THE TRUST SEEKS TO SUPPORT AND IMPROVE EDUCATIONAL EXCELLENCE AT ALABAMA STATE UNIVERSITY (THE UNIVERSITY) THROUGH THE FOLLOWING: (1) GRANTING OF ACADEMIC SCHOLARSHIPS AT THE UNIVERSITY, (2) ENDOWMENT OF ACADEMIC CHAIRS, (3) SUBSIDIZING OF CURRENT FACULTY POSITIONS AND (4) PAYMENT OF FEES AND EXPENSES FOR CAMPUS LECTURES AND LECTURE SERIES ON THE UNIVERSITY'S CAMPUS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$113.1M
+7.0% YoY
Annual Giving
$2.3M
Grant Count
1
Avg Grant Size
$2.3M
About Alabama State University Trust
Based on IRS filings
Alabama State University Trust is a nonprofit organization focused on Education, based in MONTGOMERY, AL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $113.1M in total assets. In 2024, it awarded 1 grants totaling $2.3M. Net investment income was $5.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $113,149,368 | $105,702,662 | $101,922,073 |
| Revenue | $5,940,422 | $-1,908,486 | $5,237,608 |
| Expenses | $2,996,033 | $2,682,272 | $1,038,002 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $5,905,979 | $-2,008,256 | $5,161,915 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENDA HUNTER | PRESIDENT | — | — |
| DELBERT MADISON | PRESIDENT PROTEM | 1 | — |
| NAPOLEON BRACY JR | MEMBER | 1 | — |
| PAULETTE EDWARDS | MEMBER | 1 | — |
| LARAUNCE FLEMING | MEMBER | 1 | — |
| GEORGE GORE | MEMBER | 1 | — |
| DARRELL L HUDSON | MEMBER | 1 | — |
| MARIO LUMZY | MEMBER | 1 | — |
| TIFFANY B MCCORD | MEMBER | 1 | — |
| ANGELA MCKENZIE | MEMBER | 1 | — |
| LARRY MEANS | MEMBER | 1 | — |
| CHRISTOPHER SPENCER | MEMBER | 1 | — |
| PAMELA J WARE | MEMBER | 1 | — |
| JOE WHITT SR | MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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