Powell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $505K. Net investment income was $502K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.3M
-0.1% YoY
Annual Giving
$505K
-1.1% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$505K
+196.8% YoY
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.
About Powell Foundation Inc
Based on IRS filings
Powell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $505K. Net investment income was $502K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,253,990 | $9,266,507 | $9,585,626 |
| Revenue | $642,724 | $314,329 | $609,142 |
| Expenses | $655,241 | $633,448 | $738,269 |
| Qualifying Distributions | $505,000 | $510,500 | $602,500 |
| Net Investment Income | $502,112 | $196,766 | $490,650 |
| Distributable Amount | $582,883 | $516,309 | $528,986 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Create Foundation - Northeast Mississippi's Community Foundation ($505,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CREATE FOUNDATION - NORTHEAST MISSISSIPPI'S COMMUNITY FOUNDATION TUPELO, MS | BENEVOLENCE | $505,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD O POWELL | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Powell Foundation Inc?
Powell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUPELO, MS. It holds $9.3M in total assets as of 2024.
How large is Powell Foundation Inc?
As of 2024, Powell Foundation Inc holds $9.3M in total assets with $643K in annual revenue. It awarded 1 grants totaling $505K in 2024.
Where does Powell Foundation Inc operate?
Powell Foundation Inc has awarded grants in Georgia, Mississippi, New York, Tennessee.
What size grants does Powell Foundation Inc award?
In 2024, Powell Foundation Inc awarded 1 grants totaling $505K — an average of about $505K per grant, based on its IRS Form 990 filings.
How much is Powell Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Powell Foundation Inc reported a distributable amount of $583K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Powell Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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