Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept

Private foundation · Grantmaker Mobile, AL EIN: 23-7102015

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.

Key facts about Phyllis D & Franklin P McDonald Fdn (Acct #1255000919) Regions Trust Dept

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.

EIN
23-7102015
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$170,057
Grants made (2023)
1
Average grant
$170,057
Median grant
$170,057
Primary geography
Alabama (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$170K

+1728.2% YoY

Grant Count

1

-50.0% YoY

Avg Grant Size

$170K

+3556.4% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2023 grant dollars on its one itemized grant.

States

Cities

Mobile

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K2 grants2020 2 grants2021 2 grants2022 1 grant2023

From 2020 to 2023, annual grant giving ranged from $9K (2021) to $170K (2023). In 2023 it made 1 grant totaling $170K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2023

United Way of Southwest Alabama: $170KUnited Way of SouthwestAlabama$170K

The largest 2023 recipient was United Way of Southwest Alabama ($170K).

Grant Size Distribution

7 grants across all recorded years

6<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 7 (86%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
United Way of Southwest Alabama Mobile, ALEducation$170,057

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023
Metric202320222021
Total Assets—$157,770$155,237
Revenue$18,655$16,861$10,815
Expenses$176,425$14,328$13,482
Qualifying Distributions$170,057$9,302—
Net Investment Income$12,423$11,945$6,051
Distributable Amount$3,485$10,059$9,303

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2023

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

Regions Bank Trust Department — Trustee: $1KRegions Bank Trust…Trustee$1K

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.

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