The Milestone Fund
The Milestone Fund is a private foundation based in Birmingham, Alabama. In filing year 2025, it reported 15 grants totaling $159,000 to organizations in Alabama, including charitable, educational, cultural, and health-related organizations.
The Milestone Fund at a glance
In short: The Milestone Fund gave $159K across 15 grants in 2025 (avg $11K), mostly in Alabama. 20% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $159,000
- +9.7% vs 2024
- Grants made (2025)
- 15
- +15.4% vs 2024
- Average grant
- $10,600
- -5.0% vs 2024
- Median grant
- $5,000
- Total assets
- $947,461
- -9.2% vs 2024
- New grantees (estimate)
- 20% first-time grantees (3 of 15, 2025; small sample)
- Primary geography
- Alabama (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Milestone Fund
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: C/O Regions Bank PO Box 11426, Birmingham, AL 35202
Phone: (205) 583-4464
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Milestone Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was United Way of Central AL ($35K). Together the top 10 received $140K.
Grant Size Distribution
67 grants across all recorded years
The most common grant size was under $50K: 67 grants of 67 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Alabama.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
States
Cities
Is The Milestone Fund open to new grantees?
20%
first-time grantees, 2025
In 2025, 3 of 15 grantees (20%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $4K; repeat grants $12K. How we count
Medians: $5K first-time, $8K repeat.
- 80% of 2025 grantees were also funded in 2024. Method
- Giving grew 30% from 2022 to 2025. Method
- In 2025 it paid out 115% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $120K (2020) to $159K (2025). In 2025 it made 15 grants totaling $159K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Central AL Birmingham, AL | General Fund | $35,000 |
| Children's Hospital Foundation Birmingham, AL | General Fund | $25,000 |
| Community Foundation of Greater BIR Birmingham, AL | General Fund | $20,000 |
| UAB Comprehensive Cancer Center Birmingham, AL | Geneal Fund | $20,000 |
| Indian Springs School Pelham, AL | General Fund | $10,000 |
| Woodlawn Foundation Birmingham, AL | General Fund | $10,000 |
| Alabama Symphony Birmingham, AL | General Fund | $5,000 |
| Birmingham Civil Rights Institute Birmingham, AL | General Fund | $5,000 |
| Birmingham Historical Society Birmingham, AL | General Fund | $5,000 |
| Hispanic Interest Coalition of Alab Birmingham, AL | General Fund | $5,000 |
Ready to take the next step with The Milestone Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $947,461 | $75,240 | $171,160 | $159,000 | 15 | $165,431 | $72,788 | $143,263 |
| 2024 | $1,043,381 | $113,237 | $156,366 | $145,000 | 13 | $150,823 | $110,888 | $131,445 |
| 2023 | $1,086,510 | $308,102 | $140,684 | $132,000 | 13 | $137,513 | $305,919 | $118,409 |
| 2022 | $919,092 | $85,634 | $131,942 | $122,000 | 13 | $127,659 | $83,341 | $124,926 |
| 2021 | $965,400 | $98,312 | $134,873 | $127,000 | 13 | $132,206 | $95,643 | $120,820 |
| 2020 | $1,001,961 | $77,373 | $127,753 | $120,000 | 14 | — | $75,203 | $107,383 |
Under IRS private-foundation payout rules, The Milestone Fund reported a distributable amount of $143K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The fund’s 2025 grants included support for Indian Springs School, whose stated mission is “to serve as a support organization for Alabama Educational Foundation,” and Birmingham Historical Society, which says it researches and interprets Birmingham-area history and supports preservation of historic landmarks, parks, and neighborhoods.
Grantmaking
In 2025, the fund reported 15 grants totaling $159,000. Grant amounts ranged from $2,000 to $35,000, with a median of $5,000. Notable grants included $35,000 to United Way of Central Alabama, $25,000 to Children’s Hospital Foundation, $20,000 each to Community Foundation of Greater Birmingham and UAB Comprehensive Cancer Center, and $10,000 each to Indian Springs School and Woodlawn Foundation.
Leadership & Key People
Officers and directors from IRS filings
The Milestone Fund's only listed officer is Regions Bank Trust Department, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Regions Bank Trust Department
Trustee
On filings since 2020
$6K (2020) → $7K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $7K, to Regions Bank Trust Department (Trustee).
Frequently asked questions about The Milestone Fund
How much does The Milestone Fund give each year?
The Milestone Fund gave $159K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $145K across 13 grants.
What is The Milestone Fund's typical grant size?
The Milestone Fund's median grant in 2025 was $5,000, and its average grant was $10,600, across 15 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Milestone Fund that year got $4K on average.
Where does The Milestone Fund give grants?
The Milestone Fund gives mostly in Alabama: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Birmingham, AL (14 grants).
Does The Milestone Fund give general operating support?
Yes: 93% of The Milestone Fund's 2025 grants with a stated purpose (14 of 15) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Milestone Fund's largest grantees?
The Milestone Fund's largest 2025 grantees include United Way of Central AL ($35,000), Children's Hospital Foundation ($25,000) and Community Foundation of Greater BIR ($20,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is The Milestone Fund?
The Milestone Fund reported $947K in total assets on its 2025 IRS Form 990-PF. It paid out $165K in qualifying distributions that year, against a required minimum of $143K (roughly 5% of its investment assets).
What does The Milestone Fund fund?
No mission statement is provided. See mission & focus areas ↑
How do I apply for a grant from The Milestone Fund?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does The Milestone Fund accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
Explore Open Grants
Browse active grant opportunities in The Milestone Fund's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Milestone Fund funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-milestone-fund-morg_3e0aa7277df844cba3f0d7cbcc56d2a0
BibTeX
@misc{grantable_826433110_2026,
author = {{Grantable}},
title = {{The Milestone Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-milestone-fund-morg_3e0aa7277df844cba3f0d7cbcc56d2a0},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Milestone Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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