Cullman Savings Bank Foundation
Cullman Savings Bank Foundation is a private foundation based in Cullman, Alabama. Its 2022 filing is marked as the organization’s final return, indicating that it appears to have wound down or stopped grantmaking.
Cullman Savings Bank Foundation at a glance
In short: Cullman Savings Bank Foundation gave $112K across 12 grants in 2022 (avg $9K), mostly in Alabama. 58% of 2022 grantees were new. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $111,500
- +19.1% vs 2021
- Grants made (2022)
- 12
- -7.7% vs 2021
- Average grant
- $9,292
- +29.1% vs 2021
- Median grant
- $3,750
- New grantees (estimate)
- 58% first-time grantees (7 of 12, 2022; small sample)
- Primary geography
- Alabama (99% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Cullman Savings Bank Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation stated in its 2022 final filing that it contributed only to preselected charitable organizations and does not accept unsolicited requests for funds. The filing provides no application process for outside applicants.
- Contact
Mailing address: 316 Second Avenue Sw, Cullman, AL 35055
Phone: (256) 734-1740
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cullman Savings Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2022
The largest 2022 recipient was Wallace State Future Foundation ($60K). Together the top 10 received $109K.
Organizations only. It also paid 1 grant to individuals ($2,500), which are not listed by name.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 32 grants of 35 (91%).
Geographic Focus
Where this funder awards grants
In 2022, 99% of grant dollars went to recipients in Alabama and 1% to recipients in Virginia. The listed grants show support for organizations in Cullman and other Alabama communities, as well as one Virginia-based recipient.
Grant Distribution by State
Share of 2022 grant dollars across all 12 itemized grants.
Cities
Is Cullman Savings Bank Foundation open to new grantees?
58%
first-time grantees, 2022
In 2022, 7 of 12 grantees (58%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $5K; repeat grants $15K. How we count
Medians: $3K first-time, $5K repeat.
- 42% of 2022 grantees were also funded in 2021. Method
- In 2022 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2022). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $94K (2021) to $112K (2022). In 2022 it made 12 grants totaling $112K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wallace State Future Foundation Hanceville, AL | Payment for Scholarship for Students | $60,000 |
| Cullman County Schools Cullman, AL | Assist Community Schools | $20,000 |
| Brooks Place Cullman, AL | Programs for Abused/Assault Victims | $5,000 |
| Hope Horses Inc Cullman, AL | Assistance for Disabled Children | $5,000 |
| University of Alabama at Birmingham Birmingham, AL | Payment for Scholarship for Students | $5,000 |
| County Shotgun Club Good Hope, AL | Assist Community Student Facility | $4,000 |
| Cullman Christian School Cullman, AL | Assist Community Schools | $3,500 |
| North Alabama Agriplex Foundation Cullman, AL | Assist Community Agriculture | $2,500 |
| Restoring Women Outreach Cullman, AL | Assist Women Drug/Alcohol Addiction | $2,500 |
| 1 grant to individuals Recipients not named | — | $2,500 |
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Financial History
Multi-year comparison from IRS filings
— = not provided for that year.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $21,843 | $117,069 | $111,500 | 12 | $111,500 | $21,843 | $111,113 |
| 2021 | $1,159,223 | $183,155 | $94,384 | $93,591 | 13 | $93,591 | $23,155 | $111,742 |
| 2020 | $1,070,452 | $103,601 | $97,636 | $94,510 | 10 | — | $23,601 | $95,967 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2022 grants included support for schools and student scholarships, programs for abuse survivors and people with disabilities, addiction recovery, agriculture, veterans and families, and an indigent family.
Grantee descriptions provide additional context: Hope Horses Inc. says it provides therapeutic and recreational horseback riding for people with disabilities in Cullman County and surrounding areas. Cullman Christian School describes its work as academic education from pre-kindergarten through grade 12. North Alabama Agriplex Foundation says its mission includes preserving agricultural heritage, educating and feeding neighbors, and promoting a sustainable future. Restoring Women Outreach Inc. says it assists women experiencing addiction and supports their return to productive roles in society. Johnny Mac Soldiers Fund Inc. says it helps soldiers and their families pursue education through financial assistance.
Grantmaking
In 2022, the foundation reported 12 grants totaling $111,500. Grant amounts ranged from $500 to $60,000, with a median of $3,750.
Largest reported grants included $60,000 to Wallace State Future Foundation for student scholarships; $20,000 to Cullman County Schools to assist community schools; $5,000 each to Brooks Place, Hope Horses Inc., and the University of Alabama at Birmingham; and $4,000 to County Shotgun Club. Other listed recipients included Cullman Christian School ($3,500), North Alabama Agriplex Foundation ($2,500), Restoring Women Outreach ($2,500), an individual recipient ($2,500), Johnny Mac Soldiers Fund Inc. ($1,000), and West Elementary School ($500).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2022 filing listed John A. Riley III, Nancy McClellan, and Greg Barksdale as members of the board of directors.
Cullman Savings Bank Foundation's 2022 filing lists 3 officers; none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Greg Barksdale
Board of Director
On filings since 2020
No compensation reported
John A. Riley III
Board of Director
On filings since 2020
No compensation reported
Nancy McClellan
Board of Director
On filings since 2021
No compensation reported
Former officers (1)
- Former: Nancy McCllelan (2020) — Board of Director
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cullman Savings Bank Foundation
How much does Cullman Savings Bank Foundation give each year?
Cullman Savings Bank Foundation gave $112K across 12 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $94K across 13 grants.
What is Cullman Savings Bank Foundation's typical grant size?
Cullman Savings Bank Foundation's median grant in 2022 was $3,750, and its average grant was $9,292, across 12 grants on its 2022 IRS Form 990-PF. Organizations receiving their first grant from Cullman Savings Bank Foundation that year got $5K on average.
Where does Cullman Savings Bank Foundation give grants?
Cullman Savings Bank Foundation gives mostly in Alabama: 99% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cullman, AL (7 grants).
Does Cullman Savings Bank Foundation give general operating support?
Not in 2022: none of the 12 grants with a stated purpose on Cullman Savings Bank Foundation's 2022 IRS Form 990-PF were described as general or operating support.
Who are Cullman Savings Bank Foundation's largest grantees?
Cullman Savings Bank Foundation's largest 2022 grantees include Wallace State Future Foundation ($60,000), Cullman County Schools ($20,000) and Brooks Place ($5,000), according to its 2022 IRS Form 990-PF. It also paid 1 grant to individuals ($2,500), which are not listed by name. Together they received 76% of its itemized 2022 grant dollars.
What does Cullman Savings Bank Foundation fund?
No mission statement for the foundation is provided. Its 2022 grants included support for schools and student scholarships, programs for abuse survivors and people with disabilities, addiction recovery, agriculture, veterans and families, and an indigent family. See mission & focus areas ↑
How do I apply for a grant from Cullman Savings Bank Foundation?
The foundation stated in its 2022 final filing that it contributed only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Cullman Savings Bank Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 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
- 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 May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- IRS filings on file for fiscal years 2020–2022
Explore Open Grants
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Cullman Savings Bank Foundation down — hundreds of funders to go?