Cadence Bank Foundation
Cadence Bank Foundation is a private foundation based in Tupelo, Mississippi. Its 2024 filing reports a $2,006,035 general contribution to a recipient listed as “SEE ATTACHED DONEE LIST (TUPELO, MS).”
Cadence Bank Foundation at a glance
In short: Cadence Bank Foundation gave $2.0M across 1 grant in 2024 (avg $2.0M), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,006,035
- -9.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,006,035
- -9.2% vs 2023
- Median grant
- $2,006,035
- Total assets
- $43,231,413
- +6.0% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Cadence Bank Foundation
- How to Apply
-
The foundation does not restrict giving to preselected organizations. Requests should be made by letter describing the organization and the intended use of funds. Contributions are limited to 501(c) entities.
- Review Cycle
- Requests are reviewed quarterly.
- Deadline
- Requests are reviewed quarterly.
- Contact
Application contact: Cathy Freeman
Mailing address: PO Box 789, Tupelo, MS 38802
Phone: (662) 680-2000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cadence Bank Foundation funds
How this funder distributes its grants
Grant Size Distribution
148 grants across all recorded years
The most common grant size was under $50K: 131 grants of 148 (89%).
Geographic Focus
Where this funder awards grants
All reported grant dollars in filing year 2024 went to recipients in Mississippi.
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Cadence Bank Foundation gives
- Giving grew 657% from 2021 to 2024. Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $70K (2020) to $2.2M (2023). In 2024 it made 1 grant totaling $2.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Donee List Tupelo, MS | General Contribution | $2,006,035 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $43,231,413 | $4,581,311 | $2,135,787 | $2,006,035 | 1 | $2,065,021 | $1,997,589 | $2,341,890 |
| 2023 | $40,770,001 | $6,095,526 | $2,314,278 | $2,208,438 | 1 | $2,255,329 | $1,027,278 | $1,859,120 |
| 2022 | $37,762,602 | $1,251,475 | $1,928,244 | $1,790,725 | 137 | $1,815,449 | $1,126,142 | $1,804,380 |
| 2021 | $38,670,021 | $21,579,176 | $345,161 | $265,000 | 7 | $282,949 | $3,990,686 | $1,272,089 |
| 2020 | $17,811,547 | $253,841 | $136,329 | $70,000 | 2 | — | $346,495 | $865,288 |
| 2019 | $17,704,332 | $17,704,300 | $1,432,638 | $755,760 | 403 | — | $17,704,300 | $157,901 |
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 September 2026.
Grantmaking
In filing year 2024, the foundation reported one itemized grant totaling $2,006,035. The listed recipient was “SEE ATTACHED DONEE LIST (TUPELO, MS),” and the stated purpose was general contribution.
Leadership & Key People
Officers and directors from IRS filings
Cadence Bank Foundation's only listed officer is Cadence Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2024 filing
Cadence Bank
Trustee
On filings since 2021
1 hr/week
$71K (2021) → $117K (2024)
Former officers (4)
- Former: BancorpSouth Bank (2019–2020) — Trustee
- Former: Cathy Freeman (2019) — Distribution Committee Member
- Former: Chris Bagley (2019) — Distribution Committee Member
- Former: Mandy Mitchell (2019) — Distribution Committee Member
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $117K, to Cadence Bank (Trustee).
Frequently asked questions about Cadence Bank Foundation
How much does Cadence Bank Foundation give each year?
Cadence Bank Foundation gave $2.0M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.2M across 1 grant.
How large is Cadence Bank Foundation?
Cadence Bank Foundation reported $43.2M in total assets on its 2024 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $2.3M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
How do I apply for a grant from Cadence Bank Foundation?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Cadence Bank Foundation make grants?
All reported grant dollars in filing year 2024 went to recipients in Mississippi.
What is Cadence Bank Foundation's EIN?
Cadence Bank Foundation's EIN (Employer Identification Number) is 64-6217237. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2023)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Cadence Bank Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/cadence-bank-foundation-morg_6b374acf69444e65b38aa8571a7e12a1
BibTeX
@misc{grantable_646217237_2026,
author = {{Grantable}},
title = {{Cadence Bank Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cadence-bank-foundation-morg_6b374acf69444e65b38aa8571a7e12a1},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Cadence Bank Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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