Bynum Foundation
Bynum Foundation is a private foundation, based in Birmingham, AL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $288K in total assets. In 2025, it awarded 1 grant totaling $1.3M. Net investment income was $258K.
Key facts about Bynum Foundation
In short: Bynum Foundation gave $1.3M across 1 grant in 2025 (avg $1.3M), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- EIN
- 20-3859323
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,323,494
- Grants made (2025)
- 1
- Average grant
- $1,323,494
- Median grant
- $1,323,494
- Total assets
- $287,997
- Primary geography
- Alabama (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$288K
-78.9% YoY
Annual Giving
$1.3M
+1751.0% YoY
Grant Count
1
-80.0% YoY
Avg Grant Size
$1.3M
+9155.2% YoY
Under IRS private-foundation payout rules, Bynum Foundation reported a distributable amount of $54K for 2025 — the minimum it must pay out in qualifying distributions.
How Bynum Foundation gives
- Giving grew 951% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $61K (2019) to $1.3M (2025). In 2025 it made 1 grant totaling $1.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Main Street Scottsboro ($1.3M).
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 22 grants of 24 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Main Street Scottsboro Scottsboro, AL | General Operating | $1,323,494 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $287,997 | $1,363,939 | $1,375,805 |
| Revenue | $271,011 | $90,042 | $-246,192 |
| Expenses | $1,347,403 | $101,894 | $161,094 |
| Qualifying Distributions | $1,329,777 | $78,297 | $128,995 |
| Net Investment Income | $257,719 | $66,308 | — |
| Distributable Amount | $53,545 | $75,820 | $81,530 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Bynum Foundation is led by Andrew Skelton, Chairman on every filing since 2019; all 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Andrew Skelton
Chairman
On filings since 2019
1 hr/week
$2K (2020) → $1K (2025)
Regions Bank Trust Dept
Trustee
On filings since 2023
1 hr/week
$39K (2023) → $15K (2025)
Colleen Skelton
Board Member
On filings since 2019
1 hr/week
$2K (2020) → $1K (2025)
Graham Skelton
Board Member
On filings since 2019
1 hr/week
$2K (2020) → $1K (2025)
William Tally
Board Member
On filings since 2019
1 hr/week
$2K (2020) → $1K (2025)
Mark Scott Skelton Jr.
Board Member
On filings since 2024
1 hr/week
$2K (2024) → $1K (2025)
Former officers (2)
- Former: Regions Bank (2019–2024) — Trustee
- Former: Scott Skelton (2019–2023) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to Regions Bank Trust Dept (Trustee). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Bynum Foundation
How much does Bynum Foundation give each year?
Bynum Foundation gave $1.3M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $72K across 5 grants.
How large is Bynum Foundation?
Bynum Foundation reported $288K in total assets on its 2025 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets).
Where does Bynum Foundation operate?
Bynum Foundation has awarded grants in Alabama, California, Tennessee.
What is Bynum Foundation's EIN?
Bynum Foundation's EIN (Employer Identification Number) is 20-3859323. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Bynum Foundation by hand.
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