Regions Foundation
- Assets
- $110.5m
- Revenue
- $11.8m
- Investments
- $105.5m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 63-1144265
Organization Overview
Regions Foundation is located in Birmingham, AL. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community 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. Regions Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Regions Foundation generated $11.8m in total revenue. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 105.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Regions Foundation has awarded 261 individual grants totaling $16,771,767. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Abrahams President | 1 | $0 | |
Ann W Forney Vice President | 1 | $0 | |
Amanda Saint Treasurer | 1 | $0 | |
Sharon Kachelhofer Assistant Secretary | 1 | $0 | |
Christine R Strong Secretary | 1 | $0 | |
Marta Self Executive Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,929,959 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,274,287 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,606,589 |
| Capital Gain Net Income | $5,606,589 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,018,875 |
| Total Revenue | $11,829,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,079 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $195,066 |
| Total operating and administrative expenses | $679,929 |
| Contributions, gifts, grants paid | $6,509,255 |
| Total expenses and disbursements | $7,189,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,311,360 |
| Savings and temporary cash investments | $0 |
| 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 | $105,546,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $651,592 |
| Total assets | $110,509,488 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,105,000 |
| 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 | $2,105,000 |
Grants Awarded
Over the last fiscal year, Regions Foundation has awarded $6,509,255 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF GREATER BIRMINGHAM PURPOSE: GENERAL SUPPORT | $694,755 |
JEFFERSON STATE COMMUNITY COLLEGE PURPOSE: GENERAL SUPPORT | $500,000 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $250,000 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $250,000 |
ALABAMA A&M PURPOSE: GENERAL SUPPORT | $250,000 |
MILES COLLEGE PURPOSE: GENERAL SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |