Gertrude V Turner Crat

BIRMINGHAM, AL EIN: 63-6105006

Gertrude V Turner Crat is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $3.1M in total assets. In 2023, it awarded 1 grants totaling $189K. Net investment income was $157K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$3.1M

-1.3% YoY

Annual Giving

$189K

-1.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$189K

-1.0% YoY

Under IRS private-foundation payout rules, Gertrude V Turner Crat reported a distributable amount of $179K for 2023 — the minimum it must pay out in qualifying distributions.

About Gertrude V Turner Crat

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Mississippi $722K (100%)

States

Mississippi

Cities

Jackson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$3,076,834	$3,118,713	$3,220,967
Revenue	$188,275	$137,196	$353,824
Expenses	$228,231	$237,903	$224,420
Qualifying Distributions	$197,252	$199,512	$184,481
Net Investment Income	$156,620	$104,423	$315,165
Distributable Amount	$178,777	$186,214	$210,005

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 2023

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Old Ladies Home Association ($189,346).

Recipient	Purpose	Amount
OLD LADIES HOME ASSOCIATION JACKSON, MS	SUPPORT OF NURSING HOME	$189,346

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
REGIONS BANK TRUST DEPT	TRUSTEE	1	$34,529

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Gertrude V Turner Crat?

Gertrude V Turner Crat is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $3.1M in total assets as of 2023.

How large is Gertrude V Turner Crat?

As of 2023, Gertrude V Turner Crat holds $3.1M in total assets with $188K in annual revenue. It awarded 1 grants totaling $189K in 2023.

Where does Gertrude V Turner Crat operate?

Gertrude V Turner Crat has awarded grants in Mississippi.

What size grants does Gertrude V Turner Crat award?

In 2023, Gertrude V Turner Crat awarded 1 grants totaling $189K — an average of about $189K per grant, based on its IRS Form 990 filings.

How much is Gertrude V Turner Crat required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Gertrude V Turner Crat reported a distributable amount of $179K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.