Cullman Savings Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CULLMAN, AL. IRS filing data is available from 2020 through 2022. In 2022, it awarded 12 grants totaling $112K. Net investment income was $22K.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$112K
+19.1% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$9K
+29.1% YoY
Under IRS private-foundation payout rules, Cullman Savings Bank Foundation reported a distributable amount of $111K for 2022 — the minimum it must pay out in qualifying distributions.
About Cullman Savings Bank Foundation
Based on IRS filings
Cullman Savings Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CULLMAN, AL. IRS filing data is available from 2020 through 2022. In 2022, it awarded 12 grants totaling $112K. Net investment income was $22K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $1,159,223 | $1,070,452 |
| Revenue | $21,843 | $183,155 | $103,601 |
| Expenses | $117,069 | $94,384 | $97,636 |
| Qualifying Distributions | $111,500 | $93,591 | — |
| Net Investment Income | $21,843 | $23,155 | $23,601 |
| Distributable Amount | $111,113 | $111,742 | $95,967 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2022
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Wallace State Future Foundation ($60,000), Cullman County Schools ($20,000), Brooks Place ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BROOKS PLACE CULLMAN, AL | PROGRAMS FOR ABUSED/ASSAULT VICTIMS | $5,000 |
| COUNTY SHOTGUN CLUB GOOD HOPE, AL | ASSIST COMMUNITY STUDENT FACILITY | $4,000 |
| CULLMAN CHRISTIAN SCHOOL CULLMAN, AL | ASSIST COMMUNITY SCHOOLS | $3,500 |
| CULLMAN COUNTY SCHOOLS CULLMAN, AL | ASSIST COMMUNITY SCHOOLS | $20,000 |
| HOPE HORSES INC CULLMAN, AL | ASSISTANCE FOR DISABLED CHILDREN | $5,000 |
| JOHNNY MAC SOLDIERS FUND INC ASHBURN, VA | ASSISTANCE TO VETERANS AND FAMILIES | $1,000 |
| NORTH ALABAMA AGRIPLEX FOUNDATION CULLMAN, AL | ASSIST COMMUNITY AGRICULTURE | $2,500 |
| RESTORING WOMEN OUTREACH CULLMAN, AL | ASSIST WOMEN DRUG/ALCOHOL ADDICTION | $2,500 |
| WALLACE STATE FUTURE FOUNDATION HANCEVILLE, AL | PAYMENT FOR SCHOLARSHIP FOR STUDENTS | $60,000 |
| BAILEY QUICK CULLMAN, AL | PAYMENT TO ASSIST INDIGENT FAMILY | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN A RILEY III | BOARD OF DIR | — | — |
| NANCY MCCLELLAN | BOARD OF DIR | — | — |
| GREG BARKSDALE | BOARD OF DIR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cullman Savings Bank Foundation?
Cullman Savings Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CULLMAN, AL. It holds — in total assets as of 2022.
Where does Cullman Savings Bank Foundation operate?
Cullman Savings Bank Foundation has awarded grants in Alabama, Virginia.
What size grants does Cullman Savings Bank Foundation award?
In 2022, Cullman Savings Bank Foundation awarded 12 grants totaling $112K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Cullman Savings Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Cullman Savings Bank Foundation reported a distributable amount of $111K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cullman Savings Bank Foundation's EIN?
Cullman Savings Bank Foundation's EIN (Employer Identification Number) is 27-0667288. IRS Form 990 filing data is available on this page for 2020–2022.
Explore Open Grants
Browse active grant opportunities in Cullman Savings Bank Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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