Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept
Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept is a private foundation, based in Mobile, AL. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grant totaling $170K. Net investment income was $12K.
Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept at a glance
In short: Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept gave $170K across 1 grant in 2023 (avg $170K), mostly in Alabama. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $170,057
- +1728.2% vs 2022
- Grants made (2023)
- 1
- -50.0% vs 2022
- Average grant
- $170,057
- +3556.4% vs 2022
- Median grant
- $170,057
- Primary geography
- Alabama (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was United Way of Southwest Alabama ($170K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 6 grants of 7 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept gives
- Giving grew 1763% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $9K (2021) to $170K (2023). In 2023 it made 1 grant totaling $170K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Southwest Alabama Mobile, AL | Education | $170,057 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $18,655 | $176,425 | $170,057 | 1 | $170,057 | $12,423 | $3,485 |
| 2022 | $157,770 | $16,861 | $14,328 | $9,302 | 2 | $9,302 | $11,945 | $10,059 |
| 2021 | $155,237 | $10,815 | $13,482 | $8,634 | 2 | — | $6,051 | $9,303 |
| 2020 | $157,904 | $7,781 | $14,590 | $9,130 | 2 | — | $2,384 | $8,633 |
Under IRS private-foundation payout rules, Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept reported a distributable amount of $3K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept's 2023 filing lists 4 officers; 1 of 4 officers listed in 2023 is compensated.
Officers on the 2023 filing
Regions Bank Trust Department
Trustee
On filings since 2020
10 hrs/week
$3K (2020) → $1K (2023)
John C. Johnson
Distribution Committee
On filings since 2020
No compensation reported
Mitchell Shackleford
Distribution Committee
On filings since 2020
No compensation reported
Tk Jackson
Distribution Committee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $1K, to Regions Bank Trust Department (Trustee).
Frequently asked questions about Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept
How much does Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept give each year?
Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept gave $170K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $9K across 2 grants.
Where does Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept operate?
Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept has awarded grants in Alabama.
How much is Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept's EIN?
Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept's EIN (Employer Identification Number) is 23-7102015. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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