Lower Pearl River Valley Foundation
The Lower Pearl River Valley Foundation is a private 501(c)(3) grantmaking foundation based in Picayune, Mississippi. Established in 1998 and converted from Crosby Memorial Hospital, the foundation operates as an independent foundation focused on strengthening communities through strategic philanthropic investments.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.4M
+18.7% YoY
Annual Giving
$1.2M
+15.2% YoY
Grant Count
21
+40.0% YoY
Avg Grant Size
$55K
-17.7% YoY
Mission & Focus Areas
According to the foundation's leadership, the mission is to "strengthen communities by supporting initiatives that improve health, education, and overall quality of life" with a commitment to "investing in programs that create lasting and positive change."
The foundation's primary funding areas include:
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation made 15 grants in 2024. Recent documented grants include:
Average Grant
amount varies by year
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Geographic Focus
Where this funder awards grants
The foundation primarily funds initiatives in Mississippi, Louisiana, and Alabama, with particular emphasis on the Lower Pearl River Valley region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $25,395,363
- Total Giving: $1,157,912
- Total Revenues: $1,505,677
- Total Expenses: $1,565,045
- Number of Employees: 2
As of 2023:
- Total Assets: $21.4 million
- Revenue: $1.3 million
- Expenses: $1.45 million
- Total Liabilities: $123,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,395,363 | $21,393,957 | $19,944,817 |
| Revenue | $1,505,677 | $1,303,916 | $1,435,231 |
| Expenses | $1,565,045 | $1,453,331 | $1,320,460 |
| Qualifying Distributions | $1,447,621 | $1,320,567 | $1,202,132 |
| Net Investment Income | $1,389,631 | $1,173,049 | $1,243,411 |
| Distributable Amount | $1,164,485 | $1,066,426 | $1,168,587 |
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
76 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Clyde Dease serves as President & CEO of the Lower Pearl River Valley Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MR CLYDE DEASE | PRESIDENT/CEO | 40 | $153,906 |
| DR PAMELA THOMAS | BOARD CHAIR | 3 | $6,450 |
| DR TOM CLARK | DIRECTOR | 3 | $6,450 |
| DR REBECCA ASKEW | SECRETARY | 3 | $6,450 |
| MS BARBARA ALEXANDER | DIRECTOR | 3 | $6,450 |
| MR RAY SCOTT | TREASURER | 3 | $6,450 |
Recent News & Activity
Recent developments and announcements
The foundation has maintained consistent grant activity supporting regional organizations. Notable recent support includes multi-year funding commitments, such as the fourth consecutive year of $40,000 support to the University of Southern Mississippi's Children's Center, which provides services at no cost to families in the Lower Pearl River Valley region.
Picayune Police Department Receives Grant from Lower Pearl River Valley FoundationThe foundation's website indicates ongoing community engagement and impact reporting through photo galleries and regular communications from leadership.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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