Sterne Agee Charitable Foundation Inc

BIRMINGHAM, AL EIN: 63-1234814

Sterne Agee Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2022. In 2022, it awarded 3 grants totaling $250K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$250K

+2107.5% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$83K

+1371.7% YoY

Under IRS private-foundation payout rules, Sterne Agee Charitable Foundation Inc reported a distributable amount of $10K for 2022 — the minimum it must pay out in qualifying distributions.

About Sterne Agee Charitable Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $273K (100%)

States

Alabama

Cities

Birmingham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$253,272	$264,491
Revenue	$1,314	$3,884	$3,830
Expenses	$254,586	$15,103	$17,166
Qualifying Distributions	$252,100	$13,163	—
Net Investment Income	—	$1,943	—
Distributable Amount	$9,507	$12,687	$13,260

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2022

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Friends of the Birmingham Botanical Gardens ($125,000), Birmingham Historical Society ($100,000), Birmingham Southern College ($25,000).

Recipient	Purpose	Amount
FRIENDS OF THE BIRMINGHAM BOTANICAL GARDENS BIRMINGHAM, AL	SUPPORT FOR IMPROVEMENTS TO AND NAMING OF THE GRAND PAVILION IN THE KAUL WILDFLOWER GARDEN	$125,000
BIRMINGHAM HISTORICAL SOCIETY BIRMINGHAM, AL	SUPPORT FOR THE COLLECTING AND ARCHIVING OF WRITTEN RECORDS AND ORAL HISTORIES IN ORDER TO DOCUMENT THE HISTORY, ROLE AND IMPACT OF STERNE AGEE AND LEACH, INC. ON BIRMINGHAM, MONTGOMERY AND ALABAMA	$100,000
BIRMINGHAM SOUTHERN COLLEGE BIRMINGHAM, AL	CONTRIBUTION TO THE DORA H. AND MERVYN H. STERNE SCHOLARSHIP FUND	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
B HANSON SLAUGHTER	PRESIDENT	0.25	—
JOHN RUCKER	SECRETARY	0.25	—
LINDA M DANIEL	TREASURER	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Sterne Agee Charitable Foundation Inc?

Sterne Agee Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds — in total assets as of 2022.

Where does Sterne Agee Charitable Foundation Inc operate?

Sterne Agee Charitable Foundation Inc has awarded grants in Alabama.

What size grants does Sterne Agee Charitable Foundation Inc award?

In 2022, Sterne Agee Charitable Foundation Inc awarded 3 grants totaling $250K — an average of about $83K per grant, based on its IRS Form 990 filings.

How much is Sterne Agee Charitable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Sterne Agee Charitable Foundation Inc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Sterne Agee Charitable Foundation Inc's EIN?

Sterne Agee Charitable Foundation Inc's EIN (Employer Identification Number) is 63-1234814. IRS Form 990 filing data is available on this page for 2020–2022.