Regions Foundation is a nonprofit 501(c)(3) corporation based in Birmingham, Alabama. Established in 2018 and funded primarily through contributions from Regions Bank, the Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation operates as a grantmaking organization with a focus on creating more inclusive prosperity and stronger communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$130.5M
+4.1% YoY
Annual Giving
$4.9M
+110.9% YoY
Grant Count
67
+48.9% YoY
Avg Grant Size
$73K
+41.7% YoY
Under IRS private-foundation payout rules, Regions Foundation reported a distributable amount of $5.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's mission is to fund programs that provide hope and opportunity, helping people overcome barriers and achieve success.
The Foundation engages in a grantmaking program focused on three strategic priority areas:
Economic and Community Development
- Affordable housing
- Small-business development
- Neighborhood revitalization
- Job creation
Education and Workforce Readiness
- College and career readiness
- Credentials and employment
- Educational access and success
- Educator training
Financial Wellness
- Financial education for youth, adults, and vulnerable populations
- Financial planning resources
- Homebuyer readiness
Grantmaking
Grant Range
& Activity**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Foundation operates within a 16-state footprint aligned with Regions Bank's service area, covering:
- Alabama
- Arkansas
- Florida
- Georgia
- Illinois
- Indiana
- Iowa
- Kentucky
- Louisiana
- Mississippi
- Missouri
- North Carolina
- South Carolina
- Tennessee
- Texas
- Virginia (potentially)
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024)
- Total assets: $130.5 million
- Total revenues: $9.5 million
- Total expenses: $5.5 million
Assets & Giving (2023)
- Total assets: $125 million
- Total revenues: $4.39 million
- Total expenses: $3.21 million
- Total liabilities: $700,000
- Giving rate: 1.9% of assets
Historical Comparison (2022)
- Total assets: $113.4 million
- Total giving: $1.7 million
- Number of grants: 49
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $130,542,410 | $125,423,567 | $113,370,329 |
| Revenue | $9,515,737 | $4,386,530 | $1,228,320 |
| Expenses | $5,539,794 | $3,207,641 | $2,477,472 |
| Qualifying Distributions | $5,873,967 | $2,416,321 | $1,806,184 |
| Net Investment Income | $9,393,426 | $4,295,210 | $2,251,481 |
| Distributable Amount | $5,325,305 | $5,291,681 | $5,332,454 |
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
244 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Red Cross ($250,000), Gulf Coast Housing Partnership ($250,000), Hica ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A PLUS EDUCATION PARTNERSHIP MONTGOMERY, AL | EDUCATION & WR | $100,000 |
| ACADEMY PREP ST PETERSBURG, FL | EDUCATION & WR | $100,000 |
| ADIB BIRMINGHAM, AL | EDUCATION & WR | $100,000 |
| ALABAMA JAG MONTGOMERY, AL | EDUCATION & WR | $30,000 |
| AMERICAN RED CROSS WASHINGTON, DC | ECON & COMMUNITY DEV | $250,000 |
| BETTER BASICS BIRMINGHAM, AL | EDUCATION & WR | $50,000 |
| BIG BROTHERS BIG SISTERS OF EASTERN MISSOURI ST LOUIS, MO | EDUCATION & WR | $20,000 |
| BIRMINGHAM BUSINESS RESOURCE CENTER BIRMINGHAM, AL | ECON & COMMUNITY DEV | $50,000 |
| BIRMINGHAM RE-ENTRY ALLIANCEAPPLESEED BIRMINGHAM, AL | EDUCATION & WR | $100,000 |
| BREAKTHROUGH BIRMINGHAM OAKLAND, CA | EDUCATION & WR | $40,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Marta Self — Head of Corporate Philanthropy and Executive Director (joined in 2019). She leads the Foundation's operations as well as Regions Bank's strategic community investments and associate volunteer efforts.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARON KACHELHOFER | ASSISTANT SECRETARY | 1 | — |
| CHELSEA STOVALL | ASSISTANT TREASURER | 1 | — |
| MARTA SELF | EXECUTIVE DIRECTOR;VP | 1 | — |
| DWIGHT JULBERT | MEMBER | 1 | — |
| ANDREW NIX | MEMBER | 1 | — |
| DANA NOLAN | MEMBER | 1 | — |
| TONY STIFFLER | MEMBER | 1 | — |
| LEROY ABRAHAMS | PRESIDENT | 1 | — |
| AMANDA SAINT | TREASURER | 1 | — |
| GRACE JACKSON | MEMBER | 1 | — |
| TOM SPEIR | MEMBER | 1 | — |
| JASON EPSTEIN | MEMBER | 1 | — |
| KEITH FILE | MEMBER | 1 | — |
| REGAN LIGGINS | MEMBER | 1 | — |
| JESSICA EVEREST | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
The Foundation announced winter storm disaster-recovery grants in early 2026, demonstrating responsiveness to emergency community needs beyond its standard grantmaking priorities.
Regions Foundation Announces Winter Storm Disaster-Recovery ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Regions Foundation fund?
The Foundation's mission is to fund programs that provide hope and opportunity, helping people overcome barriers and achieve success. The Foundation engages in a grantmaking program focused on three strategic priority areas: **Economic and Community Development** • Affordable housing • Small-business development • Neighborhood revitalization • Job creation **Education and Workforce Readiness** • College and career readiness • Credentials and employment • Educational access and success • Educato…
How do I apply for a grant from Regions Foundation?
**Grant Size & Activity** • Typical grant range: $15,000 to $200,000+ • Median grant size: $30,000 (2023) • In 2023, the Foundation made 45 grants totaling approximately $2.3 million • In 2024, the Foundation made 103 grants • Since 2018, the Foundation has awarded more than 400 grants totaling over $31 million **Application Process** • Invitation-only; does not accept unsolicited applications • Quarterly board review for grant decisions • Decision timeline: approximately 3 months **Recent Gran…
Where does Regions Foundation make grants?
The Foundation operates within a 16-state footprint aligned with Regions Bank's service area, covering: • Alabama • Arkansas • Florida • Georgia • Illinois • Indiana • Iowa • Kentucky • Louisiana • Mississippi • Missouri • North Carolina • South Carolina • Tennessee • Texas • Virginia (potentially)
What size grants does Regions Foundation award?
In 2024, Regions Foundation awarded 67 grants totaling $4.9M — an average of about $73K per grant, based on its IRS Form 990 filings.
How much is Regions Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Regions Foundation reported a distributable amount of $5.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Regions Foundation's EIN?
Regions Foundation's EIN (Employer Identification Number) is 63-1144265. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Regions 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.
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