The Thomas B and Michael F Barnett

Foundation · Grantmaker Mobile, AL EIN: 63-6159417

The Thomas B and Michael F Barnett is a private foundation, based in Mobile, AL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $648K in total assets. In 2025, it awarded 4 grants totaling $56K. Net investment income was $14K.

Key facts about The Thomas B and Michael F Barnett

In short: The Thomas B and Michael F Barnett gave $56K across 4 grants in 2025 (avg $14K), mostly in Alabama. Source: 2025 IRS Form 990-PF.

EIN
63-6159417
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$56,080
Grants made (2025)
4
Average grant
$14,020
Median grant
$5,000
Total assets
$647,759
Primary geography
Alabama (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$648K

-5.6% YoY

Annual Giving

$56K

+1.8% YoY

Grant Count

4

+33.3% YoY

Avg Grant Size

$14K

-23.6% YoY

Under IRS private-foundation payout rules, The Thomas B and Michael F Barnett reported a distributable amount of $33K for 2025 — the minimum it must pay out in qualifying distributions.

How The Thomas B and Michael F Barnett gives

  • Giving grew 71% from 2022 to 2025. Method
  • In 2025 it paid out 169% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 4 itemized 2025 grant dollars.

States

Cities

MobileFairhopeElberta

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants20204 grants20212 grants20222 grants20233 grants20244 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

St Michaels Catholic School: $45KSt Michaels Catholic School$45KFirst Light Community of Mobile: $6KFirst Light Community ofMobile$6KCatholic Social Services: $4KCatholic Social Services$4KMobile Law Enforecement Foundation: $2KMobile Law EnforecementFoundation$2K

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
ST MICHAELS CATHOLIC SCHOOL Fairhope, ALCHARITABLE DONATION$44,580
FIRST LIGHT COMMUNITY OF MOBILE Mobile, ALCHARITABLE DONATION$6,000
CATHOLIC SOCIAL SERVICES Mobile, ALCHARITABLE DONATION$4,000
MOBILE LAW ENFORECEMENT FOUNDATION Mobile, ALCHARITABLE DONATION$1,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K202020212022202320242025
Metric202520242023
Total Assets$647,759$686,214$730,064
Revenue$31,679$25,267$-1,531
Expenses$70,134$69,119$64,879
Qualifying Distributions$56,080$55,072$49,000
Net Investment Income$13,865$4,993$1,932
Distributable Amount$33,227$1,286$39,197

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  7. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  8. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  9. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 30, 2023)
  10. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
  11. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  12. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)

Leadership & Key People

Officers and directors from IRS filings

The Thomas B and Michael F Barnett's only listed officer is Oakworth Capital Bank, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • Oakworth Capital Bank

    Trustee

    On filings since 2020

    1 hr/week

    $6K (2020) → $6K (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

Oakworth Capital Bank — Trustee: $6KOakworth Capital BankTrustee$6K

Frequently asked questions about The Thomas B and Michael F Barnett

How much does The Thomas B and Michael F Barnett give each year?

The Thomas B and Michael F Barnett gave $56K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 3 grants.

What is The Thomas B and Michael F Barnett's typical grant size?

The Thomas B and Michael F Barnett's median grant in 2025 was $5,000, and its average grant was $14,020, across 4 grants on its 2025 IRS Form 990-PF.

Where does The Thomas B and Michael F Barnett give grants?

The Thomas B and Michael F Barnett 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 Mobile, AL (3 grants).

Does The Thomas B and Michael F Barnett give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on The Thomas B and Michael F Barnett's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Donation" (4 grants).

How large is The Thomas B and Michael F Barnett?

The Thomas B and Michael F Barnett reported $648K in total assets on its 2025 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $33K (roughly 5% of its investment assets).

What is The Thomas B and Michael F Barnett's EIN?

The Thomas B and Michael F Barnett's EIN (Employer Identification Number) is 63-6159417. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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