The Peoples Heritage Foundation Inc
The Peoples Heritage Foundation Inc is a private foundation, based in Biloxi, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $370K in total assets. In 2024, it awarded 1 grant totaling $5K. Net investment income was $15K.
The Peoples Heritage Foundation Inc at a glance
In short: The Peoples Heritage Foundation Inc gave $5K across 1 grant in 2024 (avg $5K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,000
- -77.3% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $5,000
- -31.8% vs 2023
- Median grant
- $5,000
- Total assets
- $370,346
- -3.1% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Peoples Heritage Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Traintastic Model Railroad Museum ($5K).
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Peoples Heritage Foundation Inc gives
- Giving fell 50% from 2021 to 2024. Method
- In 2024 it paid out 49% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5K (2024) to $22K (2023). In 2024 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Traintastic Model Railroad Museum Gulfport, MS | Support to Improve Museum Outreach to Preschool Children | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $370,346 | $22,882 | $22,830 | $5,000 | 1 | $5,000 | $15,349 | $10,181 |
| 2023 | $382,294 | $22,006 | $31,781 | $22,000 | 3 | $22,000 | $13,506 | $10,218 |
| 2022 | $380,069 | $23,974 | $7,776 | — | — | — | $20,145 | $11,012 |
| 2021 | $363,871 | $28,174 | $21,051 | $10,000 | 6 | — | $23,072 | $10,807 |
| 2020 | $364,438 | $18,908 | $17,275 | $9,000 | 5 | — | $14,354 | $10,072 |
Under IRS private-foundation payout rules, The Peoples Heritage Foundation Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Peoples Heritage Foundation Inc is led by Chevis C. Swetman, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chevis C. Swetman
President
On filings since 2020
No compensation reported
Bill Raymond
Trustee
On filings since 2023
No compensation reported
Jeffrey O'Keefe
Trustee
On filings since 2023
No compensation reported
Lolly Barnes
Trustee
On filings since 2023
No compensation reported
Millie Page
Trustee
On filings since 2023
No compensation reported
Donald Marie
Vice President
On filings since 2020
No compensation reported
Jamie Swan
Secretary & Treasurer
On filings since 2020
No compensation reported
Numerous Business Civic Leaders
Trustees
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 The Peoples Heritage Foundation Inc
How much does The Peoples Heritage Foundation Inc give each year?
The Peoples Heritage Foundation Inc gave $5K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $22K across 3 grants.
How large is The Peoples Heritage Foundation Inc?
The Peoples Heritage Foundation Inc reported $370K in total assets on its 2024 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Peoples Heritage Foundation Inc operate?
The Peoples Heritage Foundation Inc has awarded grants in Mississippi.
What is The Peoples Heritage Foundation Inc's EIN?
The Peoples Heritage Foundation Inc's EIN (Employer Identification Number) is 64-0654290. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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