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Also known as: FOUNDATION TRUST
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Joe And Mary Ann Cromeans Charitable Foundation Trust is a private trust based in ORANGE BEACH, AL. The foundation received its IRS ruling in 2021. The principal officer is Joe G Cromeans Jr. It holds total assets of $22.5M. Annual income is reported at $12.1M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Alabama. According to available records, Joe And Mary Ann Cromeans Charitable Foundation Trust has made 63 grants totaling $1.8M, with a median grant of $30K. The foundation has distributed between $400K and $901K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $901K distributed across 34 grants. Individual grants have ranged from $2K to $50K, with an average award of $28K. The foundation has supported 21 unique organizations. Grants have been distributed to organizations in Alabama and Tennessee and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$10K
Average Grant
$20K
Largest Grant
$50K
Based on 5 grants from the most recent 990-PF filing.
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.
Joe And Mary Ann Cromeans Charitable Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 63 grants. Its grantmaking reaches organizations primarily in AL, TN, FL.
Joe And Mary Ann Cromeans Charitable Foundation Trust has distributed a total of $1.8M across 63 grants. The median grant size is $30K, with an average of $28K. Individual grants have ranged from $2K to $50K.
The application deadline is UNIVERSITY SPECIFIC. Awarded only to third and fourth year students of medical or performing arts majors.
Joe And Mary Ann Cromeans Charitable Foundation Trust is headquartered in ORANGE BEACH, AL. While based in AL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joe Gray Cromeans Jr | TRUSTEE/CHAIRMAN | $165K | $0 | $165K |
| Jennifer M Blanchard | DISTRIBUTION COMMITTEE | $40K | $0 | $40K |
Total Giving
$819K
Total Assets
$22.4M
Fair Market Value
$24.4M
Net Worth
$22.4M
Grants Paid
$476K
Contributions
N/A
Net Investment Income
$2.3M
Distribution Amount
$1.1M
Total: $21M
Total Grants
63
Total Giving
$1.8M
Average Grant
$28K
Median Grant
$30K
Unique Recipients
21
Most Common Grant
$35K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MobileSCHOLARSHIPS | Mobile, AL | $50K | 2023 |
| University Of AlabamaSCHOLARSHIPS | Tuscaloosa, AL | $30K | 2022 |
| Coastal Alabama Community CollegeSCHOLARSHIP | Bay Minette, AL | $50K | 2023 |
| Spring Hill CollegeSCHOLARSHIPS | Mobile, AL | $50K | 2023 |
| Christian Service CenterCOMMUNITY WELFARE | Lanett, AL | $45K | 2023 |
| University Of Montevallo FoundationSCHOLARSHIPS | Montevallo, AL | $35K | 2023 |
| Auburn University FoundationSCHOLARSHIPS | Auburn, AL | $35K | 2023 |
| University Of Alabama At BirminghamSCHOLARSHIPS | Birmingham, AL | $35K | 2023 |
| University Of Alabama In HuntsvilleSCHOLARSHIPS | Huntsville, AL | $35K | 2023 |
| Troy University FoundationSCHOLARSHIPS | Troy, AL | $30K | 2023 |
| University Of South AlabamaSCHOLARSHIPS | Mobile, AL | $30K | 2023 |
| Samford UniversitySCHOLARSHIPS | Birmingham, AL | $30K | 2023 |
| Mobile Symphony IncARTS AND COMMUNITY WELFARE | Mobile, AL | $21K | 2023 |
| South Baldwin Literacy CouncilEDUCATION AND COMMUNITY WELFARE | Foley, AL | $15K | 2023 |
| St Michael Catholic High SchoolEDUCATION AND COMMUNITY WELFARE | Fairhope, AL | $8K | 2023 |
| Baldwin County Youth OrchestraARTS AND COMMUNITY WELFARE | Fairhope, AL | $4K | 2023 |
| Coastal Baldwin Eductaional Enrichment FoundationSCHOLARSHIPS | Gulf Shores, AL | $3K | 2023 |
| Vanderbilt UniversitySCHOLARSHIPS | Nashville, TN | $50K | 2022 |
| Jennifer Claire Moore FoundationCOMMUNITY WELFARE | Foley, AL | $15K | 2022 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL