022
Randy Sams' Outreach Shelter IncGENERAL USE	Texarakana, TX	$10K	2022
Black River Area Development CorpGENERAL USE	Walnut Ridge, AR	$10K	2022
Jackson State UniversityGENERAL USE	Jackson, MS	$10K	2022
St Anne'S SocietyGENERAL USE	Houston, TX	$10K	2022
Salvation Army VicksburgGENERAL USE	Vicksburg, MN	$10K	2022
Marshall County Christian ServicesGENERAL USE	Albertville, AL	$10K	2022
Young Women'S Preparatory NetworkGENERAL USE	Dallas, TX	$10K	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
2019-12	990PF	View Filing
2018-12	990PF	View Filing
2017-12	990PF	View Filing
2016-12	990PF	View Filing