Scott R Wheaton Foundation Co Regions Bank
Scott R Wheaton Foundation Co Regions Bank is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $186K in total assets. In 2024, it awarded 4 grants totaling $9K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$186K
+32.7% YoY
Annual Giving
$9K
+0.0% YoY
Grant Count
4
-42.9% YoY
Avg Grant Size
$2K
+75.0% YoY
Under IRS private-foundation payout rules, Scott R Wheaton Foundation Co Regions Bank reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Scott R Wheaton Foundation Co Regions Bank
Based on IRS filings
Scott R Wheaton Foundation Co Regions Bank is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $186K in total assets. In 2024, it awarded 4 grants totaling $9K. Net investment income was $6K.
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 | $185,853 | $140,016 | $147,889 |
| Revenue | $62,737 | $8,898 | $4,273 |
| Expenses | $16,834 | $16,704 | $15,760 |
| Qualifying Distributions | $9,000 | $9,000 | $8,000 |
| Net Investment Income | $6,147 | $2,248 | — |
| Distributable Amount | $10,587 | $8,004 | $12,759 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Brothers of the Christian Schools ($6,000), Friends of Sarasota County Parks Inc ($1,700), Institute for Justice ($700).
| Recipient | Purpose | Amount |
|---|---|---|
| WHEATON FOUNDATION JACKSON, MS | GENERAL OPERATING | $600 |
| FRIENDS OF SARASOTA COUNTY PARKS INC NOKOMIS, FL | GENERAL OPERATING | $1,700 |
| INSTITUTE FOR JUSTICE ARLINGTON, VA | GENERAL OPERATING | $700 |
| BROTHERS OF THE CHRISTIAN SCHOOLS NEW ORLEANS, LA | GENERAL OPERATING | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY WHEATON MORSE | PRES | 1 | — |
| SCOTT R WHEATON | SECY/TREAS | 1 | — |
| STEVE F WHEATON | V PRES | 1 | — |
| GRETCHEN WHEATON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Scott R Wheaton Foundation Co Regions Bank?
Scott R Wheaton Foundation Co Regions Bank is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $186K in total assets as of 2024.
How large is Scott R Wheaton Foundation Co Regions Bank?
As of 2024, Scott R Wheaton Foundation Co Regions Bank holds $186K in total assets with $63K in annual revenue. It awarded 4 grants totaling $9K in 2024.
Where does Scott R Wheaton Foundation Co Regions Bank operate?
Scott R Wheaton Foundation Co Regions Bank has awarded grants in Florida, Georgia, Illinois, Louisiana, Mississippi, Virginia.
What size grants does Scott R Wheaton Foundation Co Regions Bank award?
In 2024, Scott R Wheaton Foundation Co Regions Bank awarded 4 grants totaling $9K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Scott R Wheaton Foundation Co Regions Bank required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Scott R Wheaton Foundation Co Regions Bank reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Scott R Wheaton Foundation Co Regions Bank's EIN?
Scott R Wheaton Foundation Co Regions Bank's EIN (Employer Identification Number) is 72-1405288. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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