The Anderson Foundation

Foundation · Grantmaker Florence, AL EIN: 63-1045859

The Anderson Foundation is a private foundation, based in Florence, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 2 grants totaling $55K. Net investment income was $118K.

Key facts about The Anderson Foundation

EIN: 63-1045859
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $55,000
Grants made (2024): 2
Average grant: $27,500
Median grant: $27,500
Total assets: $2,596,008
Primary geography: Alabama (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Anderson Foundation gives

Giving grew 120% from 2021 to 2024. Method
In 2024 it paid out 48% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Anderson Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

+15.3% YoY

Annual Giving

$55K

-87.1% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$28K

-80.6% YoY

Under IRS private-foundation payout rules, The Anderson Foundation reported a distributable amount of $121K for 2024 — the minimum it must pay out in qualifying distributions.

About The Anderson Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $55K (100%)

Share of all 2 itemized 2024 grant dollars.

States

Alabama

Cities

FlorenceBirmingham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,596,008	$2,251,643	$2,285,338
Revenue	$406,249	$396,441	$383,413
Expenses	$61,884	$430,136	$24,446
Qualifying Distributions	$58,767	$428,448	$24,155
Net Investment Income	$118,118	$111,004	$23,221
Distributable Amount	$121,489	$117,931	$107,908

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include University of North Alabama Foundation ($30,000), Florence Education Foundation ($25,000).

Recipient	Purpose	Amount
UNIVERSITY OF NORTH ALABAMA FOUNDATION Florence, AL	BENEVOLENT DONATION	$30,000
FLORENCE EDUCATION FOUNDATION Florence, AL	BENEVOLENT DONATION	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Charles C Anderson	Director	—	—
Charles C Anderson Jr	Director	—	—
Terry C Anderson	Director	—	—
Clyde B Anderson	Director	—	—
Harold M Anderson	Director	—	—

Frequently Asked Questions

How large is The Anderson Foundation?

As of 2024, The Anderson Foundation holds $2.6M in total assets with $406K in annual revenue. It awarded 2 grants totaling $55K in 2024.

Where does The Anderson Foundation operate?

The Anderson Foundation has awarded grants in Alabama.

What size grants does The Anderson Foundation award?

In 2024, The Anderson Foundation awarded 2 grants totaling $55K — an average of about $28K per grant, based on its IRS Form 990 filings.

How much is The Anderson Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Anderson Foundation reported a distributable amount of $121K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.