Bynum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 5 grants totaling $72K. Net investment income was $66K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-0.9% YoY
Annual Giving
$72K
-37.8% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$14K
-25.4% YoY
Under IRS private-foundation payout rules, Bynum Foundation reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.
About Bynum Foundation
Based on IRS filings
Bynum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 5 grants totaling $72K. Net investment income was $66K.
Focus Areas
Ready to take the next step with Bynum Foundation?
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 | $1,363,939 | $1,375,805 | $2,439,781 |
| Revenue | $90,042 | $-246,192 | $3,947 |
| Expenses | $101,894 | $161,094 | $137,975 |
| Qualifying Distributions | $78,297 | $128,995 | $129,233 |
| Net Investment Income | $66,308 | — | — |
| Distributable Amount | $75,820 | $81,530 | $78,910 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Imagination Library Inc ($20,000), Main Street Scottsboro ($20,000), One Child ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED METHODIST CHURCH BIRMINGHAM, AL | GENERAL OPERATING | $5,000 |
| JACKSON COUNTY HISTORICAL ASSOCIATION SCOTTSBORO, AL | GENERAL OPERATING | $6,500 |
| IMAGINATION LIBRARY INC ANDALUSIA, AL | GENERAL OPERATING | $20,000 |
| MAIN STREET SCOTTSBORO SCOTTSBORO, AL | GENERAL OPERATING | $20,000 |
| ONE CHILD FREMONT, CA | GENERAL OPERATING | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW SKELTON | CHAIRMAN | 1 | $1,000 |
| COLLEEN SKELTON | BOARD MEMBER | 1 | $2,000 |
| WILLIAM TALLY | BOARD MEMBER | 1 | $2,000 |
| GRAHAM SKELTON | BOARD MEMBER | 1 | $1,000 |
| REGIONS BANK | TRUSTEE | 1 | $19,986 |
| MARK SCOTT SKELTON JR | BOARD MEMBER | 1 | $2,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bynum Foundation?
Bynum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $1.4M in total assets as of 2024.
How large is Bynum Foundation?
As of 2024, Bynum Foundation holds $1.4M in total assets with $90K in annual revenue. It awarded 5 grants totaling $72K in 2024.
Where does Bynum Foundation operate?
Bynum Foundation has awarded grants in Alabama, California, Tennessee.
What size grants does Bynum Foundation award?
In 2024, Bynum Foundation awarded 5 grants totaling $72K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Bynum Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bynum Foundation reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bynum Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Foundation of Marshall Medical
GUNTERSVILLE, AL
Assets
$2.7M
Grants
1
Total Given
$225K
Gamma Theta Educational Foundation Inc
TUSCALOOSA, AL
Assets
—
Grants
0
Total Given
—
The Starfish Project
HOOVER, AL
Assets
$2K
Grants
0
Total Given
—
Michael Nix Arts Scholarship a Non Profit Corp
LEXINGTON, AL
Assets
$461
Grants
0
Total Given
—
Raquib Family Waqf Foundation
BIRMINGHAM, AL
Assets
$759K
Grants
1
Total Given
$86K
A Hays Zieman & Christine B Zieman
MOBILE, AL
Assets
$1.0M
Grants
10
Total Given
$40K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Bynum Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Bynum Foundation to a real strategy.