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The Bynum Foundation is a private corporation based in BIRMINGHAM, AL. The foundation received its IRS ruling in 2006. The principal officer is Regions Bank Trust Dept. It holds total assets of $1.4M. Annual income is reported at $441K. Total assets have decreased from $4M in 2011 to $1.4M in 2023. The foundation is governed by 6 officers and trustees. 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 2016 to 2023. Grantmaking is concentrated in Alabama. According to available records, The Bynum Foundation has made 26 grants totaling $494K, with a median grant of $15K. The foundation has distributed between $115K and $252K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $252K distributed across 16 grants. Individual grants have ranged from $2K to $60K, with an average award of $19K. The foundation has supported 15 unique organizations. Grants have been distributed to organizations in Alabama and Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$9K
Median Grant
$10K
Average Grant
$20K
Largest Grant
$50K
Based on 4 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.
The Bynum Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in AL, TN.
The Bynum Foundation has distributed a total of $494K across 26 grants. The median grant size is $15K, with an average of $19K. Individual grants have ranged from $2K to $60K.
The Bynum Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Bynum Foundation is headquartered in BIRMINGHAM, AL. While based in AL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Regions Bank Trust Dept | TRUSTEE | $39K | $0 | $39K |
| Andrew Skelton | CHAIRMAN | $0 | $0 | N/A |
| Colleen Skelton | BOARD MEMBER | $0 | $0 | N/A |
| William Tally | BOARD MEMBER | $0 | $0 | N/A |
| Scott Skelton | BOARD MEMBER | $0 | $0 | N/A |
| Graham Skelton | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$161K
Total Assets
$1.4M
Fair Market Value
$1.5M
Net Worth
$1.4M
Grants Paid
$115K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$82K
Total Grants
26
Total Giving
$494K
Average Grant
$19K
Median Grant
$15K
Unique Recipients
15
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Scottsboro Jackson Heritage CenterGENERAL OPERATING | Scottsboro, AL | $35K | 2023 |
| Nourish One Child A Non Profit CorporatiGENERAL OPERATING | Scottsboro, AL | $20K | 2023 |
| Dollywood FoundationGENERAL OPERATING | Sevierville, TN | $20K | 2023 |
| Scottsboro Public LibraryGENERAL OPERATING | Scottsboro, AL | $15K | 2023 |
| Skyline Farms Heritage Association IncGENERAL OPERATING | Scottsboro, AL | $15K | 2023 |
| Casa Of Jackson CountyGENERAL OPERATING | Scottsboro, AL | $10K | 2023 |
| City Of ScottsboroGENERAL OPERATING | Scottsboror, AL | $35K | 2022 |
| Scottsboro Jackson Heritage Center AssocGENERAL OPERATING | Scottsboro, AL | $31K | 2022 |
| Scottsboro Downtown Redevelopment AuthorGENERAL OPERATING | Scottsboro, AL | $20K | 2022 |
| Northeast Alabama Community CollegeGENERAL OPERATING | Rainsville, AL | $11K | 2022 |
| Impact Learning CenterGENERAL OPERATING | Scottsboro, AL | $8K | 2022 |
| Jackson County Historical Association InGENERAL OPERATING | Scottsboro, AL | $5K | 2022 |
| Scottsboro Jackson Heritage CtrGENERAL OPERATING | Scottsboro, AL | $60K | 2020 |
| Scottsboro Downtown RedevelopmentGENERAL OPERATING | Scottsboro, AL | $20K | 2020 |
| Veterans Memorial Park Of JacksonGENERAL OPERATING | Scottsboro, AL | $2K | 2020 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL