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Florence Library Foundation Inc. is a private corporation based in FLORENCE, AL. The foundation received its IRS ruling in 2002. The principal officer is Peter L Paine. It holds total assets of $2.8M. Annual income is reported at $61K. 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, Florence Library Foundation Inc. has made 2 grants totaling $5.5M, with a median grant of $2.8M. 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.
Florence Library Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in AL.
Florence Library Foundation Inc. has distributed a total of $5.5M across 2 grants. The median grant size is $2.8M, with an average of $2.8M. Individual grants have ranged from $2.8M to $2.8M.
Florence Library Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Florence Library Foundation Inc. is headquartered in FLORENCE, AL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dick Jordan | DIRECTOR | $0 | $0 | N/A |
| Andy Betterton | DIRECTOR | $0 | $0 | N/A |
| Jan Irons | DIRECTOR | $0 | $0 | N/A |
| Ashley Anderson | DIRECTOR | $0 | $0 | N/A |
| Andy Frith | DIRECTOR | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$2.8M
Fair Market Value
$2.8M
Net Worth
$2.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$38K
Distribution Amount
$133K
Total: $703K
Total Grants
2
Total Giving
$5.5M
Average Grant
$2.8M
Median Grant
$2.8M
Unique Recipients
1
Most Common Grant
$2.8M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Florence Lauderdale Public LibraryTO SUPPORT THE LIBRARY AND LIBRARY ACTIVITIES | Florence, AL | $2.8M | 2022 |