Butera and Jacobs Family Foundation

MOBILE, AL EIN: 81-0940216

Butera and Jacobs Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $261K in total assets. In 2024, it awarded 1 grants totaling $70K. Net investment income was $36K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$261K

+62.2% YoY

Annual Giving

$70K

-12.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$70K

-12.5% YoY

Under IRS private-foundation payout rules, Butera and Jacobs Family Foundation reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.

About Butera and Jacobs Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Butera and Jacobs Family Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $250K (100%)

States

Indiana

Cities

Indianapolis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$261,486	$161,197	$228,630
Revenue	$175,646	$17,993	$89,628
Expenses	$75,355	$85,425	$65,333
Qualifying Distributions	$73,598	$82,470	$61,350
Net Investment Income	$35,889	$15,038	$85,645
Distributable Amount	$10,700	$12,115	$15,841

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

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Us Charitable Gift Trust ($70,000).

Recipient	Purpose	Amount
US CHARITABLE GIFT TRUST INDIANAPOLIS, IN	DONATION	$70,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PHILIP J BUTERA MD	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Butera and Jacobs Family Foundation?

Butera and Jacobs Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. It holds $261K in total assets as of 2024.

How large is Butera and Jacobs Family Foundation?

As of 2024, Butera and Jacobs Family Foundation holds $261K in total assets with $176K in annual revenue. It awarded 1 grants totaling $70K in 2024.

Where does Butera and Jacobs Family Foundation operate?

Butera and Jacobs Family Foundation has awarded grants in Indiana.

What size grants does Butera and Jacobs Family Foundation award?

In 2024, Butera and Jacobs Family Foundation awarded 1 grants totaling $70K — an average of about $70K per grant, based on its IRS Form 990 filings.

How much is Butera and Jacobs Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Butera and Jacobs Family Foundation reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Butera and Jacobs Family Foundation's EIN?

Butera and Jacobs Family Foundation's EIN (Employer Identification Number) is 81-0940216. IRS Form 990 filing data is available on this page for 2020–2024.