Jc Freels Scholarship Trust

BIRMINGHAM, AL EIN: 62-6049363

Jc Freels Scholarship Trust is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $92K in total assets. In 2024, it awarded 5 grants totaling $4K. Net investment income was $4K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$92K

-2.0% YoY

Annual Giving

$4K

+32.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$858.6

+32.9% YoY

Under IRS private-foundation payout rules, Jc Freels Scholarship Trust reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.

About Jc Freels Scholarship Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $17K (95%)

Alabama $632 (3%)

South Carolina $281 (2%)

States

Alabama South Carolina Tennessee

Cities

AndersonBirminghamChattanoogaCookevilleJefferson CityJohnson CityKnoxvilleMaryvilleMorristownNew TazewellTusculum

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$92,472	$94,338	$95,009
Revenue	$7,011	$6,908	$2,628
Expenses	$8,885	$7,566	$9,305
Qualifying Distributions	$5,955	$4,890	$6,439
Net Investment Income	$4,329	$4,234	—
Distributable Amount	$4,973	$4,770	$5,228

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

22 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include East Tennessee State University ($1,967), Pellissippi State Community College ($715), Walter State Community College ($537).

Recipient	Purpose	Amount
PELLISSIPPI STATE COMMUNITY COLLEGE KNOXVILLE, TN	SCHOLARSHIP	$715
WALTER STATE COMMUNITY COLLEGE MORRISTOWN, TN	SCHOLARSHIP	$537
CARSON-NEWMAN UNIVERSITY JEFFERSON CITY, TN	SCHOLARSHIP	$537
EAST TENNESSEE STATE UNIVERSITY JOHNSON CITY, TN	SCHOLARSHIP	$1,967
SANDRA ACADEMY OF SALON SERVICES NEW TAZEWELL, TN	SCHOLARSHIP	$537

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	$3,309

Frequently Asked Questions

How large is Jc Freels Scholarship Trust?

As of 2024, Jc Freels Scholarship Trust holds $92K in total assets with $7K in annual revenue. It awarded 5 grants totaling $4K in 2024.

Where does Jc Freels Scholarship Trust operate?

Jc Freels Scholarship Trust has awarded grants in Alabama, South Carolina, Tennessee.

What size grants does Jc Freels Scholarship Trust award?

In 2024, Jc Freels Scholarship Trust awarded 5 grants totaling $4K — an average of about $858.6 per grant, based on its IRS Form 990 filings.

How much is Jc Freels Scholarship Trust required to give away each year?

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