Mississippi Economic Resource Trust
Mississippi power company, a Mississippi corporation, determined that there is a need to encourage economic growth and investment in their service area and within the state of Mississippi.the purpose of this trust is to (1) provide funds to improve the economic growth and development of business and industry in ms through funding a seed capital corporation or similar entity.(2) the trust will provide the department of economic development of the state of ms with funds for a resource presentation center.(3) the trust encourages private industry to contribute, invest, and participate in the economic development in the state of ms in the spirit of the economic development reform act.
Mississippi Economic Resource Trust at a glance
In short: Mississippi Economic Resource Trust gave $305K across 1 grant in 2024 (avg $305K), mostly in Mississippi. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $305,499
- -20.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $305,499
- -20.6% vs 2023
- Median grant
- $305,499
- Total assets
- $13,075,414
- +1.2% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Mississippi Economic Resource Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Project Ready Mississippi Power Economic Development Department ($305K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Mississippi Economic Resource Trust gives
- Giving grew 2955% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2021) to $385K (2023). In 2024 it made 1 grant totaling $305K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Project Ready Mississippi Power Economic Development Department Gulfport, MS | Attract new industries to southeast ms by identifying sites appropriate for development and improve thereadiness of those sites. | $305,499 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $13,075,414 | $505,845 | $365,358 | $305,499 | 1 | $505,845 |
| 2023 | $12,922,127 | $4,228,607 | $437,085 | $384,725 | 1 | $128,607 |
| 2022 | $9,156,627 | $-82,278 | $157,711 | $116,750 | 1 | $-82,278 |
| 2021 | $9,400,779 | $1,712,426 | $52,285 | $10,000 | 1 | $712,401 |
| 2020 | $7,735,066 | $464,294 | $57,154 | $25,000 | 1 | $443,794 |
About Mississippi Economic Resource Trust
Based on IRS filings
Mississippi Economic Resource Trust is a public charity, based in New Orleans, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.1M in total assets. In 2024, it awarded 1 grant totaling $305K. Net investment income was $506K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Mississippi Economic Resource Trust's only listed officer is Hancock Whitney Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
Hancock Whitney Bank
Trustee
On filings since 2020
$17K (2021) → $26K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $26K, to Hancock Whitney Bank (Trustee).
Frequently asked questions about Mississippi Economic Resource Trust
How much does Mississippi Economic Resource Trust give each year?
Mississippi Economic Resource Trust gave $305K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $385K across 1 grant.
How large is Mississippi Economic Resource Trust?
Mississippi Economic Resource Trust reported $13.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $506K.
Where does Mississippi Economic Resource Trust operate?
Mississippi Economic Resource Trust has awarded grants in Mississippi.
What is Mississippi Economic Resource Trust's EIN?
Mississippi Economic Resource Trust's EIN (Employer Identification Number) is 64-6193927. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- IRS filings on file for fiscal years 2020–2024
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