Ione C Davis Trust

BIRMINGHAM, AL EIN: 35-6413272

Ione C Davis Trust is a private foundation focused on Education, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 5 grants totaling $155K. Net investment income was $311K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.8M

+5.4% YoY

Annual Giving

$155K

-2.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$31K

-2.6% YoY

Under IRS private-foundation payout rules, Ione C Davis Trust reported a distributable amount of $182K for 2024 — the minimum it must pay out in qualifying distributions.

About Ione C Davis Trust

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $609K (70%)

District of Columbia $143K (16%)

Illinois $71K (8%)

Mississippi $31K (4%)

Virginia $16K (2%)

States

District of Columbia Illinois Indiana Mississippi Virginia

Cities

AlexandriaFrankfortGoshenGreenvilleHoffman EstatesIndianapolisKokomoWashingtonWest Lafayette

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,788,990	$2,646,938	$2,648,060
Revenue	$357,314	$214,743	$107,835
Expenses	$215,171	$214,550	$248,674
Qualifying Distributions	$165,479	$170,322	$202,433
Net Investment Income	$311,240	$171,962	$65,153
Distributable Amount	$181,522	$165,425	$174,122

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Purdue University ($62,170), American Red Cross ($31,085), Indiana Univ School of Medicine Co ($31,085).

Recipient	Purpose	Amount
AMERICAN RED CROSS GREENVILLE, MS	GENERAL OPERATING	$31,085
THE SALVATION ARMY ALEXANDRIA, VA	GENERAL OPERATING	$15,543
PURDUE UNIVERSITY GOSHEN, IN	GENERAL OPERATING	$62,170
ST VINCENT FRANKFORT HOSP FOUND KOKOMO, IN	GENERAL OPERATING	$15,543
INDIANA UNIV SCHOOL OF MEDICINE CO INDIANAPOLIS, IN	SCHOLARSHIPS	$31,085

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REGIONS BANK	TRUSTEE	1	$45,263

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Ione C Davis Trust?

Ione C Davis Trust is a private foundation focused on Education, based in BIRMINGHAM, AL. It holds $2.8M in total assets as of 2024.

How large is Ione C Davis Trust?

As of 2024, Ione C Davis Trust holds $2.8M in total assets with $357K in annual revenue. It awarded 5 grants totaling $155K in 2024.

Where does Ione C Davis Trust operate?

Ione C Davis Trust has awarded grants in District of Columbia, Illinois, Indiana, Mississippi, Virginia.

What size grants does Ione C Davis Trust award?

In 2024, Ione C Davis Trust awarded 5 grants totaling $155K — an average of about $31K per grant, based on its IRS Form 990 filings.

How much is Ione C Davis Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ione C Davis Trust reported a distributable amount of $182K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.