Protective Life Foundation
The Protective Foundation is a company-sponsored foundation established in 1994 and based in Birmingham, Alabama. It is committed to creating lasting value in communities by supporting nonprofit organizations through strategic philanthropic partnerships and corporate giving.
Key facts about Protective Life Foundation
- EIN
- 63-1129596
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $3,756,433
- Grants made (2024)
- 219
- Average grant
- $17,153
- Median grant
- $5,000
- Total assets
- $652,775
- Primary geography
- Alabama (92% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Protective Life Foundation funds
By grant dollars, the top recipient states for Protective Life Foundation's 219 itemized 2024 grants were Alabama (92%). The most frequent recipient cities were Birmingham, AL (126 grants), Tuscaloosa, AL (20 grants), Auburn, AL (6 grants) and Montgomery, AL (4 grants). 13% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarship" (60 grants), "Season of Gratitude" (6 grants) and "Most Valuable Protector" (5 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$653K
+169.1% YoY
Annual Giving
$3.8M
-12.7% YoY
Grant Count
219
+15.9% YoY
Avg Grant Size
$17K
-24.7% YoY
Under IRS private-foundation payout rules, Protective Life Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to create lasting value in communities by supporting organizations that:
- Promote education
- Ensure food security
- Provide shelter
- Aid disaster victims
- Improve quality of life for neighbors
The foundation also supports work in arts and culture, health and human services, and environment and community revitalization.
Grantmaking
Organizations must meet the following criteria to apply:
Grant Range
$88
Average Grant
$88
Ready to take the next step with Protective Life Foundation?
Geographic Focus
Where this funder awards grants
While the foundation primarily focuses on the metro Birmingham area, it supports organizations across multiple U.S. states including Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, North Carolina, New York, and additional states.
Grant Distribution by State
Share of all 219 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $242,562–$243,000
- Annual Revenue: $4,791,526
- Annual Expenses: $4,483,211
- Total Grants Awarded (2024): $4.5 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $652,775 | $242,562 | — |
| Revenue | $4,261,000 | $4,791,526 | $3,510,860 |
| Expenses | $3,838,304 | $4,483,211 | $3,993,153 |
| Qualifying Distributions | $3,838,304 | $4,304,851 | $3,883,579 |
| Net Investment Income | — | — | — |
| Distributable Amount | $32,081 | $35,230 | $35,968 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
1,036 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include United Way of Central Alabama ($700,000), Uab Longevity Center ($300,000), Birmingham Promise Inc ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED WAY OF CENTRAL ALABAMA Birmingham, AL | 2024 Corporate Gift | $700,000 |
| UAB LONGEVITY CENTER Birmingham, AL | Longevity Center Chair, innovation Fund and Symposium | $300,000 |
| BIRMINGHAM PROMISE INC BIRMINGHAM, AL | 2021-2025 SCHOLARSHIP SUPPORT | $200,000 |
| THE UNIVERSITY OF ALABAMA - BRIDGES TO DIVERSITY TUSCALOOSA, AL | BRIDGES TO DIVERSITY IN BUSINESS | $200,000 |
| THE AMERICAN COLLEGE King of Prussia, PA | Center for Economic Empowerment and Equality | $150,000 |
| FRIENDS OF RICKWOOD BIRMINGHAM, AL | 2024 FIELD OF DREAMS RENOVATION FUND RENOVATION FUND | $100,000 |
| WOODLAWN FOUNDATION Birmingham, AL | 2020 Pledge to I3 | $100,000 |
| UAB - LIVE HEALTHSMART Birmingham, AL | 2024 Protecting Good Communities, Live HealthSmart Alabama Implementation | $80,000 |
| BIRMINGHAM BOTANICAL SOCIETY INC BIRMINGHAM, AL | 2024 TOSHINAN JAPANESE TEA HOUSE REPAIRS | $75,000 |
| CORNERSTONE SCHOOLS OF ALABAMA BIRMINGHAM, AL | 2024 PROGRAM EXPANSIONS AT OUR ELEMENTARY, MIDDLE, AND HIGH SCHOOLS | $65,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- David Loper – Executive Director, Protective Foundation
- Lori A. Dixon – AVP, Protective Foundation
- Kate Mayfield – Community Engagement Coordinator
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Loper | EXECUTIVE DIRECTOR | 40 | — |
| RICHARD J BIELEN | PRESIDENT | 0.5 | — |
| CHARLES D EVERS JR | TREASURER | 0.5 | — |
| FELICIA M LEE | SECRETARY | 0.5 | — |
| WENDY EVESQUE | EVP & CHIEF HUMAN RESOURCES OF | 5 | — |
Recent News & Activity
Recent developments and announcements
The foundation engages 3,000 teammates in community impact work. The foundation has partnered with organizations focused on community assessment and resource allocation, including work to identify neighborhoods and homeowners in need of support through data-driven approaches to community revitalization.
Union Home Mortgage Foundation Announces Fourth Quarter 2025 Grant RecipientsFrequently Asked Questions
What does Protective Life Foundation fund?
The foundation's mission is to create lasting value in communities by supporting organizations that: • Promote education • Ensure food security • Provide shelter • Aid disaster victims • Improve quality of life for neighbors The foundation also supports work in arts and culture, health and human services, and environment and community revitalization.
How do I apply for a grant from Protective Life Foundation?
**Grant Activity:** • $98.1 million given since 1994 • $4.5 million in total grants paid in 2024 • 164 nonprofits supported in 2024 • Average grant size: $88 **Application Requirements:** Organizations must meet the following criteria to apply: • Be an IRS-certified 501(c)(3) tax-exempt nonprofit organization • Be primarily located within the metro Birmingham area • Have strong financials and a current operating budget • Have strong leadership with an organized local board of directors or advis…
Where does Protective Life Foundation make grants?
While the foundation primarily focuses on the metro Birmingham area, it supports organizations across multiple U.S. states including Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, North Carolina, New York, and additional states.
What size grants does Protective Life Foundation award?
In 2024, Protective Life Foundation awarded 219 grants totaling $3.8M — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Protective Life Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Protective Life Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Protective Life Foundation's EIN?
Protective Life Foundation's EIN (Employer Identification Number) is 63-1129596. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Protective Life Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.