BIRMINGHAM, AL

Regions Foundation

Quick Facts

EIN: 631144265
Location: BIRMINGHAM, AL
Category: Philanthropy & Grantmaking
Total Assets: $130.5M
Annual Income: $50.4M
IRS Ruling Year: 1995
Organization Type: Corporation
Principal Officer: % Regions Bank
Tax Deductibility: Contributions are deductible

About This Foundation

Regions Foundation is a private corporation based in BIRMINGHAM, AL. The foundation received its IRS ruling in 1995. The principal officer is % Regions Bank. It holds total assets of $130.5M. Annual income is reported at $50.4M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

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Financial Overview

Total Giving

$3.2M

2023+29%

Total Assets

$125.4M

2023+11%

Fair Market Value

$125.4M

2023

Net Worth

$124.7M

2023

Grants Paid

$3M

2023

Contributions

2023

Net Investment Income

$4.3M

2023

Distribution Amount

$5.3M

2023

Total Giving by Year

$1.9M

$1.1M

$968K

$339K

$405K

$3.5M

$7.6M

$7.2M

$2.5M

$3.2M

Asset Growth

$1.2M

$518K

$47K

$105K

$2K

$98.7M

$105.2M

$110.5M

$113.4M

$125.4M

Investment Portfolio (2023)

Total: $0

Other Investments: $115.2M

Cash: $3.5M

Other Investments (97%)

Cash (3%)

Expense Breakdown (2023)

Grants Paid$3M

Accounting Fees$18K

Legal Fees$10K

Revenue Sources (2023)

Dividends: $2.8M
Capital Gains (Net): $1.5M
Other Income: $13K

Financial Details (2023)

Total Revenue: $4.4M
Total Expenses: $3.2M
Exempt Purpose Expenses: $2.4M
Required Distribution: $5.3M
Undistributed Income: $4.8M
Grants Approved (Future): $700K
Total Liabilities: $700K
Excise Tax: $60K
Tax Due: $29K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$2.4M

Average Grant

$48K

Median Grant

$25K

Total Giving by Year

$695K (1 grants)

$1.7M (49 grants)

Grant Range

Min$10K

Max$695K

Median: $25K

Smallest grantLargest grant

Openness to New Grantees (2022)

100%

of 2022 grantees were first-time recipients

Geographic Distribution of Grants

IL: $15K (1)

IN: $130K (5)

MO: $60K (2)

KY: $15K (1)

DC: $100K (1)

TN: $50K (3)

NC: $25K (1)

SC: $30K (1)

LA: $141K (4)

MS: $100K (4)

AL: $1.3M (12)

GA: $130K (4)

FL: $205K (8)

TX: $100K (3)

AL$1.3M (12)

FL$205K (8)

LA$141K (4)

GA$130K (4)

IN$130K (5)

DC$100K (1)

