Electric Cooperative Foundation Inc
Electric Cooperative Foundation Inc is a private foundation based in Montgomery, Alabama. It awards educational scholarships to dependents of electric cooperative members across Alabama.
Electric Cooperative Foundation Inc at a glance
In short: Electric Cooperative Foundation Inc gave $180K across 131 grants in 2025 (avg $1K), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $179,500
- +9.5% vs 2024
- Grants made (2025)
- 131
- -0.8% vs 2024
- Average grant
- $1,370
- +10.3% vs 2024
- Median grant
- $1,000
- Total assets
- $444,795
- +12.4% vs 2024
- Primary geography
- Alabama (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Electric Cooperative Foundation Inc
- How to Apply
-
The filing says scholarship applications should include the applicant’s name, relationship to an electric cooperative, address and phone number, high school attended, GPA, SAT or ACT score, and intended college. Scholarships are restricted to post-secondary education for dependents of members of Alabama electric cooperatives that have contributed principal funds to the foundation. The foundation states that it does not restrict giving to preselected organizations.
- Review Cycle
- February 23, 2025; this was a past application cycle as of October 2, 2026.
- Deadline
- February 23, 2025; this was a past application cycle as of October 2, 2026.
- Contact
Application contact: Electric Cooperative Foundation Inc
Mailing address: PO Box 244014, Montgomery, AL 36124-4014
Phone: (334) 215-2732
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Electric Cooperative Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Sadie Camp ($3K). Together the top 2 received $4K.
Organizations only. It also paid 129 individual scholarships ($176,000), which are not listed by name.
Grant Size Distribution
654 grants across all recorded years
The most common grant size was under $50K: 654 grants of 654 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Alabama. The foundation’s stated scholarship activity serves dependents of electric cooperative members across Alabama.
Grant Distribution by State
Share of 2025 grant dollars across all 131 itemized grants.
States
Cities
How Electric Cooperative Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+19%). Method
- In 2025 it paid out 830% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $151K (2022) to $213K (2021). In 2025 it made 131 grants totaling $180K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 49 individual scholarships Recipients not named | — | $100,000 |
| Sadie Camp Rainsville, AL | Educational Scholarship | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $444,795 | $226,073 | $192,267 | $179,500 | 131 | $179,500 | $46,227 | $21,632 |
| 2024 | $395,629 | $218,819 | $190,658 | $164,000 | 132 | $164,000 | $45,422 | $20,374 |
| 2023 | $372,260 | $183,974 | $179,431 | $158,000 | 130 | $158,000 | $22,891 | $18,795 |
| 2022 | $375,219 | $191,450 | $173,689 | $150,500 | 124 | $150,500 | $39,690 | $19,616 |
| 2021 | $431,210 | $249,097 | $233,678 | $213,450 | 137 | $213,450 | $33,255 | $22,413 |
| 2020 | $399,647 | $225,057 | $194,652 | $174,500 | 133 | — | $46,402 | $16,455 |
Under IRS private-foundation payout rules, Electric Cooperative Foundation Inc reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated charitable activity is awarding educational scholarships. Its filing specifies that scholarships support post-secondary education for dependents of members of Alabama electric cooperatives that have contributed principal funds to the foundation.
Grantmaking
In filing year 2025, the foundation reported 131 grants totaling $179,500. Awards ranged from $500 to $6,000, with a median grant of $1,000. The largest listed award was a $6,000 educational scholarship to an individual recipient; other listed top awards were $3,000 scholarships to individual recipients.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Roland Hendon as chairman; Brian Matney as treasurer; Karl Rayborn as executive director/secretary; and Terry Edmondson, Daryl Jones, Mark Parker, and Raymond Trotter as directors.
Electric Cooperative Foundation Inc is led by Karl Rayborn, Executive Director & Secretary since 2021 (on filings since 2020); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karl Rayborn
Executive Director & Secretary
Treasurer → Executive Director & Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Roland Hendon
Chairman
On filings since 2023
1 hr/week
No compensation reported
Terry Edmondson
Director
On filings since 2023
1 hr/week
No compensation reported
Daryl Jones
Director
On filings since 2024
1 hr/week
No compensation reported
Mark Parker
Director
On filings since 2024
1 hr/week
No compensation reported
Raymond Trotter
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brian Matney
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Former officers (13)
- Former: Bruce Boswell (2024) — Director
- Former: Steve Sheffield (2021–2023) — Director
- Former: Gene Kanikovsky (2023) — Director
- Former: Phillip Bryant (2023) — Director
- Former: Parks Tubbs (2020–2022) — Director
- Former: Bobby Ballard (2021–2022) — Director
- Former: George Kitchens (2021–2022) — Director
- Former: Vince Johnson (2021–2022) — Chairman
- Former: David Bailey (2020) — Director
- Former: David Cook Jr. (2020) — Director
- Former: Fred Braswell (2020) — Executive Director & Secretary
- Former: Scott Bobo (2020) — Director
- Former: Tommie Werneth (2020) — Chairman
Data from IRS Form 990 filings, 2020–2025. "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 Electric Cooperative Foundation Inc
How much does Electric Cooperative Foundation Inc give each year?
Electric Cooperative Foundation Inc gave $180K across 131 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $164K across 132 grants.
What is Electric Cooperative Foundation Inc's typical grant size?
Electric Cooperative Foundation Inc's median grant in 2025 was $1,000, and its average grant was $1,370, across 131 grants on its 2025 IRS Form 990-PF.
Where does Electric Cooperative Foundation Inc give grants?
Electric Cooperative Foundation Inc gives mostly in Alabama: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Electric Cooperative Foundation Inc give general operating support?
Not in 2025: none of the 131 grants with a stated purpose on Electric Cooperative Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Scholarship" (130 grants).
How large is Electric Cooperative Foundation Inc?
Electric Cooperative Foundation Inc reported $445K in total assets on its 2025 IRS Form 990-PF. It paid out $180K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
What does Electric Cooperative Foundation Inc fund?
The foundation’s stated charitable activity is awarding educational scholarships. Its filing specifies that scholarships support post-secondary education for dependents of members of Alabama electric cooperatives that have contributed principal funds to the foundation. See mission & focus areas ↑
How do I apply for a grant from Electric Cooperative Foundation Inc?
The filing says scholarship applications should include the applicant’s name, relationship to an electric cooperative, address and phone number, high school attended, GPA, SAT or ACT score, and intended college. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Electric Cooperative Foundation Inc's EIN?
Electric Cooperative Foundation Inc's EIN (Employer Identification Number) is 63-1190086. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 2, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Electric Cooperative Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Electric Cooperative Foundation Inc's focus areas in our free grants database
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Electric Cooperative Foundation Inc down — hundreds of funders to go?