The Cadence Bank Foundation is a corporate foundation established in 1999 and headquartered in Tupelo, Mississippi. As a 501(c)(3) organization, it operates as a grantmaking foundation with a broad philanthropic reach across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.2M
+6.0% YoY
Annual Giving
$2.0M
-9.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.0M
-9.2% YoY
Mission & Focus Areas
The foundation does not provide a publicly stated mission statement. However, based on its grantmaking activity, the foundation supports organizations involved with:
- Orchestras
- Secondary and higher education
- Legal aid
- Housing
- Youth development
- Human services
Grantmaking
The foundation distributed $150,000 through its Cadence Cares Holiday Program to seven nonprofits in the Southeast United States.
Grant Range
$10,000
Average Grant
$10,000
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Geographic Focus
Where this funder awards grants
The foundation has a broad geographic funding footprint across the United States, including:
- Major urban centers: Atlanta, Dallas, New York
- Smaller communities: Booneville, Walnut Ridge
- States with documented funding: Alabama, Arkansas, California, Florida, Georgia, Idaho, Illinois, Louisiana, Mississippi, Missouri, New Jersey, New Mexico, New York, South Carolina, Tennessee, Texas, Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $40,770,001
- Total Revenue: $6,095,526
- Total Expenses: $2,314,278
- Total Liabilities: $0
Revenue Breakdown (2023):
- Total grants and contributions: $5,000,000
- Investment income and dividends: $957,769
- Net gain from sale of non-inventory assets: $251,995
- Miscellaneous revenues: -$114,238
Staffing:
- 1 employee on staff
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,231,413 | $40,770,001 | $37,762,602 |
| Revenue | $4,581,311 | $6,095,526 | $1,251,475 |
| Expenses | $2,135,787 | $2,314,278 | $1,928,244 |
| Qualifying Distributions | $2,065,021 | $2,255,329 | $1,815,449 |
| Net Investment Income | $1,997,589 | $1,027,278 | $1,126,142 |
| Distributable Amount | $2,341,890 | $1,859,120 | $1,804,380 |
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
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Terry L Mobley – Officer
- Ron Mills – Trustee
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation awarded $150,000 to seven nonprofits through its annual Cadence Cares Holiday Program, supporting organizations across the Southeast United States.
Cadence Bank Awards $150,000 to Seven Nonprofits Through Its Annual CadenceSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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