Mcabee Family Foundation

TUSCALOOSA, AL EIN: 63-0843625

Mcabee Family Foundation is a private foundation, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $989K in total assets. In 2024, it awarded 13 grants totaling $109K. Net investment income was $48K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$989K

-7.0% YoY

Annual Giving

$109K

+24.6% YoY

Grant Count

-13.3% YoY

Avg Grant Size

$8K

+43.7% YoY

Under IRS private-foundation payout rules, Mcabee Family Foundation reported a distributable amount of $107K for 2024 — the minimum it must pay out in qualifying distributions.

About Mcabee Family Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $445K (99%)

Tennessee $3K (1%)

States

Alabama Tennessee

Cities

BirminghamCokerCottondaleEnterpriseNashvilleNorthportTuscaloosa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$989,178	$1,063,230	$1,104,304
Revenue	$45,506	$55,481	$52,781
Expenses	$119,578	$96,542	$88,229
Qualifying Distributions	$109,000	$87,500	$80,750
Net Investment Income	$48,419	$46,439	$45,302
Distributable Amount	$107,356	$99,215	$101,774

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

69 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Freedom Farm ($50,000), Black Warrior Council Bsa ($10,000), First Baptist Church Tuscaloosa ($10,000).

Recipient	Purpose	Amount
ALABAMA MARINES FOUNDATION TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$2,500
BLACK WARRIOR COUNCIL BSA TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$10,000
COMMUNITY FOUNDATION OF WEST ALABAMA NORTHPORT, AL	CHARITABLE CONTRIBUTION	$1,000
CYSTIC FIBROSIS FOUNDATION BIRMINGHAM, AL	CHARITABLE CONTRIBUTION	$1,000
DCH FOUNDATION TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$1,250
FIRST BAPTIST CHURCH TUSCALOOSA TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$10,000
FRIENDSHIP BAPTIST CHURCH TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$1,000
HOSPICE OF WEST ALABAMA TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$10,000
PHOENIX HOUSE TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$6,250
UNITED WAY OF WEST ALABAMA TUSCALOOSA, AL	CHARITABLE CONTRIBUTION	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LEROY MCABEE	DIRECTOR	—	—

Frequently Asked Questions

How large is Mcabee Family Foundation?

As of 2024, Mcabee Family Foundation holds $989K in total assets with $46K in annual revenue. It awarded 13 grants totaling $109K in 2024.

Where does Mcabee Family Foundation operate?

Mcabee Family Foundation has awarded grants in Alabama, Tennessee.

What size grants does Mcabee Family Foundation award?

In 2024, Mcabee Family Foundation awarded 13 grants totaling $109K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Mcabee Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcabee Family Foundation reported a distributable amount of $107K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.