Sterne Agee Charitable Foundation Inc
Sterne Agee Charitable Foundation Inc is a private foundation, based in Birmingham, AL. IRS filing data is available from 2019 through 2022. In 2022, it awarded 3 grants totaling $250K.
Sterne Agee Charitable Foundation Inc at a glance
In short: Sterne Agee Charitable Foundation Inc gave $250K across 3 grants in 2022 (avg $83K), mostly in Alabama. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $250,000
- +2107.5% vs 2021
- Grants made (2022)
- 3
- +50.0% vs 2021
- Average grant
- $83,333
- +1371.7% vs 2021
- Median grant
- $100,000
- Primary geography
- Alabama (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Sterne Agee Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2022
The largest 2022 recipient was Friends of the Birmingham Botanical Gardens ($125K). Together the top 3 received $250K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 11 grants of 13 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 3 itemized grants.
Cities
How Sterne Agee Charitable Foundation Inc gives
- Giving grew 217% from 2019 to 2022. Method
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $11K (2020) to $250K (2022). In 2022 it made 3 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $1,314 | $254,586 | $250,000 | 3 | $252,100 | — | $9,507 |
| 2021 | $253,272 | $3,884 | $15,103 | $11,325 | 2 | $13,163 | $1,943 | $12,687 |
| 2020 | $264,491 | $3,830 | $17,166 | $11,325 | 2 | — | — | $13,260 |
| 2019 | $277,827 | $5,788 | $87,076 | $78,825 | 6 | — | $824 | $14,788 |
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.
Leadership & Key People
Officers and directors from IRS filings
Sterne Agee Charitable Foundation Inc is led by B. Hanson Slaughter, President on every filing since 2019; none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
B. Hanson Slaughter
President
On filings since 2019
0.3 hrs/week
No compensation reported
John Rucker
Secretary
On filings since 2019
0.3 hrs/week
No compensation reported
Linda M. Daniel
Treasurer
On filings since 2019
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2022. "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 Sterne Agee Charitable Foundation Inc
How much does Sterne Agee Charitable Foundation Inc give each year?
Sterne Agee Charitable Foundation Inc gave $250K across 3 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $11K across 2 grants.
What is Sterne Agee Charitable Foundation Inc's typical grant size?
Sterne Agee Charitable Foundation Inc's median grant in 2022 was $100,000, and its average grant was $83,333, across 3 grants on its 2022 IRS Form 990-PF.
Where does Sterne Agee Charitable Foundation Inc give grants?
Sterne Agee Charitable Foundation Inc gives mostly in Alabama: 100% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Birmingham, AL (3 grants).
Does Sterne Agee Charitable Foundation Inc give general operating support?
Not in 2022: none of the 3 grants with a stated purpose on Sterne Agee Charitable Foundation Inc's 2022 IRS Form 990-PF were described as general or operating support.
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 2019–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 17, 2020)
- IRS filings on file for fiscal years 2020–2022
Live grants for the work Sterne Agee Charitable Foundation Inc funds
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