Lou & Lillian Padolf Foundation
Lou & Lillian Padolf Foundation is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $787K in total assets. In 2024, it awarded 10 grants totaling $50K. Net investment income was $43K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$787K
-1.6% YoY
Annual Giving
$50K
+0.0% YoY
Grant Count
10
+42.9% YoY
Avg Grant Size
$5K
-30.0% YoY
Under IRS private-foundation payout rules, Lou & Lillian Padolf Foundation reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.
About Lou & Lillian Padolf Foundation
Based on IRS filings
Lou & Lillian Padolf Foundation is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $787K in total assets. In 2024, it awarded 10 grants totaling $50K. Net investment income was $43K.
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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 | $787,108 | $800,146 | $844,572 |
| Revenue | $54,900 | $27,451 | $43,082 |
| Expenses | $67,925 | $71,830 | $67,097 |
| Qualifying Distributions | $56,224 | $60,888 | $53,824 |
| Net Investment Income | $43,235 | $16,336 | $28,965 |
| Distributable Amount | $45,663 | $43,134 | $45,645 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of South Florida ($15,500), Florida State University ($10,000), University of Florida ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF SOUTH FLORIDA TAMPA, FL | SCHOLARSHIPS | $15,500 |
| FLORIDA GULF COAST UNIVERSITY FORT MYERS, FL | GENERAL OPERATING | $2,000 |
| FLORIDA ATLANTIC UNIVERSITY BOCA RATON, FL | GENERAL OPERATING | $2,000 |
| SAINT LEO UNIVERSITY SAINT LEO, FL | GENERAL OPERATING | $2,000 |
| ST PETERSBURG COLLEGE LARGO, FL | GENERAL OPERATING | $4,000 |
| UNIVERSITY OF CENTRAL FLORIDA ORLANDO, FL | SCHOLARSHIPS | $2,500 |
| UNIVERSITY OF FLORIDA ORLANDO, FL | SCHOLARSHIPS | $8,000 |
| ECKERD COLLEGE ST PETERSBURG, FL | GENERAL OPERATING | $2,000 |
| WARNER UNIVERSITY LAKE WALES, FL | GENERAL OPERATING | $2,000 |
| FLORIDA STATE UNIVERSITY TALLAHASSEE, FL | GENERAL OPERATING | $10,000 |
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 | $14,073 |
Frequently Asked Questions
How large is Lou & Lillian Padolf Foundation?
As of 2024, Lou & Lillian Padolf Foundation holds $787K in total assets with $55K in annual revenue. It awarded 10 grants totaling $50K in 2024.
Where does Lou & Lillian Padolf Foundation operate?
Lou & Lillian Padolf Foundation has awarded grants in Florida.
What size grants does Lou & Lillian Padolf Foundation award?
In 2024, Lou & Lillian Padolf Foundation awarded 10 grants totaling $50K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Lou & Lillian Padolf Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lou & Lillian Padolf Foundation reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lou & Lillian Padolf Foundation's EIN?
Lou & Lillian Padolf Foundation's EIN (Employer Identification Number) is 59-6190737. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.