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Also known as: REGIONS BANK CO-TRUSTEE
J L Bedsole Foundation is a private trust based in MOBILE, AL. The foundation received its IRS ruling in 1972. It holds total assets of $55M. Annual income is reported at $25.4M. ADMINISTRATION OF SCHOLARS PROGRAM (112 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM, AND GRANTS TO EXEMPT ORGANIZATIONS. According to available records, J L Bedsole Foundation has made 448 grants totaling $7.8M, with a median grant of $6K. Annual giving has grown from $2.3M in 2020 to $5.5M in 2022. Individual grants have ranged from $250 to $500K, with an average award of $17K. The foundation has supported 249 unique organizations. Grants have been distributed to organizations in Alabama and Florida. Contributions to this foundation are tax-deductible.
ADMINISTRATION OF SCHOLARS PROGRAM (85 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM, AND GRANTS TO EXEMPT ORGANIZATIONS
Expenses: $425K
ADMINISTRATION OF SCHOLARS PROGRAM (112 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM, AND GRANTS TO EXEMPT ORGANIZATIONS. Based on available records, the foundation has funded 448 grants. Its grantmaking reaches organizations primarily in AL, FL.
J L Bedsole Foundation has distributed a total of $7.8M across 448 grants. The median grant size is $6K, with an average of $17K. Individual grants have ranged from $250 to $500K.
GRANTS AND AWARDS ARE MADE UNDER TWO CATEGORIES. 1)GRANTS ARE MADE TO QUALIFIED ORGANIZATIONS EXEMPT UNDER 501(C)(3) OR COMPARABLE CHARITABLE ORGANIZATION QUALIFICATION. SUCH GRANTS ARE RESTRICTED TO THOSE THAT WILL MOST EFFECTIVELY ASSIST AND PROMOTE THE WELL-BEING OF THE INHABITANTS OF THE STATE OF ALABAMA, PREFERABLY THOSE OF SOUTHWEST ALABAMA.2)THE JL BEDSOLE FOUNDATION INITIATED THE JL BEDSOLE SCHOLARS PROGRAM, WHICH WAS PRE-APPROVED BY THE EXEMPT ORG BRANCH OF THE IRS UNDER A DETERMINATION LETTER DATED 4/15/93. THE PROGRAM IS A LIMITED SCHOLARSHIP GRANT PROGRAM WHICH ANNUALLY AWARDS INITIAL SCHOLARSHIP GRANTS TO APPROXIMATELY 30 GRADUATING HIGH SCHOOL SENIORS WHO ARE ENROLLED IN A QUALIFYING ALABAMA UNIVERSITY, COLLEGE OR TECHNICAL SCHOOL. SUCH GRANTS ARE RENEWABLE FOR THE TERM OF THE GRANTEE'S UNDERGRADUATE COURSE OF STUDY IF CERTAIN QUALIFICATIONS ARE MET. THE GRANTS ARE AVAILABLE TO RESIDENTS OF 5 COUNTIES IN SOUTHWEST ALABAMA.
J L Bedsole Foundation is headquartered in MOBILE, AL. While based in AL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| T Bestor Ward Iii | CHR DIST COMM & TRUSTEE | $85K | $0 | $85K |
| Travis M Bedsole Jr | MBR DIST COMM & TRUSTEE | $75K | $0 | $75K |
| Regions Bank | TRUSTEE | $37K | $0 | $37K |
| T Bestor Ward Iv | MBR DIST COMM | $20K | $0 | $20K |
| Winthrop M Hallett Iii | MBR DIST COMM | $15K | $0 | $15K |
Total Giving
$4.8M
Total Assets
$40M
Fair Market Value
$69.8M
Net Worth
$40M
Grants Paid
$3.8M
Contributions
$0
Net Investment Income
$7.3M
Distribution Amount
$3.1M
Total: $15.7M
Total Grants
448
Total Giving
$7.8M
Average Grant
$17K
Median Grant
$6K
Unique Recipients
249
Most Common Grant
$6K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MobilePHARR GYMNASIUM PROJECT | Mobile, AL | $100K | 2022 |
| University Of AlabamaBEDSOLE MOOT COURT UPGRADE | Tuscaloosa, AL | $50K | 2022 |
| Labor Of LoveMAKING PROGRESS-CAPITAL PROJECT COM. CTR. | Coffeeville, AL | $25K | 2022 |
| Mobile Area Chamber FoundationINNOVATION PORTAL - DEBT REDUCTION | Mobile, AL | $500K | 2022 |
DAYTON, OH
BROOKLYN, NY
LIMA, OH
HUMBOLDT, IA
VISALIA, CA
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL
| John White-Spunner | MBR DIST COMM | $4K | $0 | $4K |
| Ums-Wright Preparatory SchoolNEW DINING FACILITY |
| Mobile, AL |
| $250K |
| 2022 |
