AEL Family Foundation Inc
AEL Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FERNANDINA BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 23 grants totaling $254K. Net investment income was $508K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
+7.7% YoY
Annual Giving
$254K
-6.6% YoY
Grant Count
23
+0.0% YoY
Avg Grant Size
$11K
-6.6% YoY
Under IRS private-foundation payout rules, AEL Family Foundation Inc reported a distributable amount of $245K for 2024 — the minimum it must pay out in qualifying distributions.
About AEL Family Foundation Inc
Based on IRS filings
AEL Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FERNANDINA BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 23 grants totaling $254K. Net investment income was $508K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,690,957 | $4,355,401 | $4,458,470 |
| Revenue | $1,027,865 | $187,682 | $56,168 |
| Expenses | $273,182 | $288,971 | $323,721 |
| Qualifying Distributions | $253,749 | $271,623 | $272,840 |
| Net Investment Income | $507,969 | $170,334 | $42,047 |
| Distributable Amount | $244,794 | $234,982 | $237,032 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
119 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Conservative Partnership Institute ($50,000), Personal Policy Operations ($50,000), Camp Sunshine ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Shriners Hospitals Tampa, FL | Unrestricted Grant. | $5,000 |
| Heritage Foundation Washington, DC | Unrestricted Grant. | $10,000 |
| MGH Foundation Talledega, AL | Marianna Greene Henry Special Equestrian Program Grant. | $10,000 |
| Women's Auxiliary Piedmont Hospital Atlanta, GA | Unrestricted Grant. | $10,000 |
| USO Washington, DC | Unrestricted Grant. | $1,003 |
| Boys Girls Club of Nassau Co Found Fernandina Beach, FL | Unrestricted Grant. | $5,000 |
| Camp Sunshine Decatur, GA | Unrestricted Grant. | $15,000 |
| US Constitution Scholarship Foundat Fernandina Beach, FL | Unrestricted Grant. | $10,000 |
| Mayo Clinic Jacksonville, FL | Unrestricted Grant. | $10,000 |
| Emory School of Nursing Atlanta, GA | Unrestricted Grant. | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elizabeth Odom | President | — | — |
| Roderick Odom | Treasurer | — | — |
| Patricia Odom | Director | — | — |
| Dorothy Odom | Director | — | — |
| Catherine Hawkins | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is AEL Family Foundation Inc?
AEL Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FERNANDINA BEACH, FL. It holds $4.7M in total assets as of 2024.
How large is AEL Family Foundation Inc?
As of 2024, AEL Family Foundation Inc holds $4.7M in total assets with $1.0M in annual revenue. It awarded 23 grants totaling $254K in 2024.
Where does AEL Family Foundation Inc operate?
AEL Family Foundation Inc has awarded grants in Alabama, Arizona, Colorado, District of Columbia, Florida, Georgia, New York, Pennsylvania, Virginia.
What size grants does AEL Family Foundation Inc award?
In 2024, AEL Family Foundation Inc awarded 23 grants totaling $254K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is AEL Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, AEL Family Foundation Inc reported a distributable amount of $245K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is AEL Family Foundation Inc's EIN?
AEL Family Foundation Inc's EIN (Employer Identification Number) is 26-0445549. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in AEL Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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