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Lula H Newsome Trust 1 is a private trust based in BIRMINGHAM, AL. The foundation received its IRS ruling in 2018. The principal officer is Regions Bank. It holds total assets of $239K. Annual income is reported at $154K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Lula H Newsome Trust 1 has made 3 grants totaling $39K, with a median grant of $14K. Annual giving has grown from $12K in 2021 to $27K in 2022. Individual grants have ranged from $12K to $14K, with an average award of $13K. The foundation has supported 2 unique organizations. 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.
Lula H Newsome Trust 1 primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in AL.
Lula H Newsome Trust 1 has distributed a total of $39K across 3 grants. The median grant size is $14K, with an average of $13K. Individual grants have ranged from $12K to $14K.
Lula H Newsome Trust 1 typically selects its grantees rather than accepting unsolicited proposals.
Lula H Newsome Trust 1 is headquartered in BIRMINGHAM, AL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Regions Bank Trust Dept | TRUSTEE | $5K | $0 | $5K |
Total Giving
$18K
Total Assets
$238K
Fair Market Value
$267K
Net Worth
$238K
Grants Paid
$12K
Contributions
N/A
Net Investment Income
$14K
Distribution Amount
$13K
Total Grants
3
Total Giving
$39K
Average Grant
$13K
Median Grant
$14K
Unique Recipients
2
Most Common Grant
$14K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wilmer HallGENERAL OPERATING | Mobile, AL | $14K | 2022 |
| Wilmer Hall Children'S HomeGENERAL OPERATING | Mobile, AL | $12K | 2021 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL