Cadence Bank Foundation

TUPELO, MS EIN: 64-6217237

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

+0.0% YoY

Avg Grant Size

$2.0M

-9.2% YoY

Under IRS private-foundation payout rules, Cadence Bank Foundation reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Mississippi $4.8M (84%)

Texas $342K (6%)

Tennessee $130K (2%)

Arkansas $127K (2%)

California $90K (2%)

Alabama $80K (1%)

Georgia $56K (1%)

New York $50K (1%)

+10 more states

States

Alaska Alabama Arkansas California Florida Georgia Idaho Louisiana Minnesota Missouri Mississippi New Jersey New Mexico New York South Carolina Tennessee Texas Virginia

Cities

AlbertvilleAlbuquerqueAtlantaAustinBeltonBiloxiBirminghamBoonevilleBrandonCenter PointChicagoClevelandCollege ParkCollege StationDallasDresdenEl DoradoEvansFairfieldFayetteville

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include See Attached Donee List ($2,006,035).

Recipient	Purpose	Amount
SEE ATTACHED DONEE LIST TUPELO, MS	GENERAL CONTRIBUTION	$2,006,035

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 Cadence

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Cadence Bank Foundation fund?

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

How do I apply for a grant from Cadence Bank Foundation?

**Grant Activity:** • Average grant size: $10,000 • The foundation made approximately 30,421 grants in the previous year • Approximately 12% of new applicants receive funding • The foundation is open to new applicants **Recent Grant Awards:** The foundation distributed $150,000 through its Cadence Cares Holiday Program to seven nonprofits in the Southeast United States.

Where does Cadence Bank Foundation make 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

What size grants does Cadence Bank Foundation award?

In 2024, Cadence Bank Foundation awarded 1 grants totaling $2.0M — an average of about $2.0M per grant, based on its IRS Form 990 filings.

How much is Cadence Bank Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cadence Bank Foundation reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.