The Florence Foundation
The Florence Foundation is a private foundation based in Moss Point, Mississippi. Established in January 1985, it operates as a 501(c)(3) tax-exempt organization with a focus on charitable giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
+8.9% YoY
Annual Giving
$120K
-40.5% YoY
Grant Count
14
+7.7% YoY
Avg Grant Size
$9K
-44.7% YoY
Mission & Focus Areas
The foundation's stated purpose is to provide income from publicly traded partnerships held for investment. Its grantmaking priorities include:
- Education
- Children's camps
- Youth services and youth groups
- Health and education initiatives
- Community outreach
- Chess programs
- Women's shelter services
- Vision rehabilitation services
- Philanthropy and voluntarism
Grantmaking
The foundation made 26 grants in 2023. Typical grant awards range from $2,250 to $106,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Alabama, with its base of operations in Moss Point, Mississippi.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $2,706,182
- Total Revenues: $553,226
- Total Expenses: $301,292
- Total Liabilities: $0
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,947,569 | $2,706,182 | $2,507,374 |
| Revenue | $521,892 | $553,226 | $263,307 |
| Expenses | $317,890 | $301,292 | $215,718 |
| Qualifying Distributions | $176,477 | $263,226 | $198,500 |
| Net Investment Income | $528,496 | $523,464 | $220,340 |
| Distributable Amount | $269,709 | $186,014 | $243,433 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DWAIN G LUCE JR | TRUSTEE | 4 | $16,000 |
| THOMAS F GARTH | TRUSTEE | 1 | $16,000 |
| KATE L BOURGEOIS | TRUSTEE | 1 | $16,000 |
| THOMAS F GARTH JR | TRUSTEE | 1 | $16,000 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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