Bynum Foundation

Private foundation · Grantmaker Birmingham, AL EIN: 20-3859323

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

3states

Share of the 2025 grant dollars on its one itemized grant.

Cities

ScottsboroAndalusiaBirminghamFremontRainsvilleScottsbororSevierville

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M4 grants2019 4 grants2020 4 grants2021 8 grants2022 6 grants2023 5 grants2024 1 grant2025

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

Main Street Scottsboro: $1.3MMain Street Scottsboro$1.3M

The largest 2025 recipient was Main Street Scottsboro ($1.3M).

Grant Size Distribution

24 grants across all recorded years

22<$50K1$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 22 grants of 24 (92%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Main Street Scottsboro Scottsboro, ALGeneral Operating$1,323,494

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
  3. 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

Regions Bank Trust Dept — Trustee: $15KRegions Bank Trust DeptTrustee$15KAndrew Skelton — Chairman: $1KAndrew SkeltonChairman$1KColleen Skelton — Board Member: $1KColleen SkeltonBoard Member$1KWilliam Tally — Board Member: $1KWilliam TallyBoard Member$1KGraham Skelton — Board Member: $1KGraham SkeltonBoard Member$1KMark Scott Skelton Jr — Board Member: $1KMark Scott Skelton JrBoard Member$1K

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.

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