Powell Foundation Inc
Powell Foundation Inc is a private foundation, based in Tupelo, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.3M in total assets. In 2024, it awarded 1 grant totaling $505K. Net investment income was $502K.
Powell Foundation Inc at a glance
In short: Powell Foundation Inc gave $505K across 1 grant in 2024 (avg $505K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $505,000
- -1.1% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $505,000
- +196.8% vs 2023
- Median grant
- $505,000
- Total assets
- $9,253,990
- -0.1% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Powell Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Create Foundation - Northeast Mississippi's Community Foundation ($505K).
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 18 grants of 24 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Powell Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+9%). Method
- In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2024, annual grant giving ranged from $465K (2021) to $603K (2022). In 2024 it made 1 grant totaling $505K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Create Foundation - Northeast Mississippi's Community Foundation Tupelo, MS | Benevolence | $505,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,253,990 | $642,724 | $655,241 | $505,000 | 1 | $505,000 | $502,112 | $582,883 |
| 2023 | $9,266,507 | $314,329 | $633,448 | $510,500 | 3 | $510,500 | $196,766 | $516,309 |
| 2022 | $9,585,626 | $609,142 | $738,269 | $602,500 | 2 | $602,500 | $490,650 | $528,986 |
| 2021 | $9,714,753 | $665,089 | $587,726 | $465,000 | 6 | $465,000 | $546,934 | $578,035 |
| 2020 | $9,633,606 | $231,366 | $577,166 | $486,465 | 12 | — | $147,190 | $501,991 |
Under IRS private-foundation payout rules, Powell Foundation Inc reported a distributable amount of $583K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Powell Foundation Inc is led by Edward O. Powell, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Edward O. Powell
President
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Powell Foundation Inc
How much does Powell Foundation Inc give each year?
Powell Foundation Inc gave $505K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $511K across 3 grants.
How large is Powell Foundation Inc?
Powell Foundation Inc reported $9.3M in total assets on its 2024 IRS Form 990-PF. It paid out $505K in qualifying distributions that year, against a required minimum of $583K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Powell Foundation Inc operate?
Powell Foundation Inc has awarded grants in Georgia, Mississippi, New York, Tennessee.
What is Powell Foundation Inc's EIN?
Powell Foundation Inc's EIN (Employer Identification Number) is 37-1873776. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work Powell Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Powell Foundation Inc's focus areas in our free grants database
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