Lula H Newsome Trust #1 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $243K in total assets. In 2024, it awarded 1 grants totaling $11K. Net investment income was $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$243K
+2.4% YoY
Annual Giving
$11K
-9.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$11K
-9.0% YoY
About Lula H Newsome Trust #1
Based on IRS filings
Lula H Newsome Trust #1 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $243K in total assets. In 2024, it awarded 1 grants totaling $11K. Net investment income was $19K.
Focus Areas
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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 | $243,449 | $237,708 | $236,716 |
| Revenue | $22,987 | $18,795 | $8,145 |
| Expenses | $17,243 | $17,800 | $20,138 |
| Qualifying Distributions | $12,658 | $13,674 | $15,730 |
| Net Investment Income | $18,734 | $14,418 | $4,353 |
| Distributable Amount | $13,528 | $12,627 | $13,604 |
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
No grants recorded for .
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 | $5,159 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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