Tav Foundation
- Assets
- $1.3m
- Revenue
- -$10.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Fairhope, AL
- Founding
- 06/1986
- Data as of
- 12/2023
- EIN
- 63-0919414
Organization Overview
Tav Foundation is located in Fairhope, AL. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tav Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Tav Foundation has awarded 209 individual grants totaling $444,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION MADE LUMP SUM EDUCATIONAL SCHOLARSHIPS FOR 29 INDIVIDUALS ATTENDING VARIOUS ACCREDITED INSTITUTIONS OF HIGHER EDUCATION. THESE FUNDS WERE DISBURSED DIRECTLY TO THE INSTITUTIONS OF HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Knight Vice President & Director | 0 | $0 | |
J Kenneth Hanak Treasurer & Director | 0 | $0 | |
Harriet Outlaw Secretary & Director | 8 | $10,000 | |
Brenda Haskew President & Director | 0 | $0 | |
Agnes Smith Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$53,746 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | -$10,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,763 |
| Total operating and administrative expenses | $19,541 |
| Contributions, gifts, grants paid | $58,000 |
| Total expenses and disbursements | $77,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,417 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,251,592 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tav Foundation has awarded $58,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL BURGESS UNIVERSITY OF PITTSBURGH PURPOSE: COLLEGE TUITION SCHOLARSHIP | $2,000 |
ANDREW DONALD COASTAL ALABAMA COMMUNITY COLLEGE PURPOSE: COLLEGE TUITION SCHOLARSHIP | $2,000 |
ANYA HEISS UNIVERSITY OF SOUTH ALABAMA PURPOSE: COLLEGE TUITION SCHOLARSHIP | $2,000 |
ARIANNA JONES UNIVERSITY OF ALABAMA PURPOSE: COLLEGE TUITION SCHOLARSHIP | $2,000 |
AVA ANDERSON COASTAL ALABAMA COMMUNITY COLLEGE PURPOSE: COLLEGE TUITION SCHOLARSHIP | $2,000 |
BAYLEE LUECK-WEST UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: COLLEGE TUITION SCHOLARSHIP | $2,000 |