The Milestone Fund 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 $1.0M in total assets. In 2024, it awarded 13 grants totaling $145K. Net investment income was $111K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-4.0% YoY
Annual Giving
$145K
+9.8% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$11K
+9.8% YoY
Under IRS private-foundation payout rules, The Milestone Fund reported a distributable amount of $131K for 2024 — the minimum it must pay out in qualifying distributions.
About The Milestone Fund
Based on IRS filings
The Milestone Fund 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 $1.0M in total assets. In 2024, it awarded 13 grants totaling $145K. Net investment income was $111K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,043,381 | $1,086,510 | $919,092 |
| Revenue | $113,237 | $308,102 | $85,634 |
| Expenses | $156,366 | $140,684 | $131,942 |
| Qualifying Distributions | $150,823 | $137,513 | $127,659 |
| Net Investment Income | $110,888 | $305,919 | $83,341 |
| Distributable Amount | $131,445 | $118,409 | $124,926 |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Central Al ($35,000), Children's Hospital Foundation ($30,000), Community Foundation of Greater Bir ($18,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABAMA SYMPHONY BIRMINGHAM, AL | GENERAL FUND | $5,000 |
| BIRMINGHAM CIVIL RIGHTS INSTITUTE BIRMINGHAM, AL | GENERAL FUND | $5,000 |
| CHILDREN'S HOSPITAL FOUNDATION BIRMINGHAM, AL | GENERAL FUND | $30,000 |
| COMMUNITY FOUNDATION OF GREATER BIR BIRMINGHAM, AL | GENERAL FUND | $18,000 |
| HISPANIC INTEREST COALITION OF ALAB BIRMINGHAM, AL | GENERAL FUND | $5,000 |
| INDIAN SPRINGS SCHOOL PELHAM, AL | GENERAL FUND | $10,000 |
| MIKE SLIVE FOUNDATION BIRMINGHAM, AL | GENERAL FUND | $5,000 |
| UAB COMPREHENSIVE CANCER CENTER BIRMINGHAM, AL | GENEAL FUND | $10,000 |
| UNITED WAY OF CENTRAL AL BIRMINGHAM, AL | GENERAL FUND | $35,000 |
| WOODLAWN FOUNDATION BIRMINGHAM, AL | GENERAL FUND | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Milestone Fund?
The Milestone Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $1.0M in total assets as of 2024.
How large is The Milestone Fund?
As of 2024, The Milestone Fund holds $1.0M in total assets with $113K in annual revenue. It awarded 13 grants totaling $145K in 2024.
Where does The Milestone Fund operate?
The Milestone Fund has awarded grants in Alabama.
What size grants does The Milestone Fund award?
In 2024, The Milestone Fund awarded 13 grants totaling $145K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Milestone Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Milestone Fund reported a distributable amount of $131K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Milestone Fund's EIN?
The Milestone Fund's EIN (Employer Identification Number) is 82-6433110. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Milestone Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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