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Lula Newsome Charitable Trust No 2 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 $636K. Annual income is reported at $232K. 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 2020 to 2023. According to available records, Lula Newsome Charitable Trust No 2 has made 3 grants totaling $107K, with a median grant of $37K. Annual giving has grown from $33K in 2021 to $75K in 2022. Individual grants have ranged from $33K to $37K, with an average award of $36K. 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 Newsome Charitable Trust No 2 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 Newsome Charitable Trust No 2 has distributed a total of $107K across 3 grants. The median grant size is $37K, with an average of $36K. Individual grants have ranged from $33K to $37K.
Lula Newsome Charitable Trust No 2 typically selects its grantees rather than accepting unsolicited proposals.
Lula Newsome Charitable Trust No 2 is headquartered in BIRMINGHAM, AL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Regions Bank Trust Dept | TRUSTEE | $10K | $0 | $10K |
Total Giving
$43K
Total Assets
$639K
Fair Market Value
$698K
Net Worth
$639K
Grants Paid
$32K
Contributions
N/A
Net Investment Income
$30K
Distribution Amount
$33K
Total Grants
3
Total Giving
$107K
Average Grant
$36K
Median Grant
$37K
Unique Recipients
2
Most Common Grant
$37K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Episcopal Foundation Attn Terry RogersGENERAL OPERATING | Birmingham, AL | $37K | 2022 |
| Episcopal FoundationGENERAL OPERATING | Birmingham, AL | $33K | 2021 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL