Samco Foundation is a private foundation focused on Education, based in Oxford, AL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 2 grants totaling $502K.
Key facts about Samco Foundation
In short: Samco Foundation gave $502K across 2 grants in 2024 (avg $251K), top state Alabama. Source: 2024 IRS Form 990-PF.
- EIN
- 87-3758962
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $501,500
- Grants made (2024)
- 2
- Average grant
- $250,750
- Median grant
- $250,750
- Total assets
- $3,928
- Primary geography
- Alabama (0% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4K
+515.7% YoY
Annual Giving
$502K
-50.5% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$251K
-1.1% YoY
Under IRS private-foundation payout rules, Samco Foundation reported a distributable amount of $3 for 2024 — the minimum it must pay out in qualifying distributions.
How Samco Foundation gives
- In 2024 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
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $502K (2024) to $1.0M (2023). In 2024 it made 2 grants totaling $502K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Seilat Al-Dahir Municipality ($500K). Together the top 2 received $502K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 4 grants of 6 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Seilat Al-Dahir Municipality | General Donation for Building a School | $500,000 |
| Oxford City School Education Foundation Oxford, AL | General Donation | $1,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,928 | $638 | $500,000 |
| Revenue | $505,000 | $514,638 | $500,000 |
| Expenses | $501,710 | $1,014,000 | — |
| Qualifying Distributions | $501,500 | $1,014,000 | — |
| Net Investment Income | — | $638 | — |
| Distributable Amount | $3 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
Samco Foundation is led by Sameer Mousa, Chairperson on every filing since 2022; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sameer Mousa
Chairperson
On filings since 2022
2 hrs/week
No compensation reported
Cassandra Del
Secretary
On filings since 2022
1 hr/week
No compensation reported
Deshae Sharpton
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Nabil Mousa
Vice Chairperson
On filings since 2022
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Samco Foundation
How much does Samco Foundation give each year?
Samco Foundation gave $502K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.0M across 4 grants.
How large is Samco Foundation?
Samco Foundation reported $4K in total assets on its 2024 IRS Form 990-PF. It paid out $502K in qualifying distributions that year, against a required minimum of $3 (roughly 5% of its investment assets).
What is Samco Foundation?
Samco Foundation is a private foundation focused on Education, based in Oxford, AL. It holds $4K in total assets as of 2024.
Where does Samco Foundation operate?
Samco Foundation has awarded grants in Alabama.
What is Samco Foundation's EIN?
Samco Foundation's EIN (Employer Identification Number) is 87-3758962. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Samco Foundation by hand.
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