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Decimal Point Charitable Foundation is a private trust based in BIRMINGHAM, AL. The foundation received its IRS ruling in 1999. The principal officer is Paul L Kassouf. It holds total assets of $1.5M. Annual income is reported at $1.3M. Total assets have grown from $936K in 2011 to $1.3M in 2022. The foundation is governed by 5 officers and trustees. The foundation operates in the area of education. 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, Decimal Point Charitable Foundation has made 11 grants totaling $250K, with a median grant of $5K. Annual giving has decreased from $87K in 2021 to $9K in 2023. Grantmaking activity was highest in 2022 with $154K distributed across 2 grants. Individual grants have ranged from $1K to $150K, with an average award of $23K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Alabama, California, Missouri, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. 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.
Decimal Point Charitable Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in AL, CA, MO.
Decimal Point Charitable Foundation has distributed a total of $250K across 11 grants. The median grant size is $5K, with an average of $23K. Individual grants have ranged from $1K to $150K.
Decimal Point Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Decimal Point Charitable Foundation is headquartered in BIRMINGHAM, AL. While based in AL, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Naomi H Kassouf | Trustee | $0 | $0 | N/A |
| Mary Beverly K Kimes | Trustee | $0 | $0 | N/A |
| David P Kassouf | Trustee | $0 | $0 | N/A |
| Gerard J Kassouf | Trustee | $0 | $0 | N/A |
| Gayle K Thigpen | Trustee | $0 | $0 | N/A |
Total Giving
$15K
Total Assets
$1.3M
Fair Market Value
$1.5M
Net Worth
$1.3M
Grants Paid
$9K
Contributions
N/A
Net Investment Income
$46K
Distribution Amount
$71K
Total Grants
11
Total Giving
$250K
Average Grant
$23K
Median Grant
$5K
Unique Recipients
8
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Birmingham Musem Of ArtGeneral Fund | Birmingham, AL | $5K | 2023 |
| Crippled Children'S FoundationGeneral Fund | Birmingham, AL | $4K | 2023 |
| St Elias Maronite Catholic ChurchGeneral Fund | Birmingham, AL | $150K | 2022 |
| Maronite Catholic FoundationGeneral Fund | Los Angeles, CA | $60K | 2021 |
| Red Mountain Theatre CompanyGeneral Fund | Birmingham, AL | $10K | 2021 |
| Birmingham Museum Of ArtGeneral Fund | Birmingham, AL | $5K | 2021 |
| Order Of St SharbelGeneral fund | St Louis, MO | $5K | 2021 |
| National Apostolate Of MaronitesGeneral fund | Yonkers, NY | $1K | 2021 |