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Merrill I & Grace Hanks Charitable Trust is a private trust based in MOBILE, AL. The foundation received its IRS ruling in 2012. The principal officer is Regions Bank Ttee. It holds total assets of $3.3M. Annual income is reported at $704K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. Tax records are available from 2021 to 2024. According to available records, Merrill I & Grace Hanks Charitable Trust has made 4 grants totaling $458K, with a median grant of $114K. Individual grants have ranged from $32K to $197K, with an average award of $114K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Alabama. Contributions to this foundation are tax-deductible.
No specific application information is available for this foundation. Check the 990-PF filings below for application guidelines, or visit the foundation's website if listed above.
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.
Merrill I & Grace Hanks Charitable Trust primarily funds organizations in the area of education. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in AL.
Merrill I & Grace Hanks Charitable Trust has distributed a total of $458K across 4 grants. The median grant size is $114K, with an average of $114K. Individual grants have ranged from $32K to $197K.
Merrill I & Grace Hanks Charitable Trust is a private foundation. To inquire about grants, you can look up the foundation using their EIN (616394207) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Merrill I & Grace Hanks Charitable Trust is headquartered in MOBILE, AL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Regions Bank | TRUSTEE | $58K | $0 | $58K |
Total Giving
$265K
Total Assets
$3.4M
Fair Market Value
$5.6M
Net Worth
$3.4M
Grants Paid
$198K
Contributions
N/A
Net Investment Income
$98K
Distribution Amount
$254K
Total: $3.3M
Total Grants
4
Total Giving
$458K
Average Grant
$114K
Median Grant
$114K
Unique Recipients
2
Most Common Grant
$197K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MobileTO PROVIDE SCHOLARSHIPS TO STUDENTS AT THE UNIVERSITY OF MOBILE. | Mobile, AL | $32K | 2023 |
| Alabama Baptist Children'S HomeTO PROVIDE HOUSING FOR UNDERPRIVILIGED CHILDREN IN A CHRISTIAN SETTING. | Birmingham, AL | $197K | 2023 |