Past Grantees

Recipient	Location	Amount	Year
Alabama School Of Math & ScienceGENERAL SUPPORT	Mobile, AL	$250K	2022
American Red CrossDISASTER ASSISTANCE	Washington, DC	$100K	2022
Teach For America - AlabamaGENERAL SUPPORT	Birmingham, AL	$55K	2022
Automotive Training CenterGENERAL SUPPORT	East Point, GA	$50K	2022
United Way Of Lee CountyDISASTER ASSISTANCE	Opelika, AL	$50K	2022
Community Service Programs Of West Al IncGENERAL SUPPORT	Tuscaloosa, AL	$50K	2022
Offender Alumni AssociationGENERAL SUPPORT	Birmingham, AL	$50K	2022
BastionGENERAL SUPPORT	New Orleans, LA	$50K	2022
PeoplefundGENERAL SUPPORT	Austin, TX	$50K	2022
Tampa Metropolitan YmcaGENERAL SUPPORT	Tampa, FL	$45K	2022
Starkloff Disability InstituteGENERAL SUPPORT	St Louis, MO	$40K	2022
Emerge FoundationGENERAL SUPPORT	Baton Rouge, LA	$36K	2022
Collier Community FoundationDISASTER ASSISTANCE	Naples, FL	$35K	2022
Kids To LoveGENERAL SUPPORT	Madison, AL	$30K	2022
Indiana Latino InstituteGENERAL SUPPORT	Indianapolis, IN	$30K	2022
The Hub Urban MinistriesGENERAL SUPPORT	Shreveport, LA	$30K	2022
Trident Technical CollegeGENERAL SUPPORT	North Charleston, SC	$30K	2022
Ga Tech Leap ProgramGENERAL SUPPORT	Atlanta, GA	$30K	2022
Career EdgeGENERAL SUPPORT	Sarasota, FL	$30K	2022
Envision DallasGENERAL SUPPORT	Dallas, TX	$30K	2022
Bosma Visionary Opportunities FoundationGENERAL SUPPORT	Indianapolis, IN	$30K	2022
Lighthouse Of OrlandoGENERAL SUPPORT	Orlando, FL	$30K	2022
Dress For Success IndianapolisGENERAL SUPPORT	Indianapolis, IN	$30K	2022
Create BirminghamGENERAL SUPPORT	Birmingham, AL	$25K	2022
Hope InstituteGENERAL SUPPORT	Auburn, AL	$25K	2022
Birmingham Education FoundationGENERAL SUPPORT	Birmingham, AL	$25K	2022
Goodwill Of Central FloridaGENERAL SUPPORT	Orlando, FL	$25K	2022
Goodwill Industries Of The Southern PiedmontGENERAL SUPPORT	Charlotte, NC	$25K	2022
Jl King CenterGENERAL SUPPORT	Starkville, MS	$25K	2022
United Way Of The Capital AreaDISASTER ASSISTANCE	Jackson, MS	$25K	2022
Wesley Community CenterGENERAL SUPPORT	Atlanta, GA	$25K	2022
Al Council On Economic EducationGENERAL SUPPORT	Birmingham, AL	$25K	2022
Salvation Army (Alm Division)GENERAL SUPPORT	Jackson, MS	$25K	2022
Ga Council On Economic EducationGENERAL SUPPORT	Atlanta, GA	$25K	2022
Rebuilding Together New OrleansDISASTER ASSISTANCE	New Orleans, LA	$25K	2022
Mississippi Council On Economic EducationGENERAL SUPPORT	Jacksonville, MS	$25K	2022
Harry Chapin Food BankDISASTER ASSISTANCE	Fort Myers, FL	$20K	2022
Girls Inc Of St LouisGENERAL SUPPORT	St Louis, MO	$20K	2022
Dismas House Of NashvilleGENERAL SUPPORT	Nashville, TN	$20K	2022
Girls Inc Of IndianapolisGENERAL SUPPORT	Indianapolis, IN	$20K	2022
Second HelpingsGENERAL SUPPORT	Indianapolis, IN	$20K	2022
Girls Inc Of BirminghamGENERAL SUPPORT	Birmingham, AL	$20K	2022
Opportunities Inc (Texarkana Special Education Center)GENERAL SUPPORT	Texarkana, TX	$20K	2022
Catholic Charities Of NashvilleGENERAL SUPPORT	Nashville, TN	$15K	2022
Mayfield Graves County Long Term Recovery GroupDISASTER ASSISTANCE	Mayfield, KY	$15K	2022
Macon Resources IncGENERAL SUPPORT	Decatur, IL	$15K	2022
Code CrewGENERAL SUPPORT	Memphis, TN	$15K	2022
Feeding Tampa BayDISASTER ASSISTANCE	Tampa, FL	$10K	2022
Second Harvest Food Bank Of Central FloridaDISASTER ASSISTANCE	Orlando, FL	$10K	2022
Ymca Of Greater BirminghamGENERAL SUPPORT	Birmingham, AL	$695K	2021