The Reese Phifer Jr Memorial
The Reese Phifer Jr Memorial Foundation is a corporate foundation based in Tuscaloosa, Alabama. Established in 1967, the foundation operates as a 501(c)(3) organization with tax-exempt status dating to June 1967. The foundation supports nonprofit organizations through grants and philanthropic initiatives, with a particular emphasis on the Tuscaloosa region and surrounding areas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
+13.9% YoY
Annual Giving
$363K
+38.3% YoY
Grant Count
61
+24.5% YoY
Avg Grant Size
$6K
+11.1% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Higher education
- Health associations
- Children and youth services
- Social services
- Arts and culture
- Federated giving programs
- Religious organizations (with support to Episcopal churches)
The foundation supports both annual giving and capital campaigns across its areas of interest.
Grantmaking
The foundation made 49 grants in 2024, with total giving of $363,495. Typical grant awards range from $100,000 to $150,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Alabama, with particular emphasis on the Tuscaloosa region. Giving also extends to Tennessee and Pennsylvania.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $4,000,765
- Total Revenues: $895,717
- Total Expenses: $406,762
- Total Grants Awarded: $363,495
The foundation maintains no employees and operates with minimal staffing.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,000,765 | $3,511,810 | $2,334,190 |
| Revenue | $895,717 | $1,462,091 | $1,249,847 |
| Expenses | $406,762 | $284,471 | $355,105 |
| Qualifying Distributions | $365,686 | $263,950 | $341,454 |
| Net Investment Income | $154,641 | $67,200 | $31,875 |
| Distributable Amount | $201,304 | $143,697 | $90,970 |
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
240 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Susan Cork is listed as a key contact for the foundation.
Contact Information:
- Phone: 205-750-4434
- Address: PO Box 1700, Tuscaloosa, AL 35403-1700
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BEVERLY PHIFER | TRUSTEE | 5 | — |
| SUSAN PHIFER CORK | TRUSTEE | 5 | — |
| KAREN PHIFER BROOKS | TRUSTEE | 5 | — |
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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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