| Coastal Alabama PartnershipPROGRAM SUPPORT | Mobile, AL | $200K | 2022 |
| Alabama School Of Math & ScienceSCIENCE RESEARCH CENTER | Mobile, AL | $100K | 2022 |
| Bayshore Christian SchoolPHASE 2 - FOR FUTURE GENERATIONS | Fairhope, AL | $75K | 2022 |
| Exploreum Science CenterEDUCATIONAL PROGRAMMING | Mobile, AL | $75K | 2022 |
| Little Flower Catholic SchoolPLAYGROUND | Mobile, AL | $50K | 2022 |
| United Way Of Southwest AlabamaTHE BASICS GRANT 2022 | Mobile, AL | $50K | 2022 |
| Prodisee PantryCULTIVATE HEALTH OPTIONS IN A FOOD DESERT | Spanish Fort, AL | $50K | 2022 |
| Infirmary FoundationKEEPIN' IT REAL VIDEO SERIES | Mobile, AL | $45K | 2022 |
| Victory Health PartnersPROGRAM SUPPORT | Mobile, AL | $40K | 2022 |
| Country Club Estates Neighborhood AssnNEW SIDEWALKS & CROSSWALKS | Mobile, AL | $35K | 2022 |
| Mobile Symphony OrchestraPROGRAM SUPPORT | Mobile, AL | $30K | 2022 |
| Big Brothers Big Sisters Of South AlabamaMENTORING PROGRAMS | Mobile, AL | $30K | 2022 |
| History Museum Of MobileDRESSING THE ABBEY EXHIBITION | Mobile, AL | $25K | 2022 |
| Dumas Wesley Community CenterPROGRAMS FOR UNDERSERVED YOUTH & SENIORS | Mobile, AL | $20K | 2022 |
| Prichard Preparatory SchoolTECHNOLOGY MODERNIZATION PROJECT | Whistler, AL | $20K | 2022 |
| Mckemie PlaceOPERATIONAL SUPPORT | Mobile, AL | $20K | 2022 |
| St Luke'S Episcopal SchoolBIOMEDICAL SCIENCES PROGRAM EXPANSION | Mobile, AL | $19K | 2022 |
| Mobile Arts CouncilEXHIBITION SERIES | Mobile, AL | $15K | 2022 |
| Dauphin Island Sea Lab FoundationUNIVERSITY PROGRAM MICROSCOPES | Mobile, AL | $15K | 2022 |
| American Academy Of Pediatrics-Al ChapterREACH OUT AND READ OUT ALABAMA | Montgomery, AL | $10K | 2022 |
| Alabama Free ClinicEQUIPMENT AND SUPPLIES | Bay Minette, AL | $10K | 2022 |
| Arc - Baldwin CountyOPERATIONAL SUPPORT | Loxley, AL | $10K | 2022 |
| Ascension Providence FoundationFESTIVAL OF FLOWERS | Mobile, AL | $10K | 2022 |
| Young Life Of MobilePROJECT ONE COORDINATION | Mobile, AL | $10K | 2022 |
| Fairhope High SchoolSPECIAL NEEDS ADAPTIVE PE AREA | Fairhope, AL | $10K | 2022 |
| Monroe County MuseumPIONEER DAYS & A DAY IN OLD MONROEVILLE | Monroeville, AL | $10K | 2022 |
| Ozanam Charitable PharmacyEMERGENCY GENERIC MEDICATION PURCHASE PROGRAM | Mobile, AL | $10K | 2022 |
| Shoulder Of The Central Gulf Coast IncNEW WOMEN'S FACILITY RENOVATION | Daphne, AL | $10K | 2022 |
| Ransom MinistriesPROGRAM SUPPORT | Chickasaw, AL | $10K | 2022 |
| South Baldwin Christian AcademyPROGRAM SUPPORT | Gulf Shores, AL | $10K | 2022 |
| Boy Scouts Of America Mobile CouncilCAMP MAUBILA IMPROVEMENTS | Mobile, AL | $8K | 2022 |
| South Baldwin Literacy CouncilCOMMUNITY EDUCATION | Foley, AL | $8K | 2022 |
| Camp Rap-A-HopeSIBLING PROGRAM | Mobile, AL | $6K | 2022 |
| Jacob ArnoldSCHOLARSHIP - SPRING HILL COLLEGE | Mobile, AL | $6K | 2022 |
| Tonia PettwaySCHOLARSHIP - SAMFORD UNIVERSITY | Homewood, AL | $6K | 2022 |
| Katie SchansbergSCHOLARSHIP - SAMFORD UNIVERSITY | Homewood, AL | $6K | 2022 |
| Rhyan PettawaySCHOLARSHIP - JACKSONVILLE STATE UNIVERSITY | Jacksonville, AL | $6K | 2022 |
| Tyler BjorgumSCHOLARSHIP - HUNTINGDON COLLEGE | Montgomery, AL | $6K | 2022 |
| Rachael WilliamsSCHOLARSHIP - HUNTINGDON COLLEGE | Montgomery, AL | $6K | 2022 |
| Myles MurphySCHOLARSHIP - HUNTINGDON COLLEGE | Montgomery, AL | $6K | 2022 |
| Charlie HollisSCHOLARSHIP - HUNTINGDON COLLEGE | Montgomery, AL | $6K | 2022 |
| Triston BuckleySCHOLARSHIP - AUBURN UNIVERSITY | Auburn, AL | $6K | 2022 |
| Sarah LottSCHOLARSHIP - AUBURN UNIVERSITY | Auburn, AL | $6K | 2022 |
| Reese WolfeSCHOLARSHIP - AUBURN UNIVERSITY | Auburn, AL | $6K | 2022 |
| Megan SanchezSCHOLARSHIP - AUBURN UNIVERSITY | Auburn, AL | $6K | 2022 |
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