Joanna F Reed Medical Scholarship Trust

JACKSON, MS EIN: 63-0805093

Joanna F Reed Medical Scholarship Trust is a private foundation, based in JACKSON, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $240K in total assets. In 2024, it awarded 4 grants totaling $8K. Net investment income was $10K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$240K

-0.9% YoY

Annual Giving

$8K

-8.2% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$2K

-31.2% YoY

Under IRS private-foundation payout rules, Joanna F Reed Medical Scholarship Trust reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About Joanna F Reed Medical Scholarship Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $42K (89%)

Tennessee $5K (11%)

States

Alabama Tennessee

Cities

BrewtonHuntsvilleMobileNashvilleVestaviaVestavia Hills

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$239,918	$242,094	$246,111
Revenue	$13,829	$12,219	$7,110
Expenses	$15,982	$16,236	$17,608
Qualifying Distributions	$11,975	$12,500	$13,795
Net Investment Income	$9,941	$8,531	$3,422
Distributable Amount	$11,976	$11,773	$12,500

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Allison Nelson ($2,022), Andrea Zhang ($2,022), Angel Billingsley ($2,022).

Recipient	Purpose	Amount
ALLISON NELSON BREWTON, AL	SCHOLARSHIP	$2,022
ANDREA ZHANG VESTAVIA HILLS, AL	SCHOLARSHIP	$2,022
ANGEL BILLINGSLEY MOBILE, AL	SCHOLARSHIP	$2,022
TORI KNAPP HUNTSVILLE, AL	SCHOLARSHIP	$2,022

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
TRUSTMARK NATIONAL BANK	TRUSTEE	—	—

Frequently Asked Questions

How large is Joanna F Reed Medical Scholarship Trust?

As of 2024, Joanna F Reed Medical Scholarship Trust holds $240K in total assets with $14K in annual revenue. It awarded 4 grants totaling $8K in 2024.

Where does Joanna F Reed Medical Scholarship Trust operate?

Joanna F Reed Medical Scholarship Trust has awarded grants in Alabama, Tennessee.

What size grants does Joanna F Reed Medical Scholarship Trust award?

In 2024, Joanna F Reed Medical Scholarship Trust awarded 4 grants totaling $8K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Joanna F Reed Medical Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Joanna F Reed Medical Scholarship Trust reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Joanna F Reed Medical Scholarship Trust's EIN?

Joanna F Reed Medical Scholarship Trust's EIN (Employer Identification Number) is 63-0805093. IRS Form 990 filing data is available on this page for 2020–2024.