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Foundation For Financial Freedom And Entrepreneurship Inc. is a private corporation based in MOUNTAIN BRK, AL. The foundation received its IRS ruling in 2015. The principal officer is Stewart H Welch Iii. It holds total assets of $2M. Annual income is reported at $2.4M. Total assets have grown from $69K in 2013 to $2M in 2024. The foundation is governed by 3 officers and trustees. To establish, maintain and operate programs which support entrepreneurship and to support and make donations/contributions to or on behalf of other organizations recognized as section 501(c)(3) organizations. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Alabama. According to available records, Foundation For Financial Freedom And Entrepreneurship Inc. has made 24 grants totaling $189K, with a median grant of $2K. Individual grants have ranged from $500 to $50K, with an average award of $8K. The foundation has supported 24 unique organizations. Grants have been distributed to organizations in Alabama and Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$2K
Average Grant
$6K
Largest Grant
$40K
Based on 30 grants from the most recent 990-PF filing.
To establish, maintain and operate programs which support entrepreneurship and to support and make donations/contributions to or on behalf of other organizations recognized as section 501(c)(3) organizations.
To establish, maintain and operate programs which support entrepreneurship and to support and make donations/contributions to or on behalf of other organizations recognized as section 501(c)(3) organizations. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in AL, IL.
Foundation For Financial Freedom And Entrepreneurship Inc. has distributed a total of $189K across 24 grants. The median grant size is $2K, with an average of $8K. Individual grants have ranged from $500 to $50K.
Foundation For Financial Freedom And Entrepreneurship Inc. typically selects its grantees rather than accepting unsolicited proposals.
Foundation For Financial Freedom And Entrepreneurship Inc. is headquartered in MOUNTAIN BRK, AL. While based in AL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stewart H Welch Iii | PRESIDENT | $0 | $0 | N/A |
| C Gregory Weyandt | SECRETARY | $0 | $0 | N/A |
| Kimberly R Reynolds | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2M
Fair Market Value
N/A
Net Worth
$2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
24
Total Giving
$189K
Average Grant
$8K
Median Grant
$2K
Unique Recipients
24
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Red BarnMENTAL HEALTH | Leeds, AL | $1K | 2022 |
| American Cancer SocietyMEDICAL | Birmingham, AL | $1K | 2022 |
| Friends Of Jemison ParkCOMMUNITY | Birmingham, AL | $50K | 2022 |
| Ymca Of Greater BirminghamYOUTH DEVELOPMENT | Birmingham, AL | $35K | 2022 |
| Rooted MinistriesEDUCATIONAL | Vestavia Hills, AL | $25K | 2022 |
| Create BirminghamYOUTH DEVELOPMENT | Birmingham, AL | $25K | 2022 |
| Reaching & Teaching Int'L MinistryEDUCATIONAL | Wheaton, IL | $20K | 2022 |
| Radiation Oncology AcceleratedMEDICAL ORGANIZATION | Birmingham, AL | $5K | 2022 |
| Red Mountain ParkEDUCATIONAL | Birmingham, AL | $5K | 2022 |
| Alzheimer'S Of Central AlabamaHEALTH & MEDICAL | Birmingham, AL | $4K | 2022 |
| Addiction Prevention CoalitionMEDICAL SUPPORT ORGANIZATION | Birmingham, AL | $3K | 2022 |
| Children'S Harbor FochaFAMILY MEDICAL NEEDS | Birmngham, AL | $3K | 2022 |
| Homewood LacrosseYOUTH DEVELOPMENT | Homewood, AL | $2K | 2022 |
| Crippled Childrens FundHEALTH & MEDICAL | Birmingham, AL | $2K | 2022 |
| Leadership Vestavia HillsYOUTH SERVICES | Birmingham, AL | $2K | 2022 |
| Sozo ChildrenRELIGIOUS | Birmingham, AL | $2K | 2022 |
| Community Foundation Of GreaterHEALTH & MEDICAL | Birmingham, AL | $1K | 2022 |
| Hoover Service ClubEDUCATIONAL | Hoover, AL | $1K | 2022 |
| Kiwanis Club Of HomewoodCOMMUNITY OUTREACH | Birmingham, AL | $1K | 2022 |
| Exceptional FoundationMEDICAL SUPPORT ORGANIZATION | Birmingham, AL | $1K | 2022 |
| Big Oak RanchCOMMUNITY | Springville, AL | $1K | 2022 |
| Birmingham Music ClubCOMMUNITY FAMILY | Birmingham, AL | $500 | 2022 |
| Church 220COMMUNITY | Mc Calla, AL | $500 | 2022 |
| Birmingham ZooCOMMUNITY | Birmingham, AL | $500 | 2022 |