Jay and Corrine Tuthill Memorial is a private foundation focused on Education, based in HAYDEN, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 8 grants totaling $54K. Net investment income was $210K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+7.5% YoY
Annual Giving
$54K
+3.8% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$7K
+16.8% YoY
Under IRS private-foundation payout rules, Jay and Corrine Tuthill Memorial reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
About Jay and Corrine Tuthill Memorial
Based on IRS filings
Jay and Corrine Tuthill Memorial is a private foundation focused on Education, based in HAYDEN, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 8 grants totaling $54K. Net investment income was $210K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,235,492 | $1,149,083 | $1,098,996 |
| Revenue | $210,153 | $51,300 | $65,828 |
| Expenses | $59,184 | $57,928 | $29,805 |
| Qualifying Distributions | $54,000 | $52,000 | $24,500 |
| Net Investment Income | $210,153 | $51,300 | $65,828 |
| Distributable Amount | $56,991 | $54,510 | $55,533 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wallace State Community College ($18,000), Faulkner University ($12,000), University of North Alabama ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FAULKNER UNIVERSITY MONTGOMERY, AL | EDUCATIONAL | $12,000 |
| FRIENDS OF LOCUST FORK CLEVELAND, AL | EDUCATIONAL | $1,000 |
| UAH HUNTSVILLE, AL | EDUCATIONAL | $6,000 |
| UNIVERSITY OF NORTH ALABAMA FLORENCE, AL | EDUCATIONAL | $8,000 |
| WALLACE STATE COMMUNITY COLLEGE HANCEVILLE, AL | EDUCATIONAL | $18,000 |
| HAYDEN MIDDLE SCHOOL HAYDEN, AL | EDUCATIONAL | $1,000 |
| UAB BIRMINGHAM, AL | EDUCATIONAL | $2,000 |
| MISSISSIPPI STATE UNIVERSITY MISSISSIPPI STATE, MS | EDUCATIONAL | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JONATHAN JOHNSON | VP | — | — |
| CHESTER THOMAS | SECRETARY | — | — |
| DEREK PIGG | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jay and Corrine Tuthill Memorial?
Jay and Corrine Tuthill Memorial is a private foundation focused on Education, based in HAYDEN, AL. It holds $1.2M in total assets as of 2024.
How large is Jay and Corrine Tuthill Memorial?
As of 2024, Jay and Corrine Tuthill Memorial holds $1.2M in total assets with $210K in annual revenue. It awarded 8 grants totaling $54K in 2024.
Where does Jay and Corrine Tuthill Memorial operate?
Jay and Corrine Tuthill Memorial has awarded grants in Alabama, Arkansas, Mississippi, North Carolina, Tennessee.
What size grants does Jay and Corrine Tuthill Memorial award?
In 2024, Jay and Corrine Tuthill Memorial awarded 8 grants totaling $54K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Jay and Corrine Tuthill Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jay and Corrine Tuthill Memorial reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jay and Corrine Tuthill Memorial's EIN?
Jay and Corrine Tuthill Memorial's EIN (Employer Identification Number) is 63-6138369. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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