Katherine D Spencer Memorial Trust
Katherine D Spencer Memorial Trust is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $335K in total assets. In 2024, it awarded 1 grants totaling $16K. Net investment income was $27K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$335K
+2.8% YoY
Annual Giving
$16K
-12.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$16K
-12.7% YoY
Under IRS private-foundation payout rules, Katherine D Spencer Memorial Trust reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
About Katherine D Spencer Memorial Trust
Based on IRS filings
Katherine D Spencer Memorial Trust is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $335K in total assets. In 2024, it awarded 1 grants totaling $16K. Net investment income was $27K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $335,406 | $326,264 | $343,951 |
| Revenue | $30,611 | $6,002 | $12,432 |
| Expenses | $21,469 | $23,517 | $27,241 |
| Qualifying Distributions | $17,967 | $20,183 | $18,193 |
| Net Investment Income | $27,216 | $8,275 | $8,346 |
| Distributable Amount | $19,137 | $17,907 | $18,530 |
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 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First Baptist Church Attn Bobby Ray ($15,663).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST BAPTIST CHURCH ATTN BOBBY RAY JACKSON, MS | GENERAL OPERATING | $15,663 |
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 | $3,889 |
Frequently Asked Questions
How large is Katherine D Spencer Memorial Trust?
As of 2024, Katherine D Spencer Memorial Trust holds $335K in total assets with $31K in annual revenue. It awarded 1 grants totaling $16K in 2024.
Where does Katherine D Spencer Memorial Trust operate?
Katherine D Spencer Memorial Trust has awarded grants in Alabama, Mississippi.
What size grants does Katherine D Spencer Memorial Trust award?
In 2024, Katherine D Spencer Memorial Trust awarded 1 grants totaling $16K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Katherine D Spencer Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Katherine D Spencer Memorial Trust reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Katherine D Spencer Memorial Trust's EIN?
Katherine D Spencer Memorial Trust's EIN (Employer Identification Number) is 64-6201021. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Katherine D Spencer Memorial Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.