Reese Phifer Jr Memorial Foundation

Organization Overview

Reese Phifer Jr Memorial Foundation is located in Tuscaloosa, AL. The organization was established in 1967. 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. Reese Phifer Jr Memorial 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 12/2023, Reese Phifer Jr Memorial Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.9% each year . All expenses for the organization totaled $284.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Reese Phifer Jr Memorial Foundation has awarded 190 individual grants totaling $964,650. 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)Compensation
Beverly Phifer
Trustee
$0
Susan Phifer Cork
Trustee
$0
Karen Phifer Brooks
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,400,000
Interest on Savings $0
Dividends & Interest $87,721
Net Rental Income$0
Net Gain on Sale of Assets -$25,630
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,462,091

Grants Awarded

Over the last fiscal year, Reese Phifer Jr Memorial Foundation has awarded $262,850 in support to 49 organizations.

Grant RecipientAmount

ARTS AND AUTISM

PURPOSE: ANNUAL GIVING

$1,000

CARING DAYS

PURPOSE: ANNUAL GIVING

$1,000

CATHOLIC SOCIAL SERVICES OF WEST ALABAMA

PURPOSE: ANNUAL GIVING

$100

CHAMBER OF COMMERCE (ADOPT A SCHOOL)

PURPOSE: AAS, GOLF, MONUMENT

$3,600

COMMUNITY FOUNDATION OF WEST ALABAMA

PURPOSE: SD ALLEN MINISTRIES

$500

COMMUNITY SOUP BOWL

PURPOSE: ANNUAL GIVING

$1,000
View Grant Profile

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