Merrill I & Grace Hanks Charitable Tr is a private foundation focused on Education, based in MOBILE, AL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 2 grants totaling $209K. Net investment income was $197K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.3M
-1.9% YoY
Annual Giving
$209K
+5.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$104K
+5.3% YoY
Under IRS private-foundation payout rules, Merrill I & Grace Hanks Charitable Tr reported a distributable amount of $293K for 2025 — the minimum it must pay out in qualifying distributions.
About Merrill I & Grace Hanks Charitable Tr
Based on IRS filings
Merrill I & Grace Hanks Charitable Tr is a private foundation focused on Education, based in MOBILE, AL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 2 grants totaling $209K. Net investment income was $197K.
Focus Areas
Ready to take the next step with Merrill I & Grace Hanks Charitable Tr?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,288,629 | $3,350,747 | $3,503,017 |
| Revenue | $215,907 | $114,470 | $266,320 |
| Expenses | $277,962 | $265,122 | $294,343 |
| Qualifying Distributions | $259,335 | $243,469 | $273,827 |
| Net Investment Income | $197,280 | $97,614 | $250,145 |
| Distributable Amount | $293,389 | $253,999 | $242,863 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Alabama Baptist Children's Home ($178,245), University of Mobile ($30,282).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABAMA BAPTIST CHILDREN'S HOME BIRMINGHAM, AL | TO PROVIDE HOUSING FOR UNDERPRIVILIGED CHILDREN IN A CHRISTIAN SETTING. | $178,245 |
| UNIVERSITY OF MOBILE MOBILE, AL | TO PROVIDE SCHOLARSHIPS TO STUDENTS AT THE UNIVERSITY OF MOBILE. | $30,282 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REGIONS BANK | TRUSTEE | 3 | $65,277 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Merrill I & Grace Hanks Charitable Tr?
Merrill I & Grace Hanks Charitable Tr is a private foundation focused on Education, based in MOBILE, AL. It holds $3.3M in total assets as of 2025.
How large is Merrill I & Grace Hanks Charitable Tr?
As of 2025, Merrill I & Grace Hanks Charitable Tr holds $3.3M in total assets with $216K in annual revenue. It awarded 2 grants totaling $209K in 2025.
Where does Merrill I & Grace Hanks Charitable Tr operate?
Merrill I & Grace Hanks Charitable Tr has awarded grants in Alabama.
What size grants does Merrill I & Grace Hanks Charitable Tr award?
In 2025, Merrill I & Grace Hanks Charitable Tr awarded 2 grants totaling $209K — an average of about $104K per grant, based on its IRS Form 990 filings.
How much is Merrill I & Grace Hanks Charitable Tr required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Merrill I & Grace Hanks Charitable Tr reported a distributable amount of $293K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Merrill I & Grace Hanks Charitable Tr's EIN?
Merrill I & Grace Hanks Charitable Tr's EIN (Employer Identification Number) is 61-6394207. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Merrill I & Grace Hanks Charitable Tr's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Foundation of Marshall Medical
GUNTERSVILLE, AL
Assets
$2.7M
Grants
1
Total Given
$225K
Gamma Theta Educational Foundation Inc
TUSCALOOSA, AL
Assets
—
Grants
0
Total Given
—
The Starfish Project
HOOVER, AL
Assets
$2K
Grants
0
Total Given
—
Michael Nix Arts Scholarship a Non Profit Corp
LEXINGTON, AL
Assets
$461
Grants
0
Total Given
—
Raquib Family Waqf Foundation
BIRMINGHAM, AL
Assets
$759K
Grants
1
Total Given
$86K
A Hays Zieman & Christine B Zieman
MOBILE, AL
Assets
$1.0M
Grants
10
Total Given
$40K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Merrill I & Grace Hanks Charitable Tr on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Merrill I & Grace Hanks Charitable Tr to a real strategy.