Minnie B Thornton Test Tr

BIRMINGHAM, AL EIN: 63-6053979

Minnie B Thornton Test Tr is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 6 grants totaling $117K. Net investment income was $75K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.7M

-2.7% YoY

Annual Giving

$117K

+30.4% YoY

Grant Count

+20.0% YoY

Avg Grant Size

$19K

+8.7% YoY

Under IRS private-foundation payout rules, Minnie B Thornton Test Tr reported a distributable amount of $112K for 2024 — the minimum it must pay out in qualifying distributions.

About Minnie B Thornton Test Tr

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $543K (99%)

Idaho $1K (0%)

Utah $1K (0%)

States

Alabama Idaho Utah

Cities

Carbon HillFlorenceJasperMobileProvoRexburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,652,572	$1,697,991	$1,724,575
Revenue	$86,570	$90,816	$52,217
Expenses	$131,989	$117,400	$152,333
Qualifying Distributions	$119,552	$92,406	$126,684
Net Investment Income	$75,215	$73,915	$52,150
Distributable Amount	$111,917	$103,512	$108,800

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

29 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include City of Carbon Hill ($23,031), First Presbyterian Church of Carbon Hill ($23,031), First United Methodist Church of Carbon Hill ($23,031).

Recipient	Purpose	Amount
BRIGHAM YOUNG UNIVERSITY PROVO, UT	GENERAL OPERATING	$1,400
CITY OF CARBON HILL CARBON HILL, AL	GENERAL OPERATING	$23,031
FIRST PRESBYTERIAN CHURCH OF CARBON HILL CARBON HILL, AL	GENERAL OPERATING	$23,031
FIRST UNITED METHODIST CHURCH OF CARBON HILL CARBON HILL, AL	GENERAL OPERATING	$23,031
ST CECELIA CATHOLIC CHURCH JASPER, AL	GENERAL OPERATING	$23,031
WALKER COLLEGE FOUNDATION JASPER, AL	GENERAL OPERATING	$23,031

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
OAKWORTH CAPITAL BANK	TRUSTEE	2	$8,732

Frequently Asked Questions

How large is Minnie B Thornton Test Tr?

As of 2024, Minnie B Thornton Test Tr holds $1.7M in total assets with $87K in annual revenue. It awarded 6 grants totaling $117K in 2024.

Where does Minnie B Thornton Test Tr operate?

Minnie B Thornton Test Tr has awarded grants in Alabama, Idaho, Utah.

What size grants does Minnie B Thornton Test Tr award?

In 2024, Minnie B Thornton Test Tr awarded 6 grants totaling $117K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is Minnie B Thornton Test Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Minnie B Thornton Test Tr reported a distributable amount of $112K